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An official from the American Institute of CPAs testified Wednesday before the Senate’s Small Business and Entrepreneurship Committee in favoring of lowering taxes for small businesses as much as corporations. “Tax relief should not mean a rate reduction for C corporations only,” said AICPA Tax Executive Committee chair Annette Nellen in her written testimony. “Congress […]
Succession planning isn’t just for retirement anymore, according to ConvergenceCoaching co-founder Jennifer Lee Wilson. “The whole discussion of transition isn’t just retirement,” Wilson told attendees at a sessionon building a better succession transition between different age groups at the AICPA’s 2017 Engage conference, held in Las Vegas this week. “It’s much broader than that. Great […]
An “almost incomprehensible” increase in the pace of change and technological development is going to require the accounting profession to make significant changes to survive and thrive, according to American Institute of CPAs president and CEO Barry Melancon. Speaking in an update on the profession with institute chair Kimberly Ellison-Taylor at the 2017 AICPA Engage […]
Rep. Lloyd Doggett, D-Texas, the ranking Democrat on the House Ways and Means Tax Policy Subcommittee, introduced a “privileged resolution” Tuesday that would require the House to immediately request President Trump’s tax returns and those of his businesses. The resolution, which would need to be considered within two legislative days, would also postpone consideration of […]
Wisconsin-based firm Wipfli has released a new Microsoft Dynamics AX and Concur Travel and Expense Management connector for medium to large enterprise travel managers. The new tool, called ExpenseConnect, is proprietary to Wipfli and the data moves bi-directionally between the software platforms. It is customizable based on business needs and workflows, and can handle multi-currency […]
CorpNet, which provides business formation and compliance services, has launched a partner program for CPAs accounting firms. Firms and practitioners can become resellers of the company’s legal and business services, which can be white-labeled for the firm; or become a referral partner, earning 50 percent commission on new business. Founder and CEO of CorpNet Nellie […]
The Internal Revenue Service has released a revenue procedure that offers an easier way to get an extension of time to file a return to opt for portability of the deceased spousal unused exclusion amount. Revenue Procedure 2017-34 applies to estates that aren’t typically required to file an estate tax return because the value of […]
A Grant Thornton firm in the West Indies has merged in a former BDO firm to expand its presence in the Caribbean. Grant Thornton Windward Islands, the member firm for the four English-speaking countries that make up the Windward Islands—Dominica, St. Lucia, St. Vincent and the Grenadines, and Grenada—combined with Patterson Co. (formerly BDO) in […]
Fifteen years after passage of the Sarbanes-Oxley Act, companies are still finding the costs of compliance heavy in terms of both dollars and man hours, according to a new report. The report, from the consulting firm Protiviti, found the average costs depend in some respects on the number of locations at an organization. While companies […]
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