People & firms on the move: Marks Paneth elects new MP
Weaver appoints COO; Armanino introduces return-to-work solution suite; and more CPA news.
Category: Tax News And Info
AICPA announces 2020 ‘Standing Ovation’ award recipients
The American Institute of CPAs announced the recipients of its fifth annual Standing Ovation award, given to CPAs age 40 and under. Recipients were honored during the ongoing AICPA Engage 2020 conference. Eleven CPAs were recognized in all, representing the personal finance and information technology sectors. “Financial planning and technology advisory services are two areas […]
Deloitte dives into blockchain
Deloitte is helping more of its clients leverage blockchain technology as it sees the distributed ledger technology gain increasing usage after years of experimentation with the technology. “We were in an ideation phase with blockchain, which was a really long phase,” said Amy Steele, a partner at Deloitte who leads audit initiatives for Deloitte’s digital […]
M&A roundup: Sikich, BPM and Williams-Keepers expand
Details: Williams-Keepers LLC, a firm based in Columbia, Missouri, has acquired Mid-Missouri Accounting Services. MMA plans to continue operating at its current office in Mexico, Missouri until around the end of August and relocate to WK’s Columbia office. Financial terms of the deal were not disclosed. Williams-Keepers ranked 22nd on Accounting Today’s Regional Leaders list […]
Tax Fraud Blotter: Know when to hold ’em
Workin’ on the highway; school’s out; paycheck re-route; and other highlights of recent tax cases. Frenchville, Pennsylvania: Preparer Kathy Billotte has pleaded guilty to aiding and assisting in the preparation or filing of a false income tax return. Billotte operated the tax prep business K B Tax Services and falsified annual returns for at least […]
Financial satisfaction fell to five-year low amid coronavirus, says AICPA
The American Institute of CPAs reported Thursday that its Personal Financial Satisfaction Index declined 55 percent in the second quarter of the year, a level not seen since 2015, as the COVID-19 pandemic continued to ravage consumer finances. The Q2 2020 Personal Financial Satisfaction index (PFSi) measures 15.2, an 18.5-point decline from Q1, making it […]
BDO merges in ACM
BDO USA is expanding in Colorado and Wyoming by adding ACM LLP, formerly known as Anton Collins Mitchell LLP, a firm based in Denver. ACM has been a member of the BDO Alliance since 2002, and before that was a part of BDO. The deal is expected to close Aug. 1. “As a BDO Alliance […]
State CPA society CEOs call for federal relief for state and local governments amid coronavirus
Massachusetts Society of CPAs president and CEO Amy Pitter is spearheading a group of 28 state CPA society heads who have sent a letter to congressional leaders asking them to pass legislation to help state and local governments deal with the COVID-19 pandemic. The novel coronavirus pandemic has decimated the budgets of states and local […]
Aprio teams with CPAsNET
Aprio LLP, a Top 50 Firm based in Atlanta, and CPAsNET, a community of accounting and business consulting firms, have formed a strategic partnership. Under a five-year pact, Aprio will give CPAsNET member firms technical guidance, support and access to more than 20 specialty services, including information related to RD tax credits, state and local […]
IIA updates Three Lines Model to stress risk management and governance
The Institute of Internal Auditors has updated its Three Lines of Defense Model to emphasize more active forms of risk management and governance.that go beyond merely defensive moves by the internal audit function. In line with the revised approach, the IIA has shortened the name to the Three Lines Model to de-emphasize the defensive approach. […]
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