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They might sound crazy rich to ordinary Americans — and plain old crazy to 0.1 percenters: They’re millionaires who actually want to pay more in taxes. They call themselves the Patriotic Millionaires, and they say with straight faces it’s time the ultra-affluent kick in more to Uncle Sam. If they’re traitors to their class, they’re […]
Barry Pennett has been named to the new role of vice president and general manager of Intuit’s ProConnect Group, just in time for tax season. ProConnect is the company’s professional tax preparer software, built on the Lacerte engine. Pennett has been with Intuit for 13 years, heading up its accountant sales. Before joining Intuit, he […]
A group of international accounting organizations is calling for improved reporting and action on the UN’s Sustainable Development Goals to hit the ambitious goals set for 2030. The organizations include the International Federation of Accountants (IFAC), the Association of Chartered Certified Accountants (ACCA), the Institute of Chartered Accountants of Scotland (ICAS), Chartered Accountants Australia and […]
Savings for the top six U.S. banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders. JPMorgan Chase Co., Bank of America Corp., Citigroup Inc., Wells Fargo Co., Goldman Sachs Group Inc. and Morgan Stanley posted […]
Ericksen Krentel elects new MP; Aprio promotes a dozen to partner and director; and more personnel news.
Marketing directors and partners at accounting firms share the same goal: advancing the firm’s brand and helping it achieve specific growth and profitability targets. Yet lurking below their unified vision of firm success there is often a sense of internecine rivalry — explicit or more subtle — where marketing may almost be seen as an […]
Baker Newman Noyes and Aronson cut ribbons on new offices; Tennessee and Missouri state CPA societies wager on Sunday’s AFC championship; and more CPA news.
The IRS will return sequestered funds to businesses that were affected by a recent Office of Management and Budget determination regarding the Balanced Budget and Emergency Deficit Control Act of 1985. The OMB determined that the refundable corporate minimum tax credit claimed under Sections 53 and 168(k)(4) of Title 26 of the U.S. Code as […]
The Financial Accounting Standards Board has issued a standards update aimed at clarifying the interaction between the rules related to equity securities, equity method investments and certain derivatives. The new accounting standards update builds on an earlier one from 2016. Back then, FASB issued Accounting Standards Update No. 2016-01, Financial Instruments—Overall (Subtopic 825-10): Recognition and […]
Top 100 Firm UHY Advisors and UHY LLP merged in Pattison, Koskey, Howe and Bucci, CPAs; MBAF expanded its tax and accounting practice by adding Kramer Associates; and Fiondella, Milone LaSaracina merged in Viola Chrabascz Reynolds and Formica Dobkin.
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