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Rich Preece has left Intuit after a 17-year tenure. His final role was as senior vice president and head of customer success for the small business and self-employed group; his first was as marketing manager for ProSeries. Neither Preece nor his new employer have announced where he will be going yet, although Preece did say […]
The Institute of Management Accountants has released a new report explaining how accountants can improve their organization’s costing models, tools and information to support better decision making. Cost modeling for internal decision support has long been a neglected part of the finance function, and the costing practices at many organizations often fall short of their […]
Sen. Ron Wyden, D-Ore., the top Democrat on the Senate Finance Committee, teamed up with several of his fellow Democrats Wednesday on new legislation and investigations of reported abuses of the opportunity zone tax break for real estate investors. Opportunity zones were included as part of the Tax Cuts and Jobs Act of 2017 with […]
Client demand, and their own perceptions of the areas clients need help in, are the main drivers of new business service offerings at accounting firms, according to a new study. The research, part of the monthly Accountants Confidence Index study that Accounting Today conducts in partnership with ADP, also found that the overwhelming majority of […]
Details: HBK IT LLC, a member of the HBK family that includes Top 100 Firm HBK CPAs Consultants, has acquired Unicom Solutions Group, a technology consulting firm in Mountainside, New Jersey. Unicom, established in 1991, offering services to small and midsize private companies, nonprofits and government agencies. Financial terms of the deal were not disclosed. […]
The consulting practices of accounting firms saw their revenues increase 15.9 percent in 2018 to surpass $2 billion for the first time ever, reaching $2.1 billion, according to a new report. The report, by Source Global Research, found that accounting firms now generate more than a third of all consulting revenues in China. China’s overall […]
Engagement letters’ fine line; 382 requirements eliminated; owing California; and other highlights from our favorite tax bloggers. Poor it on IRS Mind (https://www.irsmind.com/): How fewer IRS resources mean disproportionately more audits on lower-income taxpayers. Procedurally Taxing (https://procedurallytaxing.com): How a late return was a late return in the eyes of a judge despite the taxpayer being […]
BKD has released a new lease accounting solution embedded with artificial intelligence. BKD LeaseVision is designed to improve the process of businesses implementing GASB 87 and FASB Accounting Standards Codification 842 on lease accounting. The three key features of the software are a standards implementation roadmap, AI software to read lease documents, and Microsoft Excel […]
Woodard Events, which puts on the annual Scaling New Heights accounting conference, will offer a second, online show this year in partnership with QuickBooks maker Intuit, titled “Scaling New Heights Online.” The two-day, online event will be held Nov. 19-20, 2019. The event is patterned after Woodard’s on-premise conference conducted each June. The online version […]
Details: Marcum LLP, a Top 200 Firm based in New York, added CPA Consulting Group LLC, a firm based in Nashville, effective Nov. 1. The deal will bring two partners and 15 associates to Marcum’s Nashville office, and CPACG President Cathy Werthan will become managing partner of Marcum’s Nashville office. Financial terms of the deal […]
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