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LBMC, an Accounting Today Top 100 Firm based outside Nashville, has acquired Think Data Insights, a company that provides data platforms and analytics solutions. More firms are upping their stake in analytics and other technology capabilities as the accounting industry becomes increasingly tech-enabled. Financial terms of the transaction were not disclosed. LBMC’s offices in Brentwood, […]
What makes someone elite? In some cases, it’s skill or talent — the basketball player who always sinks a free throw, the artist who can draw a perfect circle freehand, or the singer with perfect pitch. In others, it’s imagination or innovation — the engineer who sees a novel way to solve a problem, or […]
Business and tech consultancy Net at Work, an Accounting Today VAR 100 firm, has acquired Southeast Computer Solutions, a consulting firm and Sage partner based in Miami. Net at Work has been acquiring strategically over time to increase its footprint in the United States, last year adding Michigan-based Management Advisory Services and Florida-based Inventory Management […]
The Internal Revenue Service and the Treasury Department released guidance Wednesday enabling taxpayers to make a late election, or revoke an earlier election, for the bonus depreciation tax break for the property they have acquired for a business. The Tax Cuts and Jobs Act of 2017 made a number of changes to the bonus depreciation […]
Few service offerings can boast the sort of boom that client accounting services have enjoyed in the past five or six years, as technological advances (particularly in the cloud), client needs, and bold practitioners have combined to create enviable growth rates and an entirely new way of looking at how firms serve business clients. For […]
If you’re reading this, you’ve probably already bought into the whole idea that reading is a useful activity. It is, after all, a supremely effective way to find out which end is up, whether a cup contains a hot beverage, and what, exactly, the IRS expects you to do about Section 199a. Summer reading for […]
The Financial Accounting Standards Board is aiming to clarify the interaction between two of its accounting standards: the standard on recognition and measurement of financial instruments and the standard on equity method investments. FASB issued a proposed accounting standards update Tuesday after hearing questions from some of its stakeholders about how the two standards worked […]
Financial executives in the U.S. and Canada are having trouble finding skilled professionals who can handle both financial and data management, according to a new report. The report, from the Financial Education Research Foundation, a nonprofit research affiliate of Financial Executives International, and the global staffing firm Robert Half found that while 78 percent of […]
In the aftermath of the Supreme Court decision in Wayfair, the question that many asked was, “How far can states go in taxing entities with a tenuous connection to the state?” Now, the high court has given a partial answer in its Kaestner decision: “Not this far!” The court decided unanimously in favor of the […]
When it comes to corporate transparency, the United States is at a crossroads. To one side is maintaining the status quo, with a patchy reporting landscape for environmental, social and governance (ESG) information. On the other side is an opportunity to take action to create an ESG disclosure system that provides consistency and delivers quality […]
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