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A closely divided Senate Finance Committee advanced the nominee for the next Internal Revenue Service commissioner, Charles Rettig, by a vote of 14 to 13, but he awaits a vote by the full Senate. Rettig is a tax attorney at the Beverly Hills law firm Hochman, Salkin, Rettig, Toscher Perez, P.C. who has spent most […]
In marketing a business, one of the concepts that many business owners lose sight of is the frequency of their message. In other words, how many times does their target audience need to be exposed to their message before it triggers a response? All too often, small accounting firm owners will try something once, expect […]
On Sept. 11, 1844 a boat entered New York Harbor carrying three Bavarian immigrant brothers. They arrived with nothing except a pair of shiny new shoes each. After working for a short time as cotton traders in Alabama, they set up a bank in New York City — a financial institution that grew to be […]
Republicans are promising a comprehensive second round of tax cuts — but tax changes affecting retirement savings may be the only measures with enough political support to make it through Congress this year. House Ways and Means Chairman Kevin Brady said Wednesday that he plans on releasing an outline of “Tax Reform 2.0” legislation next […]
I was once asked, “Why is growth important?” My short answer was it comes down to perspective. Do you want your firm to be relevant and be a disruptor, or do you want your firm to be irrelevant and be disrupted? Without growth, your firm will certainly be the latter. Let me explain by sharing […]
The Senate Finance Committee plans to vote Thursday on President Trump’s nomination of tax attorney Charles Rettig as the next commissioner of the Internal Revenue Service. The committee held a confirmation hearing at the end of June where it heard testimony from Rettig, who was asked about Trump’s reluctance to release his tax returns (see […]
The International Federation of Accountants has updated its guide to using International Standards on Auditing in audits of small and midsized entities. IFAC released the fourth edition of its Guide to Using ISAs in the Audits of SMEs, Fourth Edition. The updates in the latest edition reflect recent changes to the International Standards on Auditing, […]
The California Society of CPAs marked a milestone Monday, with chairman Lewis Sharpstone saying the organization now has 45,000 members, making it the biggest state CPA society in the country. “We are gratified that so many California certified public accountants, CPA candidates, students and financial professionals have decided that membership in the California Society of […]
More than 75 percent of CPAs in New Jersey say the Garden State’s recently enacted budget would have a negative impact on the economy, according to a new survey by the New Jersey Society of CPAs. The NJCPA polled 921 CPAs for the survey and found that 39 percent predicted the state economy could get […]
Companies that refer to trade secrets in their Form 10-K annual reports are at greater risk of cyberattacks from criminals who are intent on uncovering them, according to a team of accounting researchers. The research, by Michael Ettredge and Yijun Li of the University of Kansas and Feng Guo of Iowa State University, is expected […]
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