Accounting

AICPA president and CEO Barry Melancon gave his annual update at the Accountants Club of America on Feb. 4. This was a can’t-miss program for me and likely for all of the other attendees at the sold-out breakfast. An excellent article by Michael Cohn appeared that day reporting on the presentation. However, my interest in
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Canopy announced a number of updatest to its cloud-based practice management platform:· A Canopy Desktop Assistant “Scan To” that lets users print or scan documents directly to Canopy.· A global client request feature.· Updates to the mobile app, including the ability to scan documents directly to the client portal from the user’s phone.· A new
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The New Jersey Society of CPAs, Roseland, announced it is accepting nominations for its Ovation Awards, which honors accountants from industry, private and public practice, academia and the community. The seven categories of awards include: Emerging Leaders; Diversity, Equity & Inclusion; Innovation; Exceptional Educators; Women to Watch; Impact; and Lifetime Leader. More information on the
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The Internal Revenue Service, along with its Security Summit partners at state tax authorities and tax prep companies, urged tax professionals and taxpayers Friday to use the free, multi-factor authentication feature offered on tax preparation software products, as nearly two dozen tax practitioner firms have reported data thefts to the IRS so far this year.
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The American Accounting Association has announced that five new members will be inducted into its Accounting Hall of Fame this August during the organization’s Annual Meeting in Atlanta. Started at Ohio State University in 1950, the Accounting Hall of Fame has inducted 101 members since its inception. Bruce Behn, past president of the AAA and
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Michael Poveda (pictured) was hired as an assurance and advisory partner at UHY, Albany. Denise Gueli was promoted to Buffalo office managing partner at The Bonadio Group, succeeding Mario Urso who will continue to serve as chairman and co-founder of the statewide health care tax exempt practice. EisnerAmper, New York, named three professionals to the
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The White House’s latest budget blueprint proposes consolidating the functions and responsibilities of the Public Company Accounting Oversight Board into the Securities and Exchange Commission starting in 2022. The move would save a projected $57 million that year, and up to $580 million by 2030, but the impact on audit firms and investor protection couldn’t
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We recently returned from the Winning is Everything conference in Las Vegas. In its 20th year, WiE has been a consistent opportunity for firm leadership to network, learn, grow, and to inspire one another. Over the years, some of our subject matter has evolved and advanced, and some topics remain and continue to perplex. Take
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The Internal Revenue Service introduced a new payment option in 2016 that lets individuals pay their taxes with cash at participating retail chains, but less than 700 payments have been made each year since the option was made available, according to a new report. The report, from the Treasury Inspector General for Tax Administration, noted
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The Internal Revenue Service and the Treasury have proposed regulations updating the income tax withholding rules to reflect the changes in the Tax Cuts and Jobs Act, the recently redesigned Form W-4 and the IRS’s new Tax Withholding Estimator. The proposed regulations aim to take into account the redesigned Form W-4, Employee’s Withholding Certificate, and
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Two major issues dominated the conversation around state and local tax in 2019, according to Jamie Yesnowitz and the team at Grant Thornton’s SALT National Tax Office: the 2017 Tax Cuts and Jobs Act and the Supreme Court decision in South Dakota v. Wayfair Inc. in June 2018. They’ll both continue to have a major
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The Governmental Accounting Standards Board released guidance on leases, pension plans and a wide range of other accounting and financial reporting issues that were identified during the implementation and application of some of its earlier pronouncements. The issues covered by GASB Statement No. 92, Omnibus 2020, include modifying the effective date of Statement No. 87,
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RSM US said its 2019 RSM Classic PGA Tour event, hosted by the Davis Love Foundation, has raised $4,603,021.12 for children- and family-focused charity organizations. The tournament was held at the Sea Island Golf Club on St. Simons Island, Georgia, from Nov. 18 – 24, 2019. The tournament has now raised $17.6 million for various
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