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The Internal Revenue Service is looking for public comments on draft Form 7217 and its instructions. Last month, the agency revised the draft 7217 with the title “Partner’s Report of...
At all our Boomer Circle Community meetings lately, generative AI is a hot topic. Many firms are already harnessing artificial intelligence tools, including ChatGPT and Microsoft...
The Treasury Inspector General for Tax Administration said the IRS has failed to address literally tens of thousands of security vulnerabilities in both its mainframe platform...
Enjoy complimentary access to top ideas and insights — selected by our editors. This week’s stats focus on the number of financial restatements by public companies,...
Saying ‘yes’ too much; M&A mania; partners’ income spread; and other highlights from our favorite tax bloggers. This might hurt a bit Tax Notes (https://www.taxnotes.com/procedurally-taxing): Good...
Private equity-backed accounting firm platform Ascend has added Pasadena, California-based Lucas Horsfall as its latest member firm. Terms of the deal were not disclosed, but it...
The American Institute of CPAs has sent a letter to the Internal Revenue Service asking for immediate tax relief in the wake of the deadly Hurricane...
Prosperity Partners, a Chicago-based accounting business backed by private equity, has completed the acquisition of Wiener and Garg, a tax preparation, planning, advisory and accounting firm...
Accounting solutions provider Aiwyn announced the release of its new practice management platform, PracticeOS, made specifically to help accounting professionals with their work-to-cash cycles. “Launching PracticeOS...
Job growth at small businesses moderated slightly in September, but hourly earnings growth reached 3.01%, up from 2.95% in August, payroll provider Paychex reported Tuesday. The...
