Author Archives: admin

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Employers focusing on starting salaries and workload to ease pipeline pain

Category:Uncategorized

Accounting graduates are seeing higher initial pay, and a majority of large firms plan to address workload issues in the next six months. These trends are welcomed, but more is needed, writes Sue Coffey, CPA, CGMA, CEO–Public Accounting for the Association of International Certified Professional Accountants.
Source: JOA News
Read More here – Employers focusing on starting salaries and workload to ease pipeline pain


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Taxpayer advocate: Unprocessed ERC claims could total 1 million at year end

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National Taxpayer Advocate Erin Collins told the AICPA & CIMA National Tax Conference that the number of unprocessed employee retention credit claims will grow before the final filing deadline in April.
Source: JOA News
Read More here – Taxpayer advocate: Unprocessed ERC claims could total 1 million at year end


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Financial planners and caregiving: Helping clients manage the challenges

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Planning for caregiving involves immediate and future financial implications along with tax considerations and documentation. Preparing for eventual life needs provides clients and their caregivers emotional support along with clear direction about the financial possibilities.
Source: JOA News
Read More here – Financial planners and caregiving: Helping clients manage the challenges


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CRFB leader: Tax policy may not be a Trump administration high priority

Category:Uncategorized

The head of the nonpartisan Committee for a Responsible Federal Budget told the AICPA & CIMA National Tax Conference that extending the Tax Cuts and Jobs Act would add $5 trillion to the national debt.
Source: JOA News
Read More here – CRFB leader: Tax policy may not be a Trump administration high priority


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BOI update: 6.5 million of 32 million reports filed so far

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FinCEN official says the reports “track more closely” with businesses created in 2024, which have a tighter deadline to file than businesses created earlier.
Source: JOA News
Read More here – BOI update: 6.5 million of 32 million reports filed so far


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A new top 10 firm? Two top 15 firms band together

Category:Uncategorized

CBIZ completed its acquisition of Marcum, a deal that creates a team of 10,000-plus and revenue that could land CBIZ in the top seven.
Source: JOA News
Read More here – A new top 10 firm? Two top 15 firms band together


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AICPA board approves update to peer review standards

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The AICPA Peer Review Board approved changes that align with new quality management standards for firms’ accounting and auditing practices.
Source: JOA News
Read More here – AICPA board approves update to peer review standards


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Final regs. modernize process for sale of taxpayers’ property

Category:Uncategorized

The regulations under Sec. 6335, which had not changed substantially since they were first issued in 1954, did not reflect modern electronic methods of submitting bids and accepting payment from bidders.
Source: JOA News
Read More here – Final regs. modernize process for sale of taxpayers’ property


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FASB sets new reporting standards for disclosure of expenses

Category:Uncategorized

FASB published an Accounting Standards Update requiring public companies to disclose additional information about certain expenses in the notes to financial statements.
Source: JOA News
Read More here – FASB sets new reporting standards for disclosure of expenses


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Fraudsters get $47 million from practitioner priority service line scheme

Category:Uncategorized

The losses occurred over an eight-month period ending in April, according to a report from the Treasury Inspector General for Tax Administration.
Source: JOA News
Read More here – Fraudsters get million from practitioner priority service line scheme