AICPA proposes independence changes for PE
The possible rule changes would affect the alternative practice structures set up by accounting firms receiving private equity financing.
Financial empathy for CPAs isn’t an oxymoron
Deep in the heart of busy season, you may not be feeling much empathy for clients who have been procrastinating and are so disorganized, but you should.
What’s new in Xero – March 2025 & Quarterly Wrap
It’s been a massive start to 2025! In February, we shared enhancements we’ve made to invoicing. We also heard your feedback, and so now you can automatically prepare partnership annual accounts and tax returns using Xero data and seamlessly file them with HMRC (read more in the previous edition of What’s New). Check out more …
What’s new in Xero – March 2025 & Quarterly Wrap Read More »
CohnReznick makes post-PE plans
The Apax Partners deal will add more capabilities for the firm to expand geographically in its existing areas as well as new territory.
Art of Accounting: 5 reasons for growth failure and what to change
Part of growing is for your staff to also grow. That growth comes when they are empowered to take charge, supervise, and make decisions.
White House establishes Strategic Bitcoin Reserve
The Trump administration’s move will only increase the opportunities in helping manage and audit crypto holdings.
SEC gives guidance on EDGAR
The Securities and Exchange Commission’s new EDGAR system will go live on March 24.
AICPA in discussions with IRS over tax season worries
The American Institute of CPAs is monitoring the situation at the IRS amid reports of heavy layoffs, stressing the need to maintain services during tax season.
The most common errors on tax returns
Everyone knows tax pros don’t make mistakes, but it can’t hurt to doublecheck for these mistakes before filing.
As AI rises in importance, so too does AI governance
Panelists at today’s Schellmancon event said that last year saw a great increase in AI oversight, governance and regulation, and that this trend will likely not only continue but accelerate this year.