GOP lawmakers reintroduce bill to repeal CTA
Sen. Tommy Tuberville and Rep. Warren Davidson reintroduced legislation to repeal the Corporate Transparency Act and its beneficial ownership information reporting.
Guiding clients through the tax implications of a divorce
The emotionally and financially taxing process of a separation demands careful planning, multifaceted form-filing to the IRS and, probably, an advisor for each spouse.
KLR merges in Sullivan Bille
Boston-based Top 100 Firm KLR has added Sullivan Bille P.C., based in Andover, Massachusetts.
IRS proposes regs for corporate splits, reorgs
The IRS and the Treasury Department issued proposed regs and reporting requirements for multiyear corporate separations and a draft form.
IESBA plans standards for firm culture, governance
The International Ethics Standards Board for Accountants plans a standard-setting project on accounting firm culture and governance in response to a new report.
AICPA updates digital assets practice aid
The American Institute of CPAs updated its aid on accounting for and auditing digital assets in response to changes in accounting standards.
Tax automation tools top firms’ wishlists
A survey from Wolters Kluwer found that accounting firms are planning major tech investments in 2025.
In the blogs: Buzzing sounds
Flat tax; doubts about ‘automatic’ IRS calculations; when to shred; and other highlights from our favorite tax bloggers.
Insero takes on PE investment
Rochester, New York-based Insero Advisors has received a strategic investment from Rallyday Partners, to accelerate the firm’s growth.
Springline Advisory invests in Fiske Advisory
Springline Advisory, a financial and advisory firm backed by the private equity firm Trinity Hunt Partners, has partnered with South Florida-based Fiske.