Corporate AMT rules bring complications
The IRS and the Treasury proposed regs on the corporate alternative minimum tax on companies with over $1 billion in income, but those rules could impact much smaller companies as well.
Intuit cuts TurboTax ad after tax pros object
The National Association of Tax Professionals criticized an ad promoting Intuit’s TurboTax full-service option, saying it encouraged taxpayers to leave their professional preparers.
AICPA objects to IRS partnership basis-shifting guidance
The American Institute of CPAs sent a comment letter to the Treasury Department and the Internal Revenue Service objecting to guidance on basis-shifting involving partnerships and related parties.
Art of Accounting: System changes
Changes are only accomplished if the firm leaders are committed to improvements.
Cherry Bekaert adds ArcherPoint
The Top 25 Firm has acquired the Georgia-based Microsoft reseller, as well as an affiliated software developer.
RSM US and UK plan to combine
Allowing for regulatory approvals and other hurdles, the two firms hope to become a single firm by the end of 2025.
AI: Solving old drudgery, creating new drudgery
New technology has a habit of fixing old problems but creating new ones in their place, and AI is unlikely to be an exception.
The new drudgery
Once AI handles all the boring and unpleasant tasks for accountants, what boring and unpleasant tasks will replace them?
On the move: Centri hosts Community Collaboration Day
Baker Tilly names chief growth officer; Marcum and KPMG release surveys; and more news from across the profession.
Tech news: Center rolls out “Insights for Travel”
Plus, Paystand enhances support for Microsoft Dynamics; and other accounting tech updates.