Prager Metis to pay $1.95M for FTX audits, independence violations
The firm agreed to settle charges with the SEC over negligence for its work for the now shuttered crypto exchange.
Tax planning for the unknown
Between the coming sunset of the Tax Cuts and Jobs Act, the presidential election and a host of other factors, this is shaping up to be a tough year for advising clients.
Xero to acquire Syft to enhance reporting and insights capability
We know how important it is for small businesses to have access to powerful insights to help them run their business better, no matter the economic environment they’re facing. To accelerate our mission to provide powerful insights, we are thrilled to share that Xero is acquiring Syft, a leading global cloud-based reporting, insights and analytics …
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KNAV takes on investment from India
In the latest example of accounting firms taking on outside investments, the internationally focused firm has sold a minority stake to an Indian billionaire.
TIGTA faults IRS on data security, cloud security
The Treasury Inspector General for Tax Administration, in two reports, critiqued the IRS on cybersecurity for both its data warehouse and its cloud infrastructure.
Art of Accounting: Clients’ changing needs
Find out what the client needs and then figure out how to fill that need.
Francine victims in Louisiana get tax relief
The IRS has postponed payment and filing deadlines for those affected by the storm.
3 client scenarios that highlight tax advantages of donor-advised funds
The accounts are expected to grow by another trillion dollars over the next decade because of their tax and flexibility advantages, Daffy CEO Adam Nash said.
Our journey to new invoicing: an update from Diya Jolly, CPTO
I wanted to reach out personally, as we officially retire classic invoicing in November after more than a year of transitioning. While we’re thrilled to introduce even more features on our new invoicing platform, I know this change has been difficult for some of our customers. I thought it might be helpful to share a …
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Treasury, IRS propose rules on excluding Tribal general welfare benefits from income
The Treasury Department and the Internal Revenue Service issued a Notice of Proposed Rulemaking on Friday to implement Section 139E of the Tax Code, created by the Tribal General Welfare Exclusion Act of 2014, excluding from gross income the value of any Tribal general welfare benefit.