CPA firm settles with NY AG over data breaches
Wojeski & Co. has reached a $60,000 settlement with New York Attorney General Letitia James after it was hit by two data breaches and ransomware attacks.
5 key questions to calculate the new alternative minimum tax
The One Big Beautiful Bill Act will boost the number of filers who must calculate their AMT. But that doesn’t mean they’re all going to have to pay it.
Armanino acquires Keystone
Top 25 Firm Armanino acquired Keystone Business Services, an Oracle NetSuite provider.
OBBBA and the repurposing of life insurance portfolios
Tax advisors can play a significant role in alerting clients to the availability of various options and strategies for an unneeded life insurance death benefit.
IFAC opens doors to accounting with new principles
The International Federation of Accountants has released a set of principles with the goal of widening access to the accounting profession.
Whistleblowers reach settlement with IRS, DOJ over Hunter Biden case
Gary Shapley and Joseph Ziegler reached settlements with the IRS and the Justice Department, and their lawsuit against Biden’s attorney was dismissed by a judge.
Game developers leverage R&D tax breaks
Video game developers are benefiting from research and development tax credits and recent changes in the rules for deducting R&D expenses.
On the move: Citrin Cooperman names next CFO
IFAC announces new advisory group chairs; TSCPA helps proclaim November as Accounting Opportunities Month in Tennessee; and more news from across the profession.
Tech news: Oracle announces new AI agent offerings
Plus, KPMG hails AI partnerships with Salesforce, Google; and other accounting technology news and updates.
CPA Success Index is DOA: NASBA’s data no longer holds up
While combing through the 2024 data, we found large numbers of candidate scores to be missing, and potentially classified to incorrect colleges or universities, or not reported at all.