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Accounting Today

@AccountingToday

Accounting Today, an Arizent brand, is the independent news and information resource for tax and accounting professionals.

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linkhttp://www.accountingtoday.com calendar_today25-02-2009 15:25:13

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Registration is now open for this year's Accounting MOVE Project in conjunction with AFWA conference, with the theme 'Private Equity's Impact on Accounting Career Paths.' trib.al/3oVNJ5s

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All participants in the Internal Revenue Service's Income Verification Express Services program must re-apply to the program by May 1. trib.al/R2w4lnT

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The IRS is getting ready for an onslaught of tax returns arriving by Tax Day on Monday, though many taxpayers will be eligible for automatic extensions due to natural disasters across the country. trib.al/1RGpPsy

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On the move: Sax LLP hires first CIO; CohnReznick LLP launches digital advisory practice; Kruze Consulting and KPMG separately release CEO reports; and more news from across the profession. trib.al/rbUEZGG

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The International Auditing and Assurance Standards Board IAASB and the International Ethics Standards Board for Accountants IESBA both published new strategic plans for the next few years Thursday in coordination with each other. trib.al/Oh4DD2f

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It's important to master the art of timekeeping for government contracting compliance because failure to maintain an acceptable accounting system could result in the withholding of payments from the federal government to a contractor. trib.al/Ny1FWMk

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The path to profitability: How can accounting firms become more profitable when the commoditization of compliance work is forcing fees lower and lower? trib.al/KK1JkaZ

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The IRS threw a curveball at tax pros scrambling to meet the April 15 deadline. On April 9, it updated the 2023 Partner's Instructions for Schedule K-1, adding new compliance burdens for partnerships and corporate partners, says Mark Friedlich Mark Friedlich trib.al/uaZZymq

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The Public Company Accounting Oversight Board has been cracking down on firms and auditors alike, according to a new report. trib.al/UB8miGL

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The bigger the crisis, the more important it is not to let it go to waste, and since the accounting profession has rarely faced a crisis as big as the ongoing staffing crunch, some leading firms are seeing a silver lining to it. trib.al/dF1f2Mx

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In its second case this term involving tax policies affecting financial advisors' clients, the Supreme Court will decide a complex question about life insurance and the value of an estate. trib.al/FmaJNIJ

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The Top Firms of 2024 are emerging from the pandemic in strong position, having recorded double-digit growth in 2023 and found ways to continue boosting their staff and partner numbers. trib.al/rqrdwUv

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A comfortable majority of accountants in the U.S. and U.K. say they use AI at work and, through the technology, have saved hours of labor per week, according to a survey by @Intapp. trib.al/njnEsUq

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In a stipulated agreement to remove a lawsuit seeking millions of dollars in IRS tax refunds from court permanently, LPL Financial dropped its legal case against the government. trib.al/KUr7Weg

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The PCAOB imposed its largest ever penalty of $25 million against KPMG's firm in the Netherlands, in addition to $2 million in fines against Deloitte's firms in Indonesia and the Philippines, accusing the firms of cheating on exams and sharing answers. trib.al/Eqnfw48

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A former interpreter for LA Dodgers baseball player Shohei Ohtani was charged with bank fraud and accused of stealing more than $16 million from the athlete to make thousands of illegal sports bets. The IRS is investigating him and his bookie trib.al/5BDMoBm

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Founder? Owner? President? CEO? Managing partner? You have multiple possibilities when considering which professional title to adopt as you launch your accounting firm. Nellie Akalp of CorpNet CorpNetNellie explains what to consider when selecting one. trib.al/X6CPhNt

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EY is reportedly mulling plans to trim another 100 jobs in its Oceania business in the Australia region, the latest sign of pressure in an industry that spans accounting, audit and consulting. trib.al/CyATeNT

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The International Accounting Standards Board has introduced a new financial performance standard to give investors more readily comparable information about companies' operating profits in one of the biggest changes to IFRS in decades. trib.al/R9Ndj0O

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Allen Weisselberg, the longtime CFO of Donald Trump's real estate company, was sentenced to five months in jail for lying under oath in New York's civil fraud case against the former president. It's Weisselberg's second time behind bars. trib.al/bQKvtbd

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