Firms on the move: BlumShapiro voted Hartford’s Best CPA Firm

RSM announces 10 scholarship recipients; Calibre CPA Group establishes a Women’s Initiative Network; and more news from CPA offices across the country.


Tax Fraud Blotter: Cover their assets

Fake financial instruments, 26 states and $9 million, and other highlights of recent tax cases.


Wilkin & Guttenplan merge in Gail Rosen’s CPA firm

Wilkin & Guttenplan, P.C. is adding Gail Rosen, CPA PC, an accounting firm in Somerset County, N.J., effective June 1, 2017.


Shrinking your firm to make it stronger and more profitable for the future

Many firm leaders do not truly appreciate that CPA firms are in the business of public accounting and consulting to generate handsome profits and an attractive ROI for the equity partner group.


IRS employee indicted for identity theft

A grand jury in Georgia has indicted an Internal Revenue Service employee for stealing taxpayers’ identities and filing for tax refunds with their names.


NYSSCPA to hold free 'Financial Planning Day' for public

The New York State Society of CPAs’ 4/28 event is part of their educational “Get Money Smart” campaign.


Elizabeth Warren questions PCAOB about KPMG audits of Wells Fargo

Senators ask the Public Company Accounting Oversight Board about auditing rules in the wake of a high-profile scandal involving the opening of millions of customer accounts.


Trump’s tax plan could be painful for New York, New Jersey and California

President Donald Trump’s tax overhaul plan was short on specifics, but one proposal was clear enough to draw howls from residents of high-tax states. The plan would end deductions of state and local taxes from federal income taxes. Those are by far the biggest deductions for many taxpayers.


Millennials are more likely to fall for an IRS scam

“You must pay your taxes immediately, or else,” an ominous voice on the other line says before demanding a credit-card number. Most Americans roll their eyes and hang up on these scam calls, but thousands have fallen victim, and millennials are more susceptible than older generations, a new study finds.


You’ve named a successor for MP. Now what?

Accounting firms need to start building detailed succession plans to fill potential staffing gaps at all levels.