IRS increases tax deductions for 2020
The Internal Revenue Service issued its annual inflation adjustments for dozens of tax items and tax schedules.
IRS increases 401(k) contribution limit to $19,500 for 2020, raises catch-up limit to $6,500
The Internal Revenue Service issued its annual inflation adjustments for retirement plans.
In the blogs: Poor it on
Engagement letters’ fine line; 382 requirements eliminated; owing California; and other highlights from our favorite tax bloggers.
Accounting firms surpass $2B in consulting revenue in China
The consulting practices of accounting firms saw their revenues increase 15.9 percent in 2018 to surpass $2 billion for the first time ever, reaching $2.1 billion, according to a new report.
M&A roundup: Prager Metis CPAs combines with M Moskowitz; HBK IT acquires Unicom Solutions
A pair of mergers in New Jersey involving Top 100 Firms were announced Tuesday.
AICPA honors 17 CPAs at Forensic and Valuation Services Conference
Two Volunteers of the Year and 15 CFFs and ABVs were highlighted for their achievements during the 2019 AICPA Forensic and Valuation Services Conference in Las Vegas.
Accounting networks MGI Worldwide and CPA Associates International to merge
The deal will encompass more than 250 accounting, tax, and advisory member firms in nearly 100 countries.
Grant Thornton taps Bradley Preber as new CEO
Preber succeeded Mike McGuire, who stepped aside in June and took the title of “CEO emeritus.”
From a former revenue officer: How to get your offer in compromise accepted
Here’s some advice on how to draft a winning OIC and bring higher acceptance rates to your practice.
Are soda taxes the answer?
Taxes on sugary drinks can have positive health effects, but they aren’t a panacea.