The Internal Revenue Service has released new procedures for shareholders that want the IRS’s automatic consent for changing to or from the net asset value method of accounting for gains or losses on shares in a money market fund. READ MORE »
Employees see wealth management as a valuable addition to a tax or accounting practice if it’s offered the right way. Watch this video to learn what employees are looking for. CLICK HERE TO WATCH. »
Last month I posted three columns covering CPAs who leave public accounting. They generated widespread interest, but there is a lot more to say. READ MORE »
The American Institute of CPAs has issued two new exposure drafts, including a proposal to update auditing standards surrounding going-concern evaluations. READ MORE »
Boomer Consulting has added Marc Staut, a former principal and chief information officer at Top 100 Firm CohnReznick, to the team as a principal and consultant. READ MORE »
John Sharbaugh, executive director and CEO of the Texas Society of CPAs (TSCPA) and one of Accounting Today’s 100 Most Influential People, was recently announced as a 2015-2016 honorary member of the Society. The award is presented to those eligible not for regular TSCPA membership, but have nonetheless distinguished themselves within the profession on a statewide level. READ MORE »
The Internal Revenue Service has released a new revenue procedure and regulations outlining how organizations can notify the IRS they are operating as tax-exempt social welfare groups under Section 501(c)4 of the Tax Code. READ MORE »
