During the annual Scaling New Heights conference in Orlando, Joe Woodard warned that AI means accountants must go beyond advisory and analysis to remain relevant.
Day: June 17, 2024
IRS releases FAQs on educational assistance programs
The Internal Revenue Service and the Treasury Department issued guidance answering questions related to educational assistance programs.
M&A roundup: CSH and RKL expand
Clark Schaefer Hackett is adding Rolfes & Swisher; and RKL Virtual Management Solutions is merging in Kauffman CPA.
Tax savings on a healthy yield drive investments in preferred securities
The growing fixed-income products carry some risks, but their returns this year are attracting more financial advisors and their clients, according to experts.
Private equity has big plans for small firms
Investment groups are showing record interest in the field of public accounting, leading many in the profession to look at their options while also looking inward at their business model.
Past SEC head William Donaldson dies at 93
He attempted to help restore confidence in corporate America following a wave of fraud, including the bankruptcies of Enron and WorldCom.
IRS moves to end ‘shell game’ of basis-shifting transactions
The Service said it will release new proposed regulations and a revenue ruling to challenge the use of basis-shifting transactions used by complex partnerships in moves that could add over $50 billion to government coffers over 10 years.