In the latest example of accounting firms taking on outside investments, the internationally focused firm has sold a minority stake to an Indian billionaire.
Day: September 16, 2024
Final regs. issued on consistent-basis and basis-reporting rules
The IRS issued guidance for recipients of property from decedents on the basis-consistency requirement and for executors and others on basis-reporting requirements.
TIGTA faults IRS on data security, cloud security
The Treasury Inspector General for Tax Administration, in two reports, critiqued the IRS on cybersecurity for both its data warehouse and its cloud infrastructure.
Art of Accounting: Clients’ changing needs
Find out what the client needs and then figure out how to fill that need.
Francine victims in Louisiana get tax relief
The IRS has postponed payment and filing deadlines for those affected by the storm.
More organizations are turning to AI in the finance function
Research finds a significant increase in the percentage of companies leaning into finance AI, even as many struggle to develop sufficient talent to oversee execution.
3 client scenarios that highlight tax advantages of donor-advised funds
The accounts are expected to grow by another trillion dollars over the next decade because of their tax and flexibility advantages, Daffy CEO Adam Nash said.