Going Concern

MARCH 22, 2024

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. This S**t Is Still Going On? Louis, Missouri.

Minnesota 111

Minnesota cpas audit CPA 111

CPA Practice

MARCH 15, 2024

accounting firm that has secured a substantial investment from a private equity group, after Chicago-based Grant Thornton—the seventh-biggest firm in the nation by revenue—said on Friday it will receive “a significant growth investment” from New Mountain Capital “to accelerate [our] business strategy.”

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Legal Technology New York accounting firms 80

CPA Practice

MARCH 5, 2024

A Top Technology Initiative Article. As business tax season winds down in the US Market, many leading partners have contacted me for strategic technology guidance for 2024 and beyond. Further, extension season for some firms is busier. Do you and your team still complete and file returns? March 2024.

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Technology cpa firm CPA Non-Profits 64

Nancy McClelland, LLC

MARCH 22, 2024

If a taxpayer claimed and received ERC funds, and for whatever reason now realizes that they may not actually have qualified (either for a particular period or for the whole thing) — they can return 80% of the money to the IRS and call it a day. As a result, these scams topped the list of the IRS “Dirty Dozen” in 2023.

Tax 52

Tax tax preparation CPA audit 52

ThomsonReuters

MARCH 25, 2024

Section 174 Capitalization of the Tax Cuts and Jobs Act (TCJA) has created confusion for many corporate tax specialists to work through in the coming months. TCJA changed how research and development expenses are treated for tax purposes, requiring taxpayers to capitalize and amortize those expenses over different time periods.

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Tax Technology audit corporation tax 45

Accounting Insight

MARCH 4, 2024

Continuing its global rollout, the award-winning CCH iFirm is set to transform British tax and accounting practices by improving their efficiency and productivity Wolters Kluwer Tax & Accounting (TAA) has launched CCH iFirm ®, its award-winning cloud-based practice management and compliance software platform, in the U.K.

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Tax Account accountant accounted 59

Going Concern

MARCH 18, 2024

Ruh-oh: Deloitte has launched the biggest overhaul of its global operations in a decade as the Big Four firm seeks to cut costs and reduce the organisation’s complexity in the face of an expected market slowdown. Deloitte employs about 455,000 people globally. Their sub discusses here: Organizational update? r/deloitte discussion here.

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