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Platform Accounting Group gets $85M funding round

Accounting Today

The Utah-based company that invests in and acquires small accounting firms has received an $85 million minority funding round to support its expansion.

Utah 66
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Accounting Students from University of Nebraska Win 2024 Deloite FanTAXtic Competition

CPA Practice

The Deloitte FanTAXtic case competition provides an exceptional platform for our students to cultivate invaluable relationships with peers, faculty and professionals at Deloitte while gaining practical experience,” said Kay Maresh, assistant professor of practice in accountancy, University of Nebraska, Lincoln.

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Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S.

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Miami Businessman Charged With Hiding Millions in Swiss Bank Accounts, Evading Taxes

CPA Practice

government by hiding millions of dollars in Swiss bank accounts and lying to the IRS about his foreign assets for decades, according to federal authorities. bank accounts and real estate properties. Three years later, the IRS began auditing Rotta after obtaining evidence of unreported foreign financial accounts. But then in U.S.

tax 52
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FDIC Approves Square For Banking License

PYMNTS

The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). The headquarters will be in Salt Lake City, Utah. The new bank anticipates opening next year.

Utah 110
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Grant Thornton and Five Other Firms Got Coal in Their Stockings From the PCAOB

Going Concern

If a PCAOB-registered accounting firm is a defendant or respondent in an administrative or disciplinary proceeding that was initiated by another regulator, that firm has to let the PCAOB know by filing Form 3, Special Report , within 30 days after the event. KCCW Accountancy Corp. – $20,000 civil money penalty and censure.

Utah 60
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Professionals on the Move – Dec. 2023

CPA Practice

Johnny Welborn, Texas Elite 25 Teresa Barton, Utah Jeri Beckham, Texas Frank Calise, Ariz. Teresa Barton, Utah Farooq Bawa, Ill. Amie Fuller, Utah Michelle Gillespie, Pa. He earned his bachelor’s degree in business administration from the Principia College and completed accounting courses at the University of Missouri (St.

Iowa 52