CPA Practice
NOVEMBER 29, 2023
Chicago-based accounting firm NDH Advisors has acquired Leawood, KS-based tax and accounting firm Stratus Group. Established in 2002, Stratus provides tax and outsourced accounting services to high-net-worth individuals and small businesses. Terms of the deal were not disclosed.
TaxConnex
MAY 7, 2024
Supporters, including brick-and-mortar retailers, reportedly said that the 8% rate for internet sales put them at a disadvantage as many of them operate in communities with higher combined sales taxes. Sales and use will be the inaugural tax to be serviced. Voters throw a huge block.
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Going Concern
SEPTEMBER 18, 2023
This next wave of hiring will help the IRS add key talent like tax accountants to help reverse a decade-long decline of audits for the wealthy as well as complex partnerships and corporations. These new employees will be focused on higher-income and complex tax areas like partnerships, not average taxpayers making less than $400,000.”
CPA Practice
JANUARY 30, 2024
NDH Advisors has acquired Houston-based CPA firm Jain & Jain—the second transaction the Chicago accounting business has made in as many months. NDH’s first foray into M&A was last November when it acquired Leawood, KS-based tax and accounting firm Stratus Group. Terms of the deal weren’t disclosed.
TaxConnex
JUNE 9, 2022
Exempting groceries from sales tax as American families struggle with inflation and other economic woes is politically tempting. Kansas and Tennessee just became the latest states to green light such exemptions. million in taxes a year on the sale of groceries. Texas sales tax revenue totaled $3.83 Food for thought.
ThomsonReuters
FEBRUARY 15, 2023
Accountants who help clients effectively manage property taxes can further strengthen their role as a trusted advisor. As a significant source of state and local revenue in the United States, the importance of property taxes is not to be underestimated. Johnson County then appealed to the state Court of Appeals.
Going Concern
JANUARY 19, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. And take our 2024 Predictions for the Accounting Profession survey ! Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
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