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Monday Morning Accounting News Brief: Deloitte Using Scary Words Now; Have Some Self Respect, My Guy | 3.18.24

Going Concern

Under the plan, Deloitte’s main business units will be cut to four — audit and assurance; strategy, risk and transactions; technology and transformation; and tax and legal — from the five the firm has had since 2014. In 2022 it was even fined twice in one day for audit failures at the construction companies Kier and Galliford Try.

Account 90
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Professionals on the Move – August 2023

CPA Practice

The new promotions touch the firm’s offices in both Pittsburgh and Columbus, and they reach across several areas of the firm’s service offerings, including the firm’s Tax, Audit and Consulting practices, as well as the Merger and Acquisitions/Transaction Advisory practice. Deatrick joined the firm in 2009.

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Factors to Consider When Seeking Cost Segregation and Section 179D Study Service Providers

Cherry Bekaert

These studies help to recover costs from facility purchases or construction while also reducing their tax liabilities. A cost segregation study segregates a building’s assets into specific allocation and depreciation periods for income tax purposes. Residential properties have a tax life of 27.5

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Cannabusiness Tax Liabilities and How to Navigate Filing

CPA Practice

147 ensured that these critical costs incurred by cannabusinesses be classified as deductibles for income tax purposes. Schafer, CPA, is a partner in The Bonadio Group ’s Small Business Advisory Division with more than 23 years of public accounting experience in both audit and tax.

Tax 111
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Key In on Improved Home Energy Credits 

CPA Practice

Improvements to newly constructed homes don’t count. Residential Clean Energy Credit: Taxpayers who invest in energy improvements for their main home, including solar, wind, geothermal, fuel cells or battery storage, may qualify for an annual residential clean energy tax credit. Also, the credit is nonrefundable.

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JHM Merges in CPA Firm Harting, Bishop & Arrendale

CPA Practice

JHM’s added presence in the Cleveland market will bring Cleveland-area companies additional expertise in construction, manufacturing, not-for-profit, real estate, health care, and governmental sectors, as well as additional layers of advisory services for companies, nonprofits, municipalities, and individuals.

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Schneider Downs Announces Seven Additions to Ownership Group

CPA Practice

The new promotions touch the firm’s offices in both Pittsburgh and Columbus, and they reach across several areas of the firm’s service offerings, including the firm’s Tax, Audit and Consulting practices, as well as the Merger and Acquisitions/Transaction Advisory practice. Deatrick joined the firm in 2009.