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Monday Morning Accounting News Brief: PwC Consolation Prizes; Al Pacino’s Accountant Ripped Him Off | 10.21.24

Going Concern

.” Further, 63% of government respondents agreed that the technical expertise required of CPAs in the public sector had a large or moderate impact on the challenge of hiring and retaining qualified professionals. A public accountant from the firm will be on contract until December to help Sturgis get caught up with their finances.

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Therabody Eases Pain of Complex Global Tax Compliance with Avalara

CPA Practice

As a result of South Dakota v. OBannon Accounting June 25, 2025  LeaseCrunch Rebrands as Crunchafi—a Broader Vision for CPA Firms Crunchafi (pronounced crunch-uh-fy) blends the legacy of “crunching numbers” with a forward-looking focus on accounting and financial intelligence. Wayfair, Inc.

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What’s new in sales tax?

TaxConnex

South Dakota cut its state sales tax rate from 4.5% The failure to file was based on the advice of a CPA employed by the taxpayer, who subsequently hired a new CPA firm and began correctly filing state returns for both sales tax and corporate income tax. The enhanced its map of sales and use tax lookup rates.

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Sales Tax Disputes Continue as Wayfair Sales Tax Decision Hits Six-Year Anniversary

CPA Practice

June 21, 2024, marked the sixth anniversary of South Dakota v. South Dakota v. The case stemmed from a 2016 South Dakota economic nexus law requiring certain out-of-state sellers to collect and remit South Dakota sales tax as if they had a physical presence in the state. By Gail Cole.

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The Hidden Gem to Firm Growth and Smoother Operations

CPA Practice

CPA firms constantly seek ways to boost efficiency, enhance client satisfaction, and drive growth. While technology and strategies play crucial roles, one often overlooked element can be the key to unlocking your firm’s full potential: document management.

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Wealth Management Firm Buys BerganKDV in ‘First of Its Kind’ Deal

CPA Practice

While private equity firms getting into bed with accounting firms has been all the rage lately , the Creative Planning/BerganKDV deal is believed to be the first involving a wealth management firm purchasing a large CPA firm. Yesterday’s] deal is a first of its kind in the accounting profession!

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Wealth Management Firm Buys BerganKDV in ‘First of Its Kind’ Deal

CPA Practice

While private equity firms getting into bed with accounting firms has been all the rage lately , the Creative Planning/BerganKDV deal is believed to be the first involving a wealth management firm purchasing a large CPA firm. Yesterday’s] deal is a first of its kind in the accounting profession!