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By Kelley R. Taylor, Kiplinger Consumer News Service (TNS) NBA finals Game 2 is in the books, and many people who tuned in to see the Miami Heat tie the series with the Denver Nuggets are probably not wondering what a jock tax is. But the NBA Finals—and other sporting events—are connected to taxes in a big way. That’s partly due to a lucrative income tax imposed by all but five states known as the “jock tax.
More than 3,500 accounting, tax and financial professionals convened in Las Vegas this week for the 2023 AICPA/CIMA Engage Conference, the largest annual educational and network event hosted by the American Institute of CPAs and the Chartered Institute of Management Accountants. Following a welcome by AICPA CEO Barry Melancon in advance of the first keynote speaker, the conference chairman Martin Flynn announced the attendance figures, and added that an additional 750 professionals were joining
For two years now, PwC UK chairman Kevin Ellis has been trying to get people back into the office. In 2021, he said he wanted to “ create a buzz around returning to the office ,” luring his people back with the promise of human contact we were all starved for in 2020. Launched a year after the pandemic began, the firm also came up with “The Deal,” an ominously-named framework built on ‘Empowered Flexibility’ that trades leaving early on Fridays in the summer i
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
State CPA Society News & Updates is a round-up of recent announcements and initiatives by CPA associations in the United States and its territories. The Massachusetts Society of CPAs ( MassCPAs ) recently launched a scholarship to honor the legacy of current Society President and CEO Amy A. Pitter. The Amy A. Pitter Presidential Scholarship will to honor the legacy of Pitter, who is set to retire on December 31, 2023.
A government contractor Material Management and Accounting System (MMAS), as outlined in Defense Federal Acquisition Regulation Supplement (DFARS) 252.242-7004 , is a system for planning, controlling and accounting for the acquisition, use, issuance and disposition of material. It is under the cognizance of the Defense Contract Audit Agency (DCAA) and geared towards a contractors’ manufacturing planning and production.
According to an analysis by workforce intelligence firm Revelio Labs, the Big Apple pays big money to those who work in accounting and human resources, Bloomberg reported. The salary data provided by Revelio was adjusted based on median income levels in cities, according to Bloomberg. The analysis found that New York is the best-paying city for accountants, with an adjusted salary of $95,308.
According to an analysis by workforce intelligence firm Revelio Labs, the Big Apple pays big money to those who work in accounting and human resources, Bloomberg reported. The salary data provided by Revelio was adjusted based on median income levels in cities, according to Bloomberg. The analysis found that New York is the best-paying city for accountants, with an adjusted salary of $95,308.
Hello and welcome back to another fabulous week. Here’s what’s going on. PwC Australia has named all 67 people involved in the confidential tax leak in an unpublished letter to lawmakers ahead of parliamentary hearings later this week. Jan Bouwens, Professor of Accounting, Amsterdam Business School, Amsterdam, Netherlands writes a letter to Financial Times suggesting the troubled tax division could learn a thing or two from audit: It is clear that the internal controls of PwC tax Aus
Professionals on the Move is a round-up of promotions and hiring announcements in and around the accounting profession. FORVIS adds Michael Shekel to forensics and valuation team in Washington, D.C. marke t FORVIS recently welcomed Michael Shekel as a managing director with the firm’s forensics and valuation team. Shekel joins the firm with more than 20 years of experience, focused primarily on valuation services.
Our CEO, Jason C. Melillo, Assurance & Advisory Principal, Keith Hamasaki, Assurance & Advisory Director, Steve Chhuor, Assurance & Advisory Manager, Rebecca Hickle, and Assurance & Advisory Senior, Jing Yin, is representing KROST at the AICPA ENGAGE23 Conference. The four-day event is taking place at the ARIA in Las Vegas from June 5th-8th.
Risk management is a critical aspect of any successful business, and organizations of all sizes strive to identify, evaluate, and mitigate potential risks that could impact their financial stability, operations,
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
In a feature with Business Insider, Intuit CEO Sasan Goodarzi discusses how tech layoffs since 2022 resulted from companies misunderstanding the pandemic.
With the closure of Assessment proceedings of Service Tax and VAT and 5 years have elapsed since the implementation of GST , now the department has initiated scrutiny of GST returns and most of the taxpayers are in receipt of various notices and orders from GST authorities in form GST ASMT-10 , GST DRC-01, Notice from Anti-evasion etc. We understand that receiving any notice from GST Authorities creates a situation of panic for the taxpayer even though he is legally complied.
How well is your small business actually faring? How deep and intricate is your knowledge of your own business? What information do you have available to make better decisions and grow your business with confidence? It’s all too easy to coast along making knee jerk decisions or wild assumptions about your own business. Sure, you might have a pretty decent idea of what’s going on under the surface, but do you really know?
CBIC issued Standard Operating procedure ( SOP ) for scrutiny of returns u/s 61 of CGST Act read with Rule 99 of CGST Rules , 2017 for FY 2017-18 and FY 2018-19 through Instruction No. 02/2022- GST dated March 22, 2022. However, It was mentioned in the instructions that the SOP was a temporary solution until an online Scrutiny Module for scrutinizing returns is made available on the ACES-GST application.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
The consulting practices at seven of the biggest accounting firms in the U.S. are among the 50 best in the world, according to a new ranking. Business news and analysis website The Consulting Report last month released its ranking of the top 50 consulting firms of 2023 , which it said “highlights the world’s most trusted and influential professional services firms.
Roz Strategies CEO Michael Rozbruch steps into the tax preparation space with some timely tips on why it might be time to get paid more for what you do.
By Stephanie Vozza, Fast Company (TNS) Résumés are fairly cut-and-dry documents. Following the traditional “template” helps you convey your background and essential skills in a way that’s easily grasped by a hiring manager. But coloring inside the lines too closely could result in a résumé that’s a yawner. “I read résumés and cover letters daily and there are usually a couple handfuls of those that are unique and different and pull me in, making me want to interview this person,” says Cheryl Hya
Do you want to avoid jumping back and forth between different software applications to manage your business’s finances? Do you wish to streamline your accounting processes and improve your decision-making capabilities? If so, then accounting system integration is the solution you may be looking for. By integrating accounting software with other business applications, you can automate data entry, reduce errors, and get real-time insights into your business’s financial performance.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Top 20 accounting firm Marcum said on Monday that it has combined with Blue Bell, PA-based CPA firm McCarthy & Company, in a deal that closed on June 1. Terms of the deal were not disclosed. Marcum gained approximately 70 partners and associates from McCarthy, whose existing offices in Blue Bell and Tinton Falls, NJ, have become Marcum’s newest regional locations.
GASB 96, Subscription-Based Information Technology Arrangements (SBITA) is effective for years beginning after June 15, 2022, just one year after GASB 87, Leases. This course focuses specifically on the implementation challenges we’re seeing in our advisory implementation work and questions received from our audit teams. Cherry Bekaert has reviewed over a thousand SBITAs and we will use this knowledge to show how the language in these SBITA contracts impacts GASB 96 determinations.
Top 25 accounting firm Cherry Bekaert has acquired New Orleans-based Legier & Company, a boutique forensic and litigation consulting firm that specializes in forensic accounting, business interruption services, expert witness testimony, and dispute advisory services. Terms of the deal were not disclosed. “Legier, one of the most experienced firms in Louisiana, will help solidify our forensic accounting and dispute resolution practice area,” Michelle Thompson, CEO of Cherry Bekaert Advisory,
If you were searching for financial statement fraud, what would you look for? Tracy talks about some of the basic/common signs you might see if Tracy Coenen teaches about some basic signs of financial statement fraud.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
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