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COUNTERPOINT: IRS Should Not Be Trusted With Direct File

CPA Practice

The IRS wants to eliminate Americans’ reliance on private-sector tax-preparation services. In addition to the pilot program’s dubious legality, there are many fiscal and prudential reasons not to trust the IRS with this new responsibility. Neither does a Direct File system seem likely to provide a valuable service to taxpayers.

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Are There Conflicts of Interest Between the IRS and Accounting Firms?

CPA Practice

The watchdog found that the IRS primarily relies on individual self-reporting, which includes disclosures of potential conflicts of interest in work assignments either through an employee’s annual reporting or elevating a concern to their manager or General Legal Services, TIGTA said.

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The New Chief Legal Counsel at the IRS Really Sucks at Burning Bridges

Going Concern

Should you quit during busy season? While the consensus used to be that quitting during busy season makes you a tremendous piece of s**t without exception , attitudes toward bailing at the worst possible time have changed over the years. She has decades of tax and management experience, both in the private sector and in public service.

Legal 87
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Baker Tilly Gets Big Private Equity Boost From H&F and Valeas

CPA Practice

Baker Tilly said on Monday it has received a “significant investment” from private equity firms Hellman & Friedman and Valeas Capital Partners in what the top 10 accounting firm says is the largest private equity investment in the CPA sector thus far.

CPA 64
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ECOMMERCE KEY CHALLENGES

Menzies

In the ever-evolving landscape of ecommerce, the sector continues its upward trajectory, with global online sales consistently on the rise. Businesses are embracing omnichannel strategies, integrating online and offline channels to provide seamless shopping experiences.

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Elevating Your Business Through Security Training

CPA Practice

By Dr. Sangeeta Chhabra Here’s a sobering stat for accountants and business owners alike: 74% of data breaches occur due to human errors, encompassing mistakes, privilege misuse, stolen credentials, or social engineering. Outstanding data security stands as a fundamental pillar of any successful business—undoubtedly so, your firm included.

Education 122
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Mastering Labor Challenges Can Drive Growth for CPA Firms

CPA Practice

The sector is at an inflection point with staffing challenges – one that offers both risk and opportunity. They want to spend less time on monotonous work and instead access the technology, automations, and resources to become a trusted business advisor and make work easier and more fulfilling.

cpa firm 122