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Latest News & Web Pages
HBK acquires BB&K
1+ hour, 48+ min ago (327+ words) Hill, Barth & King acquired Tampa-based BB&K, effective as of May 1. The deal expands the Top 50 Firm's presence in Florida. BB&K adds 22 professionals to the team, and its managing partner, Donald Keyes, will join HBK as principal and market…...
CFO salaries jump as tenure narrows
2+ hour, 10+ min ago (449+ words) CFO salaries have surged at the biggest companies in the U. S. , but the job has become one of the least secure in" the executive ranks, according to a new study. The study analyzed 10, 024 SEC proxy filings from America's 1, 991 largest public companies…...
IRS backdated some tax penalty approvals
2+ hour, 20+ min ago (472+ words) The report, released Tuesday by the Treasury Inspector General for Tax Administration, reviewed the IRS's compliance with a section of the Internal Revenue Code requiring supervisors to sign off on approvals before levying certain tax penalties in the wake of…...
SEC rule to end Biden-era climate policy sent to White House
2+ hour, 20+ min ago (357+ words) The White House is reviewing a proposal from the Securities and Exchange Commission to formally end Biden-era climate disclosure rules for publicly-traded companies." The regulator sent the measure to the White House's Office of Management and Budget for review on…...
SEC drops accounting fraud case against ex-Iconix CEO
6+ hour, 19+ min ago (425+ words) The Securities and Exchange Commission will drop a long-running lawsuit against the founder of apparel licenser Iconix Brand Group that accused him of inflating the company's revenue and earnings more than a decade ago. The SEC told a federal judge…...
JPMorgan sees higher NYC downgrade risk amid tax pushback
1+ day, 5+ hour ago (584+ words) New York City's risk of seeing a credit-rating downgrade has increased, according to JPMorgan Chase & Co. strategists. As New York State looks less likely to approve major personal and corporate tax hikes that would help the city overcome its expected…...
401(k) credit may need nudge from advisors and CPAs
1+ day, 8+ hour ago (121+ words) With about 41 million American workers lacking access to a retirement plan through their jobs, experts say advisors could play a pivotal role....
SEC semiannual reporting proposal clears White House review
1+ day, 4+ hour ago (470+ words) A Securities and Exchange Commission plan to let public companies cut quarterly disclosures to twice a year moved closer to reality after passing a White House review. The review, completed earlier this week according to a government website posting, will…...
55 must be the new 65 for succession planning
1+ day, 5+ hour ago (1199+ words) For years, CPA firm owners operated from a familiar assumption: Build the firm, work hard and begin thinking seriously about transition sometime around age 65. That timetable once felt reasonable but, in today's environment, it's often too late. The demands of…...
Accounting's AI arms race
1+ day, 10+ hour ago (1089+ words) Artificial intelligence isn't going anywhere, and firm leaders are in an arms race to adopt the technology. "We view AI as a force multiplier " not a replacement " for our professionals," said Russell Shinsky, managing partner at Anchin in New York…...