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Latest News & Web Pages
Sorren adds Hess & Rohmer
13+ hour, 50+ min ago (293+ words) Hess & Rohmer was founded in 1999 by Brian Hess and Melody Rohmer, taking a relationship-driven approach to client service. Financial terms of the deal were not disclosed." "From the beginning, it was clear our firms share a common approach to serving…...
SEC charges ADM $40M for accounting, disclosure fraud
16+ hour, 57+ min ago (331+ words) The SEC also settled an order against ADM, Vince Macciocchi and Ray Young, finding that the two former executives made similar adjustments in 2021 and 2022, and that Young negligently approved improper adjustments in 2019 and 2021." The order creates a Fair Fund to…...
Mamdani pushes for tax hikes on wealthy New Yorkers to fill budget gap
19+ hour ago (734+ words) Mayor Zohran Mamdani is amping up pressure on Governor Kathy Hochul to hike taxes for the richest residents and corporations, asking the state to send billions more in aid to New York City as he faces mounting budget holes." Mamdani,…...
An Introduction to 529 Plans - Investor Bulletin
21+ hour, 9+ min ago (810+ words) The SEC's Office of Investor Education and Assistance is issuing this Investor Bulletin to provide investors with background information on 529 plans.Please also seeour companion Bulletinfor a few questions to consider before opening a 529 plan account. What is a 529 plan?...
Will FM Sitharaman Scrap The Old Tax Regime In Budget 2026-27? What Tax Expert Says
1+ day, 1+ hour ago (666+ words) Old Tax Regime Vs New Tax Regime: As Union Budget 2026-27 draws closer, taxpayers are hoping for tax relief and additional exemptions. At the same time, speculation has intensified over whether the government may finally phase out the old income tax…...
Small firms: Stop trying to serve everyone
1+ day, 16+ hour ago (908+ words) For many small accounting firms, growth advice often sounds the same: offer more services, attract more clients, expand your reach. But in today's crowded and increasingly commoditized accounting market, that approach can quietly undermine profitability, clarity and long-term sustainability. Instead,…...
Maryland CPAs lobby for licensure changes
1+ day, 19+ hour ago (307+ words) The Maryland Association of CPAs visited the state capital in Annapolis to lobby for changes to CPA licensure and other laws." During the MACPA's annual CPA Day, nearly 100 CPAs advocated for four key issues: supporting an additional pathway to licensure,…...
Transforming invoice management with AI
1+ day, 19+ hour ago (448+ words) A transformative solution is on the rise: detect-and-suggest capability powered by artificial intelligence. This approach fits smoothly into the purchase-to-pay workflow, automating the reading and validation of invoices against existing ERP and tax rules. By offering suggestions for common issues…...
1 in 3 retirees faces an RMD tax penalty. Here's how advisors help fix it
1+ day, 22+ hour ago (822+ words) For many financial advisors, the required minimum distribution (RMD) is often treated as a minor, once-a-year administrative task. But for roughly 1 in 3 RMD-age clients who either missed a distribution or withdrew too little, that oversight can turn into a costly…...
Billionaire Tom Steyer says he'd vote for California wealth tax
1+ day, 22+ hour ago (418+ words) Billionaire Tom Steyer came out in favor of a proposed tax on California's wealthiest residents, adding a prominent voice to a debate that has divided top Democrats and rattled Silicon Valley's elite." Steyer, who is running for California governor, said…...