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Latest News & Web Pages
FASAB proposes expedient for embedded leases
1+ day, 18+ hour ago (265+ words) The Federal Accounting Standards Advisory Board issued an exposure draft of a proposed Statement of Federal Financial Accounting Standards that would provide a practical expedient when it comes to reporting on embedded leases in federal government contracts. FASAB is asking…...
Lawmaker introduces bill to expand EITC
1+ day, 15+ hour ago (277+ words) Rep. Kristen Mc Donald Rivet, D-Michigan, introduced the Working Parents Tax Relief Act, which would expand the Earned Income Tax Credit by giving parents up to an additional $5, 500 per child under the age of four, for up to a maximum…...
Maryland signs alternative pathway bill into law
1+ day, 18+ hour ago (218+ words) Maryland Governor Wes Moore signed a bill adding an alternative pathway to CPA licensure on Tuesday. The bill earned unanimous support from both the state House and Senate in early April. It was sponsored by Delegates Kriselda Valderrama, Lily Qi…...
Sikich acquires Jefferson Wells
1+ day, 23+ hour ago (251+ words) Top 50 Firm Sikich acquired Milwaukee-based Jefferson Wells from Manpower Group, effective as of April 30. The deal strengthens Sikich's presence in health care, life sciences, manufacturing and distribution and brings expertise in financial services, technology and energy. The transaction was valued…...
First Brands creditor sues auditor BDO over missed red flags
1+ day, 19+ hour ago (701+ words) A lender that owns First Brands Corp. debt sued auditor BDO USA P. C. , alleging it failed to detect problems at the auto parts supplier before it collapsed into bankruptcy and federal prosecutors accused founder Patrick James of fraud. Funds managed by…...
On the move: Aprio taps lead for new data and AI practice
1+ day, 23+ hour ago (126+ words) The law, effective Oct. 1, 2026, will create a third pathway that allows candidates to earn their CPA license with a bachelor's degree, two years of experience and passing the CPA exam. The deal strengthens Sikich's presence in health care, life sciences,…...
NY pied--terre tax needs significant rates to earn $500 M
1+ day, 19+ hour ago (661+ words) Luxury second homes in New York will have to be taxed at a "significant" amount to generate the $500 million of revenue the city is counting on to help close a gaping budget hole, according to a new study from New…...
UK man agrees to plead guilty in 'Singapore Solution' tax case
1+ day, 19+ hour ago (470+ words) A U. K. citizen has agreed to plead guilty over his role in helping Americans use offshore accounts to evade taxes through a scheme known as the "Singapore Solution," U. S. prosecutors said." Roderic Sage has been ordered to be extradited from the U. K. and…...
Avoiding a big tax bill on inherited IRAs
2+ day, 3+ hour ago (881+ words) The 10-year drawdown rule can trigger hefty taxes for heirs. Learn how smart planning can help....
Are you making the most of Linked In?
2+ day, 3+ hour ago (1357+ words) Linked In provides a multifaceted resource to search, network, and post content " but third-party AI tools should be treated with caution....