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Latest Articles
Hall expands into dental industry
12+ hour, 40+ min ago (317+ words) Hall CPA acquired Tooth & Coin, an accounting, tax and advisory firm that works exclusively with dental practices, marking its first acquisition as it expands into a new industry. Tooth & Coin, based in Little Rock, Arkansas, was founded in 2013 by Jonathan…...
Paystand agents now generally available
12+ hour, 40+ min ago (163+ words) Digital payments solutions provider Paystand announced the general availability of its agentic finance suite, which brings AI agents into accounts receivable, spend management and reporting on its B2B payment network. "Agentic finance does not mean giving software unlimited authority," Almond said....
Acquisitions could be solving the succession crisis, so why aren't they?
14+ hour, 54+ min ago (911+ words) An AICPA survey conducted in 2020 found that 26% of single owners and sole practitioners were planning to retire within the next five years. Today those partners have either hung up their hats and left a critical role to be filled, or…...
Why accounting firms should benchmark their hiring
1+ day, 14+ hour ago (805+ words) It's no secret that accountants love benchmarking. Internally, accounting firms benchmark their revenue per employee or productive hours against industry averages because benchmarking provides context. Yet few apply the same discipline to one of their biggest investments: their people. Recruiting…...
When a client's mailbox is sending fake invoices, the password reset is only the beginning
1+ day, 16+ hour ago (188+ words) Sooner or later a practitioner gets the call. A client's vendors, or the client's own customers, are receiving invoices and payment-change requests from an address inside the client's company, and nobody there sent them. The messages read correctly. They reference…...
GST Council Meeting Rescheduled To October 7 Due To BRICS Summit
2+ day, 26+ min ago (469+ words) The 57th GST Council meeting, earlier scheduled for September 12, has been postponed to October 7 due to the BRICS summit being hosted by India in New Delhi, PTI reported, citing sources. The BRICS summit is scheduled for September 12-13 and is expected to…...
On the move: RKL installs new CEO
4+ day, 15+ hour ago (148+ words) Mike De Stefano has taken the helm at RKL; The Bonadio Group named Cailee Medina its new chief human resources officer; Rea appointed Tory Spadafora its first-ever chief growth officer; and other firm and personnel news from across the profession....
What offshoring vendors don't want you to know
4+ day, 15+ hour ago (266+ words) Confronted by a chronic talent shortage, fee compression and ever-increasing workloads, more U.S. accounting firms are turning to offshore talent. In earlier columns I've talked about the payoff from offshoring when it's done patiently and correctly. But there are some things…...
Tax Fraud Blotter: Keep on truckin"
5+ day, 3+ hour ago (1210+ words) Philadelphia: Daniel A. Pallen, 46, of Springfield, Pennsylvania, entered a plea of guilty to one count of tax evasion and one count of mail fraud, arising from his submission of over $400,000 in fictitious checks to evade payment of his federal taxes and…...
First Amendment Sense and Sensibilities: Statement on Proposed Rescission of Pay-to-Play Rule
5+ day, 16+ hour ago (308+ words) Today, the Commission proposed to rescind Investment Advisers Act rule 206(4)-5, the investment adviser “Pay-to-Play Rule.” I am thrilled that we are proposing to eliminate rather than simply amend the rule, which always has bothered my First Amendment sensibilities.[1] Political speech…...