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Latest News & Web Pages
JPMorgan sees higher NYC downgrade risk amid tax pushback
14+ hour, 39+ min 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
16+ hour, 56+ min 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
13+ 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
14+ hour, 50+ min 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
18+ hour, 56+ min 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…...
Trump seeks to woo seniors by touting tax law, drug cost push
16+ hour, 10+ min ago (684+ words) President Donald Trump argued that his economic agenda had delivered for older Americans and lowered their costs of living as he sought to rally their support before November's midterm elections. Trump on Friday took his economic pitch to The Villages…...
New paths to growth
16+ hour, 29+ min ago (591+ words) Your firm won't grow just because you want it to; it requires the kind of disciplined, intentional approach that Jane Woodling, marketing director of Marketri, lays out in this episode. Thanks, Dan. Great to be here. Yeah, this is a…...
FASAB proposes expedient for embedded leases
3+ day, 14+ 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
3+ day, 11+ 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
3+ day, 14+ 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…...