Abdo, Eick & Meyers launches a technology and data solutions services group; LBMC adds five shareholders; and more CPA news.
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Daily Briefing
June 15, 2020
Upcoming Events June 15, 2020
Daily Briefing
People & firms on the move: Baker Tilly appoints MP of innovation
By Danielle Lee
Abdo, Eick & Meyers launches a technology and data solutions services group; LBMC adds five shareholders; and more CPA news.
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How are companies navigating the return to work?
Work hasn’t stopped but it certainly has changed as companies navigate new business conditions resulting from the coronavirus pandemic. When you complete our confidential survey to help us understand if, how, and when businesses will resume normal activities and work routines, we will donate $10 to Direct Relief.
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M&A roundup: Prager Metis and KLR expand
By Michael Cohn
Prager Metis CPAs expanded in New Jersey by combining with William J. Keephart, CPA PA; and KLR Executive Search Group merged in Next Exec.
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IRS extends dates on balance due notices amid coronavirus
By Michael Cohn      3 min read
The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic.
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QuickBooks boosts reports for accountants, upgrades Enterprise edition
By Ranica Arrowsmith      2 min read
The June QuickBooks update has brought bolstered reporting capabilities for QuickBooks Online and QBO Accountant, and a new tier for QuickBooks Desktop Enterprise that offers assisted payroll and industry-specific editions.
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Refining Lease Accounting – Common Policy Changes after ASC 842 Adoption
Hear what ASC 842-compliant companies say they now wish they would have known before making elections.
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IRS warns of coronavirus-related tax schemes
By Michael Cohn      3 min read
The Internal Revenue Service is warning taxpayers and tax professionals once again to beware of tax fraud and other related financial scams related to the COVID-19 pandemic.
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Deadline extended: Accounting Today's 2020 VAR 100
Accounting Today is putting together its VAR 100 ranking of the top value-added resellers of accounting and accounting-related software by revenue.
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The going concern question in the COVID-19 crisis
By Eric Hines, Mark Giese      4 min read
As companies contend with the economic impact of the global pandemic and the related risks, management should be prepared for heightened auditor scrutiny.
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IRS offers tax relief to opportunity zone funds and investors
By Michael Cohn      5 min read
The Internal Revenue Service is giving investors in opportunity zone funds relief from some of the requirements in the controversial program because of the COVID-19 pandemic.
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Resistance mounts to companies obscuring coronavirus impact in financials
By Katie Linsell and Olivia Konotey-Ahulu      2 min read
A backlash is growing among regulators and participants against EBITDA — earnings before interest, taxes, depreciation, amortization and coronavirus.
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KPMG gets reprimand from U.K. regulator over reserves audits
By Stephanie Bodoni      1 min read
The firm admitted shortcomings in three years of work for a client, which had to restate its distributable reserves twice.
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RESOURCES
WEB SEMINAR
Local compliance in a global business environment: issues & challenges
Each jurisdiction has a different complexity profile which presents specific challenges and opportunities for businesses.
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WEB SEMINAR
Building a business case for lease management →
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The tools of CAS →
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