Technological disruption and AI-related competitive problems are among the top risks companies face, according to a new survey of audit firm partners by the Institute for Audit Excellence. Administrative Matters The the investigationwhich was released Wednesday by CAQ, found investments in AI to be of great importance for companies as they focus on operational efficiency […]
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On the 4th of July weekend, the Honorable William Reynolds Archer Jr. died at the age of 98. Mr. Archer worked in Texas House of Representatives from 1967 to 1971 and the United States House of Representatives from 1971 to 2001, including as Speaker of the House. Ways and Means CommitteeThe House Ways and Means […]
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In a recent piece for The Wall Street Journalformer chairman of the Council of Economic Advisers at the White House Stephen Miran made the situation that Trump’s taxes are improving taxTaxes are mandatory payments or charges that local, state, and national governments collect from individuals or businesses to pay for general government services, goods, and […]
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Shultz Huber & Associates, a CPA firm in northwest Ohio, has expanded in the state with the acquisition of Stroh, Johnson & Company, effective July 1. Administrative Matters Stroh Johnson, founded in 1979, is an accounting, auditing and tax firm. The deal adds three offices across Lima, Minn. and Wapakoneta, Ohio, to the team. Shultz […]
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Missouri Governor Mike Kehoe signed Senate Bill 1233 into law, creating an additional pathway to the CPA license, which will take effect on August 28, 2026. Administrative Matters The new law, supported by the Missouri Society of CPAs, allows CPA candidates to apply for a license with a bachelor’s degree, two years of experience and […]
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The International Ethics Commission released a staff statement Wednesday on the ethical implications of emerging technologies such as artificial intelligence in today’s accounting profession. Administrative Matters The new book, Reproductive Technologies: An Attitude-Based Approach to Ethical Considerations for Professional Accountantsaims to support accountants as they develop, implement or use emerging technologies, including AI, distributed technologies, […]
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People are frustrated rising energy pricesand Congress took notice. Unfortunately, the response so far has been to recycle old policy ideas that seek to punish producers, in the hope that they will motivate energy bills to take a positive turn. Two policies in particular are worth exploring. Sen. Sheldon Whitehouse (D-RI) and Rep. Ro Khanna […]
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An accounting management solution provider Company 360in partnership with a tax preparation software company Junoannounced Firm360 AutoPrep, for tax preparation companies on top of their tax software. Administrative Matters AutoPrep takes client companies’ tax forms that are already compiled in Firm360 and turns them into input, accurate data in tax software, without manual typing. Firms […]
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Top 100 Firm Prosperity Partners is getting a majority investment from private equity firm Lightyear Capital, while Prosperity’s most recent investor, Unity Partners, will maintain a minority position in the company. Administrative Matters The deal, which represents the company’s first “turnaround” is expected to close in the third quarter of 2026. The terms of the […]
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Regarding the conflict in the Strait of Hormuz, Sens. Chuck Schumer (D-NY), Ron Wyden (D-OR), and Michael Bennet (D-CO) introduced the plan. Taxing Buybacks from Act of Big Oil Windfalls. Don’t get confused with Sen. Sheldon Whitehouse (D-RI)’s Big Oil Wind Profit Taxwhich will present 50 percent tax levyAn export tax is a tax imposed […]
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