Private Equity Versus ESOP Ownership in CPA Firms: Two Roads to Capital, Growth and Control By Gary Thomson, Thomson Consulting In the past few years, CPA firm ownership conversations have shifted from routine to genuinely engaging—maybe not “exhilarating,” but certainly more complex and consequential than before. What once felt like a narrow set of choices […]
Are you prepared for the cost of a data security incident? Responding to a data security incident is typically more extensive, complex and expensive than you might expect. Is your firm prepared? By Sarah Beckett Ference, CPA, Risk Control Director, CNA Another day, another cyber incident. One does not have to search hard to find a
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AI’s Boom and the Impact on Stagflation Journal readers know that I have repeatedly warned that we are in a 1970s style stagflationary period – defined as stagnant economic growth with high inflation. I formulated my thesis prior to the massive data center spending binge, so it makes sense to revisit the outlook with that
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ASU 2025-12: A Deeper Dive Background In December 2025, the Financial Accounting Standards Board (“FASB” or “the Board”) finalized ASU 2025-12, Codification Improvements.[1] This ASU resulted from the FASB’s standing “evergreen” project begun in 2010 that addresses stakeholder suggestions for incremental improvements to U.S. generally accepted accounting principles (U.S. GAAP). The ASU codifies various improvements
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https://www.aicpa-cima.com/news/article/aicpa-launches-profession-ready-initiative-to-transform-cpa-workforce
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The U.S. Department of Education recently issued a notice of proposed rulemaking (NPRM) clarifying its proposed definition of a professional degree for the purposes of graduate student loan limits. The NPRM clarified that the term “professional student” is intended solely to distinguish the programs the department proposes would be eligible for higher student loan limits,
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In a lapsed appropriations contingency plan posted late Friday, the IRS announced that it would remain fully staffed from Jan. 31, 2026, through Feb. 7, 2026, of a federal government shutdown. The plan explained that Section 10301 of the Inflation Reduction Act, Pub. L. 117-169, provided supplemental appropriations available through Sept. 30, 2031, for all
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We have received inquiries about a filing delay for the Feb. 2, 2026, deadline due to the winter weather many states have experienced this week and the winter weather anticipated for this weekend. FEMA has issued Emergency Declarations for Louisiana, Indiana, Arkansas, West Virginia, Tennessee, Kentucky, Maryland, North Carolina, Mississippi, Georgia, Virginia and South Carolina
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https://www.irs.gov/newsroom/irs-issues-frequently-asked-questions-about-executive-order-14247-modernizing-payments-to-and-from-americas-bank-account
TSCPA’s 95th Annual Meeting & Convention in Isle of Palms Join TSCPA for the 95th Annual Meeting & Convention on June 9-12 in Isle of Palms, South Carolina. Experience four days of professional growth, networking and relaxation at the beautiful Wild Dunes Resort. This year’s Convention offers an exciting lineup of educational sessions, engaging speakers,
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