The Internal Revenue Service has issued newly updated procedures for changing a business’s method of accounting for income tax purposes.
Specifically, the new revenue procedure provides the general procedures to obtain the advance (non-automatic) consent of the commissioner to change a method of accounting and provides the procedures to obtain the automatic consent of the commissioner to change a method of accounting.
Another document issued by the IRS on Friday,
Ernest John Nedder, a partner and chief strategy officer at RSM US LLP, will be the next CEO of the RSM International network, succeeding longtime CEO Jean Stephens on June 1.
Biden's pitch for a fair Tax Code and Werfel's quest for a digitally transformed IRS are among the key issues to pay attention to after the dust has settled on tax season.
Some remote partners act as a beachhead in new markets, allowing access to clients far beyond a firm's local geography.
The process of becoming a remote partner isn't much different from the traditional path — but it may take a little extra effort.
The Public Company Accounting Oversight Board plans to host a series of five in-person forums this year, with different members of the board visiting cities including Chicago, Los Angeles, Denver, Miami, and Jersey City.
