The Latest

Charles Rangel, the former chairman of the tax-writing House Ways and Means Committee, abruptly departed a House ethics panel hearing on Monday, claiming that he could not afford to pay for legal counsel.

Lewis & Knopf CPAs has merged in Ann Arbor-based Shayna Accounting CPAs.

Citrin Cooperman has combined with two other accounting firms: Wlodinguer, Erk & Chanzis in New York, and Rose, Dratch & Gilbert in Springfield, N.J.

The Internal Revenue Service failed to ensure that only eligible taxpayers received education credit tax relief that was only supposed to be available to taxpayers in Midwestern disaster areas, according to a new government report.

Recently I asked what people saw as the biggest difference in leadership style between Millennials and Baby Boomers. I received this response from Chris Farmand, a CPA from Jacksonville, Fla., on Twitter (@cfarmand): "Expectations are poorly communicated & motivations are WAY misunderstood."

In this Generational Viewpoints, RLB LLP (www.rlb.ca), a Guelph, Ont.-based accounting firm with over 60 employees, shares views on firm specialization from the perspective of Gen X partner Jason Gibbons, born in 1974, and Baby Boomer partner, Michael Manera, born in 1959.

AUDITORS NEED TO FOCUS ON INTERPERSONAL SKILLS

The rules have changed for firms that perform interim reviews and year-end audits of client financial statements

Times have changed! It is impossible to focus on every danger and every opportunity. Also, it is not enough to identify issues, which is often all that happens at traditional partner retreats; you must also address those issues if you expect to grow. Some of the top issues in firms today are succession, workflow, lack of integrated technology, lack of accountability, and lack of growth.

As the economy slowly inches back toward a recovery of sorts, several of the nation's top broker-dealers and financial services firms are revving their recruiting engines and driving them toward the CPA market in hopes of increasing their partnerships with accounting firms and practitioners.