Strategic Year-End Gifting: Navigating the Annual Gift Tax Exclusion for a Healthier Estate

As the festive season approaches, many individuals consider year-end financial strategies, and for those looking to manage their taxable estates, strategic gifting to family members presents a compelling opportunity. The…

Frazier & Deeter Acquires JamisonMoneyFarmer, Accelerating Southeastern Expansion

Atlanta-based Frazier & Deeter, a prominent accounting firm ranked among the top 50 nationally, has announced the acquisition of JamisonMoneyFarmer (JMF), a well-established CPA and advisory firm headquartered in Tuscaloosa,…

EisnerAmper Acquires Sage Intacct Consulting Practice from RSM US, Bolstering Cloud Financial Management Capabilities

New York City-based EisnerAmper LLP, a prominent accounting and advisory firm, has announced a significant strategic acquisition, agreeing to absorb the Sage Intacct consulting practice of RSM US LLP. This…

Washington Voters Lean Toward New High-Earner Income Tax, Rejecting Repeal Initiative

Washington State voters are signaling a significant shift in the state’s long-standing tax landscape, with early results from Tuesday’s vote count indicating support for the newly enacted high-earners income tax…

Aprio Acquires Garner Asset Management Corp. to Expand Wealth Management Services in Texas

Atlanta-based Aprio, a top 25 accounting firm, has significantly expanded its wealth management capabilities with the acquisition of Garner Asset Management Corp., a fee-only, Securities and Exchange Commission-registered investment adviser…

Levvy Integrates Advanced AI Capabilities, Connecting Practice Management with Leading Assistants

Levvy, a prominent provider of practice management software for accounting and client advisory services firms, has significantly enhanced its offerings with the introduction of new Levvy AI capabilities, announced on…

The Critical Question Small Business Owners Overlook: Who is the Named Fiduciary of Your 401(k) Plan?

Certified Public Accountants (CPAs) who work closely with small businesses often find themselves intimately involved with their clients’ 401(k) plans. This engagement typically spans multiple touchpoints throughout the year, from…

FASB Looks to Tweak Indexation Guidance

The Financial Accounting Standards Board (FASB) has initiated a significant move to streamline the accounting treatment of equity-linked financial instruments by issuing a proposed Accounting Standards Update (ASU) aimed at…

New Jersey Society of Certified Public Accountants Launches Scholarship and Grant Programs to Cultivate Future Accounting Professionals

The New Jersey Society of Certified Public Accountants (NJCPA) has officially opened its applications for its prestigious scholarship programs, aiming to support and nurture the next generation of accounting professionals…

The Average U.S. Household Checking Account Balance Stands at $15,472, But Median Figures Reveal a Different Financial Landscape

The average U.S. household checking account balance has reached $15,472, a figure that has more than doubled over the past three decades. However, this headline number, while seemingly substantial, can…