Practice management

As many firms struggle with the transition to future leadership, Top 20 firm Green Hasson Janks has already announced its next-generation MP, Tom Barry, who provides insight into the firm’s succession planning process.

Rep. Lloyd Doggett, D-Texas, along with 30 other members of Congress, has introduced a bill to provide tax relief to victims of Hurricanes Harvey and Irma, in addition to the relief granted in recent weeks by the Internal Revenue Service.

K-Coe Isom expands in California; RSM launches a tax reform calculator; and more news from CPA offices across the country.

Deloitte adds an IRS deputy commissioner; Lassus Wherley staff earn their CFPs; MBAF gets a new HR director; and other recent hires, promotions and personnel news from firms across the country.

It took two days after Hurricane Irma ripped through the British Virgin Islands, damaging or destroying an estimated 70 percent of the territory’s buildings, for the Caribbean tax haven to start piecing back together its lucrative corporate-registry business.

The Internal Revenue Service is giving tax-exempt organizations in the parts of Texas, Florida, Puerto Rico and the U.S. Virgin Islands affected by Hurricanes Harvey and Irma more time to file their returns.

The Big Four accounting firms are moving more into the legal services market, competing with law firms on their traditional turf, according to a new report.

The Committee of Sponsoring Organizations of the Treadway Commission’s internal control framework can help provide more assurance to investors about sustainability reporting by companies, according to a new paper.

The overall winner will be chosen by vote and awarded a $10,000 cash prize.

The president said this year’s deadly hurricanes add urgency to his tax-cut plan.

More than three-quarters of directors at public companies polled by BDO USA expect a tax overhaul to be achieved before the end of Trump’s term in office, but only 22 percent anticipate it will happen before the end of this year.

The advisory firm knew the drill, but the storm still threw them for a loop.

The Internal Revenue Service streamlined the rules to make it easier for 401(k)s and similar employer-sponsored retirement plans to make loans and hardship distributions to storm victims and members of their families.

Victims in parts of Florida and other areas have until Jan. 31, 2018, to file some individual and business tax returns and make certain tax payments.

FICPA has created a website to assist accountants in the Sunshine State and line up volunteers and office space for those affected by the storm.

Tax pros differ over whether they want the taxpayer present for their process.

The annual list recognizes top leaders from accounting firms across the country.

The International Ethics Standards Board for Accountants is suggesting a set of changes prohibiting inducements.

The Internal Revenue Service is granting additional time to file returns and make payments for taxpayers in the Virgin Islands, with similar help expected for people in Florida and other states as well.