As part of a year-long focus on trends and tactics that support the independent public accounting “firm of the future,” BKR International recently asked firm members about their approach to innovation. Questions included how to identify innovative opportunities, budget considerations, risk management and lessons learned. Overall, firm leaders said they are approaching innovation with a
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An interview and Q&A with billionaire activist investor and founder of Elliott Management Corporation, Paul Singer, and billionaire Private Equity titian and co-founder of The Carlyle Group, David Rubenstein. In this interview, the gentlemen discuss their thoughts on the US economy and the impact of monetary policy on inequality. They also talk about the path
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The Internal Revenue Service is sending letters to up to 200 taxpayers who have been under audit for participating in micro-captive insurance tax schemes, offering to settle with them, but only if they respond in a limited time. The IRS has been targeting what it calls “abusive” micro-captive insurance transactions for years, listing them on
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The IRS has announced a global settlement of cases involving abusive 831(b) captive insurance schemes, which announcement (IR-2019-157) is hyperlinked here and at the bottom of this article and is well worth reading in full, down to the last period in the Appendix. According to the announcement, “The settlement requires substantial concession of the income
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Firm leaders are used to thinking that the younger accountants they’re hiring have different expectations and different characteristics as employees — but they may not be as attuned to the fact that younger clients also have different expectations and characteristics. Sarah Dobek of Inovautus Consulting shares some of the best ways to interact with and
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