SobelCo, a Livingston-based certiﬁed public accounting and advisory ﬁrm recently announced that Carolyn J. D’Anna, CPA, has joined the ﬁrm to serve as its ﬁrst chief operating officer. Recognizing that with growth comes change and new responsibilities, the importance of bringing an experienced COO on board became even more apparent than ever, SobelCo said in […]
With cyberthieves active during COVID-19, the Internal Revenue Service and the Security Summit partners today urged tax professionals to review critical security steps to ensure they are fully protecting client data whether working in the office or a remote location. Many tax professionals have expanded telework options this year as firms, like other businesses, work to […]
The Department of the Treasury and the Internal Revenue Service today issued proposed regulations and temporary regulations that provide guidance for consolidated groups regarding net operating losses (NOLs). The Tax Cuts and Jobs Act (TCJA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) amended the rules for NOLs. After amendment, the NOL deduction is the sum […]
Five federal regulatory agencies Thursday finalized a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as covered funds. The final rule is broadly similar to the proposed rule from January. The Volcker rule generally prohibits banking entities from engaging in proprietary trading and from […]
We’re joined by Brad Muniz of SobelCo to talk about tax returns, office etiquette and all-you-can-eat buffets as we struggle to name successful movies about accounting.