Susan Spears

The upcoming election could impact the trend of PE firms buying stakes in large public accounting firms, potentially reducing equity-based partner roles and adding to the industry’s talent challenges. This uptick, which some say is due to firms needing cash to develop technology, explore consulting products and even pay employees more, is notable as the quality of work these firms are putting out, particularly in the audit space, is increasingly failing to meet standards in many cases. https://lnkd.in/edaeR8AF

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💡 Capital Acquisitions Tax (CAT) might seem complex, but for accountants, it’s a regular challenge that must be mastered to help clients leverage all available tax reliefs.👨💼 Understanding the various thresholds and exemptions allows for minimizing tax liabilities and maximizing the value of transferred assets. With CAT reliefs, your clients can preserve family wealth, and as their accountant, you play a pivotal role in this process.👩💼 Be sure to consider all aspects so that business transfers are as seamless and profitable as possible. For more insights, click on the link: https://lnkd.in/eTB3-jaX #TaxStrategy #BusinessSuccession 👩💼👨💼

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The Financial Accounting Standards Board is drawing close to finalizing a proposed update to accounting standards that will affect how companies account for certain convertible debt — and address concerns about the rules raised about current standards by the Big Four accounting firms.  The update affirmed by the U.S. accounting standards setter Wednesday was aimed at providing clarity as to whether companies should account for settlements of certain convertible debt instruments as so-called induced conversions or extinguishments and at giving guidance for debt with cash-conversion features. #debt #bonds #accounting https://lnkd.in/g8-yFmQq

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