Location: North America

AGN International is pleased to welcome Hancock Dana to its AGN North America (NA) membership.

AGN International is one of the world’s leading associations of independent certified public accounting and consulting firms and sets rigorous criteria for admission to the association.

Contributed by: Floyd Advisory.

The FY 2022 Financial Report of the United States Government (the “U.S. Financial Report” or “Financial Report”) is prepared by the United States Department of the Treasury (“Department of Treasury” or “Treasury”) and is audited by the United States Government Accountability Office (“GAO”).

From a financial reporting perspective, the Department of Treasury serves in a role similar to the management of a business enterprise that bears responsibility for its company’s financial statement assertions, whereas the GAO serves in a role similar to an independent certified public accounting firm that performs audit services and renders an opinion on such financial statements.

Floyd Advisory’s report provides useful insights into the information contained in the U.S. Financial Report and highlights their observations on the quality and completeness of the reporting by the Department of Treasury based on the expectations, standards, and financial reporting requirements of a U.S. publicly traded company.

Floyd Advisory also discusses certain matters that they believe warrant special attention for users of the Financial Report, notably the citizens of the United States, as they relate to the financial condition of the U.S. Government.

July 3, 2023 (Gaithersburg, MD) – Lanigan Ryan, a leading accounting and advisory firm, is proud to announce the promotion of Brandon Blackburn, CPA, to the position of Partner. This promotion is a testament to Brandon’s exceptional skills, unwavering dedication, and extensive experience in the industry, as well as the firm’s commitment to recognizing and nurturing talent from within its ranks.

July is a time of many just-for-fun days, such as International Town Criers Day (July 11), World Emoji Day (July 17), and Take Your Houseplants for a Walk Day (July 27).

AGN is using this month to get down to business with the first ADVANCE Foundational Skills for Staff (Level 4 Tax and Audit) week in Chicago and the launch of our first member database upgrade in a handful of years. There is still time to sign up for this month’s tax and audit training in Chicago. However, there is a limited number of spaces. Register before July 14 to hold your spot. Learn more about the technology upgrade and how it will impact members below.

Summer! A time to kick back and enjoy some down time, family time, free time that is so sorely needed after the rigors of the first two quarters. 

While at your desk, you can use this time to update your AGN profile, get ahead of your annual CPE requirements by attending an AGN webinar, connect with AGN peers about the client needs you had to put on the back burner earlier in the year, or plan for your next staff exchange with another AGN firm across the country or around the globe.  

Reach out to any member of the AGN staff if you’d like more information about any of these, or something else. We are here to help!

PRESS RELEASE: May 31, 2023 – The AGN 2023 North America Regional Meeting, held from May 21 to 23 in Seattle, WA, brought together 240 participants for a highly engaging and informative event. This annual regional flagship event, themed “We Go Together! Honoring the Past, Valuing the Present, Shaping the Future,” provided attendees with valuable content and opportunities to connect.

Prieto, Ruiz de Velasco, S.C., (PRV) in Mexico, are pleased to share the celebratory news of their 80th anniversary. Established in 1943, the public accounting firm has had many long and successful years. What has been the firm’s success in a challenging environment?

Congratulations Webb! After ten years with AGN North America firm James Moore CPA and Tax Accounting Services, we wanted to hear about Webb’s journey to Partner. How did his career progress and transpire? What were his goals and challenges? What can we learn, and how easy is it? Watch Webb’s interview to hear his real-life story and experiences.

AGN North America firm Lanigan Ryan has been named by Accounting Today as a capital region leader in the accounting industry.

As our members practicing in tax look forward to the upcoming deadline, I thought it would be interesting to look back at what was happening in the world of U.S. Federal Tax back in the first year of the association. On November 9, 1978, President Carter signed the Revenue Act of 1978. The following changes came from the Archives of the New York Times.

FILING REQUIREMENTS: 

The minimum income for which a return must be filed increased to $3,300 for single and head-of-household filers and to $5,400 for a married couple under age 65 filing a joint return.

ZERO BRACKET AMOUNT: 

Formerly known as the standard deduction, it was increased from $2,200 to $2,300 for single taxpayers and heads of households and from $3,200 to $3,400 for married couples.

BRACKETS AND RATES:

The act reduced the table of 25 income brackets to 15 (16 for single persons). The brackets have been widened to achieve this simplification. Rates continued to range from 14 to 70 per cent.