- Baker Tilly research indicates that four out of five businesses in the United States are not ready for succession. Key challenges faced by family business owners include being ready for transition or market sale and ensuring that the business has the financial capacity to support both retirement and the next generation.
- The move is the latest in a series of acquisitions and hirings as Baker Tilly ramps up its metro Detroit profile. Jeff Jorge, who founded Global Development Partners in 2006, becomes a non-CPA principal at Baker Tilly and now runs its new Latin America services desk for its international services team.
- Baker Tilly is helping insurance organizations understand Statement of Statutory Accounting Principles (SSAP) No. 101, Income Taxes, A Replacement of SSAP No. 10R and SSAP No. 10. During a recent educational webinar, SSAP No. 101: Issues to consider, 70% of respondents indicated they continue to have questions and issues with the tax provision process.
- The annual Year-End Tax Planning Letter published by accounting and advisory firm Baker Tilly Virchow Krause, LLP (Baker Tilly) prepares businesses and individuals for some of 2014’s most pressing tax issues, including the employer mandate, finalized repair and maintenance regulations and state and local tax changes.
- Nationally recognized accounting and advisory firm Baker Tilly Virchow Krause, LLP (Baker Tilly) has named four new partners from various practice groups across the firm.
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