ThomsonReuters

DECEMBER 17, 2024

According to the Thomson Reuters 2024 State of Corporate ESG report, 71% of C-suite and functional corporate leaders surveyed now view ESG investment as a source of competitive advantage, and 82% say they believe that ESGs role in corporate performance will continue to growup from 72% in 2023.

Government

Accounting Today

JUNE 23, 2025

In late 2023, GASB issued Statement 102 , "Certain Risk Disclosures," requiring state and local governments to provide financial statement users with information about specific risks when circumstances make a government vulnerable to a heightened possibility of loss or harm. All rights reserved.

accounting standards

Accounting Today

JUNE 12, 2025

After signing his guilty plea in October 2023, he embarked on a campaign to avoid responsibility for his conduct. All rights reserved. He lied to the court, to the U.S. Probation Office and to the government about a purported cancer diagnosis to delay the entry of his guilty plea and his sentencing.

Tax

Accounting Today

JUNE 10, 2025

In 2023, after Drake was elected as the eighth managing partner in the firms history, he told Accounting Today he planned to build Plante Moran into a $2 billion firm. merged with Charles Anastasia to form Sewald & Anastasia in 2023. In 2023, Sax merged in Schall & Ashenfarb CPAs , a firm based in New York.

New Jersey

Accounting Today

JULY 16, 2025

In 2023, it acquired New York-based Janover ; Bemel, Ross & Avedon LLP , a Los Angeles-based business management firm; and two entertainment-oriented firms , Royalty Compliance Organization, a music rights and royalty auditing firm in St. All rights reserved.

Technology

Accounting Today

JUNE 19, 2025

Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. Yager used clients information to present false returns to the IRS from November 2023 through March of 2024, submitting returns in the name of her clients without their knowledge or approval. All rights reserved.

Tax

Accounting Today

JUNE 25, 2025

The purchase, strategically, will allow Xero to have a native bill pay solution all its own, versus relying on third party integrations (Melio has been integrated with Xero since 2023. All rights reserved. By Chris Gaetano CloseText About Chris linkedin chris-gaetano-870989232/ June 25, 2025, 4:00 p.m.

Technology

Accounting Today

AUGUST 1, 2025

by 2023, and further to 1.68% in 2025. By 2023, things began to decentralize, and by 2025, high-growth firms were allocating 57% more budget to regional/local efforts than their peers. But by 2023, there was a return to hybrid models. By 2023, it became a secondary focus. All rights reserved. That dropped to 2.5%

Technology

CPA Practice

JULY 7, 2025

Employee Benefits Tax TRP Provide a Revenue Procedure related to Section 305 of the SECURE 2.0 Act of 2022, as part of the Consolidated Appropriations Act, 2023, addressing the expansion of the Employee Plans Compliance Resolution System. Exempt Organizations Tax TRP Provide an update on the potential revisions to Rev.

cpas

Accounting Today

AUGUST 1, 2025

It added BBD LLP in Philadelphia in April 2024; OConnor & Drew in Braintree, Massachusetts, in 2023; and Martinez & Associates in Winter Springs, Florida, and Martini Partners in Encino, California, in 2022. All rights reserved.

Technology

Accounting Today

JUNE 5, 2025

For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 He caused a tax loss to the IRS of more than $2 million. In February 2023, Trifilo sought to obtain a $1.36 From November 2017 to December 2023, Rhew defrauded at least 117 investors of at least $24 million.

Tax

Accounting Today

JULY 28, 2025

All rights reserved. Please check the corresponding audio for the authoritative record.

Technology

Accounting Today

JULY 24, 2025

Bakersfield, California: Tax preparer Victor Cruz, 40, has pleaded guilty to helping Miguel Martinez, a Mexican national who was in the U.S. illegally, submit fraudulent individual federal income tax returns that claimed $25 million in refunds. All rights reserved.

Tax

Withum

DECEMBER 4, 2024

The corporate tax rate is currently a flat 21% rate. There is also a 15% corporate alternative minimum tax (CAMT) based on book income for companies with average annual adjusted financial statement income exceeding $1 billion. It is effective for tax years ending after September 8, 2023.

Tax

Going Concern

OCTOBER 25, 2024

The village is searching for a firm that can conduct two audits, one for fiscal year 2022-2023 and for the current fiscal year, 2024-2025. “We We received news that our external auditor that is assigned to our annual audit is resigning and the firm does not have sufficient staffing to take over our 2022-2023 audit,” Gates-Shult said.

accounting and finance

Accounting Today

JUNE 9, 2025

There were corporate tax provisions which were permanent, (02:20): And there were the individual and estate provisions, which under that law are scheduled to sunset at the end of this year. That number has gone up in 2023, it was 880,000. All rights reserved. Now, there have been a lot of issues now with the TCJA of 17.

Washington

Accounting Today

JULY 10, 2025

In 2022 and 2023, he and others operated a ghost prep business in three Augusta locations, including a church and Browns residence. All rights reserved. Kim Brown and another individual ghost preparer prepared 22 false returns that caused the Treasury to issue $541,912 in false refunds.

Tax

Accounting Today

JULY 21, 2025

Union City, Georgia: Truck driver Dantavious Jackson, 39, who operated a ghost tax prep business, has pleaded guilty to making claims for refunds of false pandemic-related employment tax credits. On the side, he also prepared taxes for a fee. Between June 2022 and August 2023, he defrauded the U.S. All rights reserved.

Rhode Island

Accounting Today

JULY 15, 2025

We had 100% bonus depreciation until 2023 and in 2023 it began to phase out at 20% each year," said Boccaccio. "In In 2023 you couldnt deduct 100%. The bonus depreciation went down to 80% in 2023 and in 2024 it went down to 60%. All rights reserved. 19, 2025."

Tax

Accounting Today

JULY 21, 2025

We started in 2023 and have acquired roughly 20 firms very quickly. All rights reserved. Tampa, Florida-based Top 100 Firm Crete Professionals Alliance — the 2025 No. 1 Fastest-Growing Firm — aims to offer the same balance to the many firms it has acquired in its short existence. I think theres a couple of key drivers of that.

Technology

Going Concern

JUNE 16, 2025

Founded in 2023, the company already generates over $300 million in annual revenue and includes more than 20 accounting firms under its umbrella. GCCs have become an integral part of the global tax ecosystem, providing organisations with a competitive edge in managing their tax functions,” the whitepaper noted.

accounted

ThomsonReuters

NOVEMBER 19, 2024

In 2023, the industry reported US$23.9 In 2023, the industry reported US$23.9 Corporate tax departments also must contend with limited resources, including budget constraints and a shortage of skilled professionals. Over the past decade, the MedTech industry has experienced significant, steady growth.

Technology

Accounting Today

JULY 8, 2025

We can now go back to the old provisions, especially for small businesses with under $31 million in revenue, and amend for 2022, 2023 and 2024. All rights reserved. One negative is the fact that you have to continue to amortize over 15 years for foreign owners, but for everyone else its a big deal.

Technology

Accounting Today

JULY 2, 2025

United States of America had to be filed on June 25, 2025, because it was critically close to the two-year statute of limitations for a refund suit, given the IRSs refund claim denial date of June 26, 2023. All rights reserved.

North Carolina

Accounting Today

JULY 10, 2025

between 2017 and 2023, according to an emailed statement. BNP Paribas SA and Centerbridge Partners, claiming to help suppliers get their invoices paid by blue-chip corporations around the world. All rights reserved. The Financial Reporting Council is probing several audits carried out by Deloitte and U.K. and Stenn International Ltd.

audit

Accounting Today

JULY 1, 2025

Stephen Kepniss and Richard Di Palma and their outstanding team bring three decades of highly sophisticated tax experience that will further expand our capacity to meet our clients increasingly complex needs," said LMC CEO Lee M. Cohen, a member of Accounting Todays 2023 MP Elite. LMC joined Ascend in 2023. All rights reserved.

North Carolina

MyIRSRelief

APRIL 3, 2025

Through real-life stories from Pasadena and Glendale, heres how this firm stands head and shoulders above the rest, proving that when it comes to taxes, personal attention isnt just a perkits the star of the show. For Maria, the corporate tax machine didnt just fail herit left her stranded. This isnt an isolated horror story.

California

Accounting Today

JULY 11, 2025

All rights reserved. PENNSYLVANIA Maggie Havelka Schneider Downs & Co.,

Oklahoma

Accounting Today

JUNE 25, 2025

In 2023, RubinBrown merged in KnowledgePath Consulting in Birmingham, Alabama. All rights reserved. We are excited to expand our presence in Nashville, deepen our industry capabilities, and continue building trusted relationships with clients. In 2022, it added Himes Consulting Group and JMW & Associates in Overland Park, Kansas.

Technology

Accounting Today

JUNE 30, 2025

In the 2022 league table, PwC ranked first among China-based audit firms by revenue, but was left off the list in the 2023 ranking. Rivals EY, KPMG and BDO snapped up the top three spots in 2023. All rights reserved.

Technology

Accounting Today

JULY 29, 2025

The Office of Personnel Management recently proposed a rule adding new suitability criteria for federal employees, including "failure to comply with generally applicable legal obligations, including timely filing of tax returns." All rights reserved.

Tax

Accounting Today

JULY 1, 2025

Since dropping below 4% in July 2023, hourly earnings growth has averaged a monthly decrease of 0.05%. All rights reserved. The Paychex Small Business Employment Watch showed an index level for June of 99.65, while hourly earnings growth for small business workers continued to trend below 3% at 2.79%.

Ohio

Going Concern

SEPTEMBER 14, 2023

This morning, Thomson Reuters released new research that reveals both corporate tax and global trade departments state they are under-resourced for technology and talent. From the press release : The 2023 State of Corporate Tax Department report highlights under-resourced tax departments are more likely to face audits and penalties.

corporation tax

ThomsonReuters

AUGUST 25, 2023

Jump to: How does depreciation affect corporation taxes? Accelerated depreciation for corporations How does depreciation work in an S corporation? What is the depreciation guidance for corporate alternative minimum tax? In short, depreciation can result in a reduction in corporate taxes.

corporation tax

ThomsonReuters

FEBRUARY 16, 2024

The proper utilization and deployment of technological solutions alongside valued tax professionals is how successful tax departments deliver valued analysis, insights, and guidance for their organizations. Keeping regulators at bay Tax authorities worldwide continue to pass legislation requiring greater disclosure from corporations.

corporation tax

Withum

OCTOBER 3, 2024

2023 Federal Form 1120 (C Corporations) April 15, 2023 October 15, 2024 May 1, 2025 2023 C Corporation Tax Payments April 15, 2023 June 15, 2023 September 15, 2023 December 15, 2023 N/A The IRS noted payments related to 2023 returns are not eligible for the extra time because they were due last spring before the hurricane occurred.

South Carolina

Accounting Today

OCTOBER 23, 2024

The Treasury and the IRS granted a filing exception for tax-exempt organizations, saying they don't have to file Form 4626 for tax year 2023.

Tax