CPA Practice

JULY 25, 2025

Mary Girsch-Bock Professionals on the Move is a round-up of recent hiring, promotion and staffing announcements from around the accounting and tax profession. Patrick Hickman, CPA , joined the firm in 2023 following a decade in public accounting with other firms. He graduated with a B.S.B.A He graduated with a B.S.B.A

West Virginia

ThomsonReuters

DECEMBER 27, 2024

This marks a pivotal shift for tax and accounting professionals, fundamentally altering how digital asset transactions, including cryptocurrency , are tracked and reported for tax purposes. The complexity of digital asset taxation positions accountants as indispensable resources for clients.

Real Estate

CPA Practice

JULY 9, 2025

OBannon Platform Accounting Group has announced an Illinois-based firm has joined the group. Madison Street Advisors, formerly McCormick Tax Group, is based in downtown Chicago and increases Platform’s presence in the Midwest region. We know our clients intimately and understand their unique demands and needs.

Technology

Accounting Today

JULY 17, 2025

Were on the cusp of 70 years old next year in 2026, and I think this is probably the most exciting day of Sax history as we start this journey," Damiano said. "I All rights reserved. Partnering with our sponsor, well be able to invest in our people and ultimately grow our practice to remain competitive in the industry.

New Jersey

Accounting Today

JULY 25, 2025

CONNECTICUT FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut Courtesy of GASB The Financial Accounting Foundation board of trustees announced it is seeking nominations for new members to join the Financial Accounting Standards Advisory Council for an initial one-year term beginning Jan. All rights reserved.

Rhode Island

CPA Practice

JUNE 19, 2025

As enterprise sales leader, Reimann leads a team of business developers, account managers and strategic business relationship leaders that generate more than $1B in revenues annually for RSM. Mary Girsch-Bock Professionals on the Move is a round-up of recent staffing and promotion announcements from around the profession.

Real Estate

Accounting Insight

MAY 1, 2025

Approaching the transition to MTD (Making Tax Digital), accountants may be worrying about the challenge they face. However, when properly prepared for, MTD offers several opportunities for accountants. The change will affect those with over 50,000 in income per year in 2026, moving to 30,000 in 2027.

Tax

Accounting Today

JULY 15, 2025

The bill said that you had to have the asset placed in service by 2027 but also you had to start construction on that facility within one year of the enactment date," said Ian Boccaccio, principal and income tax practice leader at tax firm Ryan. "If All rights reserved.

Tax

Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. No increase in taxes on ‘working people’ As promised, the Chancellor did not raise ‘taxes for working people’, i.e. income tax and employee’s National Insurance. The interest rate is currently 7.5%

Technology

CPA Practice

JULY 18, 2025

OBannon A new report shows continued anxiety by accounting and financial professionals over the near and short term economy. OBannon A new report shows continued anxiety by accounting and financial professionals over the near and short term economy. surveyed 709 finance professionals.

Technology

Accounting Today

JULY 2, 2025

Get yourself ready Institute on Taxation and Economic Policy ( [link] ): How much do the top 1% in each state get from the Senate tax bill? Tax Vox ( [link] ): How the Senate bill is even more regressive than the Finance Panels version. Tax Talk: ( [link] ): Buh-bye, "Revenge Tax." All rights reserved.

North Carolina

ThomsonReuters

DECEMBER 30, 2024

presidential election , the tax and accounting profession is bracing for the potential tax law changes that now lie ahead as President-elect Donald Trump returns to the White House. Meanwhile, the IRS has outlined several of its planned adjustments for 2025. So what does this mean for todays tax planning?

Tax

Accounting Today

JULY 2, 2025

finance professionals, 48% revealed they have been targeted by deepfake fraud, and 42% have fallen for deepfake scams. Establishing a robust accounts payable audit trail is also made more efficient through the adoption of a digital payment system. All rights reserved. In fact, according to Medius 2024 survey of U.S.

Technology

Accounting Today

JULY 18, 2025

ALABAMA Machen McChesney, Auburn, promoted: Emma Farris to manager, Mary Elizabeth Bond to supervisor, and Ally Bean, Cole Dewberry and Keeley Leisure to senior accountants. All rights reserved. relocate offices; and more news from across the profession. relocate offices; and more news from across the profession. Cohen & Co.,

Indiana

Accounting Today

JULY 2, 2025

EDT 2 Min Read Facebook Twitter LinkedIn Email fotolia As the Trump administrations One Big Beautiful Bill heads into the final stages of the legislative process, finance leaders are split in their assessment of the potential effects on their companies. All rights reserved.

North Carolina

CPA Practice

JULY 17, 2025

With next year’s midterms looming, strategic timing is everything: tax breaks to households (and corporations) begin in 2025, while most sweeping social program cuts are delayed until 2028. The additional deduction amounts will adjust to inflation beginning in 2026. Home energy tax credits: End after Dec. 1, 2025 and Dec.

Tax

CPA Practice

JULY 25, 2025

M&A Prospects Show Promise: More than half (63%) of middle market companies plan to engage in M&A activity by the end of 2025. This optimism extends into 2026, as companies anticipate a closer alignment of buyer and seller expectations, driven by clearer macroeconomic factors in the coming quarters. © 2025 Firmworks, LLC.

Technology

Accounting Today

JULY 2, 2025

By Michael Cohn 1h ago Accounting Private sector loses 33K jobs Private sector employers cut 33,000 jobs in June, the first decline in over two years, while annual pay grew 4.4% All rights reserved. year-over-year, payroll giant ADP reported.

North Carolina

Menzies

JUNE 5, 2024

Menzies LLP - A leading chartered accountancy firm. LATEST UPDATE Groups within the scope of Pillar 2 in the UK will need to register with HMRC within 6 months of the Group’s first accounting period starting on or after 31 December 2023. The post Tax Directors & Finance Teams – Do you need to register for Pillar 2?

Finance

Menzies

OCTOBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments. This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments.

corporation tax

ThomsonReuters

MARCH 9, 2023

Tax and Accounting professionals, listen up! Aren’t you tired of spending countless hours pouring through textbooks and internet searches trying to find the latest tax laws? Enter: Thomson Reuters Tax Season Toolkit. Breeze through tax season easily with our comprehensive year-end tax season toolkit.

Tax

Menzies

MAY 11, 2023

Menzies LLP - A leading chartered accountancy firm. You have identified the new piece of equipment your business needs, it’s worth pausing to consider the best way to structure the purchase and tax can play an important role in the determining the best option for your business. – Equipment purchasing – what do you need to know?

Manufacturing

CPA Practice

DECEMBER 13, 2023

The West Virginia Society of Certified Public Accountants (WVSCPA) is offering an Introduction to Crypto Currency and Tax Planning. The Mississippi Society of Certified Public Accountants (MSCPA) has published the details of the MSCPA Annual Convention. The webinar, which will take place over Zoom, on January 24, 2024.

West Virginia

KROST

FEBRUARY 23, 2021

In a Qualified Opportunity Fund, there are three tax incentives for reinvesting capital gains which are significantly different than the 1031 exchange incentives: Recognition of capital gains are deferred until the Qualified Opportunity Fund is sold or exchanged or December 31, 2026, whichever occurs earliest.

Real Estate

CPA Practice

JUNE 13, 2024

The Tax Cuts and Jobs Act of 2017 (TCJA) brought about substantial changes to the tax landscape, significantly increasing the lifetime estate and gift tax exemption amounts ($13.61 This strategy balances the benefits of current tax law with the need for financial flexibility and security. million for individuals and $27.22

Real Estate

KROST

NOVEMBER 24, 2020

In the last few months of the year, it is important to consider year-end tax planning opportunities, as many may provide both immediate and long-lasting financial benefits. These two incentives can provide significant tax relief in 2020 if financed and placed in service by midnight, December 31, 2020. California.

tax planning

Accounting Today

JULY 3, 2025

She deposited the refund check into a trust bank account and immediately transferred most of the balance to a separate bank account, both of which she controlled. Edelman pleaded guilty to 10 felony counts: conspiracy to defraud the United States, seven counts of tax evasion and two counts of making a false statement.

Tax

Going Concern

FEBRUARY 18, 2025

Some obvious news from Economic Times of India: Indias outsourcing landscape is undergoing a significant transformation, with 81% of organisations planning to increase their outsourcing efforts over the next three to five years, according to Deloittes latest report, The outsourcing compass: Decoding strategies of today. Peters, CAE.

Pennsylvania