Menzies

OCTOBER 30, 2024

Menzies LLP - A leading chartered accountancy firm. The Chancellor has announced several policy changes and tax increases that will impact retail. Implementing a modest tax on e-commerce could have facilitated more robust assistance for Business Rates, allowing the retention of the 75% relief.

Retail

Menzies

DECEMBER 19, 2024

Menzies LLP - A leading chartered accountancy firm. These come in from 1 April 2023 and run until 31 March 2026 and the 50% allowance is particularly useful where a company does not have sufficient AIA. Depending on the circumstances this may defer the tax relief available into the next accounting period.

Tax

CPA Practice

JULY 7, 2025

Property and Fiscal Office on accounting programs, financial systems, and operational business processes. In parallel with his public service, he is in the early stages of co-founding an estate planning and estate tax firm alongside his wife, who is also a licensed CPA.

cpas

Accounting Today

JUNE 17, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers. Tax Foundation ( [link] ): Illinois policymakers should think twice before taxing GILTI. The window for preparation is closing fast.

E-commerce

Going Concern

APRIL 24, 2025

Naturally, WSJ had the full scoop : Accounting firms Baker Tilly and Moss Adams agreed to merge in a deal valued at roughly $7 billion, which would make it the largest firm in the industry to be partly owned by private-equity investors. The combined firm, which would be the sixth-biggest accounting firm in the U.S.,

audit

ThomsonReuters

JULY 23, 2025

Jump to ↓ Key provisions and changes Challenges and opportunities for tax professionals Planning opportunities Key takeaways from the One Big Beautiful Bill Act The One Big Beautiful Bill Act (OBBBA) has brought significant changes to the tax landscape, presenting both challenges and opportunities for tax professionals and their clients.

Tax

Accounting Today

JULY 9, 2025

Platform Accounting expands in Chicago Platform Accounting Group building in Holladay, Utah Platform Accounting Group has added Madison Street Advisors, formerly known as McCormick Tax Group, based in downtown Chicago, extending Platforms footprint in the Midwest.

Account

CPA Practice

JULY 14, 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. The firm also announces the addition of one new partner to its affiliate, Schneider Downs Wealth Management Advisors, LP. He graduated with a B.S.B.A He holds a B.S.

West Virginia

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. The firm also announces the addition of one new partner to its affiliate, Schneider Downs Wealth Management Advisors, LP. He graduated with a B.S.B.A He holds a B.S.

West Virginia

Menzies

JANUARY 15, 2025

Menzies LLP - A leading chartered accountancy firm. New Tax Rules for Larger Farms The changes introduced mean that agricultural relief allowing land or pasture to be used to grow crops, or to rear animals, will be scrapped for farms worth more than 1m.

Agriculture

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. What is MTD for Income Tax (MTD)? How can you prepare for MTD for Income Tax? What are the requirements for MTD?

Tax

CPA Practice

OCTOBER 30, 2024

Aprio , a top 25 business advisory and accounting firm, has released its 2024 End of Year Tax Update , highlighting 2024 tax updates and factors that will significantly impact tax planning for 2025 and beyond. corporation in these transactions, helping to prevent double taxation or loss of basis.

Tax

Accounting Today

JULY 17, 2025

The firm dates back to 1956. 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 I was elevated to managing partner in 2015 when the firm was about $25 million in revenue. Its an exciting part of our history at Sax."

New Jersey

Menzies

OCTOBER 31, 2024

Menzies LLP - A leading chartered accountancy firm. Rise in Capital Gains Tax However, the rise in Capital Gains Tax, along with upcoming changes to Business Asset Disposal Relief, has raised concerns among the many owner-managed and family-run businesses within the sector.

Transportation

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.

Rhode Island

Accounting Today

JUNE 27, 2025

CALIFORNIA Evan Staggs Evan Staggs was hired as a partner in the tax practice at Weaver, Woodland Hills. He became instrumental in the field of taxation, with a specific focus on state and local taxes. IDAHO Heath Alloway was hired as a growth partner at Sorren, Meridian. Bigane spent much of his career at Wolf & Co. Pittsburgh.

Technology

ThomsonReuters

JULY 10, 2025

Set to take effect, in part, on December 15, 2025, the new Quality Management Standards (QMS) provide guidelines that enhance the quality of services accounting firms deliver. SQMS 1 SQMS 1 addresses the firm’s system of quality management. What are the Quality Management Standards (QMS)? 1 — December 15, 2025 SQMS No.

audit

Going Concern

NOVEMBER 15, 2024

The firm, MeritServus, was on the verge of being sanctioned by British authorities for helping hide assets tied to a key billionaire close to Russian President Vladimir Putin. Since 2005, MeritServus has not been part of, or affiliated with, Deloitte Cyprus or any other Deloitte firm,” the accounting firm told The Guardian.

Delaware

Accounting Today

JULY 28, 2025

The Interim Guidance Memorandum " Reinforcing the Customer Focused, High Efficiency Large Business & International Examination Process " highlights changes intended to streamline examination resources, facilitate timely issue resolution, reduce interest costs, expedite tax certainty and reduce deficiencies.

Technology

Menzies

JULY 23, 2025

Menzies LLP - A leading chartered accountancy firm. From January 2026, UK cryptoasset users will enter a new era of tax transparency. The new reporting rules aim to tackle tax non-compliance, close the tax gap, and help fund vital public services. What’s changing ?

Georgia

Menzies

JULY 14, 2025

Menzies LLP - A leading chartered accountancy firm. Effective from 6 April 2025, these changes represent a substantial departure from the previous regime and significantly alter the UK tax landscape for affected families and trustees. It is critical that such exclusions extend to the settlor’s spouse and minor children.

Tax

Menzies

APRIL 16, 2025

Menzies LLP - A leading chartered accountancy firm. From the 2026/27 tax year HMRC are requiring certain individuals to maintain digital records and submit quarterly returns. You must register for Making Tax Digital (MTD) if: You are registered for Self-Assessment. Are you required to register for MTD?

Tax

Accounting Today

JULY 15, 2025

Kent Nishimura/Bloomberg The massive tax and spending bill that President Trump signed into law on July 4 contains plenty of provisions that will benefit companies, unless theyre in the renewable energy industry. The taxes can add up for the larger universities.

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. Nor has the Chancellor increased VAT. for all employees in April 2025.

Technology

Menzies

JULY 24, 2025

Menzies LLP - A leading chartered accountancy firm. However, as the annual adjustment periods under the scheme align with VAT periods ending in March, April or May each year it is likely that the changes will apply to periods ending on or after 31 March 2026 at the earliest.

Construction

Accounting Today

JULY 29, 2025

EDT 2 Min Read Facebook Twitter LinkedIn Email The well-oiled firm; refundable credits in states; taxing settlement money; and other highlights from our favorite tax bloggers. Read my tips The Wandering Tax Pro ( [link] ): How "No Tax on Tips" is misleading. Except Congress has largely punted on who, what and how.

tax preparation

Menzies

NOVEMBER 25, 2024

Menzies LLP - A leading chartered accountancy firm. FAQs Business and Agricultural Property Relief Changes On 30 October, we saw perhaps the most hyped budget of a decade (or so) in terms of the significance of the changes made, particularly in the realm of Inheritance Tax (IHT). The tax saving amounted to a maximum of 40%.

Agriculture

CPA Practice

JULY 18, 2025

Momentum in a Shifting Economy Though 52% of respondents expect volatility to continue into 2026, the overall tone is one of momentum. OBannon Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. © 2025 Firmworks, LLC.

Technology

Going Concern

APRIL 7, 2025

The big four have been on the nose in Canberra since the PwC tax leaks scandal. Lobbying to get back in the federal government’s good graces after the PwC tax scandal messed everything up. New York Times said yesterday “ Republicans Want to Make the Trump Tax Cuts Last Forever.” They’re lobbying.

auditor

Accounting Today

JUNE 25, 2025

With the IRS workforce reduced by 26% and significant tax law changes on the horizon, there are risks to next years filing season," Collins said. "It It is critical that the IRS begin to take steps now to prepare." More than 95% of processed returns were e-filed and some 62% resulted in refunds.

Technology

Accounting Today

JULY 2, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email Preparing for OBBBA; your firm: the next generation; courage and foolishness; and other highlights from our favorite tax bloggers. 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?

North Carolina

Going Concern

JANUARY 31, 2025

Firm Watch Accounting firm taps longtime employee to head up Charlotte office [ Charlotte Business Journal ] RSM US has named a 13-year veteran of the company as the new leader of its Charlotte operations. Moving forward, the New York team will continue to serve its business and tax clients.

cpa firm

Menzies

APRIL 17, 2025

Menzies LLP - A leading chartered accountancy firm. From April 2026, significant changes to the way Benefits in Kind (BiKs) are reported and taxed will come into effect. This measure aims to minimize the administrative burden for employers and HMRC, simplifying the process of reporting and the payment of tax.

payroll

Accounting Today

JULY 2, 2025

By Michael Cohn 5h ago Technology Armanino uses AI to develop data warehouse service The Top 25 Firm plans to launch a data warehouse service for smaller organizations this year and has been using AI to develop some of its rollout strategies. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan.

Technology

Accounting Today

JULY 18, 2025

Danielle Lee Managing Editor, Accounting Today mailto linkedin Practice management Career moves KPMG Accounting students MORE FROM ACCOUNTING TODAY Tax IRS enforcement efforts hit by cutbacks The IRSs progress in improving tax compliance in recent years has been threatened by cuts in funding and hiring, according to a new report.

Indiana

Accounting Today

JULY 2, 2025

Although the proposed legislation is designed to be favorable to business, 42% of respondents to a Grant Thornton Q2 survey said they expect the changes to be beneficial, while 33% believe the proposed tax changes will harm their businesses financial position. debt on the economy.

North Carolina

Accounting Today

JULY 15, 2025

2 to file various federal individual and business returns and make tax payments. The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page. 2, 2026, to file returns and pay any taxes that were originally due during this period. Affected individuals and businesses have until Feb.

Texas