ThomsonReuters

JULY 23, 2025

As tax and accounting professionals continue to adapt to these developments, understanding the Act’s key provisions and their implications is crucial for effective tax planning and client advisory services. For example, you can upload the bill, all 800+ pages of it, and start asking it questions.”

Tax

Accounting Today

JUNE 17, 2025

Breathing room Current Federal Tax Developments ( [link] ): The critical updates of Notice 2025-33, which impacts digital asset brokers and their compliance obligations under IRC Sections 6045, 3406 and related penalty provisions, extend and modify previously granted transitional relief, "offering much-needed breathing room."

E-commerce

CPA Practice

JULY 14, 2025

Patrick Hickman, CPA , joined the firm in 2023 following a decade in public accounting with other firms. His areas of tax expertise include partnerships, including allocations, tax planning and structuring. His experience spans a variety of industries and includes private equity. He graduated with a B.S.B.A

West Virginia

CPA Practice

JULY 7, 2025

Rosen is a member of the AICPA Tax Section and is a past member of the AICPA Trust, Estate and Gift Technical Resource Panel and Tax Reform Resource Task Force and has more than 43 years of experience in public accounting, speaks locally and nationally on tax planning and related issues and has published more than 100 articles.

cpas

CPA Practice

JULY 25, 2025

Patrick Hickman, CPA , joined the firm in 2023 following a decade in public accounting with other firms. His areas of tax expertise include partnerships, including allocations, tax planning and structuring. His experience spans a variety of industries and includes private equity. He graduated with a B.S.B.A

West Virginia

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

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

He became instrumental in the field of taxation, with a specific focus on state and local taxes. MASSACHUSETTS CRR, Wakefield, partnered with Liberty Partners to launch a new platform, Bridgepoint Alliance, to help lower-to-middle-market accounting firms reduce the complexities and administrative burdens. Pittsburgh.

Technology

Accounting Insight

MAY 1, 2025

Originally, MTD was planned to launch in April 2018 this was then pushed back several times, and is now set to be mandated in 2026 or 2027 depending on the taxpayer’s threshold. The change will affect those with over 50,000 in income per year in 2026, moving to 30,000 in 2027. 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 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. Expanding use of AIR.

Technology

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 Solar, wind, EVs, EV charging, they got whacked. They took it on the chin.

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.

Technology

Accounting Today

JULY 29, 2025

31, 2026, deadline for recognizing those deferred gains is only some 17 months away. Hidden meanings TaxProf Blog ( [link] ): A recent article examines the role of merit and desert in tax policy, concepts frequently invoked in political debates to support social and economic reforms.

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. With better tools and a broader mandate, finance leaders are stepping into roles that directly shape business direction, resilience, and growth. Watch the video, listen to the audio, or read the transcript.

Technology

Accounting Today

JUNE 25, 2025

The service received nearly 141 million individual income tax returns and processed about 138 million this tax season, according to the National Taxpayer Service "Objectives Report to Congress" for Fiscal 2026. The IRS will need to rapidly hire and train thousands of new Taxpayer Services employees before the 2026 filing season."

Technology

Accounting Today

JULY 2, 2025

By Roger Russell July 2 Accounting North Carolina signs licensure changes bill into law North Carolina Gov. Make sure you're getting it all Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services.

North Carolina

Accounting Today

JULY 2, 2025

By Roger Russell 7h ago Accounting North Carolina signs licensure changes bill into law North Carolina Gov. Make sure you're getting it all Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services.

Technology

Accounting Today

JULY 18, 2025

relocate offices; and more news from across the profession. Cohen & Co., Cleveland, announced a donation commitment of $100,000 to Cleveland Guardians Charities, via the Cohen & Co.

Indiana

Accounting Today

JULY 2, 2025

By Roger Russell 7h ago Accounting North Carolina signs licensure changes bill into law North Carolina Gov. Make sure you're getting it all Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services.

North Carolina

Accounting Today

JULY 15, 2025

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. 15, 2025; Quarterly estimated income tax payments normally due on Sept. Affected individuals and businesses have until Feb.

Texas

Menzies

MARCH 6, 2025

Menzies LLP - A leading chartered accountancy firm. We explore potential tax reversals, digital investment commitments, and the impact of policy changes on start-ups, growth, and digital transformation initiatives. The rate of tax is set to increase from 10% to 14% from April 2025 and 18% from April 2026.

Technology

Accounting Today

JULY 17, 2025

Administration officials view the bill as a cornerstone of their economic messaging strategy to win over voters in the 2026 midterm elections when control of the House and the Senate will be at stake. Undocumented immigrants, in most cases, are not eligible for the program.

Tax

Accounting Today

JULY 2, 2025

By Roger Russell 7h ago Accounting North Carolina signs licensure changes bill into law North Carolina Gov. Make sure you're getting it all Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services.

North Carolina

Accounting Today

JULY 2, 2025

Emily Birnbaum and Erik Wasson Bloomberg News Tax Trump tax plan MORE FROM ACCOUNTING TODAY Practice management CPA develops tools for accountants with dentist, veterinarian clients Bassim Michael has created Practice Gauge, a cloud-based analytics platform for his fellow accountants to use with their dentistry and veterinary clients.

North Carolina

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

Menzies

AUGUST 21, 2023

Menzies LLP - A leading chartered accountancy firm. This relief is temporary and will end on 31 March 2026 but for companies that take advantage of it will enable up to £250 of each £1,000 of capital spend to be recovered against their tax bill and so potentially significant tax savings are available.

chartered accountant

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

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. – Can we accelerate the tax relief?

Manufacturing

Withum

FEBRUARY 26, 2024

It’s a chance for us to get together with our industry contacts, clients, and other accounting firms to discuss hot topics for the current year and the upcoming year. We highly recommend the event to our clients, bank contacts, and other accounting firms. Require your team to take vacation time.

cpas

CPA Practice

OCTOBER 18, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss how a new generation of computing will impact accounting firms. Now, I’m thinking that that 2029 date is late, I’m thinking we’re gonna see some of this first breakage occurring in 2025 and 2026. Use the podcast player below to listen.

Technology

Accounting Today

JULY 3, 2025

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. Trial on the remaining counts will be in 2026. Edelman founded and owned half of Mina Corp. Department of Defense for jet fuel for U.S.

Tax

Menzies

MAY 15, 2025

Menzies LLP - A leading chartered accountancy firm. The Labour government announced in the 2024 Autumn Budget that, from 6 April 2026, the availability of 100% agricultural property relief and business property relief will be restricted. BPR is an Inheritance Tax (IHT) relief available against Relevant Business Property.

Agriculture

Going Concern

FEBRUARY 18, 2025

And Virginia : The Virginia Society of Certified Public Accountants (VSCPA) applauds the Virginia House and Senate for passing VSCPA-backed legislation to address a crucial barrier preventing accountants from becoming CPAs a requirement to obtain 150 hours of secondary education before becoming licensed.

Pennsylvania