ThomsonReuters

NOVEMBER 8, 2024

Unfortunately, as regulatory scrutiny increases, data demands multiply, and the consequences of non-compliance become more serious and costly, those responsible for ensuring ESG compliance (primarily ESG compliance teams, CFOs, tax and finance professionals) are being overwhelmed with ESG-related busywork.

Technology

CPA Practice

JULY 7, 2025

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. Property and Fiscal Office on accounting programs, financial systems, and operational business processes.

cpas

Withum

JUNE 24, 2025

The deduction can result in pass-through business owners having a maximum effective federal tax rate of approximately 30%, as opposed to 37%. However, the C Corporation 21% tax rate was a permanent tax provision, while the 199A deduction is set to expire as of December 31, 2026.

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. All rights reserved. By Chris Gaetano July 9 Like what you see?

accounted

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 Scalise, national partner-in-charge of Saxs Federal Tax Credits & Incentives Practice, who has also been spearheading many of the firms philanthropic efforts.

New Jersey

Accounting Today

JULY 25, 2025

By Chris Gaetano 2h ago Tax IRS warns: Revalidate business tax accounts by July 29 or lose access The Internal Revenue Service said "designated officials" need to revalidate their business tax account by the July 29 deadline in order to maintain access. All rights reserved. Nomination information is available here.

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. All rights reserved. IDAHO Heath Alloway was hired as a growth partner at Sorren, Meridian. and became an ICPAS member in 1974.

Technology

Accounting Today

JULY 28, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Jordan Vonderhaar/Photographer: Jordan Vonderhaar/ The Internal Revenue Service is looking to cut the case cycle times for corporate taxpayers. The Acknowledgement of Fact Information Document Request process will be eliminated by 2026 due to concerns over limited value and extended timelines.

Technology

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. The taxes can add up for the larger universities.

Tax

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. All rights reserved.

tax preparation

Churchill-Knight

OCTOBER 30, 2024

Key announcements in the Autumn Budget 2024 Tax National Minimum Wage The legal minimum wage for over-21s to rise from £11.44 to £10 as part of a long-term plan to move towards a “single adult rate” Tax avoidance Chancellor Rachel Reeves has vowed to crack down on unpaid taxes to raise £6.5 this year and 2.6%

income tax

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 All rights reserved. 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? Virginia – U.S.

North Carolina

Dent Moses

JUNE 9, 2025

While the Senate committees give their input and changes, time allows us to analyze which expiring Tax Cuts and Jobs Act (TCJA) provisions are extended in the House’s bill and which elements from President Trump’s campaign platform are relevant. The bill impacts sixty-six changes to the current tax Code.

Tax

Accounting Today

JULY 2, 2025

By Chris Gaetano 7h ago Tax Security, simplicity and digitization should be IRS priorities: ETAAC The Internal Revenue Services Electronic Tax Administration Advisory Committee delivered its annual recommendations. All rights reserved. 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. All rights reserved. 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. All rights reserved. 15, 2025, and Jan. 31, 2025, and Jan.

Texas

Churchill-Knight

OCTOBER 31, 2024

In a series of tax rises to generate £40 billion, the implications of the Budget 2024 will be felt by recruitment agencies and their candidates using umbrella companies for their payroll. From 2026, recruitment agencies and end-clients will be responsible for the PAYE deductions made by umbrella companies that pay their temporary workers.

Non-Profits

Xero

MARCH 25, 2025

With another tax year almost wrapped up, are you ready to tackle year-end payroll? Finalising your 2024/2025 tax year Wrap up outstanding items Before processing your last pay run for the 2024/25 tax year, approve any outstanding leave requests, timesheets and overtime to ensure your employees’ final pay is accurate.

payroll

Accounting Today

JULY 17, 2025

Kent Nishimura/Bloomberg Passage of Donald Trumps sweeping tax, health and spending bill was no small feat for Republicans, but selling it to the American people may prove to be tougher, even for a president who built a career on savvy branding. All rights reserved.

Tax

Accounting Today

JULY 2, 2025

EDT 2 Min Read Facebook Twitter LinkedIn Email SoFi Technologies headquarters in San Francisco Justin Sullivan/Photographer: Justin Sullivan/Ge President Donald Trumps signature tax legislation is poised to benefit companies offering private student loans, including SoFi Technologies Inc., All rights reserved.

North Carolina

Accounting Today

JULY 2, 2025

Capitol Andrew Harnik/Photographer: Andrew Harnik/Gett President Donald Trump is meeting with a faction of conservative lawmakers at the White House who have threatened to sink his signature tax legislation over its $3.4 All rights reserved. EDT 2 Min Read Facebook Twitter LinkedIn Email Rep. Andy Harris accompanied by Rep.

North Carolina

RogerRossmeisl

JULY 17, 2024

Buckle up, America: Major tax changes are on the horizon. The reason has to do with tax law and the upcoming elections. Our current situation The Tax Cuts and Jobs Act (TCJA), which generally took effect in 2018, made sweeping changes. A new political landscape in Washington could also mean other tax law changes.

Tax

Withum

JUNE 12, 2024

S Corporation shareholders and partners in a partnership could see their effective federal income tax rate increase by 30% by the end of December 31, 2025, due to the expiration of certain tax laws. A dramatic increase to the effective tax rate may catch many pass-through entity businesses by surprise.

income tax

CPA Practice

JUNE 6, 2024

A new academic study found that companies increase their tax risk profile—thus more tax aggression and a higher likelihood of tax fraud—when they believe IRS scrutiny will be lower due to budget cuts. They also collected data on IRS budgets from the Treasury Department. “We

Tax

Withum

OCTOBER 3, 2024

The IRS issued a news release providing tax relief for taxpayers affected by Hurricane Helene. Key Hurricane Helene Tax Relief Information Who qualifies for this relief? Key Hurricane Helene Tax Relief Information Who qualifies for this relief? Provide the FEMA Disaster Number of the area where your tax preparer is located.

South Carolina

Going Concern

JANUARY 2, 2023

This year’s falloff comes during a pivotal year for the board, which over the past year had been doing outreach broadly via an agenda consultation process to set its five-year agenda for 2022 to 2026. What’s more, Mr. Jones does not appear to be fan of the minimum corporate tax. The six ASUs are: ASU No.

accounting standards

ThomsonReuters

AUGUST 2, 2023

As the Organization for Economic Co-Operation and Development’s (OECD) ground-breaking Base Erosion Profit Shifting (BEPS) framework for taxing the digital economy is being implemented, countries around the globe are beginning to roll out the second of the OECD’s two BEPS pillars—Pillar 2.0. Unlike the OECD’s Pillar 1.0,

corporation tax

Withum

APRIL 28, 2022

For the latest news and updates on Nebraska state and local tax. Nebraska Implements Corporate Income Tax Rate Reductions. 873 which reduces Nebraska’s corporate income tax rate over the next five years. However, the extension does not apply to estimated tax payments. Tax Filing and Deadline Extended.

Nebraska

Menzies

OCTOBER 6, 2023

This new allowance enables companies to claim a 100% deduction for tax purposes in the year of spend on particular capital investments. This relief is of a temporary nature and will expire on 31st March 2026. As a result, potentially seeing significant tax savings. As a result, potentially seeing significant tax savings.

corporation tax

Withum

OCTOBER 18, 2023

These words apply to all sorts of things in life and, of course, when it comes to taxes. With some economic upheaval and various provisions of the Tax Cuts and Jobs Act (“TCJA”) nearing their end, here are a few things to be mindful of as we cruise into the 4th quarter of 2023. “Those who fail to plan, plan to fail.”

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

Accounting Insight

MARCH 3, 2023

As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage. The EU will require green energy and carbon footprint financial reporting in 2023, and the US will require it by 2026.

Tax

Menzies

JUNE 26, 2024

Carbon output Labour have declared an initiative which would see £500m of funds available annually from 2026 to act as an incentive for manufacturers developing clean energy and investing in good jobs. Corporation Tax The Conservatives have pledged not to increase corporation tax whilst Labour have promised to cap corporation tax at 25%.

Manufacturing

Menzies

AUGUST 21, 2023

After the cessation of the “Super-deduction” capital allowance earlier this year, companies will have access to a new First Year Allowance, referred to as Full Expensing, that allows them to claim a 100% deduction for tax purposes in the year of spend on specific capital investments. What is Full Expensing? What is Full Expensing?

chartered accountant

Menzies

NOVEMBER 9, 2023

Extending Full Expensing Capital Allowances: Recognising the capital-intensive nature of the manufacturing industry, we advocate for the extension of the full expensing capital allowances regime beyond March 2026.

Manufacturing