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.

Account

ThomsonReuters

JULY 21, 2025

When the federal government enacts a tax provision, states must decide whether (or how) to incorporate it. Helping clients evaluate whether to elect PTET treatment, restructure pass-through income, or even reconsider state residency can position your firm as a strategic partner, not just a tax preparer.

tax preparation

ThomsonReuters

DECEMBER 27, 2024

For example, advising a client on how to strategically sell a tokenized asset to minimize taxes could save them thousands, cementing your firms value beyond tax preparation. Consider offering tailored services for reconciling transaction histories, calculating adjusted bases, and preparing Form 1099-DA filings.

Real Estate

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

All rights reserved. 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

Their co-managing roles are scheduled to last a year, with Andrews assuming the managing partner role on July 1, 2026, and becoming the first female and first non-Plung family member in that position in the firms 104-year history. All rights reserved. Pittsburgh.

Technology

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. All rights reserved.

Technology

ThomsonReuters

JULY 21, 2025

Jump to ↓ How OBBBA is impacting federal tax policy Strategic implications in a shifting political landscape What tax professionals should do now to manage the OBBA impact For tax professionals, the newly signed One Big Beautiful Bill Act (OBBBA) of 2025 has significant impacts for client tax planning and compliance.

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 companies from this tax increase in the European Union, will be made permanent.

Tax

Accounting Today

JULY 29, 2025

How to help them understand how the process works and how to prepare. 31, 2026, deadline for recognizing those deferred gains is only some 17 months away. Taxnotes ( [link] ): This fourth entry in the series profiles Tax Court Judge Courtney D. All rights reserved.

tax preparation

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

All rights reserved. But the accounting rules for leases acquired in a business combination are not intuitive and can raise a host of considerations. Jeff Stimpson Freelance writer For reprint and licensing requests for this article, click here. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan.

North Carolina

Accounting Today

JULY 2, 2025

All rights reserved. By Roger Russell 7h ago Accounting North Carolina signs licensure changes bill into law North Carolina Gov. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan. By Paige Hagy 7h ago Like what you see?

Technology

Accounting Today

JULY 18, 2025

All rights reserved. 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

All rights reserved. By Roger Russell 7h ago Accounting North Carolina signs licensure changes bill into law North Carolina Gov. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan. By Paige Hagy 7h ago Like what you see?

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. All rights reserved. 15, 2025, and Jan. 31, 2025, and Jan.

Texas

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. If the bill had not passed, 95% of Americans would have seen their taxes rise." All rights reserved.

Tax

Accounting Today

JULY 2, 2025

All rights reserved. Its an important product in terms of our mission, being there for all the major financial decisions in our members lives and the days in between," Noto said in April. By Roger Russell 7h ago Accounting North Carolina signs licensure changes bill into law North Carolina Gov. By Paige Hagy 7h ago Like what you see?

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

Cherry Bekaert

NOVEMBER 28, 2023

There are several key tax considerations and tactical approaches for businesses to address while closing out 2023 and moving into 2024. From leveraging tax incentives to optimizing deductions, this guide offers insights into tax planning to help businesses make informed decisions and set a solid foundation for the upcoming year.

tax planning

Withum

OCTOBER 18, 2023

What About Estate Planning? Perhaps some of the most important, and possibly the most tedious, tax planning that should be done before the 2025 taxable year-end has to do with estate planning. However, the exemption is set to return to $6 million per individual ($12,000,000 for married couples) starting in 2026.

Tax

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

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. Louis: Tax preparer Shasherese M. Reed made about $378,026 in fees for the 2017 to 2021 tax years.

Tax

Cherry Bekaert

OCTOBER 3, 2024

Personal Exemptions Personal exemptions would return in 2026 if the TCJA were to sunset. The TCJA also eliminated the miscellaneous itemized deduction, which typically includes investment management and tax preparation fees. This deduction will return if the TCJA sunset moves forward as planned.

Tax