CPA Practice

FEBRUARY 6, 2024

A new Treasury Department analysis says the IRS could turn the nearly $80 billion in funding it’s receiving from the Inflation Reduction Act into $561 billion in overdue and unpaid taxes collected over the next 10 years, higher than earlier estimates. It also ignored the deterrence effect of compliance activities on taxpayers’ behavior.”

audit 130

audit Tax Technology Account 130

CPA Practice

MAY 3, 2024

in 2019 to 1% in tax year 2026. The IRS also said it is addressing racial disparities in tax enforcement, following an academic study last year that found Black taxpayers were three to five times more likely to be audited than other taxpayers. of these partnerships, the agency said.

audit 96

audit Tax Technology Government 96

Withum

AUGUST 8, 2022

The Bill’s Tax Provisions. The bill contains some tax provisions that are new to the tax code. First, there is a 15% minimum tax on the book income of companies earning at least $1 billion each year. The bill also would impose a 1% excise tax on stock buybacks made by public companies. What’s not in the bill?

Arizona 126

Arizona Tax New York Account 126

CPA Practice

OCTOBER 18, 2023

Technologists Randy Johnston and Brian Tankersley, CPA, discuss how a new generation of computing will impact accounting firms. But I’m gonna get him convinced and you convinced why quantum computing and accounting is such a big deal. I hope you’re still listening, because I want to talk now about the way it works in accounting.

Technology 126

Technology Account accountant accounted 126

CPA Practice

JANUARY 17, 2023

In the last few years there has been a shortage of critical skills with regards to the accounting profession and especially in the output of North American and European professionals with CPA, EA and CMA qualifications. This accounting qualification shortage has put a squeeze on firm owners who require individuals with these designations.

cma 126

cma CPA accounting and finance public accounting 126

ThomsonReuters

NOVEMBER 17, 2022

However, legislation enacted at the end of 2019 reinstated the PCOR provision, continuing the fee requirements through plan years ending before October 1, 2029 (see our Checkpoint article ). See also EBIA’s Self-Insured Health Plans manual at Section VI.H (“Additional Taxes Under Health Care Reform”).

Tax 66

Tax Account accountant accounted 66

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 98

corporation tax Tax financial statements Government 98