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Upcoming tax law changes

ThomsonReuters

presidential election , the tax and accounting profession is bracing for the potential tax law changes that now lie ahead as President-elect Donald Trump returns to the White House. Now that he has secured a second term in office, the direction of the tax landscape begins to take shape. With the Republican win in the U.S.

Tax
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Death and Taxes: Exploring the Construction Industry Impacts of the One Big Beautiful Bill Act

Withum

Benjamin Franklin famously said that there is nothing certain in this world except for death and taxes. That sentiment continues to be true to this day, and the importance of interpreting the complexities of tax legislation cannot be overstated. Construction companies could see tax relief from this increased threshold.

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Monday Morning Accounting News Brief: EY Wants to Buy; Losers Dump NFTs For Tax Purposes; CPA Demand in 2031 | 1.9.23

Going Concern

Deloitte announced today that Anna Taylor — former tax and economic policy principal advisor to Senate Majority Leader Chuck Schumer (D-N.Y.) — has joined Deloitte’s Washington National Tax practice as the deputy managing principal of the Tax Policy Group. What is the secret to a good PPT?

CPA
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How Offering Financial Planning Can Enhance Your Credibility as an Accountant

CPA Practice

If you’re an accountant looking to improve your credibility and attract new clients, offering financial planning services can help. Bureau of Labor Statistics predicts that the need for financial advisors will grow 15% between now and 2031. By John Graziano, CFP®. In fact, the U.S. The demand for financial planning is clearly there.

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Friday Footnotes: PwC Slashes Partner Class; Accounting Firm Rescues Dog; Do We Still Need CPAs? | 4.19.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default. The Big Four accounting firm is considering adding about 85 U.S.

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House Ways and Means Committee Introduces Potential Tax Extender Bill

Withum

The Build It In America Act (HR 3938) addresses business taxpayer concerns regarding rising interest expense rates and deduction limitations on research and experimental expenditures, which could lead to drastically increased cash federal income tax payments. trillion over ten years.

Tax
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Extending Outsourcing Contracts Can Alleviate Shortage of CPAs

CPA Practice

By Paula Laurenti, Key Accounts Manager at SAPRO. accounting profession is facing a severe shortage of certified accountants. Projections indicate that demand for accountants and auditors will increase by 13% between 2021 and 2031, with an estimated 136,400 job openings between 2021 and 2023. pre-pandemic to 62.1%