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Friday Footnotes: EY Pulls Out of Winston-Salem; Clients Exposed in Data Breach; Deloitte Olympians | 7.14.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. The Office Ernst & Young out of Triad market after closing Winston-Salem office [ Triad Business Journal ] The Triad now has offices for only two of the Big Four global accounting firms.

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Year-End Tax Planning Strategies for Businesses

KROST

These two incentives can provide significant tax relief in 2020 if financed and placed in service by midnight, December 31, 2020. Accelerating income and postponing deductions. A 15% minimum tax on book income may also be imposed. California Competes Tax Credit. Both used equipment and new equipment qualify.