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New York Business Stifled Due to Federal Research Capitalization Rules

Withum

Whether it is manufacturers, clothing designers, software developers, plant breeders, winemakers, or engineers, businesses across New York State are shocked to hear how significantly their federal tax bills are increasing for the 2022 taxable year even when their earnings remain the same.

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On-Demand Webinar: Year-End Tax Planning for Professional Athletes

Withum

Compliance and record-keeping best practices (ie, preparing for a financial statement audit). Whether you’re a professional athlete or agent, this on-demand webinar will provide invaluable insights to help you make informed financial decisions.

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KPMG Gets Sued, Accused of Allowing Pirate-Like Activity at Credit Suisse

Going Concern

1:23-cv-04458 in Southern District of New York ( Stevenson v. This is Stevenson’s gripe from Bloomberg Law : KPMG knew that Credit Suisse lacked sufficient internal controls for more than 15 years, while certifying its financial statements as accurate, Stevenson alleges. The docket number is No. Thornburgh et al ).

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Professionals on the Move: Feb. 2024

CPA Practice

Schell joins CohnReznick as Assurance Partner CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that Stacey Schell, CPA, has joined the firm as an assurance partner in its expanding Financial Sponsors & Financial Services practice. Her experience includes U.S.

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

Businesses should be prepared to provide documentation supporting their ERC claims, including payroll records, financial statements, employment tax returns, and any other relevant records. What Documentation is Required During an ERC Audit? Can I Seek Professional Representation During an ERC Audit?

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Friday Footnotes: EY’s Six CEO Candidates; Deloitte UK Partner Payouts Increase Again; IIA Gets Their Way | 9.29.23

Going Concern

SPAC Audit Kings: How Soaring IPO Market Ensnared Marcum, Withum [ Bloomberg Tax ] The fortunes of two mid-sized accounting firms rose and fell with the SPAC craze, sending auditors into overdrive as they vetted the financial statements of a surge of blank-check companies hunting for Wall Street’s next big deal.

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Professionals on the Move: Feb. 2024

CPA Practice

Schell joins CohnReznick as Assurance Partner CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that Stacey Schell, CPA, has joined the firm as an assurance partner in its expanding Financial Sponsors & Financial Services practice. Her experience includes U.S.