Republican lawmakers, including some who have been skeptical of higher tariffs, said Trump’s pitch was well received.
Day: June 13, 2024
Tax Fraud Blotter: Big winners
Extreme and outlandish; General nonsense; tat’s all, folks; and other highlights of recent tax cases.
IRS gives another limited estimated corporate AMT underpayment waiver
The IRS issued a notice extending earlier relief for a corporation’s failure to pay the part of estimated income tax attributable to the revised corporate alternative minimum tax.
PCAOB updates strengthen auditor accountability
The Public Company Accounting Oversight Board’s amendments will make it easier to hold auditors accountable for violations, among other things.
EY makes big investment in accounting profession
The Big 4 accounting firm announced that it will invest $1 billion over three years in talent and technology. The investment includes a commitment to improve pay for early-career professionals.
Companies aren’t ready for CSRD, but say they will be
Two-thirds of companies say they will be ready to report under the EU’s Corporate Sustainability Reporting Directive, but many don’t know how, a new PwC survey says.
PCAOB tightens liability standard
The board took three actions to update auditing standards and procedures, including the adoption of a change to an almost 20-year-old rule that tightens the standard of liability to “negligent” from “reckless” for an associated person who contributes to a firm’s violations.
White House downplays hopes for SALT cap hike
The SALT cap is one of several tax issues to be confronted next year, with key portions of Trump’s 2017 tax cuts expiring at the end of 2025.