Boston-based Top 100 Firm KLR has added Sullivan Bille P.C., based in Andover, Massachusetts.
Day: January 15, 2025
Prop. regs. address expanded annual compensation deduction limitation
The regulations provide guidance on determining who is one of the “five highest compensated employees” under Sec. 162(m)(3)(C).
IRS proposes regs for corporate splits, reorgs
The IRS and the Treasury Department issued proposed regs and reporting requirements for multiyear corporate separations and a draft form.
Economic optimism rises among CFOs
Almost three-fourths of CFOs in a Deloitte survey think the economy will improve over the next year. That sentiment, among finance leaders at companies with more than $1 billion in annual revenue, is up sharply from the previous quarter.
IESBA plans standards for firm culture, governance
The International Ethics Standards Board for Accountants plans a standard-setting project on accounting firm culture and governance in response to a new report.
Prop. regs. issued for spinoff transactions and their reporting
The IRS said it used feedback from tax advisers to write the proposed regulations, which include new multiyear tax reporting requirements.
AICPA updates digital assets practice aid
The American Institute of CPAs updated its aid on accounting for and auditing digital assets in response to changes in accounting standards.
Tax automation tools top firms’ wishlists
A survey from Wolters Kluwer found that accounting firms are planning major tech investments in 2025.