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Day: August 25, 2025

NYT Accounting News

IIA protests GAO budget cuts

August 25, 2025
The Institute of Internal Auditors expressed its opposition to efforts to slash the funding of the Government Accountability Office nearly in half.
NYT Accounting News

Non-grantor trusts could ‘stack’ big tax breaks under OBBBA

August 25, 2025
The use of multiple entities as a means of shifting a high net worth client’s yearly income could help rack up bigger breaks, with some caveats.
NYT Accounting News

Billionaires paid lower effective tax rates than most of US

August 25, 2025
The total effective tax rate for the 400 wealthiest Americans was lower than the general population, according to a new study.
NYT Accounting News

Embracing ‘Sufficient Truth’ for finance and AI success

August 25, 2025
The era of the “Single Version of Truth” as the only acceptable standard is over. Finance must adopt a toolkit of approaches.
NYT Accounting News

Water ‘Ponzi’ had something for everyone, until it didn’t

August 25, 2025
WaterStation Management drew in veterans, stock traders, pharmacists, salespeople and retirees by leveraging fears about contaminated water and microplastics.
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