The shadow knows; body of evidence; make a Note of it; and other highlights of recent tax cases.
Category: NYT Accounting News
Accounting in 2025: The year ahead in numbers
Accounting Today’s annual survey reveals firms’ expectations, worries and plans for the next 12 months.
On the move: Over a decade of Withum’s Week of Caring
Citrin Cooperman appoints CIO; PKF O’Connor Davies opens new Fort Lauderdale office; and more news from across the profession.
SEC charges Entergy with internal accounting controls violations
The Louisiana-based utility company paid the Securities and Exchange Commission $12 million to settle the charges.
Tech news: Wolters Kluwer adds conversational AI
Plus, HubSync adds bevy of new enhancements; Crowe announces cyber risk analysis solution; and other accounting tech news.
IRS boosts standard mileage rate for 2025
The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.
FASB asks for input on accounting for intangibles
The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.
Congressman introduces bill to offer residence-based tax system to expats
Expatriate advocacy groups are applauding legislation introduced this week that would implement a residence-based taxation system for U.S. citizens living overseas.
Report finds Private Company Council effective
The Financial Accounting Foundation report found the Private Company Council has been performing its duties effectively and should continue to operate.
IRS noncommittal on future expansion of Direct File
The IRS declined to commit to expanding its Direct File free tax preparation program nationwide in response to a report from the GAO amid GOP opposition.