By agreeing to share taxpayer data at all, the Internal Revenue Service is taking an unprecedented step that breaks with longstanding assurances.
Category: NYT Accounting News
NJCPA backs additional path to CPA licensure
The New Jersey Society of CPAs is proposing an additional pathway to obtain CPA licensure, supporting a bill that would modify New Jersey’s Accountancy Act.
Armanino expands into Utah
Top 25 Firm Armanino has added Salt Lake City-based Cooper Savas.
Mauldin & Jenkins merges in Bradshaw, Gordon & Clinkscales
The Top 75 Firm based in Atlanta is expanding into Greenville, South Carolina, effective June 1, 2025.
IAASB offers guidance on going concern
The International Auditing and Assurance Standards Board released information on its new standard, while the International Public Sector Accounting Standards Board has an exposure draft on materiality.
Guiding clients through property tax turbulence
What many taxpayers do not realize is that their property tax assessment can — and in many cases should — be reviewed and appealed.
FASB releases standard on share-based consideration
The changes deal with the intersection of the requirements of FASB’s revenue recognition and stock compensation standards as they involve customers.
Republican tax plan targets clean-energy supplies tied to China
The move would constitute “a complete death” for energy projects that rely on global supply chains for solar cells, magnets, batteries and other materials.
NY Republicans signal possible $80K SALT cap
Rep. Nicole Malliotakis said there’s an “opportunity” to grow the $30,000 state and local tax deduction cap offered by House GOP leaders in negotiations.
GOP tax bill seen masking more than $1T US debt hit
The cost of the draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate. The reality is likely much higher.