Regardless of the election results, we will see some tax legislation next year, says one expert.
Category: NYT Accounting News
Accountants more pessimistic about global economy
Global confidence among accountants globally declined in the third quarter to its lowest level since 2023, although confidence increased in North America.
Thomson Reuters acquires AI specialist Materia
Materia’s platform can answer accounting queries in plain language and embed citations so users can verify the information.
PCAOB sanctions, bans firm and bars partner
The Public Company Accounting Oversight Board imposed a $50,000 fine, revoked the firm’s registration and barred its partner.
IRS adjusts tax amounts for inflation for 2025
The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.
Transforming client relationships: The crucial role of customer experience
Focusing on client relationships and satisfaction can lead to longer and more productive partnerships, directly impacting the firm’s revenue.
AICPA looks to ease accountant shortage in public sector
The American Institute of CPAs teamed up with the National Association of State Auditors, Comptrollers and Treasurers on a joint report calling attention to the urgent need for accountants in state and local governments.
FASB plans updates on contract assets and liabilities, credit losses
The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors.
IPSASB releases new strategy and work program
The International Public Sector Accounting Standards Board issued its updated five-year strategy and work program.
The post-‘stretch’ home stretch for Roth IRA conversions
The first Secure Act was a “game-changer for IRAs and Roth IRAs,” according to a retirement expert. Here’s the compelling case for paying taxes sooner.