The deal adds 1,500 professionals and six offices to Grant Thornton’s multinational platform.
Category: NYT Accounting News
Tax Fraud Blotter: Keys to the kingdom
Check churning; a Maserati and a McLaren; private family foundation; and other highlights of recent tax cases.
AICPA approves auditing standard for spotting fraud
The American Institute of CPAs’ Auditing Standards Board adopted new guidance governing the auditor’s responsibility for identifying fraud or suspected fraud.
IRS unveils Tax Compliance Report for taxpayers
The digitally authenticated report can be used when applying for a job, loan, government benefit or another service requiring tax compliance information.
Pet owners set up wills and trusts in estate plans
The AICPA is finding a growing number of pet owners including their cherished pets as part of their estate plan, and CPAs can help them set up wills and trusts.
IRS extends safe harbor for carbon capture tax credit
The Internal Revenue Service and the Treasury Department issued a notice extending a safe harbor for carbon capture and sequestration technology.
IRS sets up conservation easement office, ends settlement process
The IRS has created a new Office of Conservation Easements and plans to change the process for settling disputed claims for the lucrative tax breaks.
IRS updates guidance on overtime deduction
The Internal Revenue Service has updated the questions and answers in its fact sheet on the new overtime deduction under the One Big Beautiful Bill Act, now known as the Working Families Tax Cuts.
Northeast firms merge as BST Gallagher Flynn
Latham, New York-based BST & Co. and South Burlington, Vermont-based Gallagher, Flynn & Co. completed a merger.
IRS proposes rules to deny tax credits to undocumented immigrants
Proposed regulations would prohibit undocumented immigrants from receiving much of the money from refundable tax credits such as the EITC, CTC and AOTC.