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Category: NYT Accounting News

NYT Accounting News

IRS backs off Biden-era rule on partnership basis-shifting

May 28, 2025
The Trump administration is changing many prior policies, but supporters of this proposal are calling for further action to protect the complex tax savings maneuver.
NYT Accounting News

Inventor patents variation on double-entry accounting

May 28, 2025
Edward Kellman, CEO and chief design engineer of Trakker Apps, holds two U.S. patents for an innovative take on double-entry accounting.
NYT Accounting News

COSO, NACD propose corporate governance framework

May 28, 2025
The Committee of Sponsoring Organizations of the Treadway Commission and the National Association of Corporate Directors released an exposure draft of their Corporate Governance Framework.
NYT Accounting News

Is private equity bringing accounting down or lifting it up?

May 28, 2025
Consolidation, when done right and with clients and people at the forefront, is not about sacrificing quality for profit.
NYT Accounting News

Finding the right state and local credits and incentives

May 28, 2025
When a company considers adding new jobs or making new investments, many state and local authorities offer tax incentives to support that growth.
NYT Accounting News

In the blogs: Beautiful noise

May 27, 2025
SALT and the bill; digital taxes worldwide; retaining clients; and other highlights from our favorite tax bloggers.
NYT Accounting News

AICPA’s Carl Peterson to retire

May 27, 2025
Peterson will retire on June 30 after serving as vice president of small firm interests at the American Institute of CPAs for 11 years.
NYT Accounting News

IRS leveraging AI for audits amid layoffs

May 27, 2025
The Internal Revenue Service is expected to lean more heavily on artificial intelligence technology to select cases as it carries out widespread layoffs.
NYT Accounting News

Illinois passes licensure changes bill

May 27, 2025
The bill creates two additional pathways to CPA licensure and preserves the 150-hour path.
NYT Accounting News

Tax Fraud Blotter: Wholesale fraud

May 27, 2025
Book’im; out of Service; what a pill; and other highlights of recent tax cases.

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  • Debra S. Pitschman, CPA
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  • David J. Mesko, CPA

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