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.
Category: NYT Accounting News
Inventor patents variation on double-entry accounting
Edward Kellman, CEO and chief design engineer of Trakker Apps, holds two U.S. patents for an innovative take on double-entry accounting.
COSO, NACD propose corporate governance framework
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.
Is private equity bringing accounting down or lifting it up?
Consolidation, when done right and with clients and people at the forefront, is not about sacrificing quality for profit.
Finding the right state and local credits and incentives
When a company considers adding new jobs or making new investments, many state and local authorities offer tax incentives to support that growth.
In the blogs: Beautiful noise
SALT and the bill; digital taxes worldwide; retaining clients; and other highlights from our favorite tax bloggers.
AICPA’s Carl Peterson to retire
Peterson will retire on June 30 after serving as vice president of small firm interests at the American Institute of CPAs for 11 years.
IRS leveraging AI for audits amid layoffs
The Internal Revenue Service is expected to lean more heavily on artificial intelligence technology to select cases as it carries out widespread layoffs.
Illinois passes licensure changes bill
The bill creates two additional pathways to CPA licensure and preserves the 150-hour path.
Tax Fraud Blotter: Wholesale fraud
Book’im; out of Service; what a pill; and other highlights of recent tax cases.