The House Ways and Means Committee voted to advance a set of five tax-related bills, including one that would eliminate a twice-delayed requirement to report payments of at least $600 received through third-party networks like Venmo.
Category: NYT Accounting News
Tax relief for weather victims in Conn., New York
The IRS is pushing back payment and filing deadlines for taxpayers hit by August weather.
The accounting profession’s role in ESG reporting
CPA firms are perfectly positioned to provide advisory and assurance services on ESG reporting, given their infrastructure around audit quality, independence requirements, and professional development.
IRS and Treasury propose guidance on CAMT
The Internal Revenue Service and the Treasury issued proposed regs on the Corporate Alternative Minimum Tax.
Tax inflation adjustments expected to shrink
Bloomberg Tax & Accounting projects that inflation-adjusted amounts in the Tax Code will increase 2.8% in 2025 — roughly half the increase in 2024 and down from 7.1% in 2023.
ICPAS Summit: Facing the ‘hard trends’ in accounting
Illinois CPA Society president and CEO Geoffrey Brown and chair Deborah Rood discussed some of the hot topics in the profession during a recent ICPAS Summit.
November’s election is shaping up to be critical to tax planning
Whoever wins, ‘2025 is going to be a very interesting tax legislative year.’
Presidential debate touches on taxes
The debate Tuesday night between Kamala Harris and Donald Trump included little discussion about taxes, but pointed to at least some of their economic policies.
Opportunity zones and other strategies to save on capital gains
The OZ program allows investors to defer capital gains from sales of appreciated real estate, stocks, businesses, personal residences, collectibles and even crypto through 2026.
Springline Advisory looks to expand
Springline Advisory, a private equity-funded firm, is growing by bringing in accounting firms.