Between inflation and reduced contributions, charities and not-for-profits are being squeezed and need extra help and time to file their Form 990 with the IRS.
Category: NYT Accounting News
Governance and leadership dynamics in accounting firms need scrutiny
The shift of public accounting firms, traditionally focused on providing auditing and tax services, into expansive multidisciplinary firms has long raised concerns among investors and regulators.
Biden vetoes repeal of requirement to count crypto as liability
The White House has vetoed a bill that would have repealed a measure requiring custodians of crypto assets to count them as liabilities on their balance sheets.
Spanish court grants ‘Bitcoin Jesus’ bail in extradition fight
A crypto investor known as “Bitcoin Jesus” has been released on bail in Spain, where he faces extradition to the U.S. on tax fraud charges.
In the blogs: Big pictures
Our confusing Tax Code; IRS mail problems; disaster victims’ deadline; and other highlights from our favorite tax bloggers.
IRS Direct File program may be cut by GOP next year
The Internal Revenue Service’s plans to expand the Direct File free tax program nationwide next year could meet an early demise if Republicans gain control of Congress and the White House next year.
Small businesses added more jobs in May, but wage growth slowed
Hourly earnings growth for employees slid to their lowest level since the middle of 2021, according to Paychex.
AAA takes stewardship of Two-Year Bridge Symposium
Stewardship and administration of the educational initiative is being transferred from North Carolina Agricultural and Technical State University to the American Accounting Association Foundation.
M&A roundup: NDH, Kostelanetz and Avantax expand
NDH acquired McGowan Guntermann; Kostelanetz combined with Welty; and Avantax added Erin Hinzmann.
New chief taxpayer experience officer named at IRS
Agency veteran Fumino Tamaki and her staff will work with other IRS units to apply customer service best practices.