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Category: NYT Accounting News

NYT Accounting News

Major tax legislation set to move

May 8, 2025
President Trump’s ‘big beautiful bill’ continues to move through the House and Senate.
NYT Accounting News

IESBA offers Q&A on tax planning ethics

May 8, 2025
The International Ethics Standards Board for Accountants staff posted guidance to support adoption of its Tax Planning and Related Services Standards.
NYT Accounting News

Firms aim to upgrade PM systems, tech infrastructure

May 8, 2025
Tech-forward CPA firms reported a variety of areas in need of a tech upgrade, especially practice management systems and tech infrastructure.
NYT Accounting News

Tax Fraud Blotter: Patently false

May 8, 2025
An unclean sweep; quite an education; Ferrari fever; and other highlights of recent tax cases.
NYT Accounting News

New bill would expand QBI deduction for small biz

May 8, 2025
Democratic Rep. Gwen Moore introduced legislation to expand the Section 199A Qualified Business Income deduction for the smallest businesses.
NYT Accounting News

Bennett Thrasher resists PE investment

May 7, 2025
The Top 75 Firm based in Atlanta has steered clear of private equity funding so far and plans to remain independent, despite frequent calls and emails.
NYT Accounting News

When accounting judgments lead to legal liability

May 7, 2025
Judgments that are overly optimistic, unsupported, or poorly documented can tip into the territory of errors or fraud, leading to restatements and enforcement.
NYT Accounting News

SALT Republicans have to accept ‘unhappy’ deal, GOP chair warns

May 7, 2025
Jason Smith said he will to strike a balance between those who want no limit on the state and local tax deduction and those who want no write-off at all.
NYT Accounting News

Republicans to pay for Trump tax cuts with sales of public land

May 7, 2025
The plan mandates the sale of dozens of parcels totaling more than 11,000 acres (4,450 hectares) of federal land in Utah and Nevada.
NYT Accounting News

AvidXchange to be bought by Corpay, TPG for $2.2B

May 7, 2025
The AP solutions provider has agreed to be acquired by an asset management firm and payment solutions provider, after which it will go private.

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  • Daniel J. Hellmann, CPA
  • Debra S. Pitschman, CPA
  • Gil Davis, CPA/PFS
  • Evan Callahan, CPA
  • David J. Mesko, CPA

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