President Trump’s ‘big beautiful bill’ continues to move through the House and Senate.
Category: NYT Accounting News
IESBA offers Q&A on tax planning ethics
The International Ethics Standards Board for Accountants staff posted guidance to support adoption of its Tax Planning and Related Services Standards.
Firms aim to upgrade PM systems, tech infrastructure
Tech-forward CPA firms reported a variety of areas in need of a tech upgrade, especially practice management systems and tech infrastructure.
Tax Fraud Blotter: Patently false
An unclean sweep; quite an education; Ferrari fever; and other highlights of recent tax cases.
New bill would expand QBI deduction for small biz
Democratic Rep. Gwen Moore introduced legislation to expand the Section 199A Qualified Business Income deduction for the smallest businesses.
Bennett Thrasher resists PE investment
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.
When accounting judgments lead to legal liability
Judgments that are overly optimistic, unsupported, or poorly documented can tip into the territory of errors or fraud, leading to restatements and enforcement.
SALT Republicans have to accept ‘unhappy’ deal, GOP chair warns
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.
Republicans to pay for Trump tax cuts with sales of public land
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.
AvidXchange to be bought by Corpay, TPG for $2.2B
The AP solutions provider has agreed to be acquired by an asset management firm and payment solutions provider, after which it will go private.