The handoff of a company carries important tax implications alongside a plethora of succession challenges. Here’s what financial advisors need to talk about with clients.
Category: NYT Accounting News
Yellen, IRS trumpet crackdown on wealthy tax cheats
In the first half year of Inflation Reduction Act-funded enforcement, the Internal Revenue Service has recovered over $1.3 billion.
Supreme Court life insurance ruling has estate tax implications
In a landmark decision earlier this year, the Supreme Court addressed the valuation of shares in closely held corporations for federal tax purposes.
IRS-CI warns about sports betting and taxes
With football season now underway, the Internal Revenue Service’s Criminal Investigation unit is urging taxpayers to play by the rules when it comes to sports betting.
Best practices for recruiting college students
The accounting profession’s labor shortage means relationships between firms and colleges have never been more crucial in recruiting new talent.
On the move: Bennett Thrasher appoints COO
Marcum promotes 15 to partner; NDH Advisors rebrands; and more news from across the profession.
Tax Fraud Blotter: Incorrect positions
On ice; the end of the beginning; Speed trap; and other highlights of recent tax cases.
Meet the 2024 Best Small Firms to Work For
An introduction to the members of Accounting Today’s annual ranking of the top workplaces in the profession.
Meet the 2024 Best Midsized and Large Firms to Work For
An introduction to the members of Accounting Today’s annual ranking of the top workplaces in the profession.
SEC charges former Circor director with fraud
Nicholas Bowerman was charged with manipulating Circor’s internal accounting records, resulting in the company to overstate its financial performance by millions of dollars.