Residents with low income in these 20 states pay a smaller percentage of their income in tax.
Category: NYT Accounting News
In the blogs: Moving parts
Reform’s many aspects; healing your energy; BOI deadline problem; and other highlights from our favorite tax bloggers.
PCAOB sanctions firms for violating rules
The Public Company Accounting Oversight Board levied sanctions against firms in the U.S., Canada and the United Arab Emirates for violating various rules and standards.
IRS relaxes R&D tax credit refund claim requirements
The Internal Revenue Service is easing the rules for claiming a tax refund tied to a claim for the research and development tax credit.
Fuel generative AI investment with R&D tax credits
The confluence of generative AI’s boundless potential and the strategic application of the R&D tax credit can be a game-changer for businesses willing to lean into innovation.
Woodard: Firms using M&A to build CAS
The current wave of M&A activity is driven at least in part by the need for firms to build out their CAS practices quickly, said Joe Woodard at Scaling New Heights
Woodard: Advisory no safe haven from AI
During the annual Scaling New Heights conference in Orlando, Joe Woodard warned that AI means accountants must go beyond advisory and analysis to remain relevant.
IRS releases FAQs on educational assistance programs
The Internal Revenue Service and the Treasury Department issued guidance answering questions related to educational assistance programs.
M&A roundup: CSH and RKL expand
Clark Schaefer Hackett is adding Rolfes & Swisher; and RKL Virtual Management Solutions is merging in Kauffman CPA.
Tax savings on a healthy yield drive investments in preferred securities
The growing fixed-income products carry some risks, but their returns this year are attracting more financial advisors and their clients, according to experts.