Plus, Citrin Cooperman launches transfer pricing practice; KNAV debuts enterprise GRC platform; and other firm and personnel news.
Category: NYT Accounting News
Tax pros push for passage of Taxpayer Assistance and Service Act
The National Association of Tax Professionals is asking Senate Finance Committee leaders to prod their colleagues to take up the wide-ranging legislation.
IRS faces obstacles on electronic payments
The Internal Revenue Service is making progress on its efforts to move all taxpayers toward electronic payments, but still faces barriers.
Pentagon to start using U.S. GAAP instead of cost accounting
The Defense Department plans to shift from its traditional use of cost accounting to the more widely prevalent U.S. GAAP to make it easier to do business with companies.
When filing overdue tax returns requires criminal defense, not just an accountant
If the non-filing was innocent, the strategy may be civil. If it was willful, the strategy may need to begin with criminal tax counsel.
How student athlete salaries are changing college sports
There’s a new financial model in college sports, and it looks a lot more like the club seats and swanky amenities offered by pro teams.
House committee advances digital asset, EFIN and gambling tax bills
The House Ways and Means Committee held a markup session to consider the Digital Asset Tax Certainty Act, EFIN Verification Act and FULL HOUSE Act.
Savant rebrands tax arm, adds two Illinois firms
Savant Wealth Management rebranded its tax and consulting arm as Savant Accounting & Business Advisory and simultaneously acquired two tax firms, expanding its presence in Illinois.
Randy Crabtree creates Brainstorm Group
The longtime accounting profession leader and conference speaker announced the debut of his new consulting and advisory practice.
The IRS charged the interest. Was it legal?
If your clients carried federal tax debts through the pandemic, the interest deserves a second look.