How can tax leaders “open the lid” enough to deliver the right transparency and accountability, without unleashing unmanaged data flows and compliance risk?
Category: NYT Accounting News
AICPA weighs in on state partnership income sourcing rules
The American Institute of CPAs has sent a letter to the Multistate Tax Commission recommending changes in a proposed approach to sourcing of partnership income.
AAA urges Ed. Dept. to recognize accounting professional degrees
The American Accounting Association is calling on the Department of Education to reverse course after proposing to remove accounting from its definition of “professional degree” programs.
New book examines profitability analytics
A recently released book explains a framework for improving a company’s profitability.
IRS mulls regulations for tax credits for scholarships
The IRS and the Treasury are asking for comments on regulations they plan to propose for a new tax credit for donating to organizations that give scholarships.
Trump, GOP head into Thanksgiving without Obamacare premium fix
Republicans are divided on whether to extend premium tax credits, loathed by the GOP’s right flank because of the costs and lingering opposition to former President Obama’s legislative achievement.
Maner Costerisan merges in Baker Holtz
The Regional Leader is expanding its presence in Western Michigan, effective Jan. 1, 2026.
AICPA, NASBA object to Ed. Dept. downgrade of accounting degree programs
The American Institute CPAs, the National Association of State Boards of Accountancy and state CPA societies voiced their objections to a government proposal.
FASB releases hedge accounting standards update
The Financial Accounting Standards Board issued a new accounting standards update aimed at improving its existing hedge accounting guidance.
First-time penalty abatement will soon be automatic
Understanding the authority, eligibility criteria and automation advantages of the program will be essential for firms representing clients before the IRS.