Mayor Brandon Johnson’s plan to increase taxes on real estate transactions of $1 million or more was dealt a major blow.
Category: NYT Accounting News
The 20 worst states for doing business
The lowest-ranked states have property and unemployment insurance taxes like every state, but significantly they also have complex, non-neutral taxes with comparatively high rates.
IRS offers guidance on USDA discrimination program
The Internal Revenue Service issued a FAQ on a program that offers help to farmers, ranchers and forest landowners who experienced discrimination by the USDA in farm lending.
Accounting standards blamed for lack of accountants
It’s not just the 150-hour rule for obtaining a CPA license that may be the culprit for the talent shortage, according to an academic study.
International tax changes bring uncertainty to global companies
The changes underway in setting global taxes are leading to confusion for many countries that authorities are trying to alleviate.
SEC cyber rules will have wide impact amid uncertainty
The SEC’s new cybersecurity disclosure rules will affect plenty of businesses, but a survey finds many cyber professionals lack confidence they can comply in time.
On the move: Brady Martz CEO to retire
Grimbleby Coleman launches new wealth management division; HHM CPAs hires three senior managers; and more news from around the profession.
Tax Fraud Blotter: Cheesy
Repair thyself; this beauty’s a steal; oh mama; and other highlights of recent tax cases.
Firms grapple with sustainability reporting and assurance
Most companies are providing some disclosures about their sustainability efforts, but not as many are getting assurance on their numbers from auditing firms.
IRS free tax system moves into public test phase
The Internal Revenue Service’s Direct File pilot program has expanded beyond internal testing of its free tax prep system to taxpayers in a dozen states.