The U.S. has opted out of certain international bank reporting rules, and that may be of interest to high-net-worth individuals overseas. Venable’s Friedemann Thomma explains what this might mean for U.S. tax professionals and accountants.
The home stretch of tax season will see fraudsters’ biggest push – but cybersecurity expert Kevin O’Brien says that taxpayers and tax professionals accountants will still need to protect themselves after that.
The White House made its opening bid for what officials called the “biggest tax cut” in U.S. history—with cuts that would benefit businesses, the middle class and certain high-earning individuals—but left unanswered questions about whether the plan would be paid for, or how.
The American Institute of CPAs has introduced a cybersecurity risk management reporting framework to help auditors and companies to demonstrate what they are doing to safeguard against data breaches, hacking and other technology-related dangers.
Treasury Secretary Steven Mnuchin confirmed the administration will propose a corporate tax rate reduction to 15 percent and said lawmakers broadly agree on the need for a tax overhaul, citing a “very successful meeting” on Tuesday evening in Washington.