Tax
Tax News & IRS Insights for Accounting Professionals
Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.
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Global corporations are hoping to fend off requirements for reporting on the amount of taxes they pay in each jurisdiction, while regulators are moving forward cautiously with imposing such rules.
June 29
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The advisory committee's annual report offers a long list of recommendations and potential improvements.
June 29
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A recent study of companies with enterprise resource planning systems found they are correlated with lower tax burdens and more aggressive tax positions.
June 29
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The Internal Revenue Service provided transitional guidance on the 1% excise tax on corporate share repurchases that was part of last year's Inflation Reduction Act.
June 29
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The real competition isn't between CPAs and ChatGPT; it's between CPAs who leverage AI tools to their advantage and those who don't.
June 29
L&H CPAs and Advisors -
Part of the point of the follow-up mailing is to clear up any confusion that may have arisen from an earlier mailing.
June 28
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A pair of senators are reintroducing bipartisan legislation to eliminate gender-specific spousal references in the Tax Code and protect LGBTQ+ Americans from discrimination.
June 28
