Staten Island’s Malliotakis open to $30K SALT cap
The debate over state and local tax deductions has been a thorny fight because it’s a political priority for a small but vocal group of Republicans.
GOP eyes endowment tax hike in escalation of Ivy League feud
The proposal would create a tiered system of taxation so that wealthy colleges and universities pay more as the size of their endowment grows.
PCAOB gives more help on quality control standard
The videos cover roles and responsibilities, ethics and independence, people resources, and technological and intellectual resources.
Tech news: KPMG rolls out AI trust service
Plus, EY announces Integrated Finance Managed Service; Ignition debuts AutoCollect solution; and other accounting tech news and updates.
Major tax legislation set to move
President Trump’s ‘big beautiful bill’ continues to move through the House and Senate.
IESBA offers Q&A on tax planning ethics
The International Ethics Standards Board for Accountants staff posted guidance to support adoption of its Tax Planning and Related Services Standards.
Firms aim to upgrade PM systems, tech infrastructure
Tech-forward CPA firms reported a variety of areas in need of a tech upgrade, especially practice management systems and tech infrastructure.
Tax Fraud Blotter: Patently false
An unclean sweep; quite an education; Ferrari fever; and other highlights of recent tax cases.
New bill would expand QBI deduction for small biz
Democratic Rep. Gwen Moore introduced legislation to expand the Section 199A Qualified Business Income deduction for the smallest businesses.
Bennett Thrasher resists PE investment
The Top 75 Firm based in Atlanta has steered clear of private equity funding so far and plans to remain independent, despite frequent calls and emails.