The Internal Revenue Service’s Tax Exempt and Government Entities division is making plans for next fiscal year in hopes that Congress will provide more funding. The TE/GE division released a list of its priorities Thursday in a letter from TE/GE commissioner Sunita Lough and deputy commissioner Edward Killen, who also
Businesses of all sizes are turning to cloud-based solutions to assist in their accounting and finance functions. However, businesses may end up facing roadblocks down the line due to limitations in software. On the surface, these software platforms may appear efficient, but with problems ranging from inflexible processes to data
A vast overhaul of corporate taxation won support from 136 countries, as nations resolved key differences over the level of a global minimum rate and an end to new digital taxes that the U.S. has deemed discriminatory. The group includes all nations in the Group of 20, European Union and
Ireland is ready to sign up to a proposed global agreement for a minimum tax on companies, a climbdown that removes one hurdle to an unprecedented deal that would reshape the landscape for multinationals. On the eve of a key meeting between 140 countries hosted by the Organization for Economic
CliftonLarsonAllen is teaming up with the National Association of Black Accountants to encourage more diversity, equity and inclusion in the accounting profession. The partnership represents a first of its kind corporate sponsorship for NABA. As part of the effort, CLA is committing to increase workforce diversity, expand its talent pool
The latest federal tax laws, abusive shelters and residency are among the subjects of 18 new self-study seminars through the IRS Nationwide Tax Forums Online. The new seminars’ topics include due diligence; the Child Tax Credit and Earned Income Tax Credit under the American Rescue Plan; virtual currencies; abusive tax
Accountants of color and women took on increased workloads at firms during the COVID-19 pandemic, but didn’t necessarily see their careers advance, according to a new study. For the study, Thomson Reuters Tax & Accounting and the PrimeGlobal accounting firm association polled more than 300 tax and accounting professionals from
Ani Zadorian Ani Zadorian was promoted to partner at JLK Rosenberger, Glendale, where she works in the insurance practice. Cecil Demorris Brown was hired as a regional market leader at Poe Group Advisors to guide the firm in expanding into and serving clients in the California market. Jonathan Blackburn was
The use of a spousal lifetime access trust, or SLAT, to eliminate the risk of changes in the estate and gift tax system can help separate legacy assets from lifetime assets. SLATs can be a planning solution to address the difficulties of making that separation. This article will help estate
The Superfund is on its way back. Originally enacted in 1980 as the Hazardous Waste Contamination Act, the Superfund was an excise tax assessed against the chemical, oil and gas industries, according to John Beatty, general manager over excise tax at Avalara. “It hit anyone who used items from a
