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Accounting Today
accountingtoday.com > articles > millionaire-tax-tests-a-states-93-year-aversion-to-income-levy

Millionaire tax tests a state's 93-year aversion to income levy

Millionaire tax tests a state's 93-year aversion to income levy4+ hour, 41+ min ago   (1244+ words) After nearly a century of trying, Washington state Democrats could finally pass an income tax " a move that would hit 30,000 or so top earners. A proposed 9.9% tax on incomes over $1 million has a good chance of winning approval in the…...

Accounting Today
accountingtoday.com > articles > icon-shares-plunge-after-launching-accounting-probe

ICON shares plunge after launching accounting probe

ICON shares plunge after launching accounting probe5+ hour, 13+ min ago   (289+ words) ICON Plc shares plunged in premarket trading after the health care services contractor said it may have overstated some of its past revenue and pulled its guidance for the year. U.S.-listed ICON said preliminary findings of a probe initiated last…...

Accounting Today
accountingtoday.com > opinion > depreciation-recapture-and-the-illusion-of-tax-savings

Depreciation, recapture and the illusion of tax savings

Depreciation, recapture and the illusion of tax savings9+ hour, 58+ min ago   (461+ words) Depreciation is often seen as one of the most attractive tools in tax planning. By allowing the gradual deduction of the cost of business assets, it creates an immediate sense of tax savings. In the short term, the effect is…...

Accounting Today
accountingtoday.com > news > how-taxes-can-dim-the-shine-of-gold-and-silver-investments

How taxes can dim the shine of gold and silver investments

How taxes can dim the shine of gold and silver investments22+ hour, 52+ min ago   (657+ words) Gold and other precious metals, traditionally a hedge against stock volatility, have been swinging drastically in value lately " but the taxes on those investments can be even more jarring to investors. Despite the tax complexity and recent market jitters, precious…...

News18
news18.com > business > tax > 5-key-pan-rule-changes-in-draft-income-tax-rules-that-could-impact-daily-transactions-9893954.html

5 Key PAN Rule Changes In Draft Income Tax Rules That Could Impact Daily Transactions

5 Key PAN Rule Changes In Draft Income Tax Rules That Could Impact Daily Transactions1+ day, 21+ hour ago   (439+ words) The draft rules, currently open for public feedback, are aligned with the forthcoming Income Tax Act, 2025, which is scheduled to take effect next year. A major proposal relates to cash deposits and withdrawals. Under the draft norms, PAN will be…...

News18
news18.com > business > tax > after-tiger-global-ruling-i-t-dept-issues-notices-to-foreign-vcs-pe-funds-9893950.html

After Tiger Global Ruling, I-T Dept Issues Notices To Foreign VCs, PE Funds

After Tiger Global Ruling, I-T Dept Issues Notices To Foreign VCs, PE Funds1+ day, 22+ hour ago   (259+ words) Buoyed by the Supreme Court's ruling denying tax treaty benefits to US investment firm Tiger Global, India's tax authorities have, over the past two weeks, issued notices to at least seven overseas venture capital and private equity firms. The Income…...

Accounting Today
accountingtoday.com > news > irs-learned-lessons-from-erc-fraud-wave

IRS learned lessons from ERC fraud wave

IRS learned lessons from ERC fraud wave2+ day, 1+ hour ago   (351+ words) The Internal Revenue Service has now closed nearly all outstanding claims for the employee retention credit after it was hit by billions of dollars in improper claims, aside from about 41,000 claims still under exam or appeal, according to a new…...

Accounting Today
accountingtoday.com > news > iaasb-to-pursue-non-authoritative-guidance-for-ai

IAASB to pursue non-authoritative guidance for AI

2+ day, 2+ hour ago   (305+ words) The International Auditing and Assurance Standards Board has decided to pursue non-authoritative guidance for now addressing some of the practical difficulties of applying its current standards to uses of emerging technology, like artificial intelligence." More practically, stakeholders are concerned about…...

Accounting Today
accountingtoday.com > news > citrin-cooperman-acquires-browne-consulting-group

Citrin Cooperman acquires Browne Consulting Group

Citrin Cooperman acquires Browne Consulting Group2+ day, 2+ hour ago   (207+ words) Citrin Cooperman today announced it acquired Browne Consulting Group, expanding its presence in Boston and strengthening its expertise in the life sciences and biotech sectors." Browne, which is based in Boston, adds roughly 60 employees to the Top 25 Firm, which is…...

Accounting Today
accountingtoday.com > opinion > beware-of-tax-implications-of-selling-precious-metal

Beware of tax implications of selling precious metal

Beware of tax implications of selling precious metal2+ day, 3+ hour ago   (760+ words) Due to higher technology demands, inflation concerns, and rising geopolitical uncertainty, investors are increasingly seeking hard assets for peace of mind." Gold, silver, platinum, palladium and other precious metals have increased in demand and risen to record prices. For instance,…...