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Remembering Roger Russell and Jeff Stimpson
1+ day, 2+ hour ago (177+ words) Roger attended Princeton University and New York University Law School and worked at CCH for six years before joining Accounting Today. He was very proud of his Scottish heritage and often attended the annual Tartan Day Parade. Roger was always…...
Wisconsin passes CPA licensure changes bill
1+ day, 2+ hour ago (198+ words) The bill, supported by the Wisconsin Institute of CPAs, keeps the existing pathways while also creating a third path to licensure: a bachelor's degree, two years of experience and passage of the CPA exam." The legislation will go into effect…...
On the move: BerryDunn names first chief transformation officer
1+ day, 4+ hour ago (110+ words) Two of our longtime cherished colleagues at Accounting Today have passed away: Roger Russell and Jeff Stimpson. The Wisconsin legislature passed a bill that establishes an additional pathway to CPA licensure, and it awaits Gov. Tony Evers' signature. Centri promotes…...
Hong Kong regulator urges IPO auditors to safeguard quality
1+ day, 4+ hour ago (284+ words) Hong Kong's accounting regulator urged auditors handling initial public offerings to assess whether they have sufficient resources and expertise, warning that a surge in listing activity could put pressure on quality. In an open letter, the Accounting and Financial Reporting…...
US details new China limits for clean energy tax credits
1+ day, 8+ hour ago (343+ words) The Trump administration issued new guidance on the use of foreign materials and components in U.S. clean energy projects, in a move that would further limit access to lucrative tax credits. Chinese solar stocks fell on Friday. Jinko Solar Co. dropped…...
IRS gives guidance on energy tax credits, prohibited foreign entities
1+ day, 18+ hour ago (327+ words) The Internal Revenue Service and the Treasury Department plan to propose regulations on a provision of the One Big Beautiful Bill Act restricting certain energy-related tax credits when so-called "prohibited foreign entities" have provided any material assistance. In Notice 2026-15, the…...
Xero sees 'emotional tax' on small business from financial stress
1+ day, 19+ hour ago (206+ words) Small business owners are losing the equivalent of 33 working days a year due to financial stress, according to a report released Thursday by small business accounting software maker Xero. "Ongoing financial stress has become a persistent and defining factor in…...
Millionaire tax tests a state's 93-year aversion to income levy
2+ day, 1+ hour 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…...
ICON shares plunge after launching accounting probe
2+ day, 2+ hour 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…...
Depreciation, recapture and the illusion of tax savings
2+ day, 6+ hour 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…...