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IRS Announces Tax Inflation Adjustments for 2025
Taxation
The IRS announced on Oct. 22 the yearly inflation adjustments for tax year 2025. Revenue Procedure 2024-40 offers…
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Treasury, IRS Publish Sustainable Aviation Fuel Credit Guidance
Taxation
The Treasury Department and the IRS published Notice 2024-74 for the Sustainable Aviation Fuel (SAF) credit established…
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AICPA and NATP Express Disapproval Over Intuit's Ad Campaign
Taxation
The AICPA and National Association of Tax Professionals (NATP) recently expressed disapproval of Intuit's ad promoting its …
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Accountants Prepare Clients for the 'Seismic Shift' of Universal Wallet Reporting’s End
Accounting
Accounting Today reported that cryptocurrency accountants have been helping their clients prepare for what they see as a…
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GASB Issues Guidance Establishing Requirements for Disclosure of Certain Capital Assets
Accounting
The Governmental Accounting Standards Board (GASB) published guidance on Oct. 17 to provide users of government financial…
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AICPA and NASACT Call for More Competitive Pay for Government CPAs
Accounting
State and local governments are experiencing a shortage of accounting professionals, making it sometimes hard to hire staff…
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Mark Koziel to Replace Barry Melancon as AICPA & CIMA CEO
Accounting
The AICPA Board of Directors announced that it has appointed Mark Koziel as AICPA & CIMA's next CEO after a thorough…
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Talent Shortage in Tax and Finance Causes a Shift to Skill-Driven Hiring, Survey Says
Accounting
In a survey released Oct. 9, EY highlighted the ongoing trend of talent shortages in tax and finance, saying they are…
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AICPA Suggests Changes to Agencies' Guidance on Basis-Shifting Transactions Related to Partnerships
The Trusted Professional
The AICPA submitted on Oct. 3 a comment letter to the Treasury Department and the IRS about their guidance package that…
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