The Senate Republican tax proposal unveiled Thursday would cost $516 billion over a decade after assuming macroeconomic benefits as a result of the tax cuts, according to a new analysis Friday by the Tax Foundation, a right-of-center Washington think tank.
The Public Company Accounting Oversight Board is finding many of the same problems at auditing firms during its most recent inspections that it has admonished firms for in the past, according to a new report.
Carr, Riggs & Ingram, a Top 100 Firm that has mostly operated in the Southeast, is expanding to New Mexico and Texas by merging in RPC CPAs + Consultants, LLP, New Mexico’s largest CPA firm.
The Big Four firm will also focus on attracting more future-forward skills, such as in blockchain and cybersecurity.
The Senate tax proposal released Thursday would restrict employees earning at least $500,000 from making so-called “catch-up” contributions to 401(k) workplace retirement plans.
Each generation joins the workforce gradually as members come of working age and ultimately fades out of the workforce as members reach retirement age, but there is a time in the middle when each generation becomes the largest group in the workforce. For millennials, that time is now.
Coinbase Inc. customers who haven’t reported their cryptocurrency gains to the Internal Revenue Service, beware.
Tax breaks cherished by both the fossil fuel and renewable energy industries emerged unscathed in a tax plan unveiled in the U.S. Senate, according to details of the bill released Thursday evening by the chamber’s main tax writing committee.
Partnerships, limited liability companies and other businesses could keep using state and local tax deductions that would be repealed for individuals, the chairman of the House tax writing panel said in a letter Thursday.
The Senate tax bill that’s due to be released Thursday won’t include an excise tax on certain payments U.S. multinationals make to overseas affiliates, according to a person familiar with the legislation.
