Did you recently accomplish your dream of getting your Certified Management Accountant designation? Congratulations! Getting your CMA certification is a huge step in moving your accounting career forward, as it will open so many more doors for you. Now that you are an official CMA, you likely want to make the most of your new designation and go full speed […]
The Treasury Department and the Internal Revenue Service issued final regulations to eliminate a so-called “family glitch” in the rules for qualifying for premium tax credits to subsidize the cost of health coverage under the Affordable Care Act. The Democrats leading the main tax committees in Congress hailed the move, but a Republican leader said the move ran counter to […]
The New Jersey Society of CPAs said Wednesday that longtime CEO and executive director Ralph Thomas plans to retire June 30, 2023. Thomas has been leading the NJCPA since 1999, advocating on behalf of accountants in both the state capital of Trenton and in Washington, D.C. The 13,000-member group has appointed a search committee and enlisted an outside recruitment firm […]
The Justice Department is investigating whether Credit Suisse Group AG continued to help U.S. clients hide assets from authorities, eight years after the bank paid a $2.6 billion tax-evasion settlement and pledged to tackle the issue. Investigators are examining whether the bank aided U.S. account holders, particularly with South American passports, who may not have told the Internal Revenue Service about assets […]
Taxes and fintech: Two words that most people aren’t used to seeing side by side. That’s going to change. Tax planning and filing is the next big fintech trend. Yes, automation, artificial intelligence, robotic process automation and bots are most definitely still on our radar — and in fact, these are the tools powering tax planning. But it’s more than […]
The Internal Revenue Service’s Criminal Investigation unit in Mexico City helped locate 79 criminal fugitives in Mexico, Belize, El Salvador, Guatemala and Honduras in the past fiscal year as part of a new international initiative. Until 2020, tax crimes were nonextraditable offenses in Mexico, so tax fugitives were able to find refuge there. When Mexico changed its tax laws that […]
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