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Taxes March 7, 2025 

In the wake of recent reports of workforce reductions at the Internal Revenue Service (IRS), President and CEO, Mark Koziel, CPA, CGMA, of the American Institute of CPAs (AICPA) released the following statement.

Isaac M. O'Bannon

Taxes March 7, 2025 

The Tax Blotter is a round-up of recent tax-related news briefs.

Ken Berry, JD

Small Business March 7, 2025 

The Trump administration recently announced that it is halting all enforcement actions tied to the Corporate Transparency Act; however, small businesses are not out of the woods yet.

Taxes March 7, 2025 

Even though the Tax Court is commonly thought of as the forum of last resort for appealing tax bills and other IRS issues, there is a way to appeal a Tax Court ruling. However, the chances of success of these appeals are often relatively low.

Financial Reporting March 6, 2025 

The AICPA awaits the release of additional details later this month but believes that Treasury is headed in the right direction with this decision.

Isaac M. O'Bannon

Accounting March 6, 2025 

Through Lili Connect, corporate formation services partners can now offer their customers streamlined banking, accounting, and tax preparation solutions.

Isaac M. O'Bannon

Auditing March 6, 2025 

The Topical Requirements are a key element of The IIA’s broader International Professional Practices Framework, alongside the Global Internal Audit Standards and Global Guidance.

Isaac M. O'Bannon

Small Business March 6, 2025 

The shift reflects growing concerns about inflation and tariffs, according to the survey, which polls chief executive officers, chief financial officers, controllers, and other certified public accountants.

Isaac M. O'Bannon

Accounting March 6, 2025 

Center’s software, together with American Express’ corporate and small business cards, will aim to create a seamless expense management platform that delivers more value across the commercial card payments process.

Isaac M. O'Bannon

Accounting March 6, 2025 

The AI feature enables users to automate and simulate the entire contract review process using natural language prompts and the tool’s testing engine, enhancing efficiency.

Isaac M. O'Bannon

Taxes March 6, 2025 

For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on March 6.

Jason Bramwell

Mergers and Acquisitions March 6, 2025 

The transaction, expected to close at the end of March, enhances the private equity-backed top 50 firm's national real estate service offering and expands Cohen's presence in the Chicago market.

Jason Bramwell