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Some Solutions for State and Local Tax Deductibility

CPA Practice

By Girard Miller Governing (TNS) To help pay for middle-class tax cuts in 2017, Congress put a $10,000 limit on itemized deductions for state and local taxes, known as the “SALT” deduction. Yet when it was enacted, this move prompted more vocal complaints than almost any other tax law provision. The problem is how to pay for it.

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Some Solutions for State and Local Tax Deductibility

CPA Practice

By Girard Miller Governing (TNS) To help pay for middle-class tax cuts in 2017, Congress put a $10,000 limit on itemized deductions for state and local taxes, known as the “SALT” deduction. Yet when it was enacted, this move prompted more vocal complaints than almost any other tax law provision. The problem is how to pay for it.

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Grant Thornton Appoints New Leaders to Audit Quality & Risk Leadership Team

CPA Practice

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, has appointed two new leaders to the firm’s Audit Quality & Risk practice. He is a CPA in Texas and a member of the AICPA. He received a master’s degree and a bachelor’s degree in accounting from the University of Texas at Austin.

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AICPA News – July 2024

CPA Practice

Among other findings of the survey: “Keeping up with changes and complexity of tax laws” is a significant issue for sole practitioners through midsize firms. Sid Kess Award for Excellence in Continuing Education The Sid Kess Award for Excellence in Continuing Education was presented to Tony Nitti, CPA, MST, a National Tax Partner at EY.

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Here Are the 40 Elijah Watt Sells Award Winners for 2023

CPA Practice

Ryan Durbin , Texas, KPMG in Dallas. Yesenia Garcia , Texas, Calvetti Ferguson in San Antonio. Chris Hudson , Texas, KPMG in Houston. Jack Krause , Georgia, Financial Accounting Standards Board in Norwalk, CT. Thanh Tran , Texas, Alvarez and Marsal Tax in Houston.

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AICPA Recognizes Top 2022 CPA Exam Performers with Elijah Watt Sells Award

CPA Practice

Danielle Beaulieu (Virginia), a graduate of New York University with a Bachelor of Arts in economics and English literature and a Master in Professional Accounting from The University of Texas at Austin McCombs School of Business, is employed with PricewaterhouseCoopers in Washington, DC. Michael Paul Donnelly, Jr.

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Friday Footnotes: Retired EY Partners Hate on the Split; It’s a Raid!; ‘An Alphabet Soup of Technology’ | 11.18.22

Going Concern

US Audit Board Urged to Aid ESG Validation With Updated Rules [ Bloomberg Tax ]. For the IRS to-do list: Build trust with Congress, use clearer language with taxpayers [ Journal of Accountancy ]. Why Crypto Taxes Get Complicated (Especially for Institutions) [ CoinDesk ]. McDonnell allegedly is also a licensed attorney.