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Federal Court Shuts Down New York Tax Preparer

CPA Practice

A federal court in the Eastern District of New York issued a permanent injunction yesterday against a Brooklyn, New York, tax return preparer.

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New York Business Stifled Due to Federal Research Capitalization Rules

Withum

Whether it is manufacturers, clothing designers, software developers, plant breeders, winemakers, or engineers, businesses across New York State are shocked to hear how significantly their federal tax bills are increasing for the 2022 taxable year even when their earnings remain the same.

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New York City’s Tax Code Adopts Significant Changes

Withum

New York City’s tax code was amended on August 31, 2022, to harmonize a number of the City’s provisions with New York State. New York City Corporate Economic Nexus. This legislation does not apply to New York City Unincorporated Business Tax or General Corporation Tax.

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BDO USA Adds 60 New Principals for 2024

CPA Practice

The class of 2024 includes: Chris Adamson , Assurance, Boston Armen Aghajani , Advisory, Orange County, CA Sean Ahmadinejad , BDO Digital, Houston Kristi Allen , Tax, Denver Phil Barnes , Assurance, Philadelphia Ruel Bognot , Assurance, Dallas Will Borden , Advisory, New York City Merci Bowie , Assurance, Washington, D.C.

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Treasury’s On-Demand Pay Proposal Shows IRS’s Concern with Constructive Receipt, Says Tax Services Director

ThomsonReuters

A tax services director in Washington D.C. says that the Treasury Department’s proposal to clarify the tax treatment of on-demand pay arrangements makes it “clear” that the IRS is concerned with the constructive receipt issue of this trending employee benefit.

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Weaver Admits 17 to Partnership

CPA Practice

The class of 2024 at Weaver includes: Hillary Balares , Audit Services, Dallas Anthony Giroux , Tax Services, Houston Rhonda Goddard , Private Client Services, Oklahoma City Alex Hill , Audit Services, Pasadena, CA Angela Joseph , Tax Services, Austin, TX Brandi Kleinman , Forensics and Litigation Services, Dallas Jennifer Krieger , Valuation Services, (..)

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2024 Projected Public Accounting Salaries in Eight HCOL Cities

CPA Practice

For this article, we reviewed 2024 starting salary projections for eight public accounting positions in the following eight HCOL cities: New York, San Francisco, Boston, Washington, D.C., New York City Salaries in New York City are 38% higher than the national average. Salaries in Boston and Washington, D.C.