The U.S. will collect duties of between 10% and 12.5% on imports from most major trading partners, its biggest move yet to reconstruct President Donald Trump’s tariff wall that was struck down by the Supreme Court. Processing Content The new levies follow an investigation into the alleged failure of around
A group of Democratic legislators in Connecticut with degrees from Yale University are threatening the school’s tax-exempt status if leaders make a deal with the Trump administration over probes into admission practices. Processing Content Yale President Maurie McInnis acknowledged last week that the school is communicating with the Department of
Negro Elkha – stock.adobe.com Every major technology shift removes one constraint and exposes another. Cloud removed the constraint of location. Automation removed much of the repetitive work. Now artificial intelligence is making it dramatically easier to identify opportunities hidden inside mountains of client data. Processing Content That’s incredible progress. But
Top 100 Firm KLR acquired Franklin, Massachusetts-based Pavento, Ratcliffe, Renzi & Co. Processing Content Pavento, Ratcliffe, Renzi offers specialized tax and accounting services, with industry focuses on family-owned businesses, health care, hospitality, life sciences and medical devices, manufacturing, not-for-profits, professional services ,real estate, renewable energy, technology, venture capital and private
Shakira thought she’d won. After a judge in April wiped out €55 million ($63 million) in tax claims against her, she dedicated her victory to “ordinary citizens who are abused and crushed every day by a system that presumes their guilt.” Processing Content Spain’s tax agency has since asked the
A windfall in corporate profits for the country’s largest banks has led to billions in extra tax revenue for New York City, shrinking the city’s budget shortfalls although not nearly enough to fund Mayor Zohran Mamdani‘s progressive agenda. Processing Content Business tax revenue in June was about 50.9% higher than
Shakira’s fight with Spain’s tax agency is set to head to the country’s highest court after authorities challenged an earlier ruling that had erased €55 million ($64 million) in claims against the singer. Processing Content The appeal was filed with the Supreme Court by state attorneys on behalf of the
The conversation surrounding AI in accounting often steers toward the elimination of roles or the automation of routine tasks. However, the real transformation AI brings to the industry goes beyond mere replacement; it’s about exposure and clarity. Processing Content AI essentially shines a light on the structural disparities that have
Accounting practice management solutions provider Firm360, in partnership with tax prep software company Juno, announced Firm360 AutoPrep, for firms doing tax prep on major tax software. Processing Content AutoPrep takes the client tax documents firms already collected in Firm360 and turns them into entered, verified data in their tax software,
Generative AI is quickly replacing search as the go‑to source for inquiries about complex accounting services. One side effect of that change is that traditional accounting thought leadership is being rendered invisible—unless it shows up as citation‑worthy evidence inside AI’s answers. Processing Content It’s not just accounting marketers that are