The Trump Organization and its longtime chief financial officer, Allen Weisselberg, will go on trial Oct. 24 on tax fraud charges, after a New York state judge rejected their request to dismiss the case. The ruling and trial date capped a week of legal threats for Donald Trump. While he
Under the Inflation Reduction Act, both existing and expired energy efficiency tax incentives for commercial and multifamily building owners, investors, developers and homebuilders have been expanded significantly. Increase and expansion of 179D tax deduction The already permanent 179D tax deduction has been significantly increased from the current maximum of $1.88
The AICPA and CPA.com are seeking applicants for its 2023 Startup Accelerator program. This year they are particularly interested in companies that specialize in accounting, tax, fintech, regtech and ESG solutions. The 2023 program is open to startups around the world so long as they have a working product or
Dragging myself to work the other day, I couldn’t help but laugh when the Alan Jackson classic, “Ain’t No Cure for the Summertime Blues,” came on my car radio. With a heat wave gripping large swaths of the country, the economy tiptoeing around a recession, and CPAs grinding through a
A group of seven Microsoft Dynamics resellers — normally fierce rivals — have put aside their differences to aid their Ukrainian team members amid the Russian invasion. Taking part in this effort are ArganoArbela, Clarity, Global Mediator, OntargIT, and VAR 100 firms SIS and Smart Business, all of whom have
Robert Brockman, who built a multibillion-dollar fortune as a software entrepreneur and investor before he was indicted in a landmark tax-evasion case, has died. He was 81. Brockman, who was suffering from dementia and undergoing home hospice care, died late Friday, said Kathy Keneally, his attorney. He’d been fighting tax-evasion
All Bonadio Group offices were closed on Friday, as the CPA firm celebrated its fifth annual Purpose Day. This tradition encourages staff members to spend a day volunteering at various charitable organizations, and over 560 staff members participated across New York State. “Just as with our client relationships, the Bonadio
The American Institute of CPAs has sent comments to lawmakers in the House and Senate about the tax proposals in the Biden administration’s climate, tax and spending bill, which could be seeing a vote as soon as this weekend in the Senate. Last night, one key holdout senator, Kyrsten Sinema,
Vertilocity, a managed services provider owned by Top 100 Firm HBK, announced a merger with Odyssey Software, a Pennsylvania-based implementer of cloud-based products including Acumatica, Kronos Workforce Ready, and QuesticaBudgeting. The combined firms will operate as Vertilocity, which itself is the product of an August 2021 merger between Vertical Solutions
Senator Kyrsten Sinema is seeking to preserve a tax break for investment managers and narrow a levy hike on large corporations in the economic package Democrats want to pass as soon as this week, people familiar with the discussions said. The Arizona Democrat, a pivotal vote in the Senate, is