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Trump ends trade talks with Canada, threatens to set tariff

President Donald Trump said he was ending all trade discussions with Canada in retaliation for the country’s digital services tax, and threatened to impose a fresh tariff rate within the next week. “Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We

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On the move: Louis Plung & Co. names co-MP

Withum building in Princeton, N.J.Courtesy of WithumSmith+Brown Withum, Princeton, appointed: Matt Walsh to practice leader of the industrial and consumer products services team; Michael George to practice leader of the health care services team, succeeding Scott Mariani; Mike Mulhearn to practice leader of the dealerships services team; Wally Merkas to

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Baker Tilly to acquire KraftCPAs

Baker Tilly, a top firm based in Chicago, is making its latest big deal, announcing its intention to acquire KraftCPAs PLLC, a Regional Leader based in Nashville. The deal will expand Baker Tilly’s presence in the Southeast and comes on the heels of its megamerger with Moss Adams.  Financial terms

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PCAOB fines Deloitte, PwC, EY member firms for exam misconduct

The Public Company Accounting Oversight Board today sanctioned three Netherlands member firms of Deloitte, PricewaterhouseCoopers and EY after finding widespread exam misconduct.  The PCAOB found that from 2018 to 2022, Deloitte Netherlands, PwC Netherlands and EY Netherlands failed to prevent or detect hundreds of the firms’ professionals — including partners

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GOP move to mask $3.8T tax-cut cost rings alarms

Senate Republicans are aiming to wipe away some $3.8 trillion of federal budget red ink from the GOP’s signature tax-and-spending bill with an unprecedented parliamentary maneuver, stoking concerns about long-term U.S. fiscal policy. Republicans are using a fast-track legislative process known as reconciliation, which will allow them to make President

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Mississippi, Texas storm victims get tax relief

Brad Vest/Photographer: Brad Vest/Getty Im Individuals and businesses in parts of Mississippi and Texas who were affected by severe weather that began in March now have until Nov. 3 to file various federal individual and business returns and make tax payments. The IRS is offering relief to any area designated

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On the move: MACPA names next board chair

Beverly Edge Beverly Edge, chief operating officer, general counsel and partner at HHM CPAs, was named one of the 2025 Women of Distinction by the Greater Chattanooga community. The Tennessee Society of CPAs honored its top members in six different categories at its 94th Annual Meeting and Convention held in

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Tax Fraud Blotter: Negative waves

Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. and to wire fraud. Yager used clients’ information to present false returns to the IRS

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Ryan advises clients on tariff issues

Ryan, a global tax services firm based in Dallas, recently launched the Ryan Tariff Task Force to help clients deal with the complex interplay between taxes and the constant threat of tariff increases. “I’ve been talking to a lot of clients,” said Tony Gulotta, principal and practice leader of Ryan’s

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In the blogs: Breathing room

Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers. Breathing room Current Federal Tax Developments (https://www.currentfederaltaxdevelopments.com/): The critical updates of Notice 2025-33, which impacts digital asset brokers and their compliance obligations under IRC Sections 6045, 3406 and related

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