Alphabet Inc.’s Google has emerged as one of the firms that PwC Australia targeted when it used confidential tax policy information to tip off customers. PwC, which was advising the Australian government on incoming tax rules for multinational companies, told Google about the start date of the legislation. PwC Australia
Thomson Reuters plans to invest $100 million per year in artificial intelligence starting next year, with plans to integrate the technology in its tax research and tax preparation systems as well as other areas. “The places we are going to be focusing on are some of the biggest, most enduring
Global tax professionals are concerned about the impact of the Organization for Economic Cooperation and Development’s latest base erosion and profit shifting plan, as well as artificial intelligence technology, according to a recent survey. The survey, released last month by Ernst & Young, polled 1,600 CFOs, heads of tax and
The Internal Revenue Service posted a fact sheet Friday on tax credits for renewable energy projects under the Inflation Reduction Act as part of the Biden administration’s push to incentivize green energy. They issued Notice 2023-18 to establish the program and to provide initial guidance, while also providing additional guidance on the
More accounting professionals have embraced robotic process automation in their practice, driving new efficiencies by freeing people from repetitive manual tasks. However, it’s no panacea, and effective implementation requires organizations consider some key challenges that could hurt firm viability in the long run, according to a recent study published in
Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list of top firm leaders to the end of the day Monday, July 10. The MP Elite report, which will be published in the August issue, identifies and profiles approximately a dozen
Cigar bars; Loyal to the end; keeping that pipeline full; and other highlights of recent tax cases. Miami: Father and son tobacco company owners from the Dominican Republic have been sentenced to prison for a scheme to avoid millions of dollars in excise taxes on imported tobacco products. Remberto Antormachy
The Internal Revenue Service is sending a special follow-up mailing to taxpayers in a number of states affected by natural disasters to let them know they have more time to pay their taxes. The IRS said Wednesday it’s taking this special step to reassure taxpayers affected by disasters that they
Organizations are not making a priority of examining their corporate culture, although some internal auditors are doing that to deter corporate malfeasance, according to a new report. Despite the risks that executive behavior can present, too few organizations are prioritizing culture assessments. Even when companies do try to assess their
Eide Bailly LLP, a Top 25 Firm based in Fargo, North Dakota, is merging in King & Oliason PLLC, a firm based in Seattle, effective July 17. The combination will give Eide Bailly its first office in Seattle and add six partners and 33 staff to the firm. Financial terms