Schulman Lobel, an accounting firm based in New York, has merged with Tanton Grubman CPAs, LLP and Steinberg Shebairo LLP, as well as acquired the tax compliance division of DFP Partners. The acquisition of DFP Partners’ tax compliance division adds over 100 high-end tax clients to Schulman Lobel’s roster of
By now virtually everyone has heard about the Employee Retention Tax Credit. Throughout the day I see advertisements on TV, hear them on the radio, receive emails and text messages. We are probably all tired of hearing them by now. Many of these ads use the strategy of exigency to
The Treasury Inspector General for Tax Administration (TIGTA) have the IRS mixed reviews on its technology program, pointing out several areas where it has performed well and other places where it performed poorly. TIGTA performed its review of the service’s information technology program as part of mandated evaluations as part
The Internal Revenue Service wants to hire more accountants, lawyers and other professionals to focus on high-income taxpayers and large corporations that are not paying all their taxes. In a statement Friday accompanying its annual data book, the IRS clarified its priorities for how it will use the extra $80
A tiny button in the middle of the donation webpage for Back Bay Baptist Church encourages patrons to make tax-deductible contributions in cryptocurrency. Hardly anyone has used the button in more than a year. There are good reasons why the button has been largely ignored since late 2021 when the
The CIO’s leadership role continues to elevate in high-performing firms. Many CIOs now have a dual role of chief digital and innovation officer, while some are expanding into the role of COO. In other words, the “technology monkey” is on the entire C-suite. Where can you leverage new opportunities? The
Ernst & Young’s top leaders called off a planned breakup of the firm’s consulting and audit practices after the U.S. affiliate decided not to take part, disrupting a nearly year-long struggle to build consensus for the historic shakeup of the Big Four accounting firm. Leaders told partners Tuesday that they
A Volkswagen AG GTE Golf hybrid automobile at a charging stationLuke MacGregor/Bloomberg Volkswagen AG believes that electric-vehicle incentives put in place by President Joe Biden’s Inflation Reduction Act will help the company more than double its share of the U.S. market. The German carmaker plans to sell 25 EV models in the
This year’s IRS Dirty Dozen offers scams both familiar and new. ID theft is a frequent motivation. Crooked tech and equally crooked tax preparers make what seem to be their unfailing appearances again this year, backed up by a chorus of relative newcomers such as social media, pandemic-relief hucksters and
Tax leaders at companies around the world are predicting the number of tax audits will increase by more than a third over the next two years. A survey released last week by Ernst & Young found that organizations are preparing for a new era of tax risks even as they’re