Rema Serafi Rema Serafi was named vice chair, tax, at KPMG, New York, succeeding Greg Engel, who is retiring after four decades of service. In her new role, effective Nov. 15, 2023, she will also serve as a member of the firm’s management committee, and Kevin Jackson will succeed her
E-commerce businesses today can easily tap into markets across all 50 states. But with this expansive reach comes a multifaceted challenge: managing the complex process of filing and paying state sales taxes. And with a rising accountant shortage, online retailers face a daunting task. For years, companies relied on the
As accounting technology advances, the composition of accounting teams also needs to change. From robotic process automation to hyperautomation to a continuous close process, technology within the controllership is becoming more advanced and will require skills and knowledge beyond traditional accounting expertise. As more technology becomes embedded in the controllership,
Enjoy complimentary access to top ideas and insights — selected by our editors. Today is the final day of tax season for extended returns. Many partners told me that the quality of the returns they were given to sign was not satisfactory, and they found many more errors than they
The Internal Revenue Service is offering tax relief to individuals and businesses impacted by the terrorist attacks in Israel, as the agency responds to the unfolding crisis in the Middle East that has ensnared many Americans residing in or visiting the Holy Land. They now have until Oct. 7, 2024,
A former Internal Revenue Service contractor pleaded guilty to stealing secret tax return information about former President Donald Trump and thousands of the wealthiest Americans and leaking it to two news organizations. Charles Littlejohn, 38, admitted Thursday in a Washington federal court that he stole data about Trump and wealthy
Hanno Berger, a German lawyer once dubbed the “mastermind” of Cum-Ex, lost an appeal over his conviction in the tax scandal that robbed billions of euros from government coffers and ensnared some of Wall Street’s biggest banks. The Federal Court of Justice, Germany’s top criminal court, rejected his appeal, two
A group of senators led by Democrat Elizabeth Warren and Independent Angus King is pushing U.S. tax officials to move up the start date for crypto brokerages and exchanges to report information on their clients’ transactions to the government. Proposed regulations released by the Internal Revenue Service and Treasury Department
In recent months several clients and others have asked me about having their partial interests in limited liability companies bequeathed to trusts for estate planning and asset protection purposes. I advised them there are significant tax and legal headaches that may be triggered. To that end I recently submitted a
Imagine you’re at a dinner party, and someone asks, “So, what do you do?” You could say, “I’m an accountant,” and watch their eyes glaze over, or you could say, II’m the person who turns your financial chaos into a roadmap to your dreams.” Suddenly, you’ve transformed a mundane interaction