Julia Chirkova
- Accounting Industry News & Standards
- March 10, 2026
- 68 views
Albany Budget Showdown: Tax Hike Proposals for the Wealthy Ignite Clash Between Lawmakers and Governor Hochul
A significant budget battle is currently unfolding in Albany, as state lawmakers, in their respective budget proposals, have unveiled a concerted push for tax increases targeting both wealthy individuals and…
- Accounting Industry News & Standards
- March 10, 2026
- 72 views
Navigating the New Tax Landscape: Key Provisions of the One Big Beautiful Bill Act and Their Impact on 2025 Filings
As the current tax season unfolds, preliminary data from the Internal Revenue Service (IRS) indicates a notable trend: the average tax refund issued so far is exceeding figures from the…
- Accounting Industry News & Standards
- March 10, 2026
- 95 views
William McCarthy to be Inducted into the Accounting Hall of Fame
Michigan State University Professor William McCarthy, a pivotal figure in accounting theory and the original architect of the Resource-Event-Agent (REA) accounting model, is set to be honored as the 128th…
- Accounting Industry News & Standards
- March 9, 2026
- 71 views
AICPA Urges IRS to Broaden First-Time Abatement Program for Enhanced Taxpayer Compliance
The American Institute of CPAs (AICPA) has formally requested that the Internal Revenue Service (IRS) expand the scope of its First-Time Abatement (FTA) program to encompass a wider array of…
- Accounting Industry News & Standards
- March 8, 2026
- 114 views
Ryan Acquires New York City Property Tax Firm Hucke and Associates, Bolstering its Global Real Estate Tax Practice
Dallas-based Ryan, a prominent tax services and software firm, has announced its strategic acquisition of Hucke and Associates, a well-regarded property tax consulting firm headquartered in New York City. This…
- Accounting Industry News & Standards
- March 8, 2026
- 96 views
The IRS’s New 1099-DA Reporting System Reveals Massive Overstated Crypto Capital Gains for American Investors
As the Internal Revenue Service (IRS) rolls out its new 1099-DA reporting system, a critical flaw is emerging that could lead millions of American cryptocurrency investors to significantly overstate their…
- Accounting Industry News & Standards
- March 8, 2026
- 99 views
Maximizing Tax Refunds and Future Security: Strategic Retirement Contributions Before the Deadline
As the annual tax season unfolds, taxpayers often find themselves laser-focused on the immediate goal of filing their returns and securing any anticipated refunds. However, a critical financial strategy that…
- Accounting Industry News & Standards
- March 7, 2026
- 91 views
Alabama Lawmakers Propose Tweaks to Online Sales Tax Distribution Amidst Ongoing Revenue Dispute
Alabama lawmakers are considering a legislative adjustment to the distribution of revenue generated by the state’s Simplified Sellers Use Tax (SSUT), a move aimed at fostering good faith and advancing…
- Accounting Industry News & Standards
- March 7, 2026
- 95 views
Washington State Poised to Implement 9.9% Income Tax on Million-Dollar Earners, Funding School Meals and Child Care Initiatives
Washington State is on the cusp of enacting a significant new tax policy, with Governor Bob Ferguson announcing his intent to sign a revised bill imposing a 9.9% income tax…
- Accounting Industry News & Standards
- March 6, 2026
- 89 views
A Surcharge for Millionaires: This Plan Would Tax the Rich, Eliminate Taxes for Half of U.S. Workforce
A significant legislative proposal has been introduced in the U.S. Senate that aims to fundamentally alter the federal income tax landscape, potentially eliminating federal income taxes for nearly half of…
