Energy Tax Credit Market Booms as Regulations Come Out
The market for clean energy tax credits has been booming, with demand and supply skyrocketing since the 2022 tax-and-climate law established new credits and launched a way for energy developers to eas...
28 Aug 202421min
Undoing Microsoft's California Tax Ruling Isn't Simple
When Microsoft Corp. won a $94 million income tax refund from the California Office of Tax Appeals in February, it was considered one of the biggest victories for corporate taxpayers ever in Californi...
21 Aug 202411min
Inside EY's Generative AI Rollout and Tax Challenges
Ernst & Young LLP is developing a generative AI tool for tax professionals that's meant to automate repetitive data work and make tax planning more efficient. The Big Four company is investing $1.4 bi...
14 Aug 202415min
More States Welcome Cannabis Business Tax Deductions
Nearly 75% of cannabis businesses operate at a loss, and many in the industry point to a feature of the Internal Revenue Code as the reason why. Cannabis companies are prohibited from deducting ordina...
7 Aug 202412min
New EU Tax Panel Chair Takes Aim at Avoidance Schemes
Italian economist Pasquale Tridico, newly elected chair of the European Parliament's Subcommittee on Tax Matters, has some fresh ideas to curb tax avoidance, which he says will be one of his top prior...
31 Jul 202412min
GOP Tax Team Lead Talks Corporate Tax Rate, Priorities
The corporate tax rate is coming up in nearly "every conversation" House Ways and Means Committee Rep. Carol Miller (R-W.Va.) has been at recently. Miller is leading one of the ten House Ways and Mean...
24 Jul 202411min
Is There a Faster, Cheaper Way to Collect Back Taxes?
The state tax gap—the difference between the true tax liabilities owed to a state and the amount voluntarily submitted to revenue agencies—is possibly the most stubborn and perplexing problem facing t...
17 Jul 202410min
Accounting Leader Calls for CPA Training to Evolve
Training for CPAs must evolve to focus on the skills and experiences necessary to meet future market demands, the leader of the largest US accounting industry group said. Barry Melancon, president and...
10 Jul 202431min
