Taxes
IRS Puts Out Guidance on New Sustainable Aviation Fuel Credit
It applies to a qualified fuel mixture containing sustainable aviation fuel for sales or uses in calendar years 2023 and 2024.
Jason Bramwell
Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
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Taxes
What’s Next for the IRS?
Tax experts sound off on the funding the IRS will get from Congress and what it could mean for the 2023 tax season.
Payroll
Compared to Workers in Other Fields, Accountants Are Pretty Happy with Their Pay
More than half of accounting professionals believe they are well-compensated, a LinkedIn survey revealed.
Firm Management
Promotions Were Common in Public Accounting in 2022, Analysis Shows
LinkedIn says professional services was among the five industries that gave out the most promotions this year.
Taxes
Following Tax Court Defeat, IRS is Still After Syndicated Conservation Easements
Proposed regs issued today identify certain syndicated conservation easement transactions as “listed.”
Firm Management
Mazars USA Went Shopping in the Boston Area
The top 30 firm acquired Chestnut Hill, MA-based accounting firm Samet & Company PC on Dec. 1.
Taxes
IRS Updates FAQ on Unemployment Compensation Exclusion
The American Rescue Plan Act of 2021 provided relief to those receiving unemployment compensation in 2020.
Accounting
FASB Looks to Tweak Guidance for Leases Under Common Control
Comments on the proposed Accounting Standards Update can be submitted until Jan. 16, 2023.
Taxes
Treasury Releases Labor Rules for Clean Energy Tax Credits
The Inflation Reduction Act invests $369 billion toward tackling climate change through clean energy initiatives.
Taxes
IRS Increases Interest Rates for Q1 2023
For individuals, the rate for overpayments and underpayments will be 7% per year, up from 6%.
Taxes
Report: Tax Prep Websites Sent Clients' Financial Data to Facebook
Taxpayers’ financial information was being transmitted through a widely used code called the Meta Pixel.
Firm Management
Elliott Penn is Not Happening
The merger between Elliott Davis and Whitley Penn, which was supposed to close on Nov. 1, has been called off.