Property owners in California will find it easier to receive tax refunds following the signing of Assembly Bill 3134 by Gov. Gavin Newsom. This new legislation, introduced by Assemblymember Phillip Chen, allows county assessors to issue automatic refunds without a claim if the amount is less than $10,000, up from the previous limit of $5,000….

Top 50 firm Schellman has become the first ANSI National Accreditation Board-accredited International Organization for Standardization 42001 certification body, allowing the firm to certify organizations on the world’s first artificial intelligence management system standard.

The accounting profession is undergoing significant changes, necessitating firms to adapt to evolving client needs. During the sixth annual Accountant Partner Council, industry leaders discussed the pressing talent shortage, with Matt Gardner, chief executive of Hiline, stating: “The shortage of incoming talent isn’t a new problem, and it isn’t going away any time soon.” Innovative…

The Colorado Department of Agriculture announced a new initiative on September 20th 2024, aimed at enhancing access to healthy foods through the Community Food Access Tax Credit. This program offers a refundable income tax credit for small businesses purchasing eligible equipment to improve grocery access in underserved areas. With an annual budget of up to…

New York City is considering significant changes to its property tax system, aiming for greater fairness and transparency. However, these reforms could disrupt the local economy and real estate market for years. The proposed changes, outlined in a 2020 advisory commission report and a shelved Assembly bill, would shift the tax burden to middle- and…

The SEC and Coinbase have faced off in a federal appeals court in Philadelphia as the largest U.S. cryptocurrency exchange presses the securities regulator to create new rules for digital assets. Coinbase sued the SEC last year in a bid to compel the regulator to act on a petition for rulemaking that it filed in…