The SEC has approved an update to market rules allowing stock exchanges to price many shares in increments of half a penny, rather than the current minimum size of one cent. Officials say the rule change, to take effect in November 2025, will help lower costs for investors by narrowing bid-ask spreads—the difference between the…

The Justice Department has filed a civil complaint against John Ajuma, prohibiting him from preparing federal tax returns for others. The DOJ alleges that Ajuma prepared nearly 11,000 federal income tax returns between 2018 and 2024, significantly inflating clients’ tax refunds through fraudulent deductions and credits. The department estimates that Ajuma’s actions may have resulted…

As tax season approaches, professionals are facing unprecedented challenges in planning due to looming uncertainties. Annie Schwab, franchise operations manager at Padgett Business Service, stated: “Historically, when we talk about tax planning, it involves deferring income or bunching expenses or implementing shifting strategies. But not this year!” The expiration of the Tax Cuts and Jobs…

California Gov. Gavin Newsom has enacted AB 1879, allowing electronic signatures for property tax documents under specific conditions. This law aims to streamline the process, making it easier for taxpayers to manage their obligations. As noted in the article: “The execution of property tax documents using electronic signatures” is now officially permitted. The change reflects…

Alvarez & Marsal Tax, the tax services affiliate of consulting firm Alvarez & Marsal (A&M), has launched in the Canadian market with the addition of four partners from KPMG, Jocelyn Blanchet, Carla Hannemann, Nicole Le Dressay, and Ines Pasagic, who will be based in Toronto as managing directors. “A&M’s extensive experience with complex tax matters…

Oracle NetSuite has launched an indirect procurement solution, NetSuite SuiteProcurement, which enables customers to track and control every purchase from request to payment and streamline the procurement process. Users can establish trading partner relationships and provide access to preferred pricing on goods and services through the Oracle Business Network, and automatically route purchase order requests…