The accounting profession is evolving, with accountants taking on roles as strategic advisors and problem-solvers beyond traditional tasks. As one professional noted, “The skills that we take from these experiences, however, are invaluable.” Accountants are now essential in navigating business changes and driving innovation across various sectors. Their analytical skills and attention to detail enable…

The American workforce has seen a significant rise in freelance labor, with over half of those born after 1996 opting for self-employment. This shift is driven by the desire for flexibility and autonomy, despite the complexities of tax requirements. However, new regulations from the Department of Labor (DOL) threaten this gig economy by reclassifying many…

U.S. inflation picked up in November, according to the Labor Department, whose consumer price index (CPI) increased 2.7% from a year earlier, following on from a 2.6% rise in October. Core prices, which exclude volatile food and energy items, climbed 3.3% over the previous 12 months. On a monthly basis, CPI was 0.3% higher, driven…

The United Arab Emirates will implement a minimum top-up tax (DMTT) of 15% on large multinational companies starting in January. The move aims to enhance non-oil revenue and is part of the OECD’s global minimum corporate tax agreement, which has 136 signatories, including the UAE. The DMTT will target companies with consolidated global revenue of…

Deloitte U.S. has announced the appointment of Jason Salzetti as the new chair and chief executive of Deloitte Consulting, effective January 27th. He will succeed Dan Helfrich, who has held the position since 2019. “Jason is a visionary leader with a proven track record of achieving impactful results for our clients and fostering a culture…

A federal court in Texas has issued an injunction preventing the enforcement of the Corporate Transparency Act and Beneficial Ownership Information (BOI) reporting until the case is resolved. Melanie Lauridsen, Vice President of Tax Policy & Advocacy for the American Institute of CPAs (AICPA), stated: “The AICPA has closely monitored recent developments in the courts…