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Marcum LLP announces 15 new partners across the U.S.
Marcum LLP has promoted 15 individuals to partner across the U.S., effective September 1st. “These individuals represent Marcum’s dedication to excellence,” commented chairman and chief executive Jeffrey Weiner. “They bring a wealth of experience, skill, and an entrepreneurial spirit. In a rapidly evolving world, they have shown adaptability and dedication to understanding and exceeding our clients’ expectations….
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U.S. manufacturing gauges raise fears of economic contraction ahead
A key barometer of U.S. factories was negative for the fifth straight month in August, signaling the manufacturing side of the economy is still in a deep slump that might not end until after the presidential election. The Institute for Supply Management’s manufacturing index edged up to 47.2 from an eight-month low of 46.8. Numbers…
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Trump’s economic agenda takes center stage in New York speech
In a significant address at the Economic Club of New York, Republican presidential candidate Donald Trump outlined his economic agenda, promising to reduce the corporate tax rate from 21% to 15% for companies that make their products in the U.S., cut regulations, and audit the federal government. He emphasized his commitment to “low taxes, low…
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Soaring U.S. tax credit deals boost solar, storage build
A transferable tax credit market created by the 2022 Inflation Reduction Act is drawing more investment into solar and other clean energy technologies, from a wider range of investors. Solar developers can access either investment tax credits (ITCs), which are allocated to project costs, or production tax credits (PTCs), which are based on the energy…
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SEC approves new audit quality benchmarks
The SEC has approved new accounting standards proposed by the PCAOB aimed at improving audit quality. The new standards, which come into force in December 2025, will require accounting firms to manage and monitor risks to audit quality and hold leadership accountable for compliance. The biggest audit firms – those that audit more than 100…
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IRS not fully complying with TikTok ban
The IRS is not in full compliance with the federal government’s guidance for removal of TikTok from devices, according to a new report, but mainly because it hasn’t been inserting the requirement in all its contracts and contract actions such as solicitations and modifications. The report, released Friday by TIGTA, found that IRS contracting officers…
