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Planning ahead for potential tax turmoil
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…
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California goes digital with property tax
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…
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Alvarez & Marsal Tax launches Canadian practice, adds team from KPMG
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…
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Oracle NetSuite announces new procurement solution
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…
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eToro settles with SEC, will shut down nearly all crypto trading
Digital-trading platform eToro USA has agreed to pay a $1.5m fine and limit its crypto offerings to just three tokens, as part of a settlement with the SEC. The company had been charged with operating an unregistered brokerage and clearing agency related to its crypto trading platform. Its U.S. customers will only be able to…
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Harris and Trump clash over tax plans in presidential debate
During the ABC News presidential debate on September 10th in Philadelphia, Kamala Harris and Donald Trump briefly touched on tax policy. Harris proposed a $6,000 tax credit for families with newborns and increasing the tax deduction for start-ups from $5,000 to $50,000. She also suggested incentives for first-time home buyers, including credits up to $10,000…
