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Accounting is changing, and the world can't wait until 2026

Accounting Today

We must confront a critical question: If we continue to train accountants solely to file tax reports, are we truly equipping them for the challenges of todays world? The recent announcement of the CIMA/CGMA 2026 syllabus has made it unmistakably clear: Merely knowing how to post journal entries is insufficient. All rights reserved.

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CFOs split on impact of Trump tax bill

Accounting Today

Although the proposed legislation is designed to be favorable to business, 42% of respondents to a Grant Thornton Q2 survey said they expect the changes to be beneficial, while 33% believe the proposed tax changes will harm their businesses financial position. All rights reserved. debt on the economy.

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In the blogs: Breathing room

Accounting Today

EDT 3 Min Read Facebook Twitter LinkedIn Email Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers. Tax Foundation ( [link] ): Illinois policymakers should think twice before taxing GILTI. Tax Review Board. All rights reserved.

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Mississippi, Texas storm victims get tax relief

Accounting Today

3 to file various federal individual and business returns and make tax payments. 3 to file various federal individual and business returns and make tax payments. The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) All rights reserved. 15, 2025. 31, 2025.

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Get set up for the new tax year with Xero Payroll

Xero

With another tax year almost wrapped up, are you ready to tackle year-end payroll? Finalising your 2024/2025 tax year Wrap up outstanding items Before processing your last pay run for the 2024/25 tax year, approve any outstanding leave requests, timesheets and overtime to ensure your employees’ final pay is accurate.

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Trump's tax bill set to help SoFi, other private student lenders

Accounting Today

EDT 2 Min Read Facebook Twitter LinkedIn Email SoFi Technologies headquarters in San Francisco Justin Sullivan/Photographer: Justin Sullivan/Ge President Donald Trumps signature tax legislation is poised to benefit companies offering private student loans, including SoFi Technologies Inc., All rights reserved.

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House GOP hardliners warn of a delay to tax vote

Accounting Today

Capitol Andrew Harnik/Photographer: Andrew Harnik/Gett President Donald Trump is meeting with a faction of conservative lawmakers at the White House who have threatened to sink his signature tax legislation over its $3.4 All rights reserved. EDT 2 Min Read Facebook Twitter LinkedIn Email Rep. Andy Harris accompanied by Rep.

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