Accounting Today

JUNE 17, 2025

Breathing room Current Federal Tax Developments ( [link] ): The critical updates of Notice 2025-33, which impacts digital asset brokers and their compliance obligations under IRC Sections 6045, 3406 and related penalty provisions, extend and modify previously granted transitional relief, "offering much-needed breathing room."

Corporation Tax 208

Corporation Tax Auditing Tax Accounting Software 208

Xero

DECEMBER 20, 2022

Those earning income over £30,000 will come into MTD from April 2027. Apr 2027: MTD for ITSA -businesses, self-employed individuals, and landlords with income over £30,000. We’ll continue to work closely with HMRC to support MTD for ITSA as it evolves, and also support MTD for Corporation Tax when it becomes mandated.

Tax 49

Tax Small Business Accounting XERO Corporation Tax 49

Accounting Today

JUNE 23, 2025

He hopes to issue an exposure draft, with another round of due process on a document written more like a final standard in early 2026 with a final standard expected in early 2027. Black expects to have an exposure draft out in probably the middle of 2026, with the final standard anticipated in mid-2027. All rights reserved.

Financial Reporting 248

Financial Reporting Financial Statements Auditing Tax 248