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Latest News & Web Pages
Rs 17 Lakh Rent, Zero Tax: How Mumbai Flat Owner Avoided Tax?
8+ hour, 21+ min ago (68+ words) Income Tax Under New Tax Regime- Taxable Income: Rs 11, 90,000 (After a 30% standard deduction on rental income of Rs 17 lakh)- Basic exemption limit- Income Tax: Rs 59,000 (on income from Rs 4,00,001 to Rs 11,9000- Rebate u/s 87A: Rs 59,000 (makes income of Rs 11.9 lakh…...
Claiming HRA For Rent Paid To Relatives? New Tax Proposal Mandates Disclosure
9+ hour, 37+ min ago (316+ words) Salaried taxpayers claiming House Rent Allowance (HRA) for rent paid to close family members may soon need to disclose their relationship with the landlord under proposed new income-tax rules. Mandatory Disclosure Under Draft Rules Under the Draft Income Tax Rules,…...
Slow quarter for SEC audit clients closes rollercoaster year
17+ hour, 3+ min ago (230+ words) In a relatively slow quarter for bringing on new Securities and Exchange Commission audit clients, Top 10 Firm BDO USA nonetheless turned in a strong performance, with 10 net and new clients in the fourth quarter of 2025. Overall, auditors onboarded only 128 new…...
IRS issues guidance on depreciation deduction
18+ hour, 13+ min ago (175+ words) The Internal Revenue Service and the Treasury Department released interim guidance on a special depreciation allowance for qualified production property under the One Big Beautiful Bill Act. The interim guidance in Notice 2026-16 says the Treasury and the IRS plan to…...
Supreme Court ruling throws Trump administration's tariff strategy into flux. What it means for global trade, U.S. economy
19+ hour, 27+ min ago (734+ words) The Supreme Court struck down U.S. President Donald Trump's tariffs on Friday, but the trade tax turmoil is far from over. Fallout over the ruling is already threatening to further strain global trade relations, and the U.S. economy is likely to suffer,…...
Haefele Flanagan strengthens nonprofit practice
22+ hour, 8+ min ago (131+ words) Haefele Flanagan announced on Feb. 19 it acquired Mig Murphy Sistrom, strengthening its nonprofit practice. Top 10 Firm BDO USA added 10 new clients at the end of 2025, almost all from its November acquisition of Top 100 Firm Horne. Building an advisory practice in…...
Global trade confusion returns as Trump overhauls tariff toolkit
22+ hour, 38+ min ago (1292+ words) The Supreme Court's nixing of President Donald Trump's "reciprocal" tariffs is throwing fresh confusion over the raft of trade deals negotiated by global partners as the inescapable reality of ongoing levies remains a threat. The European Union is poised Monday…...
The new frontier of stablecoin reporting
23+ hour, 11+ min ago (571+ words) New reporting frameworks and regulations around stablecoins are coming thick and fast; in this episode, two experts from the AICPA, Di Krupica and Jeff Trent, discuss the new rules and what they mean for accountants and their clients. Glad to…...
BDO adds most new SEC clients in Q4
23+ hour, 21+ min ago (367+ words) BDO USA's November 2025 acquisition of Mississippi-based Top 100 Firm Horne helped it bring on the most new Securities and Exchange Commission audit clients in the fourth quarter of the year. Nine of the Top 10 Firm's 10 new clients came from Horne, in…...
Trump pegs new tariffs to a payments crisis experts doubt
1+ day, 4+ hour ago (1308+ words) With his move to impose new global tariffs, President Donald Trump isn't just trying to repair a trade policy dismantled by a Supreme Court rebuke. He's also declaring the world's largest economy is facing a profound balance-of-payments crisis. The potential…...