AGN Global Business Voice: Practice Management
The Essential Guide to Environmental Social & Governance (ESG) for Accountants – Reducing Risks and Identifying Opportunities. For now, ESG issues only really impact larger firms serving public interest entities, and smaller-to-medium-sized practices probably have five to ten years to make any changes needed – right?
In a thrilling culmination of teamwork and innovation, the 2023 AGN NextGen Program ‘Road To Tokyo’ has crowned its champions. Congratulations to Michelle Taschereau-Thorpe – Manager – Condo Audits at Adams + Miles, Canada; Nathan Davis – Consulting Manager at CT: Accountants Advisers, UK, and Caleb Macaluso – Tax Manager at Clark Schaefer Hackett, US.
EU Directive 2018/822 (known as ‘DAC 6’) amended and significantly expanded the existing Directive on administrative cooperation in the field of taxation (2011/16) by introducing a reporting regime for professional advisers where they are involved in tax planning which meets certain hallmarks.
Inside this issue, Richard Ashby at AGN Member Firm Gilligan Sheppard in New Zealand provides insight into the new Government and what impact this will have on taxes. Muhammad Kamil Gohar at AGN Member Firm RASG in India provides insight into taxes related to the digital economy.
A summary of each article follows. Download the publication for a comprehensive read.
Effective 30 September 2023, Oscar Falconí, Partner at Falconi y Asociados CP, assumed his new role as Chair of the AGN Central & South America Region. This appointment brings with it a wealth of expertise and a fresh perspective to the dynamic field of accounting.
News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)
After the European Financial Reporting Advisory Group (EFRAG) “expert group” submitted its drafts on Set 1 of the European Sustainability Reporting Standards (hereinafter EFRAG-ESRS) to the EU Commission in November 2022, the Commission published its revised versions on June 9, 2023 (hereinafter EU-Com.-ESRS) and put them out for public consultation.
Contributed by: Windham Brannon.
On Sept. 14, 2023, the Internal Revenue Service (IRS) announced a moratorium on processing new Employee Retention Credit (ERC) claims effective Sept. 14, 2023, to Dec. 31, 2023. The moratorium comes with continued mounting concern regarding questionable ERC claims and potential scammers, as well as concerns from tax professionals. Now that the moratorium is here, what should the next move be for taxpayers who already filed their ERC claim?
AGN International announces that Peruvian firm Sanz & AC has joined its Central & South American (CSA) membership.
On October 12, 2023, the European Foreign Subsidies Regulation (FSR) will take effect, impacting Swiss companies and foreign entities operating in Switzerland.
The FSR introduces notification requirements for large business transactions and public procurement, containing a broad definition of subsidies, including tax benefits, grants, loans, and guarantees. As the deadline approaches, Swiss businesses must prepare for compliance.
AGN Firm Floyd Advisory in New York and Boston promote not one but two Associates to Senior Associates. Congratulations to Delaney Eagle and Michael J. Venezia.
