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Archives: Insights

Is the EU Commission now “greenwashing” CSRD sustainability reporting?

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News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)

As it did with the EU Taxonomy Regulation, we question whether the EU Commission is now “greenwashing” CSRD sustainability reporting.

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.

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IRS Issues Moratorium on ERC – What You Should Do Next

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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?

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Navigating the EU Foreign Subsidies Regulation: Implications for Swiss Companies

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AGN EMEA Tax Committee News.

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.

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The Importance of Stakeholders

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News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)

The European Sustainability Reporting Standards (ESRS) emphasise the importance of stakeholders for sustainability activities:

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Developing & Realizing Business Value

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AGN Global Business Voice: International Business Issues

Are you interested in a valuable proposal?

Almost every week, many accounting businesses are getting “those calls“ related to business value. In some respects, it’s really nothing new. Larger firms have absorbed smaller ones for many decades, and from time to time, we have seen externally funded consolidators active in the market. It’s certainly the experience in the US and Europe and parts of Asia that famous accountancy brands, regional or local, have been absorbed into larger internationally branded firms or even into technology businesses. (Read our June 2022 AGN Global Business Voice – The New Consolidators?)

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AGN 2022 North America Regional Meeting

Connection – North America Newsletter #52 I September 2023

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A new month, a new school year, a new season begins, and so it goes for AGN too.

Please join us in welcoming April Ince to the AGN North America staff. April joined the team in August and works remotely from her hometown of Bradenton, FL. Her responsibilities will be focused on the administrative side of things – helping answer questions related to AGN invoices and payments for your firm’s accounting team, supporting AGN events, and bringing value to your organizations through management of the AGN Resource Partner program.

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