Richard Ashby – Chairman, AGN Asia Pacific Tax Committee. Welcome to our first issue of the 2023 AGN AP Taxpresso, a quarterly publication composed of articles drafted by members of our AGN Asia Pacific Tax Committee.
This edition is also my first as chairman of the committee, as Vimala hands over the reins of chairmanship, a position she has expertly managed since the AGN Asia Pacific Tax Committee was originally formed.
AGN International announces that BIG GROUP Contadores Asesores has joined its AGN Central & South America (CSA) membership.
As our members practicing in tax look forward to the upcoming deadline, I thought it would be interesting to look back at what was happening in the world of U.S. Federal Tax back in the first year of the association. On November 9, 1978, President Carter signed the Revenue Act of 1978. The following changes came from the Archives of the New York Times.
The minimum income for which a return must be filed increased to $3,300 for single and head-of-household filers and to $5,400 for a married couple under age 65 filing a joint return.
Formerly known as the standard deduction, it was increased from $2,200 to $2,300 for single taxpayers and heads of households and from $3,200 to $3,400 for married couples.
The act reduced the table of 25 income brackets to 15 (16 for single persons). The brackets have been widened to achieve this simplification. Rates continued to range from 14 to 70 per cent.
James Moore & Company is pleased to announce the firm has been named one of Accounting Today’s Firms to Watch nationwide! Accounting Today also included James Moore as one of its 2023 Regional Leaders.
Does your client have a Dutch holding (finance) company or Dutch operations which are held by a foreign holding (finance) company with a limited function? If the answer is yes, it is important to consider the substance requirements. For tax purposes, the substance requirements are probably more relevant than expected!
Congratulations to Jim Carulas, CEO at Meaden & Moore, for being named to Crain’s Cleveland Business class of Notable Leaders in Accounting and Consulting 2023! Read on to learn about Jim and his role and achievements at Meaden & Moore.
Contributed by: Munt Audit & Forensic.
In 2020, Brussels created a new category of Union own resources based on national contributions, calculated on the basis of plastic packaging that is not recycled through Council Decision (EU, Euratom) 2020/2053. As of 14 December 2020, the European Union’s own resources system was established and each country is obliged to pay €0.8 per kilogram of waste that is not recycled.
News from the AGN EMEA Accounting, Auditing & Education Committee (AAEC)
The February newsletter provided general information about the Application of the EU Taxonomy Regulation. In this month’s newsletter, we go into more detail on the procedure – the taxonomy-eligible activities, including green activities, enabling activities and transition activities.
AGN Global Business Voice: Practice Management
Accountants ‘move to advisory’, or their transition from pure compliance services to a more advisory centred approach, is a phenomenon driven by the deployment of the latest technologies and changing client expectations. The technologies deliver production efficiencies – freeing up a professional’s time. The technology can accumulate large amounts of client data and thus analytics allow greater insights into the client’s financial health and performance.
On 8th March, we connected over 100 AGN women professionals over two sessions to accommodate the time zones to mark International Women’s Day 2023.
With our members, we were able to celebrate this special day and support AGN’s commitment to embracing gender diversity in leadership teams to increase productivity and value in AGN firms.
