By Bruce Sheppard, CEO at Gilligan Sheppard in New Zealand. As GS approaches its 40-year milestone (2025 marks 40 years!), we are preparing for the next 40 years with a focus on the next generation and succession planning. We want to ensure our people, meaning you – our clients and our team, are in the best possible hands so that you can enjoy the continuity of service and feel secure for the future.
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.
FILING REQUIREMENTS:
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.
ZERO BRACKET AMOUNT:
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.
BRACKETS AND RATES:
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.
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.
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.
Dreaming of good times amid your busy season? You don’t have to wait until late April to add a bit of fun to your day. This month, AGN has opportunities to take a break with your peers and get competitive. How would 1978 rank on a fun scale?
Can you believe we’re nearly at the end of February? Firms are implementing 2023 strategies. For some, tax season is in full swing. Businesses are meeting the demands of complex issues and expanding their teams – It’s no wonder time is flying!
Amongst the volume, we’ve handpicked content to give you a snapshot of what’s been happening in AGN – just in case you missed it! Stay connected to help us guide, grow and develop your firm.
As we celebrate Black History Month and look back at the achievements of so many that have moved the human consciousness forward in the realm of diversity and inclusion, we will take this space to highlight some notable events in Black History from AGN North America’s founding year of 1978.
Jill Brown, flying for Texas International Airlines, became the first black female pilot for any commercial airline. Harriet Tubman became the first black woman to be honored on a US postage stamp. And, maybe most notably, Toni Morrison received the National Book Critics Award Song of Solomon. Morrison went on to become the first black woman to win the Nobel Prize in 1993.
AGN salutes these women and all those that broke boundaries to achieve their dreams!
Janover is pleased to announce that Chris Roberts has joined the firm as Chief Talent Officer. In this newly created role, Chris will be responsible for all aspects of talent acquisition, talent management and development, organizational planning, and employee engagement for the firm, as well as overseeing Janover’s Diversity, Equity, Inclusion and Belonging (DEIB) initiatives.