All articles by Umesh Ellichipuram
Umesh Ellichipuram
NASBA urges restoration of ‘professional’ status for accounting degrees
NASBA pointed to several risks it believes would arise if accounting is not treated as a professional field.
UK’s OPBAS highlights areas for improvement in AML supervision
OPBAS said supervisors of professional services companies have been operating more effectively since its inception in 2018.
CIMA says UK Spring Forecast falls short on business confidence
The CIMA doubts the forecast will lift business confidence or deliver meaningful productivity gains.
China sees higher platform tax compliance after new reporting framework
More than 8,000 domestic and overseas online platforms have complied with the requirement to submit tax-related information.
CPA Australia urges caution on CGT discount and negative gearing tweaks
CPA Australia recommends wide consultation to ensure tax reforms are balanced and support long-term economic and fiscal goals.
AICPA urges clarity on H.R. 1 tax rules
The AICPA seeks direction for individuals, estates and trusts on Section 68 limits and Notice 2025–68 Trump account regulations.
CIMA endorses UK’s new sustainability reporting framework
The UK standards are based on IFRS S1 and S2.
India plans major revamp to align tax and financial reporting rules
The move is aimed at removing one of the most persistent compliance pain points for companies.
UK inheritance tax receipts reach £7.1bn in latest HRMC data
The authority noted that IHT receipts were around £100m ($134.86m) higher than the same period last year.
CAI and business groups discuss lowering NI corporation tax rate
The groups agreed to back efforts to reduce the corporation tax rate in NI.