All articles by Umesh Ellichipuram
Umesh Ellichipuram
IRS reminds taxpayers to request filing extension as deadline closes today
Taxpayers can seek an extension until 15 October 2026, although tax owed will be due by 15 April.
GASB invites feedback on potential overhaul of GAAP framework
Stakeholders are asked to review the Discussion Memorandum and provide their opinion to the GASB by 31 August 2026.
ICAI expands audit quality model scope in peer review framework
The ICAI extended its audit quality model to companies auditing subsidiaries of listed companies, banks and insurers.
ISCA, LawSoc sign MoU to boost legal-accounting collaboration
The ISCA and LawSoc will jointly roll out a digital learning platform.
CPA Australia raises alarm over foreign resident CGT changes
Under the proposed rules, CPA Australia fears taxpayers may face new tax liabilities long after transactions are completed.
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US Treasury and IRS set out final rules for ‘No Tax on Tips’ measure
The final text includes more than 70 occupations in which tipping is common, covering roles from bartenders to water taxi operators.
Scotland launches consultation on digital‑by‑default communication
The consultation invites views on how a digital‑first approach should operate in practice.
ACCA calls for alternatives to limited liability company model
The ACCA says current company law makes companies prioritise shareholder returns, not broader impacts.
Canada urges taxpayers to file taxes by 30 April to keep income-tested benefits
For the CDCP, members must renew every year to keep their eligibility and avoid a break in coverage.
GASB sets out draft rules to overhaul infrastructure asset reporting
The draft aims to revise and tighten financial reporting requirements for infrastructure assets.