Andersen Managing Director Clarissa Cole's comments are featured in the recent Business Insider story.

In Accounting Today's latest assessment, Andersen was once again named a top U.S. tax firm.

Andersen Global has further strengthened its platform in China through a Collaboration Agreement with Zhonghua Huyin Certified Tax Agents Limited and Shanghai Zhonghua Enterprise Management Consulting Co. Ltd. (collectively referred as Zhonghua) in Shanghai.

Andersen Managing Director Deanne Morton with Andersen's Tax Controversy practice has been appointed to the AICPA's Tax Practice Responsibilities Committee for the 2024-2025 service year, beginning May 22, 2024.

IRS Large Business and International Division announced a compliance campaign focusing on sports-team partnerships and their owners.

Andersen Global continues to expand its global valuation practice through a Collaboration Agreement with Fortin Gaignard Groupe Conseil Inc., a leading valuation firm operating in Canada.

For high net worth individuals with a flexible work/life schedule, relocating to Puerto Rico could provide a potential opportunity to reduce federal and state taxes without having to give up U.S. citizenship. While the potential tax savings (and the local beaches) may be attractive, IRS has come under pressure to crack down on individuals who are claiming U.S. tax benefits but not adhering to all the requirements. Any individuals considering a move to Puerto Rico, as well as those who have already relocated, should make sure that they have qualified for the U.S. tax benefits and are also properly reporting them.

Although 2023 didn't bring large-scale changes to federal tax law, recent court cases, phased-out provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) and COVID-19 relief acts, state legislation, and potential regulatory changes, may have a major impact on taxpayers in the coming years.

The year 2023 saw a rebounding stock market, reduced inflation, and growing hopes for a soft landing for the economy. Amidst this economic environment were bank failures, congressional gridlock, and the continuation of geopolitical international conflicts. With 2024 underway, businesses are likely to encounter their own unique combination of new opportunities, changes, and challenges. This is especially the case from the standpoint of tax planning. Below is an overview of the top areas to consider in your tax planning for 2024.