Tax and financial planning news from around the web: September 11 – 15, 2023

Tax departments go through transformation 
Corporate tax departments are going through major transformation in response to the challenging legal and regulatory environment, according to a new survey. 

Beware the accumulated earnings tax  
The accumulated earnings tax must be paid in addition to the regular corporate income tax. Despite recent threats by Congress to raise the ante, this penalty tax remains at the 20% rate.