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Apr 02, 2025
The Senate plan will allow for a $4 trillion extension of Trump's tax cuts and an additional $1.5 trillion in further levy reductions.
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Apr 02, 2025
The wrong asset location could defeat the whole purpose of the strategy, according to a new study on Treasury inflation-protected securities.
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Apr 02, 2025
Private sector employment grew by 155,000 jobs in March as annual pay increased an average of 4.6% year to year, payroll provider ADP reported.
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Apr 02, 2025
A landmark research study by GASB has provided one of the most detailed examinations to date of how state and local governments in the U.S. use GAAP.
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Apr 02, 2025
The department-store operator tied executives' cash bonuses to an earnings metric that turned out to be overstated by around $81 million in 2023.
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Apr 02, 2025
Washington Governor Bob Ferguson said he wouldn't sign a budget that relies on the wealth tax proposed by his fellow Democrats in the state legislature.
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Apr 02, 2025
A sizable increase to the current $10,000 limit on SALT write-offs would represent a major victory for a crucial group of swing-district House Republicans.
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Apr 02, 2025
Elon Musk's X is urging the justices to shield companies from being forced to disclose sensitive user financial data under "suspicionless" subpoenas.
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Apr 02, 2025
Intuit announced improvements to its Intuit Enterprise Suite product centered around workflow automation and data analytics and payroll.
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Apr 02, 2025
The Supreme Court overturned a number of lower courts to say a bankruptcy trustee can't get misappropriated funds back from the Internal Revenue Service.
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Apr 02, 2025
An Internal Revenue Service division that helps authorize the release of tax transcripts used in lending through form 4506-C is tied to core functions.
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Apr 02, 2025
Experts at a recent AICPA symposium dove into the upsides and the downsides of artificial intelligence.
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Apr 02, 2025
As tax season enters the final stretch, here are the latest filing statistics, updated weekly.
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Apr 01, 2025
Teaching fraud; easement settlement offers; new blog on the block; and other highlights from our favorite tax bloggers.
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Apr 01, 2025
The House unanimously passed six bipartisan bills concerning taxes and the IRS, four of which were endorsed by the AICPA.
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Apr 01, 2025
By streamlining tasks such as risk assessment, control testing, and reporting, generative AI has the potential to increase efficiency across the entire SOX lifecycle.
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Apr 01, 2025
By streamlining tasks such as risk assessment, control testing, and reporting, gen AI has the potential to increase efficiency across the entire SOX lifecycle.
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Apr 01, 2025
The Financial Accounting Standards Board released a paper on how to apply its revenue recognition standard to construction contracts with retainage provisions.
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Apr 01, 2025
Hourly earnings and job growth for workers in small businesses remained mostly unchanged last month, according to payroll provider Paychex.
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Apr 01, 2025
Hourly earnings and job growth for workers in small businesses remained mostly unchanged last month, according to payroll provider Paychex.
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Apr 01, 2025
EisnerAmper added Prague & Co.; and GTM acquired the state income tax practice of DMA.
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Apr 01, 2025
Retail entrepreneur Christine Hunsicker resigned from CaaStle after the startup's board of directors alleged she misrepresented the company's performance.
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Apr 01, 2025
Retail entrepreneur Christine Hunsicker resigned from CaaStle after the startup's board of directors alleged she misrepresented the company's performance.
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Apr 01, 2025
Builder.ai lowered sales figures and hired auditors, a major setback for the artificial intelligence startup backed by Microsoft and the Qatar Investment Authority.
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Apr 01, 2025
Trump told reporters he plans to launch reciprocal tariffs with "all countries," countering speculation he could limit the initial scope.
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Apr 01, 2025
Continuous innovation is no longer something only tech and "forward-thinking" individuals should do; it's an imperative to the longevity of accounting firms.
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Apr 01, 2025
The Public Company Accounting Oversight Board was active with enforcements in 2024, but President Trump's deregulatory attitude stands to change what's next.
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Apr 01, 2025
Tax preparers are concerned about the IRS's ability to make it through to April 15.
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Apr 01, 2025
Here's a satirical post in honor of April Fool's Day.
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Mar 31, 2025
The board is mulling changes in its auditor independence standards for audits of collective investment schemes involving connected parties and pension funds.
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Mar 31, 2025
The board is mulling changes in its auditor independence standards for audits of collective investment schemes involving connected parties and pension funds.
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Mar 31, 2025
The Internal Revenue Service has placed 50 senior IT leaders on administrative leave, as the union filed suit over a Trump order on collective bargaining.
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Mar 31, 2025
The Public Company Accounting Oversight Board's inspection staff found noticeable improvements in the deficiency rates of the six largest global auditing firms.
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Mar 31, 2025
The Governmental Accounting Standards Board made some preliminary proposals on accounting for severe financial stress and probable dissolution disclosures.
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Mar 31, 2025
The Governmental Accounting Standards Board made some preliminary proposals on accounting for severe financial stress and probable dissolution disclosures.
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Mar 31, 2025
The institute's Accounting and Review Services Committee clarified a standard on financial statement prep that has major ramifications for CAS practices.
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Mar 31, 2025
The American Institute of CPAs' Accounting and Review Services Committee clarified a standard on financial statement preparation as part of a CAS engagement.
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Mar 31, 2025
Due diligence and caution are important when evaluating investment opportunities and business plans that are being pitched.
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Mar 31, 2025
Tax collection projections are down. Refunds are up. That's a formula that could dampen U.S. government revenue.
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Mar 31, 2025
Even when auditors follow all the standards and perform a high-quality audit, they can still be sued.
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Mar 31, 2025
Spreadsheet provider Sourcetable launched a "self-driving" spreadsheet that allows users to tell the spreadsheet what they want through natural language commands.
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Mar 31, 2025
Spreadsheet provider Sourcetable launched a spreadsheet that lets users tell it what they want through natural language commands.
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Mar 28, 2025
The Internal Revenue Service's Criminal Investigation unit has a new initiative for engaging with financial institutions to uncover tax and financial fraud.
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Mar 28, 2025
The Internal Revenue Service's Criminal Investigation unit has a new initiative for engaging with financial institutions to uncover tax and financial fraud.
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Mar 28, 2025
As the expiration of key Tax Cuts and Jobs Act provisions looms, tax professionals are preparing for what could be another period of upheaval.
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Mar 28, 2025
As the expiration of key Tax Cuts and Jobs Act provisions looms, tax pros are preparing for what could be another period of upheaval.
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Mar 28, 2025
The Securities and Exchange Commission voted to end its defense of the climate-related disclosure rule it approved last year under the Biden administration.
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Mar 28, 2025
FASB appoints new members to Public Markets Advisory Committee; WilliamsMarston launches podcast; and more news from across the profession.
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Mar 28, 2025
The PS practice serves nearly 80 firms across the U.S. and Canada.
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Mar 28, 2025
The reasons why accounting is a fascinating major go beyond mere security. Within the field, a transformation is underway.
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Mar 28, 2025
Plus, BillingPlatform launches BP Pay solution; Bill announces "Bookkeeper Appreciation Week"; and other accounting tech updates.
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Mar 28, 2025
If your culture is based on being able to walk down the hall to ask a question, you don't have much of a culture — or, at least, not much of an intentional culture.
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Mar 28, 2025
Shipowners and charterers are altering leasing contracts to cope with the multimillion-dollar port fees expected to be imposed by the Trump administration.
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Mar 28, 2025
Fiscal conservatives in the party want steep spending cuts to help offset the multitrillion-dollar tax-cut package.
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Mar 27, 2025
Nothing but the tooth; an offer she can't refuse; patterns of filing; and other highlights of recent tax cases.
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Mar 27, 2025
Suzan DelBene, D-Washington, and Terri Sewell, D-Alabama, introduced legislation to prevent Trump from reassigning IRS investigators to immigration enforcement.
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Mar 27, 2025
Suzan DelBene, D-Washington, and Terri Sewell, D-Alabama, introduced legislation to prevent Trump from reassigning IRS investigators to immigration enforcement.
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Mar 27, 2025
A recent survey from Rightworks found firms that use AI have a higher revenue per employee than firms that do not.
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Mar 27, 2025
The International Auditing and Assurance Standards Board and the International Sustainability Standards Board provided help with adopting their standards.
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Mar 27, 2025
Paul Atkins deflected questions on whether the Public Company Accounting Oversight Board should be scrapped, saying it was up to Congress.
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Mar 27, 2025
Big Four firm PwC released Agent OS, an agentic AI operating system to streamline AI workflows and orchestrate complex, multi-agent business processes at scale.
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Mar 27, 2025
A diverse team isn't about filling seats or meeting quotas; it's about breaking free from the hive mind.
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Mar 27, 2025
Many companies are enthused by Trump's proposals to cut taxes and regulation, but there's mounting concern that his tariffs will raise prices and squeeze margins.
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Mar 27, 2025
Many firms are enthused by Trump's proposals to cut taxes and regulation, but there's mounting concern that his tariffs will raise prices and squeeze margins.
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Mar 27, 2025
The move comes after ADM adjusted years of financial results due to errors in the way it reported transactions between business units.
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Mar 27, 2025
The move comes after ADM adjusted years of financial results due to errors in the way it reported transactions between business units.
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Mar 27, 2025
In a late night Truth Social post, Trump said large-scale tariffs "far larger than currently planned" would be placed on them in such a scenario.
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Mar 27, 2025
In a late night Truth Social post, Trump said large-scale tariffs "far larger than currently planned" would be placed on them in such a scenario.
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Mar 27, 2025
In an era dominated by private equity and merger mania, firms that want to stand alone have to make that a conscious — and continual — choice.
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Mar 27, 2025
Republicans are aiming to approve a multitrillion tax bill in the coming months that renews Trump's 2017 cuts, along with a fresh round of levy reductions.
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Mar 27, 2025
Republicans are aiming to approve a multitrillion tax bill in the coming months that renews Trump's 2017 cuts, along with a fresh round of levy reductions.
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Mar 26, 2025
The Criminal Investigation unit of the Internal Revenue Service launched 2,039 tax and money laundering cases related to COVID fraud over the past five years.
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Mar 26, 2025
The Internal Revenue Service's Criminal Investigation unit launched 2,039 tax and money laundering cases related to COVID fraud over the past five years.
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Mar 26, 2025
The Internal Revenue Service's Direct File program is attracting interest this tax season, but lack of familiarity and budget cuts at the IRS may doom it.
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Mar 26, 2025
The Treasury Department limited the scope of the Corporate Transparency Act's beneficial ownership reporting requirement to foreign companies.
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Mar 26, 2025
The CFA Institute is urging accounting standard-setters to require more detailed disclosures of intangible assets before they're recognized on the balance sheet.
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Mar 26, 2025
The CPA organizations sent a joint comment letter to the California Air Resources Board asking for changes in the state's climate risk disclosure rules.
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Mar 26, 2025
While workplace equality has come a long way, some women in accounting and finance still encounter barriers to advancement in companies that have yet to evolve.
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Mar 26, 2025
While workplace equality has come a long way, some women in accounting and finance still encounter barriers to advancement in companies that have yet to evolve.
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Mar 26, 2025
The French government is deploying increasingly aggressive methods to uncover tax fraud.
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Mar 26, 2025
Traditional AI and generative AI aren't significantly more likely to produce high productivity gains compared to other innovations like RPA or blockchain.
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Mar 26, 2025
Much depends on tax-collection proceeds, with the April 15 filing date fast approaching.
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Mar 26, 2025
Republican leaders say they are closer to a plan to extend the 2017 tax cuts and increase the debt ceiling.
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Mar 26, 2025
Republican leaders say they are getting close to agreeing on a plan to pass an extension of President Trump's 2017 tax cuts and an increase to the debt ceiling.
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Mar 26, 2025
New clients may seem easy to come by now, but that won't always be the case.
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Mar 26, 2025
Taxpayers that suffer a smaller loss might not have the sophistication to know that they could be entitled to take a theft loss deduction, warns one expert.
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Mar 25, 2025
Welcome to Tax Court; the subscription model; new blog on the block; and other highlights from our favorite tax bloggers.
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Mar 25, 2025
The Public Company Accounting Oversight Board sanctioned and imposed a $40,000 fine on James Pai CPA and its partner for audit failures.
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Mar 25, 2025
The institute is asking the Treasury and the Internal Revenue Service for greater clarity in their proposed regulations for the SECURE 2.0 Act of 2022.
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Mar 25, 2025
House and Senate Republicans are battling over the size of spending cuts to be paired with a giant tax cut coming later this year.
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Mar 25, 2025
McConnell Jones, the largest African American-owned CPA firm, is focused on expanding its geographic footprint as part of its growth strategy.
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Mar 25, 2025
The Top 50 Firm based in Troy, Michigan has expanded into Tennessee with its latest M&A deal.
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Mar 25, 2025
FloQast and Fieldguide each announced the release of their own agentic AI solutions for accountants.
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Mar 25, 2025
With rapid changes in technology, a state-of-the-art piece of equipment can become a doorstop in just a few months.
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Mar 25, 2025
Internal Revenue Service reports of the cost of the free tax-filing program left out at least $8.8 million in costs, according to a new report.
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Mar 25, 2025
Predictive analytics is causing a fundamental shift in accounting, from historical record-keeping toward forward-looking financial information.
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Mar 25, 2025
The Financial Reporting Council hit PwC with a £2.9 million ($3.8 million) penalty and one of its accountants with a £33,412 ($43,250) penalty.
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Mar 25, 2025
The Financial Reporting Council hit PwC with a $3.8 million penalty and one of its accountants with a $43,250 penalty over their audit of Sanjeev Gupta's Wyelands Bank.
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Mar 25, 2025
Traditional talent development models rely on in-house staff and struggle to keep pace with the changes accounting firms face.
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Mar 25, 2025
Forming a trust now and funding it after Congress decides whether to keep the current gift tax exemption rate could make for an effective preemptive strike.
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