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May 20, 2025
Lack of awareness, fear of mistakes and penalties, and the cost of filing are preventing many families from claiming millions of dollars in tax credits.
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May 20, 2025
The Senate Finance Committee questioned Trump's nominee about his plans for the beleaguered agency and promotion of dubious tax credits.
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May 20, 2025
Minnesota approved a bill on Monday night to create additional pathways to CPA licensure, and it awaits the signature of Gov. Tim Walz.
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May 20, 2025
No more paper checks; death and tax debt; the perfect time to onboard software; and other highlights from our favorite tax bloggers.
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May 20, 2025
Compliance professionals at Grant Thornton will now be making use of the improved CompliAI platform, infused with generative AI from end to end to streamline and enhance service delivery.
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May 20, 2025
Compliance professionals at Grant Thornton will be making use of the improved CompliAI platform, infused with generative AI to enhance service delivery.
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May 20, 2025
Accountants can turn the audit playbook into an AI assurance framework that policymakers have been groping for.
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May 20, 2025
The bill would levy a 5% tax on remittances for noncitizens and foreign nationals, on top of a roughly 5% to 10% fee already charged on the payments.
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May 20, 2025
The Financial Reporting Council's provisional report found EY "demonstrated a complete lack of professional skepticism" and failed "to be alert to conditions that may have indicated possible fraud."
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May 20, 2025
In a private meeting, Trump singled out the lawmakers from New York, New Jersey and California who have rejected the $30,000 deduction limit.
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May 20, 2025
With the number of extensions, many practitioners are seeing tax season continue through the summer and fall.
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May 19, 2025
The Top 25 Firm is growing its presence in the Pacific Northwest by adding a firm based in Edmonds, Washington, effective June 2, 2025.
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May 19, 2025
Top 100 firm BMSS announced an investment in Knuula, an engagement letter and client documents software provider. The investment came after implementing Knuula themselves over the past year.
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May 19, 2025
The Big Four firm added new agentic AI capacities, including a model that proactively identifies areas of value leakage and acts inside the tools to fix them.
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May 19, 2025
The U.S. Government Accountability Office created a list of questions for policymakers' oversight of the energy tax expenditures in the 2022 Inflation Reduction Act.
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May 19, 2025
The American Institute of CPAs is asking accountants to call on congressional representatives to stop "unfair targeting" of pass-throughs like CPA firms.
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May 19, 2025
The growth from 2015 to 2025 in revenues at the Top 100 Firms was 125% and in total personnel 113%.
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May 19, 2025
EY continued to audit NMC Health Plc despite suspicions that management withheld key documents that revealed its true debt position.
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May 19, 2025
The vote in the House Budget Committee paves the way for passage of the legislation as soon as Thursday,
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May 19, 2025
With accounting talent so hard to find, Wiss' Paul Peterson shares how his firm has cultivated non-accountants and non-CPAs to fill the gap.
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May 18, 2025
What the senators call 'unusually timed contributions' came in immediately after Donald Trump named Billy Long as his pick.
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May 16, 2025
President Donald Trump called on members of his party to unite behind his economic agenda in Congress, putting pressure on factions of lawmakers who are calling for last-minute changes to the legislation to drop their demands.
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May 16, 2025
While CPA firms far and wide have made major technology investments over the years, the vast majority of accountants say they're not being used to their full potential.
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May 16, 2025
Changing regs and member needs keep Richard O'Leary on his toes as he guides PP&Co.'s hospitality practice and its many club clients
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May 16, 2025
Hard-line conservatives bucked President Donald Trump and blocked the massive tax bill over cost concerns.
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May 16, 2025
With private equity backing, Grant Thornton Advisors is rapidly expanding its international platform.
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May 16, 2025
Despite security enhancements from Microsoft, CPA firms are likely to disable the controversial Recall feature in Windows 11, which uses AI to create a precise record of user activity.
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May 16, 2025
The Association for Accounting Marketing recognized five individuals and bestowed 16 firm awards for excellence in the field.
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May 16, 2025
The Association for Accounting Marketing recognized five individuals and bestowed 16 firm awards for excellence in the field.
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May 16, 2025
Plus, OneStream announces new AI agents, other solutions; Suralink rolls out request-to-test solution; and other accounting tech news and updates.
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May 16, 2025
Makosi rolls out AI agent built specifically for EBP audits; OneStream announces new AI agents, other solutions; Suralink rolls out request-to-test solution; and other accounting tech news and updates.
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May 16, 2025
INCPAS hosts leadership event; KNAV welcomes new partner; and more news from across the profession.
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May 16, 2025
INCPAS hosts leadership event; KNAV welcomes new partner; and more news from across the profession.
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May 15, 2025
By agreeing to share taxpayer data at all, the Internal Revenue Service is taking an unprecedented step that breaks with longstanding assurances.
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May 15, 2025
The New Jersey Society of CPAs is proposing an additional pathway to obtain CPA licensure, supporting a bill that would modify New Jersey's Accountancy Act.
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May 15, 2025
The New Jersey Society of CPAs is proposing an additional pathway to obtain CPA licensure, supporting a bill that would modify New Jersey's Accountancy Act.
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May 15, 2025
Top 25 Firm Armanino has added Salt Lake City-based Cooper Savas.
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May 15, 2025
The Top 75 Firm based in Atlanta is expanding into Greenville, South Carolina, effective June 1, 2025.
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May 15, 2025
The International Auditing and Assurance Standards Board released information on its new standard, while the International Public Sector Accounting Standards Board has an exposure draft on materiality.
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May 15, 2025
The far-reaching tax reconciliation bill from Republicans on the House Ways and Means Committee would add significant new provisions to the Tax Code.
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May 15, 2025
Playing defense; shocking stuff; to the cleaners; and other highlights of recent tax cases.
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May 15, 2025
The Public Company Accounting Oversight Board staff released a new publication highlighting the perspectives of audit committee chairs.
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May 15, 2025
The Public Company Accounting Oversight Board staff released a new publication highlighting the perspectives of audit committee chairs.
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May 15, 2025
What many taxpayers do not realize is that their property tax assessment can — and in many cases should — be reviewed and appealed.
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May 15, 2025
The changes deal with the intersection of the requirements of FASB's revenue recognition and stock compensation standards as they involve customers.
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May 15, 2025
The changes deal with the intersection of the requirements of FASB's revenue recognition and stock compensation standards.
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May 15, 2025
The move would constitute "a complete death" for energy projects that rely on global supply chains for solar cells, magnets, batteries and other materials.
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May 15, 2025
Rep. Nicole Malliotakis said there's an "opportunity" to grow the $30,000 state and local tax deduction cap offered by House GOP leaders in negotiations.
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May 15, 2025
Rep. Nicole Malliotakis said there's an "opportunity" to grow the $30,000 state and local tax deduction cap offered by House GOP leaders in negotiations.
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May 15, 2025
The cost of the draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate. The reality is likely much higher.
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May 15, 2025
Rep. Jason Smith said lawmakers from high-tax states should support the $30,000 limit his committee put on the state and local tax deduction.
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May 15, 2025
What will be the role of the junior associate once AI takes over all the simple tasks that generate the experience needed for more complex ones?
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May 14, 2025
The American Institute of CPAs is worried about a provision in the tax reconciliation bill limiting deductibility of state and local taxes paid by firms.
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May 14, 2025
The American Institute of CPAs is concerned about a provision in the tax reconciliation bill limiting deductibility of state and local taxes paid by firms.
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May 14, 2025
Wealthy Americans and business investors are among the big winners while targets of Trump's ire such as immigrants and elite universities were hammered.
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May 14, 2025
Key Senate Republicans are resisting the House's plan to gut clean energy tax credits, vowing to soften the blow for emerging technologies and nuclear power.
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May 14, 2025
These days, it takes an AI village to develop an accountant.
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May 14, 2025
Zoho's customer relationship manager, previously only for sales teams, has been modified and enhanced with AI to become CRM for Everyone.
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May 14, 2025
The IRS is granting up to $200,000 to individual low-income taxpayer clinics.
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May 14, 2025
The new payments solution promises to be the first step in a broader move into financial services.
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May 14, 2025
The American Institute of CPAs and National Association of State Boards of Accountancy OK'ed model legislation providing an alternative path to a CPA license.
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May 14, 2025
President Trump's economic package took a major step toward becoming law when a House committee approved trillions in new tax cuts on a party-line vote.
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May 14, 2025
Plus, faking resumes with AI, the return of Microsoft's Recall, and seven other developments in technology.
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May 13, 2025
Valuations this year; handling interviewees; AI and accounting ed.; and other highlights from our favorite tax bloggers.
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May 13, 2025
The House Ways and Means Committee held a hearing to mark up the "one, big beautiful bill" extending expiring provisions of the TCJA and adding other tax breaks.
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May 13, 2025
The Federal Accounting Standards Advisory Board wants input on accounting issues and questions related to reorganizations and abolishments amid DOGE cuts.
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May 13, 2025
A report by the Association of Chartered Certified Accountants found 54% of North American respondents say they have career ambitions to be entrepreneurs.
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May 13, 2025
Sage announced a series of new features and enhancements for its latest release of Sage Intacct, many of which center around AI.
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May 13, 2025
The persistent presence of behavioral biases distort our decisions, including in the accounting field.
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May 13, 2025
Campaign pledges like no taxes on tips and overtime pay, plus new tax breaks for car buyers and seniors, are the centerpiece of a multitrillion-dollar package.
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May 13, 2025
The Chartered Institute of Management Accountants updated its CGMA Professional Qualifications Syllabus for 2026 to emphasize finance business partnering and applied problem solving.
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May 13, 2025
GOP leaders proposed a $30,000 cap on the federal income tax deduction for state and local taxes.
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May 13, 2025
Accountants and tax professionals need to be ready to help their clients choose the right type of business entity.
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May 13, 2025
House Republicans' release of the tax provisions in their massive fiscal bill provides a crucial initial reading of what party leaders think could pass.
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May 12, 2025
A little-known feature of RMD tax withholdings could help minimize a client's effective tax burden. Not all financial advisors are on board with the strategy.
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May 12, 2025
A powerful House committee has inserted language preventing states from regulating artificial intelligence into President Trump's massive tax and spending bill.
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May 12, 2025
A powerful House committee has tucked language preventing states from regulating artificial intelligence into President Trump's massive tax and spending bill.
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May 12, 2025
President Donald Trump's Hollywood ambassadors asked the White House to expand and extend tax incentives as part of an upcoming budget reconciliation bill.
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May 12, 2025
President Donald Trump's Hollywood ambassadors asked the White House to expand and extend tax incentives as part of an upcoming budget reconciliation bill.
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May 12, 2025
The House tax committee aims to make official several of President Trump's campaign tax pledges, and to avoid a millionaire tax.
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May 12, 2025
The House tax committee is seeking to increase the state and local deduction and make official several of President Trump's campaign tax pledges.
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May 12, 2025
The Internal Revenue Service has not yet satisfied the goal of the Payment Integrity Information Act to reduce improper payment rates to less than 10%.
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May 12, 2025
The investment strategy may generate much greater loss harvesting than direct indexing, but backers point out that they work much differently.
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May 12, 2025
The Financial Accounting Standards Board released an update to improve the requirements for identifying the accounting acquirer in business combinations.
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May 12, 2025
Public accounting is a vibrant and strong profession and also a business, as shown in data from the latest rankings on firm revenues, partners and staff size.
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May 12, 2025
Approximately three-quarters of large global companies are receiving assurance services on their sustainability reporting, according to a new report.
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May 12, 2025
The findings come after a net loss of $31.7 million for the first quarter, which ended with cash, cash equivalents and short-term investments of $759 million.
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May 12, 2025
House Republicans are struggling to resolve issues with President Trump's multitrillion-dollar tax package, including the SALT deduction.
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May 12, 2025
House Republicans are struggling to resolve issues with President Trump's multitrillion-dollar tax package, including the deduction for state and local taxes.
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May 12, 2025
The committee also proposes limiting states' ability to pay their share of Medicaid by placing a moratorium on new or increased taxes on medical providers.
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May 12, 2025
Billions of dollars allocated under former President Biden's Inflation Reduction Act would be rescinded under a portion of Trump's sweeping tax package.
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May 12, 2025
The proposal calls for increasing the maximum child tax credit to $2,500 and raising the estate tax exemption to $15 million.
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May 09, 2025
Artificial intelligence has indeed led tech-forward firms to be more efficient and productive, but at the same time firms have found it still struggles with precision and accuracy, limiting its usefulness.
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May 09, 2025
The debate over state and local tax deductions has been a thorny fight because it's a political priority for a small but vocal group of Republicans.
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May 09, 2025
The proposal would create a tiered system of taxation so that wealthy colleges and universities pay more as the size of their endowment grows.
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May 09, 2025
The videos cover roles and responsibilities, ethics and independence, people resources, and technological and intellectual resources.
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May 09, 2025
Plus, EY announces Integrated Finance Managed Service; Ignition debuts AutoCollect solution; and other accounting tech news and updates.
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May 09, 2025
PICPA installs new president; PCAOB appoints acting chief economist; and more news from across the profession.
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May 09, 2025
Just like hotels and restaurants, when you move up the price ladder, you move up the expectations ladder.
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May 09, 2025
It remains unclear why the companies struck the deal without an IRS purchase, but Carahsoft previously said it stands by the cybersecurity tech transaction.
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