Bessent says ‘Everything’s on the table’ for taxes on wealthiest

The Treasury Secretary said the administration and the GOP are looking at a range of ways to help pay for President Trump’s tax agenda, including extending his 2017 tax cuts.
Where the Top 100 Firms are

The accounting profession is at home everywhere in the country, but there are a few spots where it’s more concentrated.
Most Americans don’t know TCJA will expire

A majority of Americans do not know that the Tax Cuts and Jobs Act is temporary and set to expire this year, according to Cato Institute.
Wolters Kluwer hit by data breach

Tax and accounting solutions provider Wolters Kluwer said that there is currently no evidence that any financial or tax data has been impacted.
Forms 1042-S due Thursday

The IRS has extended the deadline for reporting income paid to non-resident aliens, foreign corporations, and other foreign entities.
CBIZ centralizes tech services post-merger

Following its acquisition with Marcum, Top 10 Firm CBIZ has begun centralizing its disparate technology services under a single office.
Bush & Associates, KMPG take top spots for new SEC clients in 2024

The collapse of BF Borgers in May 2024 unleashed a flood of new clients.
DEI goes into stealth mode

The Trump administration’s campaign against DEI is changing — not necessarily eliminating — accounting firms’ efforts.
Art of Accounting: The end of this year’s tax season

If you were designing a CPA practice from scratch, what would you do about tax season? Keep it as is, make some changes or possibly eliminate it?
The ROI of automation: Quantify your time to measure value

How do you determine whether AI, automation, or any emerging tool is worth the investment? The answer isn’t as complicated as it seems.