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MOST RECENT STORIES

Senate unveils plan to fast-track tax cuts, debt ceiling hike

The Senate plan will allow for a $4 trillion extension of Trump's tax cuts and an additional $1.5 trillion in...
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Don’t place a bond ladder on shaky tax ground

The wrong asset location could defeat the whole purpose of the strategy, according to a new study on Treasury inflation-protected...
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Private sector added 155K jobs in March

Private sector employment grew by 155,000 jobs in March as annual pay increased an average of 4.6% year to year,...
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Government financial reporting and the road ahead under FDTA

A landmark research study by GASB has provided one of the most detailed examinations to date of how state and...
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Macy’s to claw back bonuses due to accounting scandal

The department-store operator tied executives' cash bonuses to an earnings metric that turned out to be overstated by around $81...
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Washington gov. pans wealth-tax proposal

Washington Governor Bob Ferguson said he wouldn't sign a budget that relies on the wealth tax proposed by his fellow...
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Republicans eye $25K SALT cap

A sizable increase to the current $10,000 limit on SALT write-offs would represent a major victory for a crucial group...
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X asks Supreme Court to shield Coinbase users from IRS

Elon Musk's X is urging the justices to shield companies from being forced to disclose sensitive user financial data under...
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Intuit upgrades Enterprise Suite with automation, analytics, payroll

Intuit announced improvements to its Intuit Enterprise Suite product centered around workflow automation and data analytics and payroll. 
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SCOTUS bars bankruptcy clawback from IRS

The Supreme Court overturned a number of lower courts to say a bankruptcy trustee can't get misappropriated funds back from...
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Why IRS cuts may spare a unit that facilitates mortgages

An Internal Revenue Service division that helps authorize the release of tax transcripts used in lending through form 4506-C is...
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AI in accounting: Weighing the pros and cons

Experts at a recent AICPA symposium dove into the upsides and the downsides of artificial intelligence. 
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In the blogs: Many hats

Teaching fraud; easement settlement offers; new blog on the block; and other highlights from our favorite tax bloggers. 
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House passes tax administration bills

The House unanimously passed six bipartisan bills concerning taxes and the IRS, four of which were endorsed by the AICPA. 
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Is gen AI really a SOX gamechanger?

By streamlining tasks such as risk assessment, control testing, and reporting, gen AI has the potential to increase efficiency across...
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FASB offers revenue guidance for construction contractors

The Financial Accounting Standards Board released a paper on how to apply its revenue recognition standard to construction contracts with...
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Small business wage growth stayed flat in March

Hourly earnings and job growth for workers in small businesses remained mostly unchanged last month, according to payroll provider Paychex. 
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M&A roundup: EisnerAmper and GTM expand

EisnerAmper added Prague & Co.; and GTM acquired the state income tax practice of DMA. 
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Fashion-tech startup teeters as CEO resigns over fraud claim

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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AI startup hires auditors to investigate inflated sales

Builder.ai lowered sales figures and hired auditors, a major setback for the artificial intelligence startup backed by Microsoft and the...
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Republicans eye $25K SALT cap

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.