Avoid ‘Jordan’s revenge’ and find slam-dunk savings for athletes

The headache of filing dozens of state or international returns due to the so-called jock tax comes with opportunities to tap into savings, experts say.
Canopy announces $70M funding round

Accounting practice management software provider Canopy announced a $70 million Series C funding round.
Global tax leaders face uncertainty amid tariff push

Tax and finance executives around the world are confronting the prospect of increased tariffs and trying to adjust their plans accordingly.
Recession may reveal wave of Ponzi schemes

As the odds of a downturn climb, one expert warns that it may result in the uncovering of so-far undetected fraud schemes.
Addressing the accounting talent shortage through hands-on education

Utah Valley University and Intuit are piloting a hands-on education program to attract students to pursue accounting careers.
Deadline for 2025 Best Firms to Work For applications set

The window for participating in Accounting Today and Best Companies Group’s annual ranking will close May 9.
Grant Thornton unites firms in US, UAE, Luxembourg, Cayman

Grant Thornton Advisors is merging together more international firms in its network, adding firms in the United Arab Emirates, Luxembourg and the Cayman Islands.
Trump ‘attack’ on IRS risks $1T revenue hit, says Summers

Former Treasury Secretary Lawrence Summers said the Trump administration’s moves to downsize the IRS are likely to incentivize reduced tax-payment compliance.
Finance leaders blindsided by hidden fees, price hikes in software

The vast majority of finance leaders have been surprised by the true price of their software, whether through hidden costs or sudden increases.
Education Dep’t to restart student loan collections

The U.S. Department of Education plans to resume collecting defaulted student loans on May 5 after a years-long pause that began with the pandemic.