AI and PE add to apprehensions about career opportunities in accounting

How will artificial intelligence and private equity shape the work of young accountants?
Harvard intensifies funding fight with Trump administration

The university sued several U.S. agencies and top officials for freezing billions of dollars in federal funding and threatening its tax-exempt status.
Millionaire tax would generate about $400B in revenue

The Budget Lab at Yale projects that taxing income over $1 million at a 40% rate would generate $420 billion over a decade.
Democrats take aim at Puerto Rico tax perks for crypto investors

Under current laws, qualified investors living in the Commonwealth are not required to pay local or federal taxes on capital gains, including crypto appreciation.
Baker Tilly merges with Moss Adams

Billion-dollar firms Baker Tilly and Moss Adams have made their merger official, combining to form what promises to be the sixth largest CPA firm in the U.S.
Tennessee passes law expanding CPA license path

The Tennessee General Assembly passed legislation backed by the Tennessee Society of CPAs adding an extra pathway to a CPA license as more states make changes.
Earned Wealth acquires Chahal

The financial services firm that caters to doctors, dentists, veterinarians and podiatrists has acquired a tax and accounting firm in California.
KNAV adds Aventus Partners

KNAV Advisory added Aventus Partners, strengthening its U.K. operations and continuing its international expansion strategy.
3 taxes on the wealthy that could pay for TCJA

Studies on the “buy, borrow and die” strategy and state-level taxes reveal the complexities involved with extending the Tax Cuts and Jobs Act by the end of 2025.
Mid-level managers report lowest job satisfaction

Mid-level managers feel squeezed from both ends, according to the 2024 CPA Career Satisfaction Survey.