The appropriations act enacted over the weekend that kept the federal government from shutting down included $12.3 billion for the IRS, but also codified an agreed-upon $20 billion cut in money allocated by the Inflation Reduction Act.
Day: March 26, 2024
In the blogs: Whine of the times
More than prep; homebuyer credit needs work; tax shots across the Hudson; and other highlights from our favorite tax bloggers.
A firm grasp on reality: M&A activity expected to rise
Four in five M&A professionals see deal volume increasing over the next six months, which should come as no surprise to accounting firms considering a recent flurry of activity.
FieldGuide bets AI can help fix accountant shortage
Three-year-old startup Fieldguide raised $30 million in funding to further its goal of using AI to alleviate an acute shortage of accountants worldwide.
IRS investigating Dodgers star’s former interpreter
Ippei Mizuhara and an alleged bookmaker are under criminal investigation by the Internal Revenue Service, the agency confirmed.
Foundational skills for young accountants
Experts highlight tech savviness and strong communication as key skills for early-career accountants.
MassCPAs finds DEI problems in accounting
The Massachusetts Society of CPAs released a report that identified widespread racial and ethnic disparities in the profession.