The staff of the Federal Accounting Standards Advisory Board has issued new guidance on the accounting and reporting rules for federal land.
Day: September 26, 2025
IRS contingency plan for government shutdown unclear
The Internal Revenue Service’s contingency plans for a government shutdown are currently unknown, with the web page for the most recent plan from last December returning an error message as of Friday afternoon.
Sales tax and scalability: Why your ERP isn’t enough
ERP systems are powerful for core operations. But indirect tax is a different beast. It demands specialized capabilities that most ERP platforms simply can’t deliver.
Tech news: KPMG trumpets new AI assurance capabilities
Plus, Acumatica rolls out 2025 R2 release; Qount announces AI-Powered 1099 Workflow solution; and other accounting tech news and updates.
Trump plans new tariff push with 100% rate on patented drugs
President Trump announced a fresh round of tariffs on pharmaceuticals, heavy trucks and furniture.