Most magical place; Amazon warehouses; paper or plastic; and other highlights from our favorite tax bloggers.
Day: April 21, 2026
GASB videos help gov’t officials navigate financials
The Governmental Accounting Standards Board debuted a series of videos to help officials understand the information included in government financial reports.
Court rules micro-captives not listed transactions
A judge ruled the IRS can’t classify micro-captive insurance as a listed transaction, but allowed classifying it as a “transaction of interest.”
Insurers eyeing AI risk at CPA firms
While the specific impacts are still being determined, professional liability insurers that cover CPA firms increasingly are coming to a consensus that AI is a source of risk that must be controlled by strong governance.
Kentucky passes CPA pathway bill
Kentucky has become the latest state to pass legislation offering an alternative pathway to qualifying for a CPA license to broaden the talent pipeline.