Category: NYT Accounting News

Compliance drift; adoption tax credit; distort the P&L statement; and other highlights from our favorite tax bloggers.

Accounting firm advisor Stout acquired Flightline, an agentic AI company, building out its AI-enabled workbench.

Intuit announced a new version of Credit Karma Tax as a way to further invest in free DIY options as its sister product TurboTax focuses on live support.

Internal audit teams are relying more on outside auditing firms and partners, according to a new report.

The Internal Revenue Service accepted over 470,000 electronically filed tax returns claiming $977 million in dubious deductions for automobile loan interest.

The Governmental Accounting Standards Board plans to allow accountants time to adjust to its existing standards before burdening them with new standards in 2029.

The AICPA and AIUC announced a joint assurance certification combining their examination processes into a single independent review of AI safety and effectiveness.

The final regulations allow the IRS to directly accept payments of tax by credit or debit card, without connecting taxpayers to third-party payment processors.

Hill, Barth & King acquired The Curchin Group, effective as of Oct.16, expanding the Top 50 Firm’s Northeast footprint.

The Big Four Firm reported that its global revenue reached $60.2 billion, up 5.7% from the prior fiscal year.