Illicit income; fly like an eagle; subcontractor swindle; and other highlights of recent tax cases.
Category: NYT Accounting News
Big Four hold onto their share of SEC market
Ideagen Audit Analytics’ annual report on the audit landscape shows the market share landscape remaining much the same.
GASB proposes guidance on infrastructure
The Governmental Accounting Standards Board is looking for public comment on proposed guidance for reporting on infrastructure assets.
Locked into concentrated capital gains? Exchange funds could help
Exchange funds could help address some wealthy clients’ concentration risks and tax quandaries at the same time.
EisnerAmper to add valuation & forensic firm
The Top 25 Firm will acquire KLG Business Valuators & Forensic Accountants in a deal expected to close this May.
New wrinkles for accounting’s people problems
Leaders at Top 100 Firms have a host of new concerns about staffing, culture and succession.
NY lawmaker aims for SALT expansion
If Congress attempts to pass a second tax bill before the midterms, Rep. LaLota plans to push to expand the state and local tax deduction.
RIA acquires Bellevue accounting firm
RIA Soltis acquired accounting, tax and advisory firm GDM Private Financial Solutions, the latest example of client demand for integrated wealth and tax planning solutions.
EY embeds AI agents into audits
The Big Four Firm is globally embedding enterprise-scale agentic AI into its assurance engagements, meaning that audits will now use the technology in its firms worldwide.
Modus raises $85M to invest in audit firms, tech
The funding will let Modus partner with audit-focused accounting firms, and develop its technology.