Category: NYT Accounting News

The new accounting model would reflect how financial institutions manage interest rate risks in their portfolios.

Identity theft, fictitious applicants and other forms of fraud continue with the advance premium tax credit for buying health insurance.

The House approved two pieces of legislation to keep IRS agents from levying fines and penalties without supervisory approval, and to strengthen taxpayer rights in proceedings before the Tax Court.

The word “transformation” doesn’t do justice to the kinds of seismic changes that have started to take root in the accounting profession over the past year.

Just in time for Giving Tuesday, there’s some good news for charities, thanks to the One Big Beautiful Bill Act, but also some new caps and limits.

Eide Bailly adds Wall, Einhorn & Chernitzer; Brown Edwards acquires Sheldon & Co.; and LGA merges with Cohen Cohen & Co.

Last month brought a slight uptick in wage and job growth at small businesses, payroll company Paychex reported.

For accountants and auditors, the elimination of the penny will affect reconciliation, system configuration and compliance reporting.

The firm, which now has more than 500 partners, said its deals practice shrank 4% and its audit unit was down 3.7%, while its tax business grew 3.4%.

Carcaught; a big shank; this order’s definitely to go; and other highlights of recent tax cases.