Category: NYT Accounting News

KPMG is shutting down its audit practice for the federal government after losing a Pentagon contract, and laying off 4% of its U.S. advisory practice.

Kreston Global, an international accounting network based in London, has created a new Global Legal Group, uniting legal professionals from across the network, operating in coordination with the network’s Global Tax Group.

A group of bipartisan bills moved through the House this week that would make changes in IRS administration, customer service, taxpayer privacy, tax return processing, as well as disaster relief and tax breaks.

AI can produce analysis, but it can’t build trust or relationships. If students aren’t trained in those areas, they’ll be unprepared for roles that matter most.

Indexing capital gains to inflation would allow taxpayers to adjust the value of an asset to account for rising prices across the economy.

An AI agent is a system that can not only answer questions but also take autonomous action — a proactive team member who watches, thinks and acts on your behalf.

New GASB standards; tax cheats; along for the rideshare; and other highlights from our favorite tax bloggers.

The deal, expected to close later this year, will expand Grant Thornton’s presence in the Asia Pacific region.

The International Public Sector Accounting Standards Board hopes to improve how financial information is presented in public sector financial statements.

The legislation would enable taxpayers to use a secure IRS website to download a tax form automatically populated with information the IRS already collects.