Category: NYT Accounting News

Central organizations at nonprofits with local affiliates are now required to file a new form with the IRS to maintain their tax-exempt status.

AI is changing the way tax practitioners work in significant ways, but none of them involve massive job losses or shrinking demand for accountants and auditors.

The Top 50 Firm acquired The Hultquist Firm in Greenville, South Carolina, which will join as Milestone Advisors.

Edgefield Group has expanded its formerly private training for individual firms into publicly available CPE courses, as well as launched a new learning platform on using Microsoft Copilot for accounting workflows.

Are you ready to calculate your firm’s net adjusted EBITDA?

The National Taxpayers Union Foundation’s Taxpayer Defense Center filed a lawsuit seeking to end the collection of donor information from nonprofits.

A federal judge ruled that President Donald Trump’s lawsuit against the Internal Revenue Service was a “bad faith” attempt to manipulate the judicial process.

Accounting firms that don’t keep up with artificial intelligence risk falling behind their own clients, says Madeline Reeves, founder and CEO of Fearless Foundry.

AI tools cannot be the preparer of a tax position. They cannot be subject to Circular 230, defend a study under exam or be professionally disciplined.

Former banking boss Jayne-Anne Gadhia has been picked to chair the U.K.’s audit regulator, the government announced.