Category: NYT Accounting News

The federal scholarship tax credit is set to take effect on Jan. 1, 2027, with proposed regulations expected by the end of September.

The Trump administration is touting its tax-advantaged investment accounts, but critics say the accounts may only reach those who are already set in life.

The tax-advantaged accounts are available to all minors who are U.S. citizens, with a $1,000 seed contribution for children born between 2025 and 2028.

The Top 25 Firm acquired Houston-based Ham, Langston & Brezina, effective as of July 1, expanding its presence in Texas.

Ernst & Young is expanding its use of artificial intelligence to make the tax preparation process more efficient, while also recognizing its limitations.

Plus, new partners at Weaver and Gross Mendelson; a host of scholarships in Illinois; and other firm and personnel news from across the profession.

Plus, CCH Axcess adds complex document ingestion and interpretation; TaxStatus launches Planning Observations to automate discovery; and other accounting tech news and updates.

Accountants are justly proud to be the economy’s “most trusted advisor,” but if you’re doing just what you’ve always done, then that trust you’ve developed is at risk.

Red flag returns; dubious dental surgeries; high percentage of refunds; and other highlights of recent tax cases.

As the July 4 launch date nears when clients can start contributing to Trump accounts, advisors discussed pros and cons of this method to save for children.