Category: NYT Accounting News

The Chartered Institute of Management Accountants named John Graham as its next president, succeeding Simon Bittlestone, effective today.

New estimates from the Congressional Budget Office incorporate the broader impact the legislation would have on the economy and federal budget.

President Trump expressed optimism that lawmakers could reach a compromise on the state and local tax deduction, a sticking point in his “One Big Beautiful Bill.”

Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers.

The provision would allow energy companies subject to a 15% corporate alternative minimum tax to deduct certain drilling costs when calculating taxable income.

A group of tax organizations, including the NATP and NAEA, hopes to preserve the core tax functions relied on by tax professionals despite cutbacks at the IRS.

Big Four firm KPMG announced the launch of its new multi-agent AI platform, Workbench, which will serve as a foundational and single AI platform.

Payments platform Tipalti announced it has acquired Statement, an AI-powered treasury automation solution.

Senate Republicans propose to cut trillions of dollars in taxes for households and businesses in their version of President Trump’s signature economic package.

The bill, whose revised text was just released by the Senate, includes a number of significant tax provisions for both corporate taxpayers and nonprofits.