Category: NYT Accounting News

It’s not that we don’t have enough petroleum in our pipelines, it’s that we don’t have a high enough octane to perform what we need it to do.

Most magical place; Amazon warehouses; paper or plastic; and other highlights from our favorite tax bloggers.

The Governmental Accounting Standards Board debuted a series of videos to help officials understand the information included in government financial reports.

A judge ruled the IRS can’t classify micro-captive insurance as a listed transaction, but allowed classifying it as a “transaction of interest.”

While the specific impacts are still being determined, professional liability insurers that cover CPA firms increasingly are coming to a consensus that AI is a source of risk that must be controlled by strong governance.

Kentucky has become the latest state to pass legislation offering an alternative pathway to qualifying for a CPA license to broaden the talent pipeline.

Businesses can file their claims for refunds on the tariffs they paid under the emergency powers that the Supreme Court has since ruled unconstitutional.

Small businesses that don’t qualify for a payroll tax break are still receiving it, despite the IRS’s efforts to stop them, according to a new report.

The IRS posted an updated fact sheet on the tax rules surrounding educational assistance benefits after the passage of the One Big Beautiful Bill Act.

Golden parachutes remain a popular strategy for aligning executive and shareholders’ interests in corporate transactions but can trigger significant tax penalties.