The tax-writing House Ways and Means Committee held a hearing to consider and pass seven bills related to tax administration and the Internal Revenue Service.
Category: NYT Accounting News
AI and the new age of fraud
Your accounting firm’s clients are counting on you to understand fraud risk in the Age of AI.
FASB proposes changes in investment company reporting
The Financial Accounting Standards Board wants to amend how investment companies measure the fair value of a security subject to a contractual sale restriction.
AI is creating a new class of tax liability
Accountants are no longer just educating clients about tax law, but actively dismantling AI-generated fiction before it turns into audit-triggering liability.
CLA acquires Perkins & Co.
The Top 20 Firm acquired Regional Leader Perkins & Co., expanding its Pacific Northwest presence.
In the blogs: Nothing like a World Cup
Fight belongs at federal level; Circular 230 still matters; make everything stick; and other highlights from our favorite tax bloggers.
IRS needs to hire more veterans
The Internal Revenue Service consistently falls short of its longstanding 14% goal of hiring veterans, with annual hiring typically ranging from 7% to 11%.
Small businesses add jobs, but wages stay flat
The pace of job growth at businesses with fewer than 50 employees improved for the fourth consecutive month in June, according to Paychex.
EisnerAmper adds Silicon Valley firm
The Top 20 Firm acquired Santa Clara, California-based Sherwood Partners in a transaction expected to close this July.
When the preparer’s fraud is the client’s problem
The Supreme Court left in place a decision that should change how practitioners talk to clients about old returns and how to evaluate the people who prepared them.