Plus, KPMG names new int’l leaders; a new director of enforcement at the PCAOB; and other firm and personnel news from across the profession.
Category: NYT Accounting News
Crowdsourcing Code: Farming ideas, refining concepts
Firms are sourcing new solutions from field staff to expand their tools and upskill their professionals. But they aren’t just throwing together programs and calling it a day.
IRS advisory committee recommends AI, preparer safeguards
The Electronic Tax Administration Advisory Committee report calls for sustained IRS funding, human-centered design, fraud prevention and preparer regulation.
Tax Fraud Blotter: Bum a smoke
Disbarred lawyer; frozen bank accounts; bridal shop scam; and other highlights of recent tax cases.
IRS plans qualified opportunity zone rules
The Internal Revenue Service and the Treasury Department plan to issue proposed regulations for qualified opportunity zones under the TCJA and the OBBBA.
The missing layer in your AI tax strategy
Here’s why every AI-powered tax initiative starts with a document problem — and what to do about it.
Firms’ lack of standardization costs more than it appears
Professionals are not only overwhelmed because they work long hours, but because they operate within unstable systems.
R&D tax break window closes July 6
Between now and July 6, companies have a narrow time limit to retroactively recover research and development tax deductions from up to the previous three years.
Centri makes first acquisition
The Mid-Atlantic Regional Leader acquired Minneapolis-based Altair Associates, marking its first acquisition and significantly expanding its insurance practice.
FASB proposes improvements in hedge accounting
The Financial Accounting Standards Board posted a proposed accounting standards update to improve interest rate risk hedging and net investment hedging accounting guidance.