Category: NYT Accounting News

The adjustments reflect how inflation is slowing down and upcoming changes to the rules based on the Secure 2.0 Act and the Tax Cuts and Jobs Act.

Christina Ho said Sens. Elizabeth Warren and Sheldon Whitehouse are unfairly singling her out for audit failures at firms.

KSM adds SGKK; KNAV merges in HLG Netherlands; ATKG combines with SPR.

The Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.

Stagnating wages and gaps in career path awareness have pushed young professionals away from accounting, leading to a dearth of candidates and leaving firms scrambling to find a solution.

Forvis Mazars acquires MSL; Blue & Co. merges in Mellen, Smith, and Pivoz; LGA adds Comolli; RBSK Partners acquires Hash CPA Group.

UHY launches global rebrand; IRS selects first associate chief counsel for the newly created passthroughs, trusts and estates office; and more news from across the profession.

The amount individuals can contribute to 401(k)s in 2025 has increased by $500 to $23,500, but the IRA limit remains $7,000.

Plus, Withum rolls out cloud-based audit platform; SafeSend’s new Client Portal uses PIN instead of password; and other accounting tech news and updates.

The accounting profession is grappling with both a shortage of talent and a generational shift in workplace expectations.