The Internal Revenue Service increased overtime hours and pay for its employees after extensive staffing reductions and last fall’s government shutdown.
Category: NYT Accounting News
IRS detecting more tax-related identity theft
The Internal Revenue Service has improved its ability to flag returns for signs of identity theft, adjusting its filters to reduce false positives and spot fraud.
Evergrande liquidators seek $8.4B from PwC in Hong Kong court
The case centers on PwC’s auditing work for Evergrande, an emblem of China’s property crisis since it defaulted in 2021.
ASL adds California firm
Regional Leader Abbott, Stringham & Lynch acquired San Jose, California-based ArightCo.
AICPA suggests IRS guidance priorities
The American Institute of CPAs sent a list of nearly 200 recommendations to the Internal Revenue Service for the IRS’s 2026-2027 Priority Guidance Plan.
Two levers for doubling your firm’s value
Most firm owners focus on the revenue lever they have pulled their whole career, but they may never have touched the other lever.
Tech news: CLA launches CLA One Digital service
Plus, Xero announces XeroForce custom AI agent builder; Emburse releases new AI purchasing agent; and other news and updates from the accounting tech world.
Newsom pitches software tax to raise billions
California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions of dollars in new revenue.
Tax Fraud Blotter: Full of scrap
Ghost payroll; non-existent businesses; save you from paying; and other highlights of recent tax cases.
Six strategies for AI
Executives from the Top 100 Firms and Regional Leaders share their approaches on adopting and implementing artificial intellgience.