Accounting firms can determine individual CPAs’ practice privileges in different states under new mobility and substantial equivalency rules.
Category: NYT Accounting News
Time, training significant blocks to tech adoption
People want to use AI and other advanced tech more effectively, but they’re too busy to learn how.
Assessing PE’s ‘great lab experiment,’ four years in
Speakers at Accounting Today’s 2025 PE Summit urged firms to explore the ways private equity is transforming accounting — and their practices.
Guidance issued for tip and overtime deductions
In Notice 2025-69, the IRS and the Treasury offer clarifications and examples of how to claim the One Big Beautiful Bill Act deductions.
Nidec shares slide amid accounting probe
Another downgrade by Moody’s hit the manufacturer of mini motors’ stock price.
New York signs licensure changes into law
Empire State Gov. Kathy Hochul signed a bill into law that will create an additional pathway to CPA licensure — the latest state to pass changes to licensure requirements.
IRS says it’s back to normal, post-shutdown
Staff have begun working through the backlog of correspondence and messages, and are expected to begin reaching out to tax pros and taxpayers soon.
Staying independent in the age of private equity
It’s more than possible for firms to forego private equity investment — but it requires serious planning and discipline.
Intuit partners with OpenAI on ChatGPT apps
Intuit has announced a multiyear partnership with OpenAI to develop branded finance apps that can be accessed directly within ChatGPT, a deal worth over $100 million.
On the move: Big Four LA leaders beautify city
Financial Accounting Foundation appoints new trustees; MGO business management professionals awarded industry accolades; and more news from across the profession.