If Congress attempts to pass a second tax bill before the midterms, Rep. LaLota plans to push to expand the state and local tax deduction.
Category: NYT Accounting News
RIA acquires Bellevue accounting firm
RIA Soltis acquired accounting, tax and advisory firm GDM Private Financial Solutions, the latest example of client demand for integrated wealth and tax planning solutions.
EY embeds AI agents into audits
The Big Four Firm is globally embedding enterprise-scale agentic AI into its assurance engagements, meaning that audits will now use the technology in its firms worldwide.
Modus raises $85M to invest in audit firms, tech
The funding will let Modus partner with audit-focused accounting firms, and develop its technology.
IRS employees owe millions in student loan repayment benefits
Over 1,000 IRS employees owe more than $8 million for not complying with the terms of a program that helps them repay their student loan debts.
IIA improves exam for internal auditors
The Institute of Internal Auditors is enhancing its Certified Internal Auditor Challenge Exam with a new experienced-based pathway pilot and updates for Global Internal Audit Standards.
In the blogs: Clowning around
Lone Star steal; Matchmaker, Matchmaker; under pressure; and other highlights from our favorite tax bloggers.
Reduce billing disputes to accelerate cash flow
Reducing disputes is not about chasing collections more aggressively. It’s about designing billing processes for how work is performed and revenue is recognized.
Silicon Valley’s hottest AI financial metric is also its least trusted
One AI startup executive calls annual recurring revenue “a fake accounting number developed by fake accounting people.”
Designing an AI-ready accounting function
As artificial intelligence rapidly reshapes the finance landscape, accounting leaders face a pivotal moment.