Category: NYT Accounting News

Top 75 Firm Sax acquired SCL Consulting in Maryland, effective Nov. 14, 2025, strengthening its client advisory services and growing its Mid-Atlantic footprint.

Plus, Schellman becomes the first U.S.-based body for MTCS certification; Intuit launches partnerships with Cherry Bekaert, Rehmann; and other accounting tech news.

The One Big Beautiful Bill Act offers a striking example of how policy design can favor businesses over individual taxpayers, particularly young professionals.

The IRS and the Treasury released interim guidance giving new tax benefits to banks that provide loans secured by rural or agricultural real property.

The American Institute of CPAs is urging the IRS not to merge its Office of Professional Responsibility with its Return Preparer Office to avoid confusion.

The 2016 standard on leases met its objective of providing investors with useful information, but the costs of implementing and maintaining it were high.

Mauldin & Jenkins merged in LaPorte CPAs & Business Advisors; Ascend’s TSS Advisors added John G. Burk & Associates; Ascend’s Walter Shuffain Advisors integrated Richardson & Co.; Cross Financial joined Crete Professionals Alliance.

The issues concern the constitutional division of taxing power, the potential role of Congress in determining trade rules, and costs to businesses and households.

The Financial Accounting Standards Board decided to add a project to its technical agenda related to the accounting for cryptocurrency asset transfers.

The Public Company Accounting Oversight Board has made a pact with Lithuania’s audit regulator to allow the two organizations to cooperate on overseeing firms.