Category: NYT Accounting News

Lawmakers in Congress have their eyes on several pieces of tax-related legislation that may or may not get passed this year, though the upcoming November midterm election is bound to affect any possibility of the bills advancing.

For accounting firms, the evolution in cyberthreats is more than a wake-up call, it’s a risk to client trust, compliance status, and long-term reputation.

Sorren, a rapidly growing firm based in Meridian, Idaho, acquired Connected Accounting in Los Angeles.

The Governmental Accounting Standards Board released a proposed Implementation Guide with questions and answers on the requirements related to subsidies.

The Top 50 Firm acquired Larson Tax Partners, expanding its presence in the Midwest and strengthening its tax practice.

Proposed regulations will affect the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit.

Crowe Global reported revenues of $6.5 billion in 2025 across its international accounting firm network, a 12% increase year over year.

Cryptocurrency disposals; cosmetic compliance; paper or plastic; and other highlights from our favorite tax bloggers.

Forvis Mazars reported its combined revenue globally for fiscal years 2024-25 reached $5.7 billion, or about 11% year-over-year growth.

The IRS’s Criminal Investigation unit is leveraging the data received from financial institutions under the Bank Secrecy Act for the vast majority of probes.