The Senate Finance Committee voted nearly unanimously to approve a wide-ranging bipartisan tax administration bill aimed at improving operations at the IRS.
Category: NYT Accounting News
How advisors can act as hubs for clients’ lawyers, accountants
By coordinating with a client’s other financial professionals, such as lawyers and accountants, financial advisors have the potential to deliver even more value.
Overconfidence in AI governance means safety takes a back seat to speed
While almost everyone is talking the talk on AI governance and control, recent data suggests far fewer are walking the walk, to the detriment of organizations.
Senate Dems plan amendment banning Trump audit immunity deal
Democrats on the Senate Finance Committee plan to introduce an amendment prohibiting President Trump’s audit immunity deal with the IRS during a markup hearing.
IRS marks National Whistleblower Day
The Internal Revenue Service is highlighting the role of tipsters in exposing tax fraud and helping it recover unpaid taxes and strengthen tax compliance.
Grant Thornton to acquire CBIZ for $5B
Upon the historic deal’s closing, Grant Thornton is expected to become the fifth-largest firm with more than $5 billion in domestic revenue and $7.5 billion globally.
In the blogs: How far on a full charge?
Disagreeing with the IRS; daunting levels of debt; Sunshine State; and other highlights from our favorite tax bloggers.
Senate committee drafts wide-ranging tax administration bill
The sprawling bipartisan bill would add new requirements for the IRS as well as tax preparers, including continuing education for unlicensed preparers.
Sustainability reports getting fluffier
Corporate sustainability reports are including less specific quantitative information and disclosures and leaning more toward puffery.
Accounting’s missing middle
How firms are working to solve the latest iteration of the pipeline problem