Category: NYT Accounting News

AAFCPAs, a Top 100 Firm based in Westborough, Massachusetts, has acquired McLaren & Associates CPAs, a firm specializing in forensic accounting.

A group of Senate Democrats and the Treasury Inspector General for Tax Administration are raising questions about the impact of IRS funding cuts.

Knowing exactly who you serve — and why — is becoming one of the most powerful competitive advantages a small firm can develop.

The IRS issued a notice extending the deadline for making certain amendments to IRAs, SEP arrangements and SIMPLE IRA plans until Dec. 31, 2027.

The IRS offered relief from failure-to-pay penalties to nearly 5 million taxpayers during the pandemic, but 3.6 million have since taken steps to pay tax debts.

The Treasury Department canceled $21 million in contracts, alleging the consulting firm failed to protect taxpayer data, including President Trump’s tax returns.

The Internal Revenue Service officially opened tax-filing season amid changes from the One Big Beautiful Bill Act and the threat of another government shutdown.

States generally assert taxing authority over income based on two core principles: residency and source.

‘Cautious optimism’ is the watchword for this tax season — but there’s still plenty tax practitioners can do to make it run smoothly.

The bank plans to buy the closely held financial-technology company that focuses on corporate expense management and accounting.