The Treasury Department issued a notice of proposed rulemaking on implementing a section of the GENIUS Act on who can sell digital assets pegged to a fiat currency like the U.S. dollar.
Category: NYT Accounting News
Check your tech stack for AI training leaks
Tech stacks may be leaking more information than firms realize due to terms and conditions that give vendors permission to access and use it how they see fit.
EY sets up Career Residency Program
Ernst & Young has enhanced its internship program, combining real-world work experience with coaching and future-focused skills development.
Firm files patent on service contract and warranty accounting
Kerper Bowron LLC filed U.S. and international patent applications for the Kerper-Bowron Method of forecasting liabilities for warranties and service contracts.
D.C. mayor signs pathways bill
Washington, D.C. Mayor Muriel Bowser signed a bill to establish an alternative path to CPA licensure. The legislation must now undergo a 30-day congressional review, after which it will become law.
Eide Bailly expands in California, Hawaii, Nevada
The Top 25 Firm Eide Bailly will acquire accounting and advisory firm MUN, expanding its footprint with five offices in key markets.
IRS-CI probes illegal sports gambling
The Internal Revenue Service’s Criminal Investigation unit has been stepping up its enforcement efforts targeting financial crimes tied to illegal gambling.
On the move: CalCPA honors members
Plus, Hitendra Patil releases a new book; Koltin Group and Bennett Thrasher make Inc. 5000; and other firm and personnel news from across the profession.
Sales tax rates hit a 10-year high
The combined average U.S. sales tax rate rose for the first time in four years to a 10-year high of 10.1881%, according to a new report.
NATP adds two credentials for tax pros
The National Association of Tax Professionals unveiled Accredited Individual Tax Professional and Advanced Accredited Individual Tax Professional credentials.