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Texas Sen. Ted Cruz pitched Republican senators Wednesday on ending the Federal Reserve’s authority to pay interest to banks, claiming it would save $1.1 trillion over...
The Public Company Accounting Oversight Board today sanctioned Heaton & Co. and one of its partners, Kristofer Heaton, for failing to properly document five audits. The...
The accounting profession is more complex than ever before. Small and medium-sized accounting firms face increasing competition, shifting client expectations and rapid technological innovation. While many...
The accounting profession is facing a perfect storm of staffing challenges. There aren’t enough accountants to handle the rising workloads, the workforce is getting older, and...
(Left to right) EY partner Mark Kronforst, SEC acting chief accountant Ryan Wolfe and FASB chair Richard Jones at the Financial Executives International and USC Leventhal...
U.S. accountants who advise small and midsized businesses are feeling less confident this year, according to a new survey. The 2025 Avalara Accountants Confidence Report, produced...
Republican senators are considering placing a $30,000 cap on the state and local tax deduction as a compromise between current law and the more generous limit...
During the early days of the COVID-19 pandemic, the turbulence felt unprecedented. Fast forward to 2025, and turbulence is now the norm rather than the exception....
A recent report from CPA.com says that semi-autonomous AI bots are already completing bookkeeping workflows start to finish, fully automating the entire process, and tax compliance...
Top 50 Firm Elliott Davis announced today it is taking a private equity investment from Flexpoint Ford to accelerate the firm’s growth and expand its service...
