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The Financial Accounting Standards Board has posted the 2025 GAAP Financial Reporting Taxonomy (GRT), the 2025 SEC Reporting Taxonomy (SRT), and the 2025 GAAP Employee Benefit Plan Taxonomy (EBPT). ...
A federal appeals court has reversed itself, reinstating an injunction on beneficial ownership information reporting by businesses only days after lifting it. On Monday, a panel...
I recently analyzed 132 deals across 212 accounting firms for 2024. The 2025 predictions I’m about to share are not investment advice, so please take it...
The tax preparer known as ‘the Magician’ will pay $145 million in restitution.
While AI is still in the wild west phase that many new technologies go through, as the technology has spread there have been increasing calls from...
Prime numbers; Power play; Great White sharks; and other highlights of recent tax cases. Westbury, New York: Business owner Victor Aguayo has pleaded guilty to not...
Private collection agencies have recovered only about $2.4 billion in tax debt payments since April 2017 out of the $64.9 billion assigned to them by the...
The Internal Revenue Service’s program for destroying sensitive paper documents needs to be improved after an inspector general’s report found its contractor was leaving many of...
The risks accountants face multiply and morph over time, and keeping up with them — and the insurance necessary to protect your firm from them —...
Today’s market for professional liability insurance is similar to markets in other industries in that it reflects the changes that the profession is undergoing. As the...
