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Diversionary tactic; bad intentions; keeping it real; and other highlights of recent tax cases.

In the age of AI automation, firms are developing staff with less on-the-job learning in repetitive tasks and more formal training and mentorship that emphasizes critical thinking and skepticism.

AI is increasingly taking on the routine repetitive tasks that, in the past, were handled by entry-level accountants, raising questions.

Lawmakers introduced two pieces of legislation to completely eliminate taxes on Social Security benefits and extend the premium tax credits for health insurance for one year

Elevate, a new family office-backed platform firm, made its first acquisition with TYS Advisors, effective Aug. 1.

Xero announced new and upcoming agentic capacities for its Just Ask Xero (JAX) AI model, which the company now dubs a “financial superagent” as it will independently complete certain workflows.

The State Department can disclose tax return information to contractors who help revoke or deny a passport of anyone with a seriously delinquent tax debt.

Leaders of corporate audit committees are confronting new and emerging challenges, according to a new report from Deloitte.

Business executives’ outlook on the economy slightly improved since last quarter, but they are still wary of inflation and tariff impacts, according to the AICPA and CIMA.

The private sector added only 54,000 jobs last month, payroll giant ADP reported, as the job market showed further signs of a slowdown.