IRS high-income taxpayer audits in doubt after layoffs
The Internal Revenue Service’s plan under the Biden administration to audit high-income taxpayers appears less likely after staffing and budget cuts.
Deloitte Tax acquisition boosts fiduciary trust services
The Big Four firm has acquired certain assets of boutique firm Trust Processing Solutions, based in Cincinnati.
Tax strategies to maximize short-term rental profits
CPAs play a crucial role in helping property owners maximize their profits through advanced tax strategies.
PCAOB sanctions three firms
The Public Company Accounting Oversight Board today sanctioned Goldman & Company, CPA’s, Raymond Chabot Grant Thornton, and PWR CPAs.
Congress passes bill offering tax-filing relief after natural disasters
The Senate passed a bipartisan bill that would provide tax-filing relief for taxpayers in states that have issued state-level disaster declarations, sending the bill to President Trump for his signature.
On the move: REDW appoints first OKC principal-in-charge
Wiss hosts third annual summer financial literacy program; Schneider Downs adds five shareholders; and more news from across the profession.
Rethink expense report workflows for company credit cards
Auditing card transactions for fraud and policy violations is a specialized task, one that auditors and finance professionals are trained to handle.
Tech news: Audit Sight releases Management Meeting Module
Plus, Abacus announces $6.6 million seed funding for agentic AI assistants; and other news and updates from the accounting tech arena.
Tax Fraud Blotter: Who ya gonna call?
Underhanded underground; down on the farm; reality check; and other highlights of recent tax cases.
Smith+Howard starts new tax practices
Smith + Howard, an Atlanta-based Top 100 Firm, has opened two new tax practices: Site Selection + Incentives and State and Local Income Tax Consulting.