93% of SPACs audited by non-top 6 firms
Over 90% of SPACs were audited by firms outside of the six largest firms, according to the PCAOB.
The capacity crunch: Hybrid still reigns
A mix of in-office and remote working is the most popular arrangement firms can offer to their people craving flexibility — and trust.
Why knowing your numbers is key to UK small business growth
Today is an important day for Xero, as we launch our new social impact initiative: Know Your Numbers. This programme aims to tackle a fundamental challenge that I encounter frequently across the UK: the deep-seated financial skills gap, something that’s important to me personally and also the reason I became an accountant. I grew up …
Why knowing your numbers is key to UK small business growth Read More »
SEC reduces cost of consolidated audit trail
CAT expenses are forecasted to drop an additional $20 million given the SEC’s order and other cost-saving measures.
IRS postpones tax deadlines for taxpayers affected by Israel terror attacks
The Internal Revenue Service is postponing until Sept. 30, 2026, a wide range of deadlines.
Small business job and wage growth stayed steady in September
Small businesses with fewer than 50 employees maintained steady job growth and hourly earnings growth this past month, according to payroll company Paychex.
EV tax credits are ending, but auto makers hope to extend them
The One Big Beautiful Bill Act is abruptly curtailing the $7,500 tax credit for new electric vehicles and $4,000 for used EVs.
FASB proposes guidance on paid-in-kind dividends
The proposed ASU offers guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.
Treasury posts IRS contingency plan for government shutdown
The plan estimates up to half a workday would be needed to complete shutdown activities.
What falling interest rates mean for trusts and estate planning
While stock values get the most attention after the Fed cuts rates, they affect trusts, too. Some beneficiaries of entities without flexible distribution provisions could take a big hit.