IRS gives guidance on energy tax credits, prohibited foreign entities
The IRS and Treasury plan to propose regulations restricting energy-related tax credits when “prohibited foreign entities” provide material assistance.
Xero sees ’emotional tax’ on small business from financial stress
Small business owners are losing the equivalent of 33 working days a year due to financial stress, according to a report from Xero.
ACFE, Grant Thornton team on Anti-Fraud Blueprint
The Association of Certified Fraud Examiners has partnered with Grant Thornton to help organizations uncover fraudulent activity and avoid financial losses.
M&A roundup: Deals from New Mexico to Maryland
Richey May acquires Wagner Kaplan; Bowers adds Sciarabba Walker; Capstone adds Peltier, Gustafson & Miller; Aldrich Solutions acquires Summit Security Group; Province adds StoneTurn; and Ascend platform expands in Wyoming.
Frazier & Deeter makes plans for acquisitions
The Top 50 Firm based in Atlanta is absorbing three acquisitions it made last year while planning on future dealmaking.
AI Native Accounting Foundation launches to cut AI hype
The independent nonprofit is devoted to helping professionals move past hype and into concrete practical implementations of artificial intelligence technology.
GT sells quality management platform to Tellen, will continue using it
Grant Thornton has sold its quality management application qm.x to accounting AI software company Tellen, though the firm will keep using it.
IRS improperly shared taxpayer data with DHS
The Internal Revenue Service improperly disclosed confidential taxpayer information on immigrants to the Department of Homeland Security.
Oracle NetSuite enhancements feature concert of AI agents
Oracle NetSuite introduced a host of new features and capacities built around agentic AI covering both process automation and data-driven insights.
SEC swears in new PCAOB chair, board members
Demetrios “Jim” Logothetis was sworn in as chair along with two new board members, Mark Calabria and Steven Laughton, just over a week after they were named.