The basics of S corporations — and the pitfalls for small businesses
The structure has been delivering tax savings to advisory practices and other professional services firms for decades. But experts say sometimes it’s not the best fit.
Accounting class-action lawsuits rose slightly last year
The number of accounting-related securities class-action filings increased slightly in 2024, but were filed against smaller companies, according to a new report.
Managing a multigenerational team begins with understanding
Millennials and Gen Z are increasingly populating the accounting workplace, bringing different expectations, work styles and technological proficiencies.
In the blogs: Lotus operandi
IRS happenings; minimal talk of de minimis; new blog on the block; and other highlights from our favorite tax bloggers.
Growing national debt still not fully accounted for
The federal government’s financial condition worsened by $4.7 trillion in the past year, according to a new report.
Bill reintroduced to add accounting to STEM
The bill, backed by the AICPA, would enable K-12 STEM funding to be used for accounting awareness and education and eventually help with the talent shortage.
IRS marks Tax Day amid layoffs, cutbacks
The Internal Revenue Service commemorated the 70th anniversary of the April 15 tax filing deadline.
Tennessee, Arkansas weather victims get tax relief
The IRS is pushing back filing and payment deadlines statewide for those impacted by local storms, tornadoes and flooding.
Bessent says ‘Everything’s on the table’ for taxes on wealthiest
The Treasury Secretary said the administration and the GOP are looking at a range of ways to help pay for President Trump’s tax agenda, including extending his 2017 tax cuts.
Where the Top 100 Firms are
The accounting profession is at home everywhere in the country, but there are a few spots where it’s more concentrated.