With mortgage interest deduction up in the air, here’s one reform idea
A refundable tax credit would carry the same budgetary impact but boost homeownership among lower and middle-income households, a new study says.
TIGTA helped save $6B, agency says
The Treasury Inspector General for Tax Administration completed thousand investigations over the past six months that contributed to more than $6.1 billion in tax savings.
PCAOB posts 2025 inspection priorities
The Public Company Accounting Oversight Board will continue its inspection focus on public companies in the financial, real estate and information technology sectors.
It’s time to get your WISP in order
When you check off ‘WISP’ before the December PTIN renewal deadline, it’s critical to make sure your practice complies with the latest changes.
What’s new in Xero – December 2024
Welcome to our monthly roundup of what’s new in Xero. This month, we’ve introduced updates designed to help you to get paid faster, streamline tax rules and regulations compliance, and manage your sales tax with ease. With enhancements from the ability to send invoices via SMS to improvements in Xero Tax and sales tax reporting, …
KPMG forecasts slight global growth, then dampening
KPMG International forecasts slight growth in global GDP in 2025, then dampening in 2026 due to post-election policies in the U.S.
On the move: CBIZ names next CFO
Whitman Transition Advisors launches new podcast; Bober Markey Fedorovich adds pair to business advisory services; and more updates from across the profession.
IRS catches $2B in tax fraud in 2024
Internal Revenue Service-Criminal Investigation unit released its annual report.
What partnership means to the next generation
A millennial offers insights into the partnership hurdles faced by young CPAs.
Tech news: Sage Copilot available to early adopters
Plus, MS Consultants acquires Tax Credit Hero; Bloomberg announces expanded Compliance Tracker; and other accounting tech updates.