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Former AICPA president and CEO Barry Melancon is joining both the U.S. and the international arms of the firm.

AICPA & CIMA president and CEO Mark Koziel told a group of accountants that the association is preparing for the possibility of the PCAOB being “rolled up.”

The estimate for the amount required for 65-year-old spouses is one of many from a study full of figures that financial advisors can use to highlight the value of HSAs.

Accountants should stop focusing on the past data they generated, and the current situations their clients are in, and migrate to a future-oriented spotlight.

Thomson Reuters announced plans to invest millions in tax and accounting solutions through its newly-launched $150 million venture fund.

The Committee for a Responsible Federal Budget estimated much of the cost would come from extending the 2017 tax cuts for individuals and small business owners.

CPAs handle an influx of sensitive financial information and personal information during tax season, making them an attractive target for cybercriminals.

Employers added 143,000 jobs last month, including 600 in accounting, tax preparation and payroll services, the Bureau of Labor Statistics reported.

Bessent said the Internal Revenue Service would be largely spared from DOGE’s cost-cutting — at least until after the April 15 filing deadline.

While AI agents are not quite ready for prime time, they are here and slowly but surely changing the accounting profession.