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After 500 internal penetration tests conducted from 2021-2023, RSM professionals found only 1.6% of organizations had no vulnerabilities at all. Most had around eight.

The Treasury Department provided formal notification to Russian authorities that it’s partially suspending a tax treaty as relations worsen over the war in Ukraine.

The Federal Accounting Standards Advisory Board says that, for federal government accounting purposes, seized digital assets aren’t monetary unless they come from a central bank.

Notice 2024-55 from the IRS explains exceptions to the additional tax for certain emergencies, and for victims of domestic abuse.

Global Reporting Initiative CEO Eelco van der Enden plans to step down at the end of the year when his three-year contract concludes.

Card shark; the roof falls in; a dynamic duo; and other highlights of recent tax cases.

The Internal Revenue Service plans to begin slowly paying some of its older claims for the fraud-plagued Employee Retention Credit this summer but is not lifting its moratorium.

Paul English plans to further extend the accounting and advisory firm network to more countries.

The U.S. Supreme Court upheld a 2017 tax on American-owned businesses’ foreign profits, rejecting an appeal that could have saved companies hundreds of billions of dollars.

We’ve been talking about the burnout crisis for decades, but the talk needs to turn into action.