R&D tax break window closes July 6
Between now and July 6, companies have a narrow time limit to retroactively recover research and development tax deductions from up to the previous three years.
Centri makes first acquisition
The Mid-Atlantic Regional Leader acquired Minneapolis-based Altair Associates, marking its first acquisition and significantly expanding its insurance practice.
FASB proposes improvements in hedge accounting
The Financial Accounting Standards Board posted a proposed accounting standards update to improve interest rate risk hedging and net investment hedging accounting guidance.
Accountaneur Advisory launches PE valuation tool
The tool, called the Enterprise Attractiveness Score, evaluates 10 dimensions similar to what PE due diligence teams consider when putting a price on a firm.
As tax firms expand advisory services with AI, client needs must take centerstage
For years, tax firms have talked about moving beyond compliance and offering more strategic advice. Clients want that shift, too.
In the blogs: The rich are different
Juneteenth; ERP programs; compliance drift; and other highlights from our favorite tax bloggers.
Pilot touts Meridian, says AI comparable to seasoned accountant
Bookkeeping, tax and outsourced CFO services company Pilot announced Meridian, which is said to perform the full scope of bookkeeping and financial reporting.
Gusto releases AI agents for accounting firm development
Gusto’s newest release is focused on the accounting practice management arena: six new AI agents designed specifically for business development for CPA firms.
Treasury plans guidance on new scholarship tax credit
The Treasury Department offered a preview of upcoming guidance on a new federal scholarship tax credit that was included in the One Big Beautiful Bill Act.
Union sues IRS for interfering with free speech
The National Treasury Employees Union has filed a lawsuit against the IRS accusing it of systematically removing union materials from offices.