Taxpayer group wants IRS to count stablecoins as tips
The National Taxpayers Union Foundation is asking the Internal Revenue Service to modify the proposed regs for the “no tax on tips” part of the One Big Beautiful Bill Act,
U.S. oil and gas cos. pay more taxes abroad than at home
U.S.-based oil and gas giants like ExxonMobil, Chevron and Conoco Phillips are paying billions of dollars more in taxes in other countries.
IRS answers questions on new rules for 1099-Ks
Fact Sheet 2025-08 goes into detail regarding the dollar threshold for filing Form 1099-K under the One, Big, Beautiful Bill Act.
HBK acquires New Jersey firm KHS
The Top 50 Firm acquired boutique firm KHS, expanding its geographic footprint into northern New Jersey.
On the move: Whitley Penn appoints trio of partners
Monroe Shine celebrates 100 years; Grassi releases 2025 Nonprofit Report; and more news from across the profession.
QXAS launches advisory council
QX Accounting Services is bringing together figures from across the accounting, M&A advisory, consulting and technology innovation sectors.
IRS offers guidance on ERC changes under OBBBA
The Internal Revenue Service fact sheet answers questions about the impact of the One Big Beautiful Bill Act on the processing of Employee Retention Credits.
IRS plans rules on borrow fees for securities
The proposed regulations will provide a rule for determining the source of borrow fees paid in securities-lending transactions and sale-repurchase transactions.
Wolters Kluwer rolls out AI enhancements for audit, client collab
New AI-powered features for client collaboration and audit engagements are available in CCH Axcess.
Tackling fraud in the age of AI-generated receipts
AI tools can generate receipts that are indistinguishable from authentic ones, complete with accurate logos, barcodes and subtotal math.