KPMG cuts 195 U.S. audit staff
This marks the Big Four firm’s fourth layoff in three years.
Inside the OBBBA’s changes to Section 174
The Trump administration’s tax bill has created the opportunity to deduct domestic R&E expenses
Restatements often follow auditor changes: PCAOB
The Public Company Accounting Oversight Board found that 29% of companies with major restatements reported an auditor change in the year preceding the restatement.
‘Bitcoin Jesus’ pays nearly $50M to end tax case
Prosecutors agreed to dismiss the indictment against Ver, who admitted that he failed to pay all the taxes that he owed to the IRS on the sale of Bitcoin after he renounced his U.S. citizenship.
GM takes $1.6B charge after pullback from EVs
The giant automaker is taking a hit as the market for electric vehicles is reshaped by the Trump administration’s removal of tax credits and other incentives.
In the blogs: Capitol questions
Shutdowns and tax obligations; 529 money and the CPA exam; gig questions; and other highlights from our favorite tax bloggers.
Yes, extended returns are still due Oct. 15
Despite the government shutdown, the IRS is reminding taxpayers and tax professionals that 2024 tax returns that were put on extension are still due.
Phasing out checks threatens vulnerable taxpayers
Taxpayer Advocate Erin Collins warns about the potential downsides for some taxpayers of the IRS moving entirely to electronic payments.
Why exfiltration prevention is now a compliance imperative for accounting firms
Why exfiltration prevention is now a compliance imperative for accounting firms
IRS gives deposit relief for remittance transfer providers
Notice 2025-55 provides relief in connection with the new excise tax imposed on certain remittance transfers under the One Big Beautiful tax bill.