The Institute of Internal Auditors is calling on lawmakers and policymakers to strengthen their oversight of prediction markets such as Kalshi and Polymarket.

The law, effective Oct. 1, 2026, will create a third pathway that allows candidates to earn their CPA license with a bachelor’s degree, two years of experience and passing the CPA exam.

CryptoPunks; Eight Percent Fund; fake Transaction Summaries; and other highlights of recent tax cases.

Nonprofit organizations are worried the IRS and the Treasury Department will take away their tax-exempt status and even sue or prosecute them.

The IRS and the Treasury posted temporary regulations and a notice of proposed rulemaking outlining a new way to recover federal excise taxes paid on dyed fuel.

The International Financial Reporting Standards Foundation revised its Due Process Handbook, outlining the steps used for developing IASB and ISSB standards.

KPMG is shutting down its audit practice for the federal government after losing a Pentagon contract, and laying off 4% of its U.S. advisory practice.

Kreston Global, an international accounting network based in London, has created a new Global Legal Group, uniting legal professionals from across the network, operating in coordination with the network’s Global Tax Group.

The latest Xero Small Business Insights (XSBI) data reveals a surprising trend: despite the fuel crisis erupting in March, small business sales held firm. But this resilience is fragile; the longer the crisis persists, the greater the pressure on profit margins and the broader economy.  What happened to fuel prices in March? During March, average …

Small businesses resilient in fuel crisis, but challenges loom Read More »

A group of bipartisan bills moved through the House this week that would make changes in IRS administration, customer service, taxpayer privacy, tax return processing, as well as disaster relief and tax breaks.