Blog

The American Institute of CPAs’ Auditing Standards Board proposed a set of updates to its attestation standards regarding sustainability and other emerging assurance issues.

Senate Finance Committee leaders introduced bipartisan legislation with changes to IRS procedures and administration, and standards for tax preparers.

The IRS issued Recovery Rebate Credits for the pandemic to nearly 301,000 ineligible taxpayers, many of whom were either immigrants or received extra payments.

The Institute asked for guidance from the IRS and the Treasury on the Trump Accounts for newborns as well other provisions of the One Big Beautiful Bill Act.

Lawmakers in Congress have their eyes on several pieces of tax-related legislation that may or may not get passed this year, though the upcoming November midterm election is bound to affect any possibility of the bills advancing.

For accounting firms, the evolution in cyberthreats is more than a wake-up call, it’s a risk to client trust, compliance status, and long-term reputation.

The IRS introduced a new web page where taxpayers can confidentially report suspected tax fraud schemes, scams, evasion or other tax-related illegal activities.

Sorren, a rapidly growing firm based in Meridian, Idaho, acquired Connected Accounting in Los Angeles.

The Governmental Accounting Standards Board released a proposed Implementation Guide with questions and answers on the requirements related to subsidies.

The Top 50 Firm acquired Larson Tax Partners, expanding its presence in the Midwest and strengthening its tax practice.