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Latest News & Web Pages
IRS finalizes list of jobs entitled to deduct tips
4+ hour, 31+ min ago (585+ words) The Internal Revenue Service and the Treasury Department released final regulations Friday on the new tax deduction for tipped employees under the One Big Beautiful Bill Act, finalizing the list of occupations entitled to claim the deduction in the waning…...
Tech news: Intuit, Gusto both tout Claude integrations
2+ hour, 39+ min ago (116+ words) Intuit, Gusto both tout Claude integrations; Oracle premiers Fusion Agentic Applications; Suralink launches Financial Statement Tie Out solution; and other accounting tech news and updates. Plus, the SEC names a new enforcement director, FASAB names a new chair, EY names…...
Michael Burry says he's still betting against Palantir after Trump post boosts stock
7+ hour, 49+ min ago (299+ words) Michael Burry is sticking with his bearish wager against Palantir Technologies, even after a public endorsement from President Donald Trump helped lift the stock. The investor of the "Big Short" fame said in a Substack post Friday that he continues…...
Gibson Dunn partner takes top enforcement role at SEC
4+ hour, 30+ min ago (486+ words) A former Securities and Exchange Commission official will return to the agency next month to take the top enforcement job following the sudden resignation of the previous director." David Woodcock, a partner at law firm Gibson Dunn & Crutcher, will start…...
Evaluating AI vendors? Start with these 4 criteria
6+ hour, 49+ min ago (319+ words) If your firm has started exploring AI and feels overwhelmed by the number of vendors" promising to transform your practice, you are not alone. Over the past year, my team" and I have evaluated somewhere between 100 and 200 AI vendors " each…...
The value gap between internal succession and external transactions
6+ hour, 19+ min ago (370+ words) We have a quantifiable problem. It is creating a problem for some, opportunity for others, and confusion for those remaining. There is a massive value gap with an internal succession versus an external transaction, and the gap is uncomfortably alarming…...
On the move: PICPA hosts its 129th annual meeting
4+ hour, 29+ min ago (111+ words) Plus, the SEC names a new enforcement director, FASAB names a new chair, EY names a new office MP in Dallas, and more. Illicit income; fly like an eagle; subcontractor swindle; and other highlights of recent tax cases. Ideagen Audit…...
Behind China's 'active efforts' for an Iran ceasefire: Business trumps politics
15+ hour, 42+ min ago (915+ words) BEIJING " China's ties with countries such as Iran and Russia have raised expectations of a bigger diplomatic role, but Beijing remains focused on protecting its own domestic interests, including global exports. That stance underpins Beijing's circumspect acknowledgment of reports that…...
Tax Fraud Blotter: Check, please
20+ hour, 44+ min ago (1271+ words) Denver: A restaurateur who ran eateries in two states pleaded guilty to defrauding the federal government out of millions of dollars and not paying hundreds of thousands more in taxes." Jared Leonard, 45, appeared to be a successful businessman and pillar…...
Alibaba leads $290 million investment for building a new kind of AI model as LLM limits emerge
22+ hour, 6+ min ago (476+ words) BEIJING " Alibaba Cloud is investing in a new type of artificial intelligence designed to better replicate the real world using a different approach from chatbots such as Open AI's Chat GPT. The shift recognizes the limits of "large language models…...