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Latest News & Web Pages
Trump vows to donate any proceeds from $10B IRS lawsuit
1+ hour, 30+ min ago (524+ words) President Donald Trump said he would donate any money he received in a $10 billion lawsuit that he filed against the U.S. Treasury and Internal Revenue Service over an unauthorized disclosure of his tax returns to the press during his first term…...
Making outsourcing work for your firm
2+ hour, 27+ min ago (1066+ words) For years, many accounting firms regarded outsourcing as a cautious experiment, useful in some cases but rarely a core part of their strategy. That has changed. Faced with a competitive business environment, ongoing talent shortages, and rising client expectations, firms…...
Mutual funds are 25% unrealized capital gains, study suggests
14+ hour, 27+ min ago (397+ words) Though assets continue to flow out of mutual funds into more tax-efficient vehicles, the threat of capital gains taxes may be keeping trillions of dollars locked in limbo, a new study found. "That's always been a challenging one to explain…...
Democrats blast Trump's $10B lawsuit vs. IRS
14+ hour, 49+ min ago (300+ words) Sen. Ron Wyden, D-Oregon, and Elizabeth Warren, D-Massachusetts, want to know whether the Justice Department plans to defend the Internal Revenue Service and the Treasury Department against President Trump's $10 billion lawsuit over the leak of his tax returns to The…...
Private sector added 22K jobs in January
20+ hour, 36+ min ago (438+ words) Private sector employment grew by 22,000 jobs in the first month of the year, despite steep job losses in the professional and business services sector, payroll giant ADP reported Wednesday," The professional and business services sector, which includes accounting and tax…...
Tax Strategy: Proposed regs on the car loan interest deduction
20+ hour, 57+ min ago (539+ words) On Dec. 31, 2025, the Internal Revenue Service issued Information Release 2025-129 promulgating proposed regulations on the new car loan interest deduction. The proposed regulations expand on Notice 2025-57, issued on Oct. 21, 2025. The deduction is to be claimed on Schedule 1-A of Form 1040. It…...
A big year for AI in accounting
21+ hour, 27+ min ago (642+ words) As talent shortages continue to challenge accounting firms, especially midsized and large ones, leaders are increasingly turning to automation and artificial intelligence to not only fill gaps but to expand capacity without growing headcount " something that is already having dramatic…...
IRS proposes rules for clean fuel production tax credit
1+ day, 15+ hour ago (238+ words) The Internal Revenue Service and the Treasury Department released proposed regulations Tuesday on the clean fuel production credit under the One Big Beautiful Bill Act to help domestic producers of clean transportation fuels such as biodiesel. The clean fuel production…...
Schneider Downs shifts to single CEO model
1+ day, 17+ hour ago (302+ words) Schneider Downs announced it will transition to a single CEO, effective July 1, 2026. The Top 75 Firm named Adam Goode, its practice unit leader of consulting, as the next chief executive. Goode will succeed co-CEOs Steven Thompson and Chris McElroy, whose terms…...
Boomer's Blueprint: The 4-attribute system transforming CPA firms
1+ day, 20+ hour ago (1484+ words) Several dangers are already visible: The good news is you don't need to change everyone or chase every new application or product. You need a system that focuses people on their strengths and surrounds them with the right support. Why…...