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Latest News & Web Pages
Ray Dalio says Kevin Warsh shouldn't cut interest rates in a "stagflation" era
19+ hour, 48+ min ago (211+ words) Billionaire investor Ray Dalio warned that the U. S. economy has slipped into a stagflationary environment and said it would be a mistake for potential Federal Reserve chair successor Kevin Warsh to lower interest rates. The founder of Bridgewater Associates said persistent…...
'Draconian development' in Meta-Manus deal draws the line in China's AI race with the U. S.
4+ hour, 25+ min ago (1017+ words) BEIJING " China's decision to block U. S. tech giant Meta's $2 billion acquisition of artificial intelligence startup Manus is being seen by analysts as a warning to tech entrepreneurs. "Clearly after Manusgate, founders will know that if you start in China, you stay…...
FASB adds project on insurance hedging
12+ hour, 18+ min ago (385+ words) The Financial Accounting Standards Board added a project to its technical agenda to allow insurance companies to use the "portfolio layer method" when doing hedge accounting on their financial liabilities. The project would extend the PLM to liabilities to better…...
Saba Capital finds little appetite for tender offer of shares in Blue Owl, Starwood private credit funds
13+ hour, 55+ min ago (350+ words) Saba Capital Management said that the tender offers for shares in non-traded business development companies managed by Blue Owl Capital and Starwood Capital came in "below initial expectations."" In early March, the hedge fund Saba"offered liquidity to locked-up investors…...
Audit committee chairs check in on AI
10+ hour, 49+ min ago (316+ words) The Public Company Accounting Oversight Board published today its annual Conversations with Audit Committee Chairs report, which gathered responses from over 250 audit committee chairs." The report found that while chairs acknowledge the potential of AI to increase efficiency and quality,…...
AICPA & CIMA roll out AI Accelerator Skills Program
11+ hour, 31+ min ago (310+ words) The AICPA and CIMA announced the launch of its new "AI Skills Accelerator," an intensive multi-course program for accounting and finance professionals that provides a wide breadth of materials to build skills with artificial intelligence and better understand the mindset…...
IRS lets taxpayers ask for more time after ERC is disallowed
16+ hour, 44+ min ago (561+ words) The Internal Revenue Service is offering taxpayers a new option to request more time for the IRS and its Independent Office of Appeals to review a taxpayer's response to a disallowance of an Employee Retention Credit claim and avoid protracted…...
House advances slimmer IRS budget for 2027
12+ hour, 44+ min ago (666+ words) The House Appropriations Committee approved further budget cuts for the Internal Revenue Service, expanding the use of artificial intelligence and data analytics to handle enforcement along with a restructuring effort that aims for greater efficiencies, while rejecting Democrats' efforts to…...
Grow your practice without adding new clients
16+ hour, 23+ min ago (1058+ words) Many accounting firms find that a small fraction of their clients drive the bulk of their revenue, while a large portion contributes relatively little beyond an annual tax return. The instinctive response might be to reduce or eliminate these relationships....
Fractional CFO firm gets minority investment
22+ hour, 38+ min ago (232+ words) This investment bolsters the competition for accounting firms that offer similar outsourced CFO services. CFO Selections serves business and nonprofits across Washington, Oregon, Colorado and Texas with a team of more than 250 employees. It provides fractional CFO and controller services,…...