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Latest News & Web Pages
Mastercard says it's acquiring stablecoin startup BVNK in $1.8 billion bet on future of payments
1+ hour, 40+ min ago (219+ words) Mastercard on Tuesday said it agreed to acquire BVNK, a London-based stablecoin infrastructure firm, for up to $1.8 billion. It's the payment network's biggest bet yet on the mainstreaming of digital currencies. The deal includes $300 million in payments that are contingent…...
Income Tax: Raghav Chadha Proposes Joint ITR Filing For Married Couples; Here's What He Says
11+ hour, 16+ min ago (489+ words) Rajya Sabha member Raghav Chadha has proposed allowing an optional joint filing of income tax returns (ITR) for married couples, arguing that the current income tax framework unfairly penalises families where only one spouse earns. Raising the issue in Parliament,…...
Xero aims to make AI core to platform functionality
14+ hour, 21+ min ago (430+ words) While small business solutions company Xero has spent years adding AI features to its platform, Diya Jolly, chief product and technology officer, said this is the year the company intends to spread the technology throughout the core of its product....
PCC shares annual report
16+ hour, 32+ min ago (282+ words) The Private Company Council today released its 2025 Annual Report. The report highlights the PCC's accomplishments and activities from the year, describes its agenda priorities, addresses stakeholder engagement and discusses strategy moving forward." The PCC advises the Financial Accounting Standards Board,…...
Rhode Island, Louisiana introduce alternative pathways bills
21+ hour, 3+ min ago (300+ words) Rhode Island and Louisiana are the latest states to introduce legislation to create alternative pathways to CPA licensure. Rhode Island Rep. Stephen Casey introduced a House bill on Feb. 27, which was referred to the House Corporations Committee, as reported by…...
Mystery shoppers find widespread problems at tax preparers
15+ hour, 37+ min ago (318+ words) The preparers visited by the testers routinely failed to ask relevant questions about household composition and income. Even when the preparers asked relevant questions, their understanding or application of the tax laws was incorrect." The Center submitted Freedom of Information…...
IRS navigates tax season amid staffing cuts
1+ day, 20+ min ago (332+ words) The Internal Revenue Service managed to get through the tax filing season last year despite extensive budget and staffing cuts, according to a new government report, but this year will be dealing with tax changes stemming from the tax law…...
AI can now do your taxes, but should it?
21+ hour, 15+ min ago (421+ words) Nobody likes tax season. Individuals and business owners dread the idea of facing a large tax bill, and let's face it, accountants don't really like it either." Although the extra income is nice, of course, tax season is the most…...
Mamdani wants New York estate tax threshold cut 90% to $750K
1+ day, 2+ hour ago (547+ words) New York City Mayor Zohran Mamdani wants to slash New York state's estate tax exemption threshold by almost 90%, from a more than $7 million limit to $750,000, and raise the top estate tax rate from 16% to 50%." The proposal was included among nearly…...
The meeting of CAS and AI
21+ hour, 21+ min ago (888+ words) CAS thought leader Kane Polakoff, the head of the client advisory services practice at Top 100 Firm CohnReznick, discusses how artificial intelligence can be integrated into CAS now " and what that intersection will look like over the long term. Yeah, thanks…...