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Latest News & Web Pages
Two relationships that will define the next decade of client value
1+ week, 1+ hour ago (712+ words) Your best clients will work with more than a dozen financial professionals over the next 20 years. Bankers. Insurance agents. Attorneys. Lenders. Payroll providers. 401(k) recordkeepers. Valuation firms brought in for a single transaction. Two of them will still be there at…...
The IRS CAF processing crisis
3+ hour, 13+ min ago (951+ words) For tax professionals, access to timely and accurate IRS data is not a convenience " it is essential to effective representation, taxpayer rights and voluntary compliance. At the center of that access sits the Internal Revenue Service's Centralized Authorization File, the…...
How "zombie" tech and utility waste are bleeding balance sheets
4+ hour, 13+ min ago (600+ words) CPA firms have the same perennial and unyielding mandate as any other business: maximize efficiency, mitigate risk and fund innovation. We live in an era of digital transformation where agility is the currency of success. Yet, as firm leaders scour…...
IRS updates guidance on educational assistance programs
1+ week, 2+ day ago (315+ words) The Internal Revenue Service posted an updated fact sheet on the tax rules surrounding educational assistance benefits after the passage last July of the One Big Beautiful Bill Act. Under the OBBBA, the amount that may be excluded from gross…...
US opens portal for tariff refund claims
1+ week, 2+ day ago (361+ words) The Trump administration has opened an online portal where businesses can file their claims for refunds on the tariffs they paid under the emergency powers that the Supreme Court has since ruled unconstitutional. Importers of record and customs brokers can…...
US, South Africa renew accounting recognition pact
6+ day, 19+ hour ago (414+ words) U. S. and South African accounting organizations have renewed an earlier mutual recognition agreement through mid-2031, allowing accountants to practice in both countries. The deal was signed in late January by officials of the U. S. International Qualifications Appraisal Board (representing the National Association of…...
House advances slimmer IRS budget for 2027
2+ day, 18+ hour ago (313+ 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…...
Cannabis tax relief is here, for some
5+ day, 21+ hour ago (1598+ words) In January, I wrote that 2026 could be a turning point for the cannabis industry. On Thursday, the Department of Justice made it one, but only in part. On April 23, Acting Attorney General Todd Blanche signed an order placing two categories…...
Nuclear reactor company X-energy shares surge 34% as AI drives interest in the industry its IPO
6+ day, 23+ min ago (417+ words) Advanced nuclear reactor company X-energy began trading Friday as the AI boom and electrification broadly spark a flurry of interest in the nuclear industry. The stock opened at $30. 11, after upsizing its initial offering, pricing at $23 per share " ahead of the…...
MP Materials selects Texas for rare earth magnet manufacturing site
2+ mon, 4+ day ago (342+ words) MP Materials has chosen Northlake, Texas, for its new $1. 25 billion rare earth magnet manufacturing campus, the company announced Thursday, amid a rush to shore up domestic supplies of metals critical for everything from data centers and defense to personal electronics....