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Accounting Today
accountingtoday.com > news > committee-advances-tax-and-irs-legislation

Committee advances tax and IRS legislation

4+ hour, 4+ min ago  (188+ words) The tax-writing House Ways and Means Committee unanimously approved five bipartisan tax-related bills last week aimed at helping natural disaster victims, sexual assault survivors, pre-school teachers, taxpayers in general and tax fraud whistleblowers. For tax years 2023 and 2024, 45,386 returns claimed about…...

Accounting Today
accountingtoday.com > articles > kpmg-faces-allegations-of-blown-audit-in-private-credit-collapse

KPMG faces allegations of blown audit in private credit collapse

9+ hour, 47+ min ago  (453+ words) Canada's top securities regulator alleged that KPMG LLP, the auditor for four funds managed by collapsed private lender Bridging Finance Inc., failed to properly value the loans held within the funds, harming investors. The Ontario Securities Commission claimed in a…...

Accounting Today
accountingtoday.com > news > ifac-changes-membership-obligations

IFAC changes membership obligations

7+ hour, 42+ min ago  (155+ words) The IFAC board approved the revisions to Statements of Membership Obligations in February. IFAC has posted a table summarizing the revisions along with a frequently asked questions document to help its members understand the changes. IFAC also plans to host…...

Accounting Today
accountingtoday.com > news > ineligible-itin-holders-claim-millions-in-tax-credits

Ineligible ITIN holders claim millions in tax credits

8+ hour, 58+ min ago  (569+ words) People with Individual Taxpayer Identification Numbers are claiming millions of dollars in tax credits for which they're not eligible, according to a new report. The report, released by the Treasury Inspector General for Tax Administration, found that for tax years…...

Accounting Today
accountingtoday.com > articles > ey-tells-us-tax-staff-to-work-from-office-three-days-a-week

EY tells US tax staff to work from office three days a week

5+ hour, 53+ min ago  (343+ words) EY has told U.S. tax staff they need to be in the office an average of three days a week, in a tightening of the firm's hybrid working policy." Staff in the accounting and consulting firm's U.S. tax business will be required…...

Accounting Today
accountingtoday.com > news > private-sector-added-62k-jobs-in-march

Private sector added 62K jobs in March

5+ hour, 53+ min ago  (396+ words) Private sector employers added 62,000 jobs in March, payroll giant ADP reported Wednesday, as annual pay grew 4.5% year over year." The smallest business drove most of the job growth for the second month in a row, while hiring in trade, transportation…...

Accounting Today
accountingtoday.com > opinion > new-app-allows-local-firms-to-swipe-right-on-potential-buyers

New app allows local firms to swipe right on potential buyers

11+ hour, 59+ min ago  (450+ words) With all the M&A activity in public accounting today, buyers and sellers alike will benefit from Cringe, a new agentic AI matchmaking app that surveys potential buyers and sellers on your behalf and constructs responses as if they're from…...

Journal of Accountancy
journalofaccountancy.com > issues > 2026 > apr > how-to-protect-nonprofits-from-hidden-fraud-risks

How to protect nonprofits from hidden fraud risks

13+ hour, 58+ min ago  (776+ words) Another egregious case that did not receive the same level of media attention resulted in losses exceeding $100 million over 15 years. It involved the Center for Special Needs Trust Administration (CSNT), a Florida NFP that managed funds for individuals with disabilities…...

The Tax Adviser
thetaxadviser.com > issues > 2026 > mar > considerations-for-intergenerational-split-dollar-arrangements

Considerations for intergenerational split-dollar arrangements

1+ day, 1+ hour ago  (1014+ words) Families with significant estate tax exposure may consider intergenerational split-dollar (IGSD) arrangements, where the senior generation loans funds to a trust to purchase life insurance on children for the benefit of grandchildren. An IGSD arrangement is a variation on a…...

Journal of Accountancy
journalofaccountancy.com > issues > 2026 > apr

April 2026

13+ hour, 58+ min ago  (148+ words) Learn how CPAs can help protect the elderly against the growing threat of artificial intelligence-powered scams using deepfakes and voice cloning. Learn how investors can manage concentrated stock risk with minimal tax impact " and why CPAs should know the options....