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In the blogs: Viruses are back!
4+ hour, 24+ min ago (147+ words) "Pied--terre" tax; warning shot; Section 122 tariffs; and other highlights from our favorite tax bloggers. Hit the road now The median fraud loss per case in the ACFE study was $104, 000, but the average loss per case was $1, 457, 000, while 20% had losses…...
$35 B in tariff refunds cleared for importers so far
7+ hour, 6+ min ago (377+ words) The Trump administration is in the process of issuing more than $35. 5 billion to importers who successfully filed for tariff refunds after the U. S. Supreme Court found the president's signature economic policy unlawful, according to a new court filing. The payments are…...
US sees smaller April budget surplus on lower tax receipts
7+ hour, 6+ min ago (499+ words) The U. S. saw a smaller budget surplus in April " a key month for federal revenues " as individual and corporate tax receipts dropped in the wake of President Donald Trump's signature tax cut legislation. Spending, meantime, went up in April, thanks especially…...
Mamdani scraps property tax hike, counts second-home revenue
7+ hour, 6+ min ago (744+ words) New York City Mayor Zohran Mamdani has ditched his plan to raise New Yorkers' property taxes " an unpopular measure he threatened to use to help close a two-year deficit." The decision to drop the tax hike came as Mamdani unveiled…...
GOP leaders mull gas tax suspension as momentum grows
7+ hour, 6+ min ago (355+ words) Speaker Mike Johnson called suspending the federal gas tax "an intriguing idea" but didn't commit to a timeline as momentum builds in both chambers to take action. "You have to look at any unintended consequences and evaluate all that, so…...
Organizations lose 5% to fraud each year
8+ hour, 36+ min ago (431+ words) Organizations lose an estimated 5% of their revenue to fraud each year, according to a report released Tuesday by the Association of Certified Fraud Examiners. The ACFE's Occupational Fraud 2026: A Report to the Nations analyzes 2, 402 cases of occupational fraud investigated by…...
Sorren acquires Maryland firm
9+ hour, 57+ min ago (345+ words) Top 50 Firm Sorren acquired Owings Mills, Maryland-based Gorfine, Schiller & Gardyn, expanding the firm's Mid-Atlantic presence. Founded in 1934, GSG provides accounting, tax and advisory services, with specializations in real estate, health care, nonprofit and construction industry clients. The deal marks Sorren's…...
Nichols Cauley acquires Molieri Group
9+ hour, 57+ min ago (338+ words) Nichols Cauley, a Top 100 Firm headquartered in Georgia, has acquired the Molieri Group, a Miami-based firm that specializes in tax services such as international tax consulting, estate and trust matters, and complex planning for high-net-worth individuals and their businesses. Financial…...
Citrin Cooperman adds Miami firm
9+ hour, 57+ min ago (313+ words) Citrin Cooperman acquired today Miami-based Sharff, Wittmer, Kurtz, Jackson & Diaz. SWKJD provides tax, accounting and advisory services to privately held businesses, entrepreneurs and high-net-worth individuals. The deal expands the Top 25 Firm's presence in Florida and adds five partners and managing…...
KPMG leads a strong quarter for new SEC clients
10+ hour, 49+ min ago (288+ words) In a relatively strong quarter for new Securities and Exchange Commission audit clients overall, Big Four firm KPMG took the lead, followed closely by Deloitte and CBIZ. KPMG added 17 new clients and netted nine, while Deloitte added 15, but only netted…...