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Latest News & Web Pages
ITR Filing Begins: Excel Utilities Released For ITR-1 And ITR-4; Know Who Can File Return
9+ hour, 48+ min ago (313+ words) ITR Filing 2026: The income tax department has released Excel-based ITR utilities for the financial year 2025-26 (assessment year 2026-27). The excel utilities for ITR-1 and ITR-4 are now available on the income tax portal, allowing eligible taxpayers to begin filing their income…...
Six strategies for AI
12+ hour, 53+ min ago (282+ words) Artificial intelligence is forcing the accounting profession to evolve faster than ever before, and firm leaders aren't backing down from the challenge. When asked to describe their firms' strategies on AI, senior executives from Accounting Today's 2026 Top 100 Firms and Regional…...
Tax Fraud Blotter: Full of scrap
12+ hour, 53+ min ago (1375+ words) Grand Rapids, Michigan: James Phillip Scholten, 51, of Byron Center, Michigan, was sentenced to 20 months in federal prison for tax evasion. Additionally, Scholten was ordered to pay restitution to the IRS in the amount of $868, 707 and serve three years of supervised…...
Some short sellers are seeing opportunity in this tech mania. How they're spotting fake AI stocks
20+ hour, 19+ min ago (767+ words) Short sellers are increasingly hunting for cracks beneath the stock market's artificial-intelligence frenzy, betting that some of the speculative excesses, copycat "AI" branding and vulnerable legacy business models could eventually unravel. As billions of dollars flood into data centers, semiconductors…...
Long-stalled crypto market bill wins key Senate committee vote
16+ hour, 45+ min ago (306+ words) The Senate Banking Committee advanced a landmark digital asset market structure bill Thursday after months of negotiations, signaling fresh momentum for the long-stalled measure. The bipartisan committee vote will likely be cheered by the crypto industry, which has long sought…...
IRS creates significant issue ruling program
1+ day, 13+ hour ago (178+ words) The IRS cautioned that the "significant issue" needs to be a "germane and specific issue of law," and wouldn't merely be a "comfort ruling" to reassure corporate taxpayers or "the conclusion in such a ruling otherwise would not be essentially…...
A great employee to work for
1+ day, 14+ hour ago (214+ words) I've been thinking of all this because of some sad news: Our longtime managing editor, Danielle Lee, has left Accounting Today to become editor-in-chief of a sister publication, Employee Benefit News; she switched roles just last week (though she'll still…...
IRS outlines terms of settlement in easement disputes
1+ day, 16+ hour ago (604+ words) The Internal Revenue Service provided more details Wednesday about the settlements it's offering for a limited time to taxpayers involved in syndicated conservation easement and historic preservation claims disputed by the IRS as tax shelters. The tax law allows an…...
Why didn't offshoring work out the first time?
1+ day, 19+ hour ago (527+ words) Dun & Bradstreet's widely cited Barometer of Global Outsourcing report found that 20% to 25% of all outsourcing relationships fail within two years, and 50% fail within five years." When an offshoring relationship goes south for an accounting firm, it's natural to blame the…...
Poland stands by digital services tax, rebuffing US threats
1+ day, 19+ hour ago (463+ words) Poland will continue working on legislation to tax digital platforms, Finance Minister Andrzej Domanski said, despite threats of retaliation from the U. S. administration of Donald Trump. The legislation, which seeks to introduce a levy of up to 3% on digital platforms, has…...