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Latest News & Web Pages
IRS lets taxpayers ask for more time after ERC is disallowed
2+ hour, 22+ min ago (561+ words) The Internal Revenue Service is offering taxpayers a new option to request more time for the IRS and its Independent Office of Appeals to review a taxpayer's response to a disallowance of an Employee Retention Credit claim and avoid protracted…...
Grow your practice without adding new clients
2+ hour, 1+ min ago (1058+ words) Many accounting firms find that a small fraction of their clients drive the bulk of their revenue, while a large portion contributes relatively little beyond an annual tax return. The instinctive response might be to reduce or eliminate these relationships....
Fractional CFO firm gets minority investment
8+ hour, 16+ min ago (232+ words) This investment bolsters the competition for accounting firms that offer similar outsourced CFO services. CFO Selections serves business and nonprofits across Washington, Oregon, Colorado and Texas with a team of more than 250 employees. It provides fractional CFO and controller services,…...
The future of the accounting workforce
9+ hour, 26+ min ago (899+ words) While concerns remain about the profession's pipeline of new accountants, Cathy Moy, chief people officer at BDO USA, sees plenty of ways to keep it full -- and to make sure it meets firms' demands for all kinds of talent. Transcription…...
NYC's Mamdani tries defusing Griffin blowback to second-home tax
4+ hour, 9+ min ago (587+ words) New York City Mayor Zohran Mamdani insisted his push for a new tax on pricey second homes isn't "motivated by any one individual," as reporters pressed him on whether he regretted singling out billionaire Ken Griffin's $238 million Manhattan penthouse in…...
Trump's $10 B IRS suit hits snag with skeptical judge
4+ hour, 9+ min ago (743+ words) A judge questioned whether President Donald Trump's $10 billion lawsuit against the Internal Revenue Service and the U. S. Treasury can proceed with Trump effectively in control of both sides of the litigation." U. S. District Judge Kathleen Williams on Friday ordered the Justice Department,…...
IRS taxpayer panel recommends changes in notices, forms, tools
2+ day, 22+ hour ago (253+ words) The Internal Revenue Service's outside Taxpayer Advocacy Panel issued its annual report Friday calling for improvements and greater clarity in notices, forms, publications and more after a year of drastic downsizing at the IRS. Last year, the various project committees…...
Accounting Today calls for Top Firms by AUM for 2026
2+ day, 23+ hour ago (262+ words) Accounting Today is in the midst of collecting submissions for its 2026 ranking of the Top Firms by AUM. Now in its twentieth year, the Wealth Magnets report from Accounting Today ranks CPA firms involved in financial planning by assets under…...
Tech news: Diligent touts AI Board Member and Agentic GRC Workforce
3+ day, 57+ min ago (137+ words) Diligent touts AI Board Member and Agentic GRC Workforce; Gusto announces 75 new features; Infinite Ties launches new Fan CAS-Kit; and other accounting tech news and updates. Cohn Reznick opens seventh California office and adds international tax partner; Aprio appoints real…...
Bettors on Kalshi now see Warsh likely confirmed by mid-May after DOJ drops Powell probe
3+ day, 6+ hour ago (288+ words) Odds that Kevin Warsh will be confirmed as chairman of the Federal Reserve in less than a month from now surged on prediction markets platform Kalshi after the Department of Justice said Friday it was dropping its inquiry into current…...