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Latest News & Web Pages
Tax Fraud Blotter: Got to know when to hold 'em
12+ hour, 53+ min ago (1239+ words) Washington, DC: A prominent Supreme Court litigator who also published a popular blog about the nation's highest court was convicted of tax evasion and related charges stemming from his secretive lifestyle as an ultra-high-stakes poker player. A federal jury found SCOTUS…...
Boomer's Blueprint: Mind the gap: Change, talent, and the CPA future
1+ day, 1+ hour ago (718+ words) The accounting profession is entering a period of transformation unlike anything experienced in the last half-century. Client expectations, technology, demographics and business models are shifting simultaneously. Incremental improvement is no longer sufficient. The gap between firms that transform and those…...
In the blogs: Order in the court
2+ day, 16+ hour ago (142+ words) Cryptocurrency disposals; cosmetic compliance; paper or plastic; and other highlights from our favorite tax bloggers. Order in the court If you build it " Love is in the air Forvis Mazars reported its combined revenue globally for fiscal years 2024-25 reached $5.7 billion,…...
Forvis Mazars global revenue grows 11% to $5.7B
2+ day, 19+ hour ago (183+ words) Forvis Mazars reported Tuesday that its combined revenue globally for fiscal years 2024-2025 reached $5.7 billion as of Aug. 31, 2025, or about 11% year-over-year growth. Audit and assurance services contributed 45% of global revenue, followed by tax at 23%, advisory (consulting, financial advisory and sustainability) at…...
NABA and TSCPA partner on accounting pipeline
2+ day, 22+ hour ago (213+ words) The National Association of Black Accountants and the Tennessee Society of CPAs are partnering to address the talent shortage." The TSCPA is the first state CPA society to offer joint student membership with NABA." "TSCPA is committed to connecting and…...
COSO releases guidance on internal controls for AI
2+ day, 22+ hour ago (173+ words) The Committee of Sponsoring Organizations of the Treadway Commission has released guidance outlining ways that organizations can achieve and maintain effective internal controls over generative AI." The COSO guidance is based on five foundational principles, each with its own prescription:…...
Democrats aim to refund tariffs to US households
3+ day, 1+ hour ago (732+ words) Prominent Democrats are seizing on Donald Trump's Supreme Court tariff loss to wage a populist election-year campaign to refund the overturned import duties to the U.S. public. "I'm calling for a $1,336 refund for every Ohio household," progressive Democrat Sherrod Brown said…...
Rs 17 Lakh Rent, Zero Tax: How Mumbai Flat Owner Avoided Tax?
3+ day, 11+ hour ago (68+ words) Income Tax Under New Tax Regime- Taxable Income: Rs 11, 90,000 (After a 30% standard deduction on rental income of Rs 17 lakh)- Basic exemption limit- Income Tax: Rs 59,000 (on income from Rs 4,00,001 to Rs 11,9000- Rebate u/s 87A: Rs 59,000 (makes income of Rs 11.9 lakh…...
Claiming HRA For Rent Paid To Relatives? New Tax Proposal Mandates Disclosure
3+ day, 12+ hour ago (316+ words) Salaried taxpayers claiming House Rent Allowance (HRA) for rent paid to close family members may soon need to disclose their relationship with the landlord under proposed new income-tax rules. Mandatory Disclosure Under Draft Rules Under the Draft Income Tax Rules,…...
Slow quarter for SEC audit clients closes rollercoaster year
3+ day, 20+ hour ago (230+ words) In a relatively slow quarter for bringing on new Securities and Exchange Commission audit clients, Top 10 Firm BDO USA nonetheless turned in a strong performance, with 10 net and new clients in the fourth quarter of 2025. Overall, auditors onboarded only 128 new…...