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Latest News & Web Pages
Section 54F Explained: Who Can Claim Capital Gains Tax Exemption On Property? Know How It Works
12+ hour, 26+ min ago (477+ words) Taxpayers who reinvest capital gains from selling assets such as shares into a residential property can claim tax exemption under Section 54F of the Income Tax Act. But, a common question arises when payments for an under-construction home are made in…...
In the blogs: It's a gut punch
21+ hour, 14+ min ago (170+ words) Up in smoke; contingency planning; disaster strikes; and other highlights from our favorite tax bloggers. It's a gut punch Par for the course And then there were eight Auvenir, an accounting and compliance technology provider founded as a Deloitte venture,…...
SEC Clarifies the Application of Federal Securities Laws to Crypto Assets
22+ hour, 53+ min ago (752+ words) The Securities and Exchange Commission (SEC) today issued an interpretation clarifying how the federal securities laws apply to certain crypto assets and transactions involving crypto assets. This is a major step in the Commission's efforts to provide" Official websites use…...
Auvenir separates from Deloitte, now styles itself Streamworks
17+ hour, 38+ min ago (504+ words) Auvenir, an accounting and compliance technology provider founded as a Deloitte venture, has officially launched as an independent company that now styles itself Streamworks Tech. The Big Four firm sold the company to its own management team." "Ultimately, both sides…...
Building a QMS for a small firm
22+ hour, 24+ min ago (883+ words) Even though the Dec. 15, 2025, deadline to implement the AICPA's new quality management standards has passed, many small firms that only perform preparation, compilations or reviews of financial statements still haven't fully complied. Many are overwhelmed by practice aids and toolkits…...
SEC, CFTC clarify treatment of crypto assets under securities laws
21+ hour, 43+ min ago (258+ words) The Securities and Exchange Commission and the Commodity Futures Trading Commission issued an official interpretation Tuesday of how federal securities laws should apply to cryptocurrency assets, taking a more industry-friendly approach than the Biden administration. The interpretation aims to provide…...
Clients hope to get refunds from tariffs
22+ hour, 18+ min ago (328+ words) Companies that already paid tariffs under IEEPA must exhaust administrative remedies before pursuing court action. "If you miss that window, you lose the refund entirely," said Tony Gulotta, principal and national tax practice leader at the global tax services firm…...
Platform adds Florida firm
20+ hour, 31+ min ago (244+ words) Platform Accounting Group acquired Accounting Specialists, entering the Florida market and expanding its presence in the Southeast. Accounting Specialists, based in Boca Raton, Florida, will join Platform as ASG Group. It provide accounting, tax, consulting, forensic accounting, payrolls and financial…...
Generalist AI gets a C+ in accounting
1+ day, 2+ hour ago (416+ words) Artificial intelligence-focused accounting ERP provider DualEntry tested some of the most popular AI models on various accounting workflows and found that, at best, they're 77.3% accurate." "Large language models are powerful drafting tools, but finance doesn't run on drafts; it runs…...
IIA recommends SOX update
1+ day, 3+ hour ago (301+ words) The Institute of Internal Auditors is calling on Congress to "modernize" the Sarbanes-Oxley Act of 2002 by adding provisions related to internal auditing. Also last June, the paper noted, the House Financial Services Subcommittee on Capital Markets held a hearing regarding…...