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Latest News & Web Pages
IRS taxpayer panel recommends changes in notices, forms, tools
11+ hour, 3+ min 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
12+ 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
13+ hour, 2+ 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
18+ hour, 20+ min 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…...
Bessent defends U. S. dollar swap lines as Iran war harms global finances
17+ hour, 46+ min ago (553+ words) Treasury Secretary Scott Bessent on Friday defended the possibility of the U. S. participating in currency swaps with allies in the Persian Gulf and Asia who are seeking financial backstops due to the Iran war. Discussions with those countries about U. S. dollar swap…...
Nuclear reactor company X-energy shares surge 34% as AI drives interest in the industry its IPO
17+ hour, 50+ min ago (408+ words) Advanced nuclear reactor company X-energy began trading Friday as the AI boom and electrification broadly spark a flurry of interest in the nuclear industry. The stock opened at $30. 11, after upsizing its initial offering, pricing at $23 per share " ahead of the…...
On the move: Maillie names next MP
17+ hour, 53+ min ago (124+ words) Cohn Reznick opens seventh California office and adds international tax partner; Aprio appoints real estate industry leader; and more news from across the profession." Tech-forward CPA firms have found that effective vendor vetting requires a systemic and intentional approach grounded…...
Hedge fund collapse sparks global hunt for almost $600 M
14+ hour ago (875+ words) David Choi's hedge fund seemed too good to pass up, with Mars FX US LP posting annual gains that averaged 19% and zero monthly losses. In the end, it was too good to be true. Federal prosecutors, the FBI, U. S. regulators and…...
An AI agent takes over a store and orders too many candles
21+ hour, 10+ min ago (418+ words) In San Francisco's upscale Cow Hollow district, the introduction of a boutique selling coffee table games, tote bags and other household items would be pretty unremarkable. However, Andon Market has one key differentiator: It's run by AI. Like many bosses,…...
Cannabis tax relief is here, for some
14+ hour ago (1306+ words) In January, I wrote that 2026 could be a turning point for the cannabis industry. On Thursday, the Department of Justice made it one, but only in part. On April 23, Acting Attorney General Todd Blanche signed an order placing two categories…...