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Latest News & Web Pages
Jamie Dimon says Iran war makes Middle East peace prospects better in the long term
2+ hour ago (186+ words) JPMorgan Chase CEO Jamie Dimon said Tuesday that while the war in Iran poses near-term risks, it may ultimately improve the prospects for lasting peace in the Middle East. "I think the Iran war makes it a better chance in…...
Springline adds Cg Advisory
2+ hour, 39+ min ago (162+ words) Springline Advisory today acquired Cg Advisory, expanding the Top 100 Firm's presence in the Northeast. Cg is an advisory firm based in Tinton Falls, New Jersey, with an additional office in Toms River, offering tax, forensic, valuation and healthcare advisory services....
Which firms planned for AI? Tax season gives us the answer
4+ hour, 16+ min ago (1034+ words) When generative AI first entered the accounting profession, it felt like magic. Drafts appeared in seconds. Research that once took hours surfaced in minutes. For the first time in years, many firm leaders allowed themselves to imagine something radical: What…...
Montclair approves one-time tax hike for schools in close vote
5+ hour, 35+ min ago (629+ words) Residents of Montclair, New Jersey, voted in favor of a one-time tax increase to help their cash-strapped public school system address a nearly $18 million deficit. Montclair Public Schools held a special election on March 10 asking residents to approve two tax…...
Moody's cuts rating on private credit fund run by KKR and Future Standard to junk as bad loans grow
7+ hour, 8+ min ago (265+ words) Moody's Ratings on Monday downgraded a private credit fund run by KKR and Future Standard to junk amid rising bad loans and a string of weak earnings. The ratings firm lowered the debt ratings of FS KKR Capital Corp by…...
Apollo gives investors only 45% of requested withdrawals from $15 billion private credit fund
19+ hour, 49+ min ago (305+ words) Apollo, the asset management giant, told investors in its flagship private credit fund that it will limit withdrawals this quarter to just under half of requests, the latest sign of stress in the asset class. In a filing with the…...
1099-DA rules have a gross problem in 2026
21+ hour, 51+ min ago (858+ words) CPAs and their clients, dealing with the new 1099-DA digital asset rules for the first time this year, have encountered a rather gross problem leading to increased stress and work. Specifically, brokers this year are only reporting gross proceeds from…...
IRS overestimated Direct File costs before ending program
21+ hour, 52+ min ago (296+ words) The Internal Revenue Service vastly overstated the projected costs of operating the Direct File free tax preparation program before terminating it for this tax season, according to a new report. The program also gained in usage as the number of…...
Judge nixes FinCEN residential real estate rule
19+ hour, 29+ min ago (842+ words) A federal judge in Texas has struck down a rule from the Treasury Department's Financial Crimes Enforcement Network that recently went into effect requiring professionals engaged in real estate closings and settlements to report information to FinCEN about non-financed transfers…...
IRS offers flexibility on tax deduction elections
18+ hour, 54+ min ago (327+ words) The Internal Revenue Service issued a revenue procedure offering guidance on how businesses can take advantage of new tax breaks offered by the One Big Beautiful Bill Act and withdraw some previous elections they made under the old rules." Revenue…...