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Latest News & Web Pages
US, South Africa renew accounting recognition pact
6+ day, 13+ hour ago (414+ words) U. S. and South African accounting organizations have renewed an earlier mutual recognition agreement through mid-2031, allowing accountants to practice in both countries. The deal was signed in late January by officials of the U. S. International Qualifications Appraisal Board (representing the National Association of…...
House advances slimmer IRS budget for 2027
2+ day, 11+ hour ago (313+ words) The House Appropriations Committee approved further budget cuts for the Internal Revenue Service, expanding the use of artificial intelligence and data analytics to handle enforcement along with a restructuring effort that aims for greater efficiencies, while rejecting Democrats' efforts to…...
Cannabis tax relief is here, for some
5+ day, 15+ hour ago (1598+ 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…...
Nuclear reactor company X-energy shares surge 34% as AI drives interest in the industry its IPO
5+ day, 17+ hour ago (417+ 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…...
MP Materials selects Texas for rare earth magnet manufacturing site
2+ mon, 3+ day ago (342+ words) MP Materials has chosen Northlake, Texas, for its new $1. 25 billion rare earth magnet manufacturing campus, the company announced Thursday, amid a rush to shore up domestic supplies of metals critical for everything from data centers and defense to personal electronics....
The aerospace and defense trade is taking investors deeper into space, and more ETFs are up for the mission
5+ day, 23+ hour ago (379+ words) The aerospace and defense trade is taking investors deeper into space and exchange-traded funds want a part of it. Vetta Fi's Cinthia Murphy told CNBC's "ETF Edge" this week that there are now more ETFs tackling the space theme more…...
So Fi CEO defends decision to hold guidance steady
11+ hour, 59+ min ago (230+ words) Shares of So Fi plunged more than 15% Wednesday after the company declined to raise its full-year outlook " a move CEO Anthony Noto said reflects macro reality, not weakening fundamentals. "We did not raise the full-year guidance because when we originally…...
Kreston forms legal group alongside tax group
7+ hour, 58+ min ago (308+ words) In its initial phase, the Global Legal Group will focus on mapping legal expertise across the network, with the aim of identifying specializations, facilitating collaboration between firms to strengthen legal services, and responding to the needs of clients with an…...
AI can boost productivity, but who sustains the customer economy?
18+ hour, 18+ min ago (729+ words) Artificial intelligence is quickly becoming one of the most powerful productivity tools businesses have ever used. It cuts repetitive work, speeds up processes, lowers costs and helps firms do more with fewer people. In accounting and finance, that's already happening…...
Boomer's Blueprint: The agentic workforce means big changes for CPA firms
16+ hour, 9+ min ago (515+ words) Your firm has dashboards. Lots of them. Revenue by partner, utilization rates, realization percentages, client profitability " all neatly formatted and delivered at the end of each month. The question is: How many decisions did those dashboards actually improve? This is…...