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News
On the move: Maillie names next MP
4+ mon, 2+ week ago (124+ words) CohnReznick 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 not…...
13 issues worrying firm leaders
5+ mon, 2+ day ago (222+ words) The accounting profession is changing faster than ever, and firm leaders are scrambling to keep up. When asked to identify the biggest issues they see facing the profession, senior executives from Accounting Today's 2026 Top 100 Firms named a wide range of…...
UK to ease oversight of big audit firms
5+ mon, 2+ week ago (499+ words) The UK's Financial Reporting Council is set to cut the number of inspections it carries out at major audit firms in what it calls a proportionate approach, as the watchdog pivots toward supporting the government's economic growth agenda. The regulator…...
Claiming HRA For Rent Paid To Relatives? New Tax Proposal Mandates Disclosure
6+ mon, 2+ week 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,…...
New 'EMI' Scheme Comes Into Effect On March 1, Know How Manufacturers Will Benefit
6+ mon, 3+ week ago (56+ words) Not Tracking Spending: Without monitoring daily expenses, it’s easy to overspend on small purchases that add up. Late fees, impulsive buys, and unnecessary subscriptions can drain accounts. Tracking spending helps identify patterns, set budgets, and prioritize savings. Simple apps or…...
Budget 2026 Simplifies Provident Fund Rules And Expands TDS Reforms
7+ mon, 1+ week ago (303+ words) Budget 2026 Proposal On Provident Fund And TDS Changes Explained: The Union Budget 2026 has proposed a set of structural reforms aimed at simplifying provident fund taxation, easing employer compliance, and rationalising tax deduction at source (TDS) provisions. One of the key…...
Mandelson appeared to leak UK government tax info to Epstein
7+ mon, 1+ week ago (614+ words) Documents released by the Department of Justice appear to show that Peter Mandelson leaked sensitive U.K. government emails to disgraced financier Jeffrey Epstein while serving as a minister. According to the files, Mandelson forwarded internal Downing Street emails about tax policy…...
Should sentient AI be forced to do our taxes?
8+ mon, 5+ day ago (737+ words) Many of the stranger claims can be safely discarded with little impact as even the most sophisticated AI systems are worlds away from anything even remotely approaching sentience. In fact, a recent study suggests that the hardware AI runs on…...
Standard business mileage rate to go up
8+ mon, 2+ week ago (288+ words) The optional standard mileage rate for business use of automobiles will increase 2.5 cents next year, while the mileage rate for vehicles used for medical purposes will decrease half a cent, the IRS announced. According to IRS Notice 2026-10, beginning Jan. 1, the…...
Guidance coming on recovering dyed fuel excise tax
8+ mon, 2+ week ago (336+ words) The Treasury and the Internal Revenue Service say guidance is forthcoming on a new method for recovering federal excise tax paid on dyed fuel established under the One Big Beautiful Bill Act. Announcement 2026-01 provides general information on claiming a payment…...