4+ day, 16+ hour ago   (280+ words) Sharon Osbourne filed to remove Colin Newman, her late husband Ozzy Osbourne's long-term accountant, as an executor of the rock star's estimated $100 million estate, according to a report by the Sun. The outlet reported that Sharon Osbourne filed documents on…...

1+ week, 4+ day ago   (1104+ words) In our first article, we explored how AI-generated false information, also known as hallucinations, have increasingly been making their way into firm work products. Here we explore how some firms control specifically for this risk. Accountants tend to view hallucination…...

2+ mon, 1+ week ago   (936+ words) Guidance from the IRS on AI captures only part of the picture. The obligations it describes are real and enduring. What it does not fully address is how the frameworks for meeting them were built for a different generation. The…...

3+ mon, 1+ week ago   (574+ words) Despite breathless pronouncements otherwise, artificial intelligence is not, in fact, the universal tool that can and should be applied to every single thing so that it can take care of everything without you having to think about anything, at least…...

3+ mon, 3+ week ago   (371+ words) States and the federal government may be battling over who has the power to regulate prediction markets, but the companies building them are chugging along as the platforms continue to experience huge growth. The Commodity Futures Trading Commission and six…...

4+ mon, 1+ day ago   (147+ words) "Pied-à-terre" tax; warning shot; Section 122 tariffs; and other highlights from our favorite tax bloggers. Hit the road now The median fraud loss per case in the ACFE study was $104,000, but the average loss per case was $1,457,000, while 20% had losses of…...

4+ mon, 1+ week ago   (126+ words) The law, effective Oct. 1, 2026, will create a third pathway that allows candidates to earn their CPA license with a bachelor's degree, two years of experience and passing the CPA exam. The deal strengthens Sikich's presence in health care, life sciences,…...

4+ mon, 2+ week 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…...

4+ mon, 2+ week ago   (1058+ words) Many accounting firms find that a small fraction of their clients drive the bulk of their revenue, while a large portion contributes relatively little beyond an annual tax return. The instinctive response might be to reduce or eliminate these relationships....

4+ mon, 2+ week ago   (587+ words) New York City Mayor Zohran Mamdani insisted his push for a new tax on pricey second homes isn't "motivated by any one individual," as reporters pressed him on whether he regretted singling out billionaire Ken Griffin's $238 million Manhattan penthouse in…...