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News
Bill goes remote-first
1+ week, 2+ day ago (300+ words) "The remote population proved the model works: hiring stayed strong, performance stayed strong, culture stayed strong, for half the company, for years. So instead of continuing to manage the divide, we realized the better path was to build one team…...
Senate committee drafts wide-ranging tax administration bill
1+ mon, 2+ week ago (506+ words) The Senate Finance Committee released a so-called "Chairman's Mark" of the Taxpayer Assistance and Service Act ahead of a markup hearing Thursday of a sprawling bipartisan bill that would add new requirements for the Internal Revenue Service as well as…...
Why didn't offshoring work out the first time?
3+ mon, 4+ week ago (527+ words) Dun & Bradstreet's widely cited Barometer of Global Outsourcing report found that 20% to 25% of all outsourcing relationships fail within two years, and 50% fail within five years. When an offshoring relationship goes south for an accounting firm, it's natural to blame the…...
SpaceX financials flagged as concern to SEC by advocacy group
4+ mon, 6+ day ago (446+ words) SOC Investment Group, an advisor to union-affiliated pension funds, is urging U.S. regulators to probe SpaceX's financials ahead of a Wall Street debut that could value the company at more than $2 trillion, citing concerns over its relationships with Elon Musk's other…...
IRS navigates tax season amid staffing cuts
5+ mon, 4+ week ago (328+ words) The Internal Revenue Service managed to get through the tax filing season last year despite extensive budget and staffing cuts, according to a new government report, but this year will be dealing with tax changes stemming from the tax law…...
Lawmakers propose tax and IRS bills as filing season ends
4+ mon, 3+ week ago (782+ words) Senators introduced several pieces of tax-related legislation this week, including measures aimed at improving customer service at the Internal Revenue Service, cracking down on tax evasion and curbing the carried interest tax break, in addition to efforts in the House…...
IRS CEO touts successful tax season despite cutbacks
4+ mon, 3+ week ago (541+ words) Internal Revenue Service CEO Frank Bisignano called this tax season "the most successful filing season in IRS history." Bisignano testified on Tax Day during a Senate Finance Committee hearing about the filing season that is coming to a close and…...
Regulators are reportedly zeroing in on suspicious trades ahead of market-moving Trump post
4+ mon, 3+ week ago (307+ words) U.S. derivatives regulators are examining a handful of unusual oil futures trades that took place minutes before a surprise announcement by President Donald Trump signaling a pause in attacks on Iran, according to Bloomberg News. The investigation is being spearheaded by…...
Wyden introduces bills to close tax shelters
4+ mon, 4+ week ago (429+ words) Senate Finance Committee ranking member Ron Wyden, D-Oregon, introduced two pieces of legislation this week aimed at cracking down on the use of grantor retained annuity trusts and private placement life insurance contracts to avoid or minimize taxes. The GRATs…...
Accounting MOVE survey opens
4+ mon, 4+ week ago (281+ words) The 2026 Accounting MOVE Project survey is open for participation now through July 31. The theme of this year's survey is "Caught in the Middle," exploring how caregiving responsibilities, as well as other responsibilities outside work, affect accounting professionals navigating their careers....