15+ hour, 57+ min ago   (220+ words) The Internal Revenue Service offered relief from failure-to-pay penalties to nearly 5 million taxpayers during the pandemic, but 3.6 million have since taken steps to pay their tax debts, according to a new report. The IRS identified approximately 4.9 million individuals, businesses, trusts,…...

17+ hour, 13+ min ago   (334+ words) The Treasury Department said it canceled $21 million of contracts with Booz Allen Hamilton, alleging the consulting firm failed to protect taxpayer data to which it had access, including President Donald Trump's tax returns. "Canceling these contracts is an essential step…...

20+ hour, 21+ min ago   (242+ words) The Internal Revenue Service issued a notice Monday extending the deadline for making certain amendments to individual retirement accounts, Simplified Employee Pension arrangements and Savings Incentive Match Plan for Employees IRA plans until Dec. 31, 2027. Notice 2026-09 provides guidance on amendments under…...

1+ day, 2+ hour ago   (208+ words) The expansion of remote work has shifted from a temporary adjustment to a lasting feature of the modern labor market." Professionals who once relied on fixed office locations now perform their duties across multiple jurisdictions, often in states different from…...

1+ day, 2+ hour ago   (416+ words) PwC executives have asked teams to resume pitching for work with Saudi Arabia's wealth fund, according to people familiar with the matter, as the one-year ban on the consulting firm in an important market comes to an end. Managers at…...

1+ day, 2+ hour ago   (489+ words) Jennifer Wilson of ConvergenceCoaching cross-examines the potential impact of private equity on firm culture, on the next generation of accountants, and on the profession as a whole. Thanks for having me, Dan. Glad to be here. Yeah, this is a…...

1+ day, 12+ hour ago   (446+ words) With major tax legislation to digest and the Internal Revenue Service laboring under serious staffing and budget restraints, it might be reasonable to approach tax season with serious concerns " but experts see some reason for cautious optimism. Take the fact…...

3+ day, 17+ hour ago   (212+ words) Whitman Transition Advisors and C-Suite Impact announced on Tuesday a merger to create a consulting firm with a greater suite of services under the name Whitman Advisory. Whitman Advisory offers M&A, succession planning, operational support and talent solutions to…...

3+ day, 17+ hour ago   (243+ words) The Internal Revenue Service and the Treasury Department released a set of questions and answers on the new deduction for overtime pay under the One Big Beautiful Bill Act only a few days before the start of tax season. The…...

3+ day, 17+ hour ago   (162+ words) BDO USA has partnered with the LPGA, while Weaver has signed up a brand ambassador from the PGA; Sorren named a new CEO; a number of firms named new partner classes; and other accounting firm and personnel news. BDO USA…...