2+ hour, 11+ min ago  (350+ words) Saba Capital Management said that the tender offers for shares in non-traded business development companies managed by Blue Owl Capital and Starwood Capital came in "below initial expectations."" In early March, the hedge fund Saba"offered liquidity to locked-up investors…...

5+ hour, 1+ min ago  (561+ words) The Internal Revenue Service is offering taxpayers a new option to request more time for the IRS and its Independent Office of Appeals to review a taxpayer's response to a disallowance of an Employee Retention Credit claim and avoid protracted…...

1+ hour, 1+ min ago  (666+ 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…...

4+ hour, 40+ min 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....

10+ hour, 54+ min ago  (232+ words) This investment bolsters the competition for accounting firms that offer similar outsourced CFO services. CFO Selections serves business and nonprofits across Washington, Oregon, Colorado and Texas with a team of more than 250 employees. It provides fractional CFO and controller services,…...

12+ hour, 5+ min ago  (899+ words) While concerns remain about the profession's pipeline of new accountants, Cathy Moy, chief people officer at BDO USA, sees plenty of ways to keep it full -- and to make sure it meets firms' demands for all kinds of talent. Transcription…...

6+ hour, 48+ min 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…...

6+ hour, 48+ min ago  (743+ words) A judge questioned whether President Donald Trump's $10 billion lawsuit against the Internal Revenue Service and the U. S. Treasury can proceed with Trump effectively in control of both sides of the litigation." U. S. District Judge Kathleen Williams on Friday ordered the Justice Department,…...

3+ day, 1+ hour ago  (253+ words) The Internal Revenue Service's outside Taxpayer Advocacy Panel issued its annual report Friday calling for improvements and greater clarity in notices, forms, publications and more after a year of drastic downsizing at the IRS. Last year, the various project committees…...

3+ day, 2+ hour ago  (262+ words) Accounting Today is in the midst of collecting submissions for its 2026 ranking of the Top Firms by AUM. Now in its twentieth year, the Wealth Magnets report from Accounting Today ranks CPA firms involved in financial planning by assets under…...