Foundation assets keep growing amid tax threats The number of private tax-advantaged foundations and the amount of assets contained in them has reached nearly $2 trillion, even as the administration considers imposing new taxes.
Crowe gets investment from KKR The Top 20 Firm will receive an investment from private equity giant KKR, making it among the largest accounting firms to take PE money.
States introduce AI tax changes Some state lawmakers are introducing tax legislation targeting the growing use of artificial intelligence, according to a new report.
Vermont signs licensure changes into law Vermont signed a bill into law that creates an additional pathway to CPA licensure — one of the few states left to pass changes to licensure requirements.
US refunds $22 billion tariffs, offsetting customs revenue Individual tax withholdings plus Social Security and Medicare taxes collected increased to $286 billion in May from $247 billion last year, while corporate tax receipts were down 67%.
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