Steven Maijoor to chair IFRS Foundation and Sam Woods to lead IASB The International Financial Reporting Foundation named Steven Maijoor as the next chair of the IFRS Foundation Trustees, effective Jan. 1, 2027, and Sam Woods as chair of the International Accounting Standards Board, effective Oct. 1, 2026.
UHY strengthens CAS practice UHY acquired Michigan CFO Associates in Clinton Township, Michigan, expanding the Top 50 Firm's advisory capabilities.
Keep, rent, gift or sell? Second-home tax creates ripple effects in planning New York City's new pied-à-terre tax is prompting financial advisors to help wealthy clients reassess their options, from residency status to estate plans.
FASAB seeks new executive director The Federal Accounting Standards Advisory Board is looking for a new leader to succeed its current executive director, Monica Valentine, who plans to retire at the end of this year after over 35 years at FASAB.
IRS to promote Saver's Match under TrumpIRA program The IRS and the Treasury want taxpayers to take advantage of the federal Saver's Match program for retirement accounts as part of the new TrumpIRA.gov website.
PCAOB swears in new board member The Public Accounting Oversight Board today swore in Kyle Hauptman as a board member at a ceremony at the Securities and Exchange Commission.
IRS Compliance Assurance Process benefits questioned With extensive staffing cuts at the IRS since last year, fresh questions are arising over the usefulness of the CAP program for corporate taxpayers.
Sax expands advisory bench Sax acquired SFS Financial in Kinnelon, New Jersey, strengthening the Top 75 Firm's advisory capabilities.
IRS took twice as long to process paper returns The IRS needed a month to process paper tax returns this filing season, double the amount last year, due to staffing shortages and unavailable systems.
Don't overlook Argentina when considering offshoring destinations Argentina is quickly becoming a promising offshoring destination, not just for the accounting profession, but for technology and other back-office services.
