Democrats unveil bill to resurrect Direct File
Senate and House Democrats introduced legislation to bring back the Direct File free tax preparation program that was ended by the Trump administration.

IFAC: Over 1,000 firms have taken PE money
The International Federation of Accountants released data on the growth of private equity in the global accounting profession.

Grant Thornton's Peko: Reject incrementalism, embrace change
Jim Peko, the CEO of Grant Thornton Advisors, says it was only by abandoning a vision of incremental change that the firm was able to achieve its current rapid growth.

IRS ends union contract
The IRS terminated its collective bargaining agreement with the National Treasury Employees Union, which represents most IRS and Treasury Department employees.

Pro-alts dark-money group takes jabs at fiduciary watchdog in report to IRS
The Pinpoint Policy Institute's public campaign against the Institute for the Fiduciary Standard reflects a mysterious phase of the ongoing debate on private investments in 401(k) plans.

Armanino expands in Southeast
The Top 25 Firm acquired MSTiller, expanding its presence in the Southeast.

IRS posts form for claiming new tax deductions
The new Schedule 1-A and updated instructions enable taxpayers to claim the new tax breaks for tips, overtime, car loans and senior citizens for tax year 2025.

Basis announces $100M in new funding
Accounting solutions provider Basis announced that it has raised $100 million in Series B funding at a $1.15 billion valuation.

Forvis Mazars expands health care consulting
The Top 10 Firm acquired The Innova Group, expanding its health care consulting platform, effective March 1.

AI is changing infrastructure economics and accounting models
As companies shift critical AI workloads toward owned or more controlled infrastructure, several accounting dynamics may change.