Cannabis tax relief is here, for some
The Justice Department's order delivers meaningful tax relief to the medical cannabis industry and signals a serious federal effort to align with state laws.

Hedge fund collapse sparks global hunt for almost $600M
The blue-chip auditing firm of Deloitte is being sued after signing off on the fund's financial statements before its collapse in 2025.

An AI agent takes over a store and orders too many candles
The initial financial results have been mixed. By Luna's own accounting, the store will need to make around $500 a day to break even on monthly expenses.

Schwab imposes new account curbs as tax-aware strategies boom
Charles Schwab is becoming the latest brokerage to rein in a booming but potentially risky part of its business.

Firms need systemic approach to filter vendor hype
Tech-forward CPA firms have found that effective vendor vetting requires a systemic and intentional approach grounded not in wishful thinking but concrete business needs.

IRS to revamp Form 990 to require more info
The Treasury Department said the IRS will be revising the Form 990 to uncover fraud and hidden sources of funding at tax-exempt organizations.

Tax Fraud Blotter: Running backlash
Shell game shellacking; one tequila, two tequila; cryptocurrency con; and other highlights of recent tax cases.

IPSASB proposes tweaks to public sector accounting standards
The International Public Sector Accounting Standards Board proposed a set of narrow changes to align them with recent guidance from the IASB.

Top 5 opportunities for firms
The rapidly changing profession leaves firms with a host of challenges — and opportunities.

US, South Africa renew accounting recognition pact
U.S. and South African accounting organizations extended a mutual recognition agreement through mid-2031, allowing accountants to practice in both countries.