In the blogs: A Tale Of Two Cities
Tax amnesty programs; protecting your practice; unidentified tax payments; and other highlights from our favorite tax bloggers.

Intuit CEO to accountants: 'You are the customer, not a channel'
Intuit CEO Sasan Goodarzi declared today that, going forward, accountants are the customer not the channel and consequently they will be serving them as the customer.

PCAOB requests comments on standard setting
The Public Company Accounting Oversight Board is requesting input on future focus areas for standard setting.

Whitman launches firm valuation tool
Whitman Advisory introduced valueMyCPAFirm.com, an AI-powered tool that provides insights on a firm's market value.

Hourly billing very rare in tax prep
Firms that rely on the old-fashioned billable hour are in the minority compared to fixed fee, value pricing and other models.

SCOTUS sides with county on tax sale of foreclosed home
The Supreme Court ruled in favor of a Michigan county that auctioned off a family's foreclosed home for $76,008 when the family owed less than $2,242 in taxes.

Use of AI receipts in expense fraud soars
AI has become the No. 1 way to fake receipts for expense fraud. Before then, people generally relied on specialized templates from sketchy websites.

Eide Bailly gets PE investment
The Top 20 Firm will receive a significant investment from private equity firm Reverence Capital in a deal expected to close in the third quarter of this year.

FinCEN reduced access to beneficial ownership information
The Treasury's Financial Crimes Enforcement Network limited access by federal agencies to the information reported by companies amid lawsuits and rule changes.

From AI excitement to AI value
Firms everywhere are searching for ways to seize first-mover advantages, or at least prevent competitors' AI use from becoming disruptive.