US household income rose to record in 2025 as poverty fell
Social Security benefits lifted 28.8 million out of poverty, while refundable tax credits helped 6.1 million.

Biggest foundations barely donate enough to charity
The largest private foundations are just barely exceeding the 5% statutory threshold for charitable donations, according to a new report.

Lawmakers introduce bill to stop fraudulent tax returns
The legislation aims to prevent submission of fraudulent returns before they're e-filed by requiring tax software to verify EFINs are active and authorized.

You're never too large to be a swarm, or too small to be a battleship
Just as drone swarms beat ships through independent action, firms that let teams experiment freely "above the waterline" while keeping standards rigid "below" the waterline win.

Internal audit shifts toward high-risk areas like AI
The efforts of internal auditors are increasingly focusing on digital disruptions, especially from artificial intelligence, as well as geopolitical uncertainty.

More accountants working past retirement age
Nearly one in seven bookkeeping, accounting and auditing clerks in America is age 65 or more, and in some metropolitan areas it's nearly one in four.

Richey May adds two investors
The Top 50 Firm received an investment from Genstar Capital and Aksia, which will be used to fuel the firm's organic growth and M&A strategy.

Trump signs bill extending tax relief to disaster victims
President Trump signed into law a bill extending the federal tax deduction for qualified disaster-related personal casualty losses.

How firms can integrate APIs for business compliance filings
An API solution lets accounting firms provide essential business filing services to clients in all 50 states.

Trump says he will eliminate US tariffs on Irish whiskey
President Donald Trump said he would remove U.S. tariffs on Irish whiskey, announcing the move Sunday while attending a golf tournament at his family's course in western Ireland.