FASB's Private Company Council aims to raise profile
PCC chair Jere Shawver is on a mission to increase awareness of the group that represents the perspectives of privately held companies on accounting standards.

Democrats introduce bill to eliminate or reduce income taxes
The legislation would eliminate income taxes for Americans who earn less than $46,000 and reduce income taxes for those making between $46,000 and $80,500.

Canada posts first audit firm inspection reports
The Canadian Public Accountability Board published individual auditing firm inspection reports for the first time, marking a significant milestone.

Tax Fraud Blotter: And then there were three
Millionaire's lifestyle; Cocoplum loco; bourbon beef; and other highlights of recent tax cases.

Inside California's fight over the billionaire tax
California's proposed wealth tax has become one of the most closely watched fiscal policy experiments in American history.

Millionaire tax advances in Washington state as legal duel looms
Washington state is set to approve a new tax on millionaires, a measure that would shift how the state raises money and set off a likely court fight.

IRS updates withholding tax calculator for new tax breaks
The new IRS Tax Withholding Estimator accounts for changes to tax credits and deductions introduced by the One Big Beautiful Bill Act.

Doeren Mayhew adds Berman Hopkins
The Top 50 Firm acquired Berman Hopkins CPAs & Associates, growing its presence in central Florida and continuing its expansion in the Southeeast.

Would you take a probabilistic audit opinion?
The profession needs to engage seriously with whether the binary audit opinion remains the right product for the public interest it is meant to serve.

IRS revises process for 501(c)(4)s ahead of midterms
The IRS changed the submission process for groups that intend to operate as 501(c)(4) tax-exempt organizations, requiring them to submit forms through Pay.gov.