Wall Street's record profits boost NYC tax revenues
A windfall in corporate profits for the largest banks has led to billions in extra tax revenue for New York City, shrinking the city's budget shortfalls.

Shakira tax win set to face Supreme Court appeal in Spain
Shakira's fight with Spain's tax agency is set to head to the country's highest court after authorities challenged an earlier ruling in the singer's case.

Trump tax leaker Littlejohn loses appeal of prison sentence
The former IRS contractor pleaded guilty to stealing Trump's tax data and leaking it to the New York Times before the 2020 election.

Basis offers AI agents, love letters and an ode to accounting
Basis, an AI agent platform for accountants that reached a $1.15 billion valuation, debuted a website that provides a tribute to the accounting profession.

DC advances CPA licensure pathways bill
The Council of the District of Columbia unanimously advanced Bill 26-494, which now awaits the review of the D.C. mayor and Congress.

Tech News: Blue J offers accounting professors free access
Blue J offers accounting professors free access; Canopy touts full tax automation with no handoffs; 4impactdata's 4ID Foresight surfaces risks and opportunities for firms; and other accounting tech news and updates.

On the move: Wipfli names a CFO
Plus, Sorren launches a human capital advisory services practice; Warren Averett named three local partners in charge of growth; and other firm and personnel news.

AI will expose which accounting firms are built to scale
AI essentially shines a light on the structural disparities that have long existed within accounting firms.

Tax Fraud Blotter: Win some, lose some
Back-to-school haircuts; two revenue books; voluntary surrender; and other highlights of recent tax cases.

FASB chair plans for new standards, semiannual reporting
Financial Accounting Standards Board chair Richard Jones is preparing for new agenda projects as well as the likelihood of a semiannual reporting option.