House passes bill protecting taxpayer due process rights
The House approved legislation to make IRS collection proceedings taxpayer friendly, safeguard tax refunds and provide judicial review of tax liability claims.

AICPA backs bill limiting beneficial ownership reporting
The American Institute of CPAs expressed support for legislation limiting the reporting of U.S. businesses' beneficial ownership information to FinCEN.

Trump's IRS settlement includes dropping tax cases, audits
The Internal Revenue Service agreed not to continue any legal claims or investigations of the president's past tax returns, adding to a controversial settlement.

IMA launches AI micro-credential
The Institute of Management Accountants announced the availability of its new AI in Finance Micro-credential as part of a larger rollout of similar credentials for specialized finance and accounting competencies.

With $243B in wealth at risk, here's how to spot heirs' property red flags
The Uniform Partition of Heirs' Property Act helps families avoid forced property sales in at least 24 states, according to a study sponsored by JPMorgan Chase.

Association for Accounting Marketing launches rebrand
The AAM is rebranding itself as the Association for Accounting Growth, reflecting the profession's evolution and association members' expanding responsibilities.

FASB issues environmental credit standard
The accounting standards update aims to improve financial accounting and disclosures about activities related to environmental credits and obligations.

Springline expands into Oklahoma City
The Top 100 Firm acquired GBC Advisory, marking its expansion into the Oklahoma City area.

SEC proposes to simplify reporting, auditing requirements
The Securities and Exchange Commission aims to increase IPOs with changes to accelerated and non-accelerated filers and exemptions from internal control audits.

Experience, the great differentiator
As affordable accounting services become the new standard, the key to thriving will be brand affinity, loyalty and admiration, starting with client experience.