Firms, accountants divided on AI but perhaps not for long Recent data indicates that the profession is starting to diverge in how it relates to and uses AI, with heavy users on one end and light users on the other, but it may not stay this way for long.
Trump seeks immediate halt to judge's penalties in IRS case Trump asked an appeals court to pause a judge's order imposing sanctions on him and his lawyers for how they handled his $10 billion lawsuit against the IRS.
Richest to profit in Trump's capital gain tax ideas for midterms The White House is considering throwing its weight behind a push to increase a capital gains tax exemption for primary home sales.
Senate passes disaster tax relief bill The Senate passed a federal disaster tax relief bill, the Doug LaMalfa Federal Disaster Tax Relief Certainty Act, by unanimous consent after a hold was lifted.
Xero announces native payroll solution Xero Payroll completes the trifecta of accounting, payments and payroll that is key to the company's 3x3 strategy.
Fieldguide debuts Field Financials and Fieldguide MCP Fieldguide added new financial audit capacities to handle drafting, reviews and disclosures plus a way to connect with other AI models directly.
LCvista acquires CPA QualityPro CPE compliance solutions provider LCvista bought CPA license management solutions provider CPA QualityPro, combining CPE, learning, licensure and mobility.
IRS provides guidance on retirement plan rollovers The Internal Revenue Service and the Treasury Department offered guidance on rollovers between retirement plans and individual retirement accounts.
What happens when an overseas client isn't paid? An overdue foreign invoice starts two clocks: one for financial reporting and one for recovery. Accountants can keep both moving.
SEC weighs direct funding of Consolidated Audit Trail The Securities and Exchange Commission is considering taking direct control of a controversial database that tracks trades across equities and options markets.
