Committee advances tax and IRS legislation
The tax-writing House Ways and Means Committee unanimously approved five bipartisan tax-related bills last week aimed at helping natural disaster victims, sexual assault survivors, pre-school teachers, taxpayers in general, and tax fraud whistleblowers.

IFAC changes membership obligations
The International Federation of Accountants wants accounting organizations to align with its quality management standards and offer more pathways to the profession.

Ineligible ITIN holders claim millions in credits
For tax years 2023 and 2024, 45,386 returns claimed about $172 million in tax credits that ITIN holders were not eligible to receive.

KPMG faces allegations of blown audit in private credit collapse
Canada's top securities regulator alleged that KPMG failed to properly value the loans held within funds, harming investors.

EY tightens hybrid work policy for tax staff
Staff in the Big Four firm's U.S. tax business will be required to work on the premises or at a client site 12 days a month from July 1.

Private sector added 62K jobs in March
Private sector employers added 62,000 jobs in March, payroll giant ADP reported, as annual pay grew 4.5% year over year.

New app lets local firms swipe right on potential buyers
With all the M&A activity in public accounting today, buyers and sellers alike will benefit from Cringe, a new agentic AI matchmaking app,

Boomer's Blueprint: Building a purpose that attracts talent and clients
Let me guess what's on your firm's website right now:

4M Trump accounts created so far
Over a million tax-favored accounts are eligible for a $1,000 contribution by the government.

Kenji Kuramoto, founder of Acuity, joins Basis
Basis announced the appointment of Kenji Kuramoto, founder of Acuity, which last year merged with 13 other firms to form Sorren, as its managing partner in residence.