Charitable deduction gets caps, floors and haircuts in OBBBA
Just in time for Giving Tuesday, there's some good news for charities, thanks to the One Big Beautiful Bill Act, but also some new caps and limits.

M&A roundup: Deals from Virginia to Massachusetts
Eide Bailly adds Wall, Einhorn & Chernitzer; Brown Edwards acquires Sheldon & Co.; and LGA merges with Cohen Cohen & Co.

Small business jobs and wages grew modestly in November
Last month brought a slight uptick in wage and job growth at small businesses, payroll company Paychex reported.

The end of the penny could create a big compliance problem
For accountants and auditors, the elimination of the penny will affect reconciliation, system configuration and compliance reporting.

BDO UK partner pay drops 14% after deals slow
The firm, which now has more than 500 partners, said its deals practice shrank 4% and its audit unit was down 3.7%, while its tax business grew 3.4%.

Tax Fraud Blotter: Ouch
Carcaught; a big shank; this order's definitely to go; and other highlights of recent tax cases.

Some gamblers to face new tax on 'money they never made'
A tweak to the deductibility of gambling losses may not bring in a lot of tax revenue, but it could certainly alter a lot of wagers next year.

Students' misconceptions drive them away from accounting
A study found that students underestimate the audit profession's attractive aspects and overestimate its less appealing aspects.

Why accountants who adopt AI are leading the next era of AP
Adding AI shouldn't be about throwing automation at a problem. It's more about how accountants use it evolve.

Trump signs IRS MATH Act into law
The law requires the IRS to provide a clear explanation of tax-filing errors to taxpayers on its math error notices.