MFS collapse triggers probe into failed UK lender's auditors
The Financial Reporting Council is probing accountancy firms linked to Market Financial Solutions Ltd., a mortgage lender backed by multiple Wall Street banks.

China Evergrande's liquidation prompts some PwC partners to shield assets, contemplate divorce
The collapse of the property developer is raising concerns among some partners at its former auditor about the potential impact on their own finances.

US refunds $22 billion tariffs, offsetting customs revenue
Individual tax withholdings plus Social Security and Medicare taxes collected increased to $286 billion in May from $247 billion last year, while corporate tax receipts were down 67%.

Judge declines action on 'weaponization' fund while warning DOJ
The agreement to settle Trump's case against the IRS included a bar against audits of past tax filings by him, his family members, businesses and other government investigations.

Florida property tax cut could strain local credit, S&P says
Local governments in Florida will face "greater credit pressure" if voters OK a plan to largely eliminate property taxes on over half of homes in the state.

Stephano Slack scores PE funding
The Regional Leader based in Wayne, Pennsylvania, received a strategic growth investment from Madison Dearborn Partners and co-investor Norlantic Capital.

Encourage business clients to do a post-tax season checkup with you
Here are 10 tactics for transforming your client's return from a compliance document to a planning and business development tool.

What 831(b) plans mean for CPAs in a post-ruling environment
For years, many accountants approached 831(b) micro-captive insurance plans with caution, if not outright avoidance. The reason was understandable.

GOP lawmakers raise doubts on prospects of third budget bill
The tax-writing Ways and Means Committee hasn't had any discussions about including tax provisions in a third reconciliation bill.

Baker Tilly acquires Anchin
Top 10 Firm Baker Tilly will acquire Top 100 Firm Anchin, Block & Anchin, and will move its headquarters from Chicago to New York City.