Tax Fraud Blotter: Any port in a storm
Using his personhood; SNAP redemptions; Ponzi-like payments; and other highlights of recent tax cases.

Jersey City shadowed by tax hike
After decades of drawing in tens of thousands of new residents, Jersey City has suddenly found itself teetering on the financial brink.

Firms balance independence vs. private equity funding
Accounting firms have been fielding offers from a growing number of private equity investors as PE money continues to pour into the accounting sector.

Opportunity zones just became permanent
If you have high-net-worth clients with capital gains, retire the old playbook for qualified opportunity zones. The program is now a recurring planning regime.

Smolin Lupin acquires Vitolo
Smolin, Lupin & Co. acquired Vitolo & Associates, expanding its advisory and accounting capabilities and growing its presence in New Jersey.

Ex-Macquarie banker may dodge prison in tax scandal
As many as 100 former and current staff members at the bank were swept up in the Cum-Ex tax probe.

AI raising expectations for human accountants
AI has raised the bar for what counts as good service in clients' eyes, meaning the humans will need to up their game, perhaps through the use of AI.

Inscope solution uses AI to produce disclosure checklists
Financial reporting and automation solutions provider Inscope announced a new release that uses agentic AI to produce a review-ready disclosure checklist.

When agents outnumber accountants: A new model for CPA firms
If things continue at this pace, it won't be surprising if CPA firms have a 40-to-one agent-to-human ratio in the near future and need a new operating model.

Vendors aren't losing sleep over vibe-coding — yet
AI-coded apps are changing the dynamics between software vendors and accounting firms, but the market impact so far has been small.