Tax Fraud Blotter: Win some, lose some
Back-to-school haircuts; two revenue books; voluntary surrender; and other highlights of recent tax cases.

FASB chair plans for new standards, semiannual reporting
Financial Accounting Standards Board chair Richard Jones is preparing for new agenda projects as well as the likelihood of a semiannual reporting option.

IRS quietly raises mileage rates due to inflation
The Internal Revenue Service has raised the optional 2026 standard mileage rates for deducting expenses for the remainder of the year thanks to inflation.

AI won't kill offshoring; it will supercharge it
As AI gets more integrated into accounting firm operations, you need people who already know how to work with AI, and how to give the right prompts and commands.

Blanche agrees to help kill weaponization fund in nomination bid
Blanche said he didn't know who at the Justice Department wrote the language providing immunity from tax audits, though he signed the agreement approving it.

PwC and UK partner hit with £3M fine over Babcock audit
The sanctions were tied to audits of the engineering service provider and government contractor's financial statements for the 2019 and 2020 fiscal years.

Firm360 announces tax prep automation capacities
Firm360 announced new tax prep automation capacities via an integration with Juno.

Prosperity flips PE partners
The Top 100 Firm is getting a majority investment from Lightyear Capital, while its previous investor, Unity Partners, will maintain a minority position in the firm.

IESBA reports on ethics for accountants using new tech
The International Ethics Standards Board for Accountants released a staff publication on the ethical implications of emerging technologies such as AI.

Missouri signs CPA pathway bills into law
Missouri Gov. Mike Kehoe, signed Senate Bill 1233 into law, creating an additional pathway to CPA licensure, effective Aug. 28, 2026.