House committee advances tax administration bills
The tax-writing House Ways and Means Committee held a hearing to consider and pass seven bills related to tax administration and the Internal Revenue Service.

AI and the new age of fraud
Your accounting firm's clients are counting on you to understand fraud risk in the Age of AI.

FASB proposes changes in investment company reporting
The Financial Accounting Standards Board wants to amend how investment companies measure the fair value of a security subject to a contractual sale restriction.

AI is creating a new class of tax liability
Accountants are no longer just educating clients about tax law, but actively dismantling AI-generated fiction before it turns into audit-triggering liability.

CLA acquires Perkins & Co.
The Top 20 Firm acquired Regional Leader Perkins & Co., expanding its Pacific Northwest presence.

Private sector added 98K jobs in June as pay grew 4.4%
Service-providing businesses added 96,000 jobs, including 2,000 in professional and business services such as accounting and tax preparation, ADP reported.

CrossCountry Consulting adds Salesforce-focused firm
CrossCountry Consulting acquired Dupont Circle Solutions, a Salesforce-focused technology consulting firm in Arlington, Virginia.

Fischer Cunnane expands in Philly area
Fischer Cunnane & Associates acquired Kalos Hutchings & Co., expanding the firm's presence in the Philadelphia region and strengthening its real estate services.

'Taylor Swift Tax' stirs bad blood with Rhode Island homeowners
The state's new tax on second homes is nicknamed for its most famous part-time resident, but the levy will also squeeze owners whose houses are far less grand.

The AI conversation the profession isn't having
Guidance from the IRS on AI captures only part of the picture. The obligations it describes are real and enduring. What it does not fully address is how the frameworks for meeting them were built for a different generation.