IRS sets up conservation easement office, ends settlement process
The IRS has created a new Office of Conservation Easements and plans to change the process for settling disputed claims for the lucrative tax breaks.

IRS updates guidance on overtime deduction
The Internal Revenue Service has updated the questions and answers in its fact sheet on the new overtime deduction under the One Big Beautiful Bill Act, now known as the Working Families Tax Cuts.

Northeast firms merge as BST Gallagher Flynn
Latham, New York-based BST & Co. and South Burlington, Vermont-based Gallagher, Flynn & Co. completed a merger.

IRS proposes rules to deny tax credits to undocumented immigrants
Proposed regulations would prohibit undocumented immigrants from receiving much of the money from refundable tax credits such as the EITC, CTC and AOTC.

CRI grows gov't accounting arm
The Top 25 Firm acquired Trace Advisory in Ridgeland, Mississippi, expanding its ability to serve government entities and public-sector organizations.

AI is revolutionizing accounting in a good way
As we prepare for a future where successful tax professionals experiment and adapt as AI evolves, here are the strongest benefits the industry is seeing.

Evergrande liquidators challenge Hong Kong watchdog in court
The construction company's liquidators are seeking $8.4 billion in a lawsuit against PwC International and its mainland China and Hong Kong affiliates.

Trump delays Canada tariffs at 11th hour, saying deal close
The Trump administration delayed 50% tariffs on billions of dollars of Canadian products for three days, saying the two sides had reached a tentative agreement.

Your clients' data belongs to your clients
If the data belongs to the business owner, why is it so hard for them, and for the accountants who serve them, to actually get it?

Hillary Salo named next FASB chair
The Financial Accounting Foundation named Hillary Salo as the next chair of the Financial Accounting Standards Board, starting July 1, 2027.