Senate passes disaster tax relief bill
The Senate passed a federal disaster tax relief bill, the Doug LaMalfa Federal Disaster Tax Relief Certainty Act, by unanimous consent after a hold was lifted.

Xero announces native payroll solution
Xero Payroll completes the trifecta of accounting, payments and payroll that is key to the company's 3x3 strategy.

Fieldguide debuts Field Financials and Fieldguide MCP
Fieldguide added new financial audit capacities to handle drafting, reviews and disclosures plus a way to connect with other AI models directly.

LCvista acquires CPA QualityPro
CPE compliance solutions provider LCvista bought CPA license management solutions provider CPA QualityPro, combining CPE, learning, licensure and mobility.

IRS provides guidance on retirement plan rollovers
The Internal Revenue Service and the Treasury Department offered guidance on rollovers between retirement plans and individual retirement accounts.

What happens when an overseas client isn't paid?
An overdue foreign invoice starts two clocks: one for financial reporting and one for recovery. Accountants can keep both moving.

SEC weighs direct funding of Consolidated Audit Trail
The Securities and Exchange Commission is considering taking direct control of a controversial database that tracks trades across equities and options markets.

Trump says US weighing attempt to stop NYC pied-a-terre tax
Trump in a social media post argued that the policy was costing the city by driving away wealthy people who would otherwise pay taxes there.

Trump weighs call for capital gains tax cuts as midterm boost
President Trump is looking for new policy pledges he can present to voters, including potentially calling on Congress to cut capital gains taxes.

Most execs trust AI despite errors
Despite high confidence from leaders in AI, 26% of executives said internal audits have detected AI errors that reached external audiences or the board.