New tax credit adds planning strategy for advisors and charitable clients
The federal scholarship tax credit is set to take effect on Jan. 1, 2027, with proposed regulations expected by the end of September.

Trump accounts risk missing low-income families
The Trump administration is touting its tax-advantaged investment accounts, but critics say the accounts may only reach those who are already set in life.

Trump hails Trump accounts at NYSE
The tax-advantaged accounts are available to all minors who are U.S. citizens, with a $1,000 seed contribution for children born between 2025 and 2028.

CohnReznick expands in Texas
The Top 25 Firm acquired Houston-based Ham, Langston & Brezina, effective as of July 1, expanding its presence in Texas.

EY leverages AI for tax automation
Ernst & Young is expanding its use of artificial intelligence to make the tax preparation process more efficient, while also recognizing its limitations.

Public officials aren't immune from IRS probes
Once the IRS believes the conduct was willful, a taxpayer's legal training, government position or role of public trust can make the case far more damaging.

Trump ramps up war on regulations
The Treasury is considering rules on taxation of college endowments and changes to treatment of R&D costs, bonus depreciation and caps on business interest deductions.

UHY merges in RBT CPAs
UHY has added RBT CPAs LLP, expanding the Michigan-based Top 50 Firm's presence to New York's Hudson Valley and bolstering its wealth management practice.

On the move: A new chair for FICPA
Plus, new partners at Weaver and Gross Mendelson; a host of scholarships in Illinois; and other firm and personnel news from across the profession.

Trust exercises for accountants
Accountants are justly proud to be the economy's "most trusted advisor," but if you're doing just what you've always done, then that trust you've developed is at risk.