Nonprofits fear IRS will revoke tax exemptions
Nonprofit organizations are worried the IRS and the Treasury Department will take away their tax-exempt status and even sue or prosecute them.

IRS offers guidance on recovering dyed fuel excise taxes
The IRS and the Treasury posted temporary regulations and a notice of proposed rulemaking outlining a new way to recover federal excise taxes paid on dyed fuel.

IFRS Foundation updates standard-setting handbook
The International Financial Reporting Standards Foundation revised its Due Process Handbook, outlining the steps used for developing IASB and ISSB standards.

KPMG closes U.S. federal audit practice, trims advisory staff
KPMG is shutting down its audit practice for the federal government after losing a Pentagon contract, and laying off 4% of its U.S. advisory practice.

The IRS CAF processing crisis
Centralized Authorization File processing remains one of the most significant challenges in tax administration — but Business CAF isn't the solution yet.

Practice profile: No newbies need apply
Top 100 Firm Maxwell Locke & Ritter only hires experienced professionals -- here's how they make it work.

How "zombie" tech and utility waste are bleeding balance sheets
The retirement of legacy copper networks and the rising tide of utility volatility driven by AI adoption are combining to silently drain dollars from offices.

Kreston forms legal group alongside tax group
Kreston Global, an international accounting network based in London, has created a new Global Legal Group, uniting legal professionals from across the network, operating in coordination with the network's Global Tax Group.

House passes bevy of tax-related bills
A group of bipartisan bills moved through the House this week that would make changes in IRS administration, customer service, taxpayer privacy, tax return processing, as well as disaster relief and tax breaks.

AI can boost productivity, but who sustains the customer economy?
AI can produce analysis, but it can't build trust or relationships. If students aren't trained in those areas, they'll be unprepared for roles that matter most.