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 NEWS: ACCOUNTING TODAY
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   NEWS: ACCOUNTING TODAY
Accounting Today
May 20, 2026

KPMG enters alliance with Anthropic
The alliance with Anthropic will embed Claude Cowork into KPMG's global client delivery platform, beginning with tax and legal clients.

Accounting Today
May 20, 2026

Intuit to lay off 17% of workforce
Intuit will lay off 17% of its workforce. Intuit Chairman and CEO Sasan Goodarzi announced the layoffs today in a company-wide message.

Accounting Today
May 20, 2026

SEC semiannual reporting option stirs friction
The Securities and Exchange Commission's proposal for a semiannual reporting option has quickly provoked debate.

Accounting Today
May 20, 2026

Intuit to sunset ProAdvisor Program, launch new ProPartner Accountants program
Early next year, Intuit's ProAdvisor Program will be replaced with a new Intuit ProPartner Accountants program, integrated with Intuit Accountant Suite.

Accounting Today
May 20, 2026

State AGs sue to stop Education Department loan restrictions
Attorneys general from 25 states and D.C. are suing the administration over rules limiting loans for graduate students in accounting and other professions.

Accounting Today
May 20, 2026

Grant Thornton to add MCA Connect
The Top 10 Firm will acquire a consulting and technology firm that helps manufacturing and distribution companies modernize operations with digital solutions.

Accounting Today
May 20, 2026

Caseware rolls out 'Verity' AI platform and agents
Audit solutions provider Caseware launched an intelligence and orchestration layer operating across the engagement lifecycle.

Accounting Today
May 20, 2026

Barney Frank, key lawmaker during financial crisis, dies at 86
The quick-witted Democratic congressman who found himself on the front lines of the government's rescue of the American financial system has died.

Accounting Today
May 20, 2026

Sales tax is coming for your small business clients
Sales and use tax once sat at the back of the small business tax conversation. It now has taken a seat in the front row.

Accounting Today
May 20, 2026

Jan. 6 rioters who beat police may get payouts, Blanche says
Acting Attorney General Todd Blanche wouldn't rule out the possibility that rioters who attacked police could receive payments from a $1.8 billion taxpayer fund.

Accounting Today
May 20, 2026

Trump IRS suit settlement questioned by judge as case closed
The judge who oversaw the president's $10 billion lawsuit against the IRS questioned whether the government was being transparent about a settlement.

Accounting Today
May 20, 2026

New York's Lawler casts doubt on more SALT tax relief this year
Representative Mike Lawler, a key negotiator behind the temporary increase to the cap on state and local tax deductions, pushed back on efforts to expand it.

Accounting Today
May 19, 2026

In the blogs: Rainy days and Mondays
Critical cautionary tale; reactive to proactive; consumption taxes; and other highlights from our favorite tax bloggers.

Accounting Today
May 19, 2026

House passes bill protecting taxpayer due process rights
The House approved legislation to make IRS collection proceedings taxpayer friendly, safeguard tax refunds and provide judicial review of tax liability claims.

Accounting Today
May 19, 2026

AICPA backs bill limiting beneficial ownership reporting
The American Institute of CPAs expressed support for legislation limiting the reporting of U.S. businesses' beneficial ownership information to FinCEN.

Accounting Today
May 19, 2026

Trump's IRS settlement includes dropping tax cases, audits
The Internal Revenue Service agreed not to continue any legal claims or investigations of the president's past tax returns, adding to a controversial settlement.

Accounting Today
May 19, 2026

IMA launches AI micro-credential
The Institute of Management Accountants announced the availability of its new AI in Finance Micro-credential as part of a larger rollout of similar credentials for specialized finance and accounting competencies.

Accounting Today
May 19, 2026

With $243B in wealth at risk, here's how to spot heirs' property red flags
The Uniform Partition of Heirs' Property Act helps families avoid forced property sales in at least 24 states, according to a study sponsored by JPMorgan Chase.

Accounting Today
May 19, 2026

Association for Accounting Marketing launches rebrand
The AAM is rebranding itself as the Association for Accounting Growth, reflecting the profession's evolution and association members' expanding responsibilities.

Accounting Today
May 19, 2026

FASB issues environmental credit standard
The accounting standards update aims to improve financial accounting and disclosures about activities related to environmental credits and obligations.

Accounting Today
May 19, 2026

Springline expands into Oklahoma City
The Top 100 Firm acquired GBC Advisory, marking its expansion into the Oklahoma City area.

Accounting Today
May 19, 2026

SEC proposes to simplify reporting and auditing requirements
The Securities and Exchange Commission aims to increase IPOs with changes to accelerated and non-accelerated filers and exemptions from internal control audits.

Accounting Today
May 19, 2026

SEC proposes to simplify reporting, auditing requirements
The Securities and Exchange Commission aims to increase IPOs with changes to accelerated and non-accelerated filers and exemptions from internal control audits.

Accounting Today
May 19, 2026

Experience, the great differentiator
As affordable accounting services become the new standard, the key to thriving will be brand affinity, loyalty and admiration, starting with client experience.

Accounting Today
May 19, 2026

Mamdani meets Wall Street CEOs as tax pitch roils city's wealthy
The New York City mayor held individual meetings with Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon, amid flurry of recent tax proposals.

Accounting Today
May 19, 2026

Windsor Path makes second acquisition
Windsor Path, a family office-backed platform for accounting firms, acquired ASO Advisors, the non-attest business of Agresta, Storms & O'Leary in Indianapolis.

Accounting Today
May 19, 2026

Citrin Cooperman expands investment in Tellen
The Top 25 firm is deepening its investment in an AI-driven accounting workflow platform, which includes a multiyear relationship to build AI audit solutions.

Accounting Today
May 18, 2026

What makes a Best Firm for Technology?
A look inside what it takes to truly get the most out of your firm's technology, with insights from Roman Kepczyk.

Accounting Today
May 18, 2026

SEC nixes 'gag rule' on enforcement action settlements
The Securities and Exchange Commission rescinded a policy Monday requiring defendants in settled enforcement actions not to publicly deny the SEC's allegations.

Accounting Today
May 18, 2026

IRS upped overtime amid staff reductions
The Internal Revenue Service increased overtime hours and pay for its employees after extensive staffing reductions and last fall's government shutdown.

Accounting Today
May 18, 2026

IRS detecting more tax-related identity theft
The Internal Revenue Service has improved its ability to flag returns for signs of identity theft, adjusting its filters to reduce false positives and spot fraud.

Accounting Today
May 18, 2026

Evergrande liquidators seek $8.4B from PwC in Hong Kong court
The case centers on PwC's auditing work for Evergrande, an emblem of China's property crisis since it defaulted in 2021.

Accounting Today
May 18, 2026

Musk's xAI fails to pay staff $420 for giving their tax returns to Grok
Employees were asked to offer up their own tax returns as training data for the company's Grok chatbot, promising a $420 payment as incentive for doing so. Two months later, those payments still haven't materialized.

Accounting Today
May 18, 2026

The operational capacity crisis firms are still underestimating
The discourse surrounding the future of accounting has largely centered on automation, AI and digital transformation. Yet many firms face a more immediate issue.

Accounting Today
May 18, 2026

Trump moves to drop $10B lawsuit against IRS
Officials have discussed creating a $1.7 billion federal fund to pay victims of so-called government weaponization to resolve the lawsuit.

Accounting Today
May 18, 2026

DOJ creates $1.8B fund under Trump IRS settlement accord
The amount of the fund is set at $1.776 billion, an apparent reference to the year 1776 and the creation of the U.S.

Accounting Today
May 18, 2026

Lewis Group CPAs adds specialty-trades firm
Lewis Group CPAs acquired specialty-trades accounting firm Atlas Accounting Group in April, expanding its presence in the Pacific Northwest

Accounting Today
May 18, 2026

AI in the audit room: What it actually looks like
Technology is not replacing accountants. But it is changing what accounting work involves, and the change is further along than most realize.

Accounting Today
May 18, 2026

The profession that could fix AI governance hasn't been asked
Will the profession wait for the AI equivalent of 1929 before applying what it already knows? The answer begins with examining what the current AI assurance landscape provides and what it does not.

Accounting Today
May 15, 2026

ASL adds California firm
Regional Leader Abbott, Stringham & Lynch acquired San Jose, California-based ArightCo.

Accounting Today
May 15, 2026

AICPA suggests IRS guidance priorities
The American Institute of CPAs sent a list of nearly 200 recommendations to the Internal Revenue Service for the IRS's 2026-2027 Priority Guidance Plan.

Accounting Today
May 15, 2026

Two levers for doubling your firm's value
Most firm owners focus on the revenue lever they have pulled their whole career, but they may never have touched the other lever.

Accounting Today
May 15, 2026

Tech news: CLA launches CLA One Digital service
Plus, Xero announces XeroForce custom AI agent builder; Emburse releases new AI purchasing agent; and other news and updates from the accounting tech world.

Accounting Today
May 15, 2026

Newsom pitches software tax to raise billions
California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions of dollars in new revenue.

Accounting Today
May 15, 2026

Newsom pitches software tax to raise billions in new revenue
California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions of dollars in new revenue as the state's budget is being lifted by the artificial-intelligence boom.

Accounting Today
May 15, 2026

On the move: Eisner names a new cannabis leader
Plus, WICPA elects new chair; RSM announces a big slate of leadership appointments; Weaver names a new head of its India ops; and more firm and personnel news.

Accounting Today
May 15, 2026

New York plans tax on homes over $1M purchased with cash
The proposed tax would be levied at 1% of the purchase price and would be paid by the buyer.

Accounting Today
May 15, 2026

Between two firms
Public accounting firms are having their own awkward conversation between the firm they built and the firm they now need to become.

Accounting Today
May 14, 2026

Tax Fraud Blotter: Full of scrap
Ghost payroll; non-existent businesses; save you from paying; and other highlights of recent tax cases.

Accounting Today
May 14, 2026

Six strategies for AI
Executives from the Top 100 Firms and Regional Leaders share their approaches on adopting and implementing artificial intellgience.

Accounting Today
May 14, 2026

AICPA updates audit confirmation standard
The American Institute of CPAs approved a standards update to modernize how CPAs get audit evidence via external confirmation procedures.

Accounting Today
May 14, 2026

FASB adds projects on private credit, contractual sale restrictions, taxes
The Financial Accounting Standards Board decided to add several projects to its technical agenda.

Accounting Today
May 14, 2026

Intuit Enterprise Suite upgrade broadens analytics, automation
Intuit announced new features and enhancements for its Intuit Enterprise Suite platform for mid-market businesses with more complex needs.

Accounting Today
May 14, 2026

Long-stalled crypto market bill wins key Senate committee vote
The Senate Banking Committee advanced a landmark digital asset market structure bill after months of negotiations, signaling fresh momentum for the measure.

Accounting Today
May 14, 2026

How to resolve the eternal pain of R&D credits
The administrative approach to R&D credits needs to shift away from the current once-a-year scramble within companies.

Accounting Today
May 14, 2026

"AI can't do accounting" benchmarks are asking the wrong question
The industry framing of "what can AI do?" is mismatched with how AI is deployed today, and the conclusions can leave firms a tax season behind their peers.

Accounting Today
May 13, 2026

IRS creates significant issue ruling program
The Internal Revenue Service established a significant issue ruling program to allow corporate taxpayers to request rulings on certain issues.

Accounting Today
May 13, 2026

A great employee to work for
Bidding a fond farewell to our longtime managing editor sparks some thoughts on who should be working for who.

Accounting Today
May 13, 2026

IRS outlines terms of settlement in easement disputes
The IRS provided more details about the settlements it's offering for a limited time in syndicated conservation easement and historic preservation claims.

Accounting Today
May 13, 2026

Cohen & Co. expands in Michigan
The Top 50 Firm will acquire Troy, Michigan-based Gordon Advisors, making the state one of its largest geographic markets.

Accounting Today
May 13, 2026

Why didn't offshoring work out the first time?
Are you sure it was the vendor's fault? Here are tips for a better outcome the second time around.

Accounting Today
May 13, 2026

Why didn't offshoring work the first time?
Are you sure it was the vendor's fault? Here are tips for a better outcome the second time around.

Accounting Today
May 13, 2026

CCH Axcess Advisor leaves early access, now available for general public
Wolters Kluwer announced that CCH Axcess Advisor, which entered limited release late last year, is now generally available for firms.

Accounting Today
May 13, 2026

CCH Axcess Advisor now available for general public
Wolters Kluwer announced that CCH Axcess Advisor, which entered limited release late last year, is now generally available for firms.

Accounting Today
May 13, 2026

Mamdani's budget counts on second-home tax
For a small number of New Yorkers who own luxury second homes in the city, the prospect of seeing their property tax rates go up is still alive.

Accounting Today
May 13, 2026

Mamdani's NYC budget counts on taxing pricey second homes
For a small number of New Yorkers who own luxury second homes in the city, the prospect of seeing their property tax rates go up is still alive.

Accounting Today
May 13, 2026

Submissions now open for the 2026 VAR 100
Accounting Today is now accepting submissions for its annual list of the top value-added resellers in the accounting space. Our deadline is end-of-day June 2.

Accounting Today
May 13, 2026

Poland stands by digital services tax, rebuffing US threats
Poland will continue working on legislation to tax digital platforms, the finance minister said, despite threats of retaliation from the Trump administration.

Accounting Today
May 12, 2026

In the blogs: Viruses are back!
"Pied-à-terre" tax; warning shot; Section 122 tariffs; and other highlights from our favorite tax bloggers.

Accounting Today
May 12, 2026

$35B in tariff refunds cleared for importers so far
The payments are being processed through a new online government portal and will include interest on duties paid across more than 8 million import entries.

Accounting Today
May 12, 2026

Mamdani scraps property tax hike, counts second-home revenue
New York City Mayor Zohran Mamdani has ditched his plan to raise New Yorkers' property taxes, an unpopular measure he threatened to use to help close a deficit.

Accounting Today
May 12, 2026

US sees smaller April budget surplus on lower tax receipts
Individual and corporate tax receipts dropped in the wake of President Donald Trump's signature tax cut legislation.

Accounting Today
May 12, 2026

GOP leaders mull gas tax suspension as momentum grows
Speaker Mike Johnson called suspending the federal gas tax "an intriguing idea" but didn't commit to a timeline as momentum builds in both chambers to take action.

Accounting Today
May 12, 2026

Organizations lose 5% to fraud each year
The median fraud loss per case in the ACFE study was $104,000, but the average loss per case was $1,457,000, while 20% had losses of more than $1 million.

Accounting Today
May 12, 2026

Sorren acquires Maryland firm
The Top 50 Firm acquired Owings Mills, Maryland-based Gorfine, Schiller & Gardyn, expanding the firm's Mid-Atlantic presence.

Accounting Today
May 12, 2026

Nichols Cauley acquires Molieri Group
The Top 100 Firm acquired a Miami-based firm that specializes in international tax consulting, estate and trust matters, and tax planning.

Accounting Today
May 12, 2026

Citrin Cooperman adds Miami firm
The Top 25 Firm acquired Sharff, Wittmer, Kurtz, Jackson & Diaz, expanding its presence in Florida.

Accounting Today
May 12, 2026

The accounting talent crisis is shifting, but most firms haven't noticed
Instead of worrying about future hiring needs, it's time for firm leaders to fully understand the major drivers smoothing out the talent crunch.

Accounting Today
May 12, 2026

KPMG leads a strong quarter for new SEC clients
Big Four firm KPMG signed 17 new SEC audit engagements, followed closely by Deloitte, CBIZ and Carr Riggs & Ingram.

Accounting Today
May 12, 2026

Trump's gas tax holiday would cost $3.5B a month
A federal gasoline tax holiday as proposed by President Trump would result in billions of dollars in lost tax revenue each month, budget analysts say.

Accounting Today
May 11, 2026

The changing world of government financial reporting
The serious new pressures facing governments of all sizes are changing their financial reporting, says GASB Chair Joel Black.

Accounting Today
May 11, 2026

Trump floats temporary US gas tax halt
President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on.

Accounting Today
May 11, 2026

Trump floats temporary US gas tax halt as pump prices soar
President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on.

Accounting Today
May 11, 2026

Whitman launches leadership development group
Whitman Advisory, Maxwell Leadership and Lions Pride Leadership partnered to launch a leadership development and coaching company.

Accounting Today
May 11, 2026

Tax noncompliance growing among federal employees, retirees
Tax delinquency is increasing among federal government employees as well as retirees, according to a new report.

Accounting Today
May 11, 2026

Doeren Mayhew adds Miami firm
The Top 50 Firm acquired Miami-based Parlade Schaefer Schortz, expanding its presence in the South Florida market and healthcare sector.

Accounting Today
May 11, 2026

Internal auditors confront fraud risks
Internal auditors are facing a heightened risk of fraud at organizations as schemes change and internal controls weaken over time, according to a new report.

Accounting Today
May 11, 2026

AICPA asks IRS for guidance on excise tax at nonprofits
The American Institute of CPAs wants more information on a provision of the One Big Beautiful Bill Act imposing an excise tax on tax-exempt organizations.

Accounting Today
May 11, 2026

Atkins' folly
The idea of semi-annual reporting is a guaranteed self-inflicted disaster, like using a knife while gripping the blade instead of the handle.

Accounting Today
May 11, 2026

Grant Thornton launches AI-enabled audit platform
Top 10 Firm Grant Thornton announced the launch of gtap, a proprietary audit infrastructure intended to redefine how the firm performs audits.

Accounting Today
May 11, 2026

Grant Thornton launches unified AI-enabled audit platform 'gtap'
Top 10 Firm Grant Thornton announced the launch of gtap, a proprietary audit infrastructure intended to redefine how the firm performs audits.

Accounting Today
May 11, 2026

NY gov to back Trump's tax credit for school choice
New York Governor Kathy Hochul is planning to participate in President Donald Trump's controversial federal school choice program.

Accounting Today
May 11, 2026

New York's Hochul to back Trump's tax credit for school choice
New York Governor Kathy Hochul is planning to participate in President Donald Trump's controversial federal school choice program.

Accounting Today
May 11, 2026

NYC tax plan that angered rich is proving difficult to design
New York officials are trying to give shape to the pied-à-terre tax proposed by Governor Kathy Hochul, with significant questions still unresolved.

Accounting Today
May 11, 2026

NYC tax plan that angered rich proves tough to design
New York officials are trying to give shape to the pied-à-terre tax proposed by Governor Kathy Hochul, with significant questions still unresolved.

Accounting Today
May 11, 2026

AI cannot audit itself, and the profession knows why
When a CPA signs off on a work product that an AI system helped produce, what is the independent verification standard that certifies the system producing that work is actually reliable? There isn't one.

Accounting Today
May 08, 2026

GASB adds projects on digital assets, pensions and benefits
The Governmental Accounting Standards Board added several items to its research agenda, but decided against adding a project on cybersecurity disclosures.

Accounting Today
May 08, 2026

How CFOs can defuse the time bomb of PTO liabilities
The majority of employees don't use all the paid time off available to them, so many companies are steadily accumulating a huge line item on their balance sheets.

Accounting Today
May 08, 2026

Intuit launches QuickBooks Workforce for HCM, payroll
Intuit has expanded further into payroll, time tracking, benefits, onboarding and other human capital needs through its new solution, QuickBooks Workforce.

Accounting Today
May 08, 2026

Employers added 115K jobs in April, including 1.2K in accounting
The U.S. Bureau of Labor Statistics report surpassed economists' expectations, as the unemployment rate remained unchanged at 4.3%.

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