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 NEWS: ACCOUNTING TODAY
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   NEWS: ACCOUNTING TODAY
Accounting Today
Apr 30, 2026

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.

Accounting Today
Apr 29, 2026

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.

Accounting Today
Apr 29, 2026

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.

Accounting Today
Apr 29, 2026

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.

Accounting Today
Apr 29, 2026

Republicans eye capital gains tax cut to ease voters' anxieties
Indexing capital gains to inflation would allow taxpayers to adjust the value of an asset to account for rising prices across the economy.

Accounting Today
Apr 29, 2026

Boomer's Blueprint: The agentic workforce means big changes for CPA firms
An AI agent is a system that can not only answer questions but also take autonomous action — a proactive team member who watches, thinks and acts on your behalf.

Accounting Today
Apr 29, 2026

Black Ore's Tax Autopilot now generally available
AI financial services platform Black Ore announced the general availability of its Tax Autopilot solution, touted as being capable of executing even complex workflows with little to no need for human intervention.

Accounting Today
Apr 28, 2026

In the blogs: Just look at that squirrel
New GASB standards; tax cheats; along for the rideshare; and other highlights from our favorite tax bloggers.

Accounting Today
Apr 28, 2026

Grant Thornton to add GT Australia
The deal, expected to close later this year, will expand Grant Thornton's presence in the Asia Pacific region.

Accounting Today
Apr 28, 2026

IPSASB aims to improve public sector financial statements
The International Public Sector Accounting Standards Board hopes to improve how financial information is presented in public sector financial statements.

Accounting Today
Apr 28, 2026

New bill would autofill tax forms
The legislation would enable taxpayers to use a secure IRS website to download a tax form automatically populated with information the IRS already collects.

Accounting Today
Apr 28, 2026

Congressman introduces bill to autofill tax forms
The legislation would enable taxpayers to use a secure IRS website to download a tax form automatically populated with information the IRS already collects.

Accounting Today
Apr 28, 2026

CEO pay growth accelerates at S&P 500
Chief executives have been seeing substantial pay gains over the past year, especially at the largest companies, according to a new analysis.

Accounting Today
Apr 28, 2026

Platform adds Pennsylvania firm
The Top 50 Firm acquired St. Clair & Associates, expanding its footprint in the Northeast market.

Accounting Today
Apr 28, 2026

Mamdani pushes to shrink NY hedge-fund, private-equity tax break
The mayor is delaying the city's $127 billion budget as he pressures the state to limit a pass-through entity tax credit used by financial businesses.

Accounting Today
Apr 28, 2026

The Scylla and Charybdis of accounting technology
Accounting firms need to steer between two equally dangerous positions when it comes technology.

Accounting Today
Apr 28, 2026

House passes IRS Whistleblower Improvement Act
The House passed bipartisan legislation to strengthen the Internal Revenue Service's Whistleblower Awards Program and provide faster payouts to tipsters.

Accounting Today
Apr 28, 2026

House passes IRS Whistleblower Program Improvement Act
The House passed bipartisan legislation to strengthen the Internal Revenue Service's Whistleblower Awards Program and provide faster payouts to tipsters.

Accounting Today
Apr 28, 2026

How well did you survive tax season?
Accountaneur Advisory's inaugural survey measuring the human cost of tax season is open for participation.

Accounting Today
Apr 28, 2026

The IRS just reset the ERC clock: Six months or file suit
The IRS announced a streamlined way for Employee Retention Credit claimants to extend the two-year deadline to file a refund suit after a claim disallowance.

Accounting Today
Apr 28, 2026

The IRS resets the ERC clock: Six months or file suit
The IRS announced a streamlined way for Employee Retention Credit claimants to extend the two-year deadline to file a refund suit after a claim disallowance.

Accounting Today
Apr 27, 2026

Audit committee chairs check in on AI
The PCAOB found that audit committee chairs are increasingly turning to their auditors to understand AI's impacts on a company's financial reporting and controls.

Accounting Today
Apr 27, 2026

FASB adds project on insurance hedging
The Financial Accounting Standards Board added a project to its technical agenda to allow insurance companies to use the "portfolio layer method" when doing hedge accounting on their financial liabilities.

Accounting Today
Apr 27, 2026

AICPA & CIMA roll out AI Skills Accelerator program
The AICPA and CIMA announced its new "AI Skills Accelerator," an intensive multicourse program that provides a wide breadth of materials to build skills with AI and better understand the mindset needed to do so successfully.

Accounting Today
Apr 27, 2026

IRS lets taxpayers ask for more time after ERC is disallowed
The Internal Revenue Service is offering taxpayers a new option to request more time to review a disallowance of an Employee Retention Credit claim.

Accounting Today
Apr 27, 2026

House advances slimmer IRS budget for 2027
The House Appropriations Committee approved further budget cuts for the IRS, expanding the use of AI and data analytics to handle enforcement.

Accounting Today
Apr 27, 2026

Grow your practice without adding new clients
Clients may be able to save thousands in taxes and prepare for a better future with the introduction of even the most rudimentary financial planning.

Accounting Today
Apr 27, 2026

Fractional CFO firm gets minority investment
CFO Selections, a fractional CFO firm, received a minority investment from family office Laird Norton Company.

Accounting Today
Apr 27, 2026

NYC's Mamdani tries defusing Griffin blowback to second-home tax
New York City Mayor Zohran Mamdani insisted his push for a new tax on pricey second homes isn't "motivated by any one individual."

Accounting Today
Apr 27, 2026

Trump's $10B IRS suit hits snag with skeptical judge
A judge questioned whether the president's lawsuit against the IRS and Treasury can proceed with Trump effectively in control of both sides of the litigation.

Accounting Today
Apr 27, 2026

The future of the accounting workforce
While concerns remain about the profession's pipeline of new accountants, Cathy Moy, chief people officer at BDO USA, sees plenty of ways to keep it full.

Accounting Today
Apr 24, 2026

KPMG lays off 10% of US audit partners
KPMG is eliminating approximately 100 of the partners in its U.S. audit and assurance practice after not enough of them accepted an early retirement program.

Accounting Today
Apr 24, 2026

IRS panel calls for changes in notices, forms, tools
The Taxpayer Advocacy Panel issued its annual report calling for improvements and greater clarity in notices, forms and publications after a year of turbulence.

Accounting Today
Apr 24, 2026

IRS panel recommends changes in notices, forms, tools
The Taxpayer Advocacy Panel issued its annual report calling for improvements and greater clarity in notices, forms and publications after a year of turbulence.

Accounting Today
Apr 24, 2026

Accounting Today calls for Top Firms by AUM for 2026
The survey window for our "Wealth Magnets" annual ranking of the top CPA financial planners by assets under management is now open.

Accounting Today
Apr 24, 2026

Tech news: Diligent touts AI Board Member and Agentic GRC Workforce
Plus, Gusto announces 75 new features; Infinite Ties launches new FanCAS-Kit; and other accounting tech news and updates.

Accounting Today
Apr 24, 2026

On the move: Maillie names next MP
CohnReznick opens seventh California office and adds international tax partner; Aprio appoints real estate industry leader; and more news from across the profession.

Accounting Today
Apr 24, 2026

Cannabis tax relief is here, for some
The Justice Department's order delivers meaningful tax relief to the medical cannabis industry and signals a serious federal effort to align with state laws.

Accounting Today
Apr 24, 2026

Hedge fund collapse sparks global hunt for almost $600M
The blue-chip auditing firm of Deloitte is being sued after signing off on the fund's financial statements before its collapse in 2025.

Accounting Today
Apr 24, 2026

An AI agent takes over a store and orders too many candles
The initial financial results have been mixed. By Luna's own accounting, the store will need to make around $500 a day to break even on monthly expenses.

Accounting Today
Apr 24, 2026

Schwab imposes new account curbs as tax-aware strategies boom
Charles Schwab is becoming the latest brokerage to rein in a booming but potentially risky part of its business.

Accounting Today
Apr 24, 2026

Firms need systemic approach to filter vendor hype
Tech-forward CPA firms have found that effective vendor vetting requires a systemic and intentional approach grounded not in wishful thinking but concrete business needs.

Accounting Today
Apr 23, 2026

IRS to revamp Form 990 to require more info
The Treasury Department said the IRS will be revising the Form 990 to uncover fraud and hidden sources of funding at tax-exempt organizations.

Accounting Today
Apr 23, 2026

IRS to revamp Form 990 to require more info from charities
The Treasury Department said the IRS will be revising the Form 990 to uncover fraud and hidden sources of funding at tax-exempt organizations.

Accounting Today
Apr 23, 2026

Tax Fraud Blotter: Running backlash
Shell game shellacking; one tequila, two tequila; cryptocurrency con; and other highlights of recent tax cases.

Accounting Today
Apr 23, 2026

IPSASB proposes tweaks to public sector accounting standards
The International Public Sector Accounting Standards Board proposed a set of narrow changes to align them with recent guidance from the IASB.

Accounting Today
Apr 23, 2026

Top 5 opportunities for firms
The rapidly changing profession leaves firms with a host of challenges — and opportunities.

Accounting Today
Apr 23, 2026

US, South Africa renew accounting recognition pact
U.S. and South African accounting organizations extended a mutual recognition agreement through mid-2031, allowing accountants to practice in both countries.

Accounting Today
Apr 23, 2026

FASB provides guidance on paid-in-kind dividends
The accounting standards update offers guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

Accounting Today
Apr 23, 2026

Two relationships that will define the next decade of client value
The reason integrated firms are being built and attracting clients is not because service bundling is a clever revenue trick.

Accounting Today
Apr 23, 2026

PwC pays $166M to settle HK Evergrande audit probe
PricewaterhouseCoopers agreed to pay fines and compensation to settle investigations into its auditing work for the collapsed property giant.

Accounting Today
Apr 22, 2026

KPMG premieres monthly close AI assistant
Ignite Financial Close Companion, developed in cooperation with Google and HR platform Workday, assists with the month-end closing process.

Accounting Today
Apr 22, 2026

ISSB plans practice statement on nature-related disclosures
The International Sustainability Standards Board decided during a meeting on Earth Day that it will propose a set of requirements for nature-related disclosures in the form of an IFRS Practice Statement.

Accounting Today
Apr 22, 2026

A new way to experience Accounting Today
Our redesign makes finding news to grow and scale your firm easier than ever.

Accounting Today
Apr 22, 2026

House committee passes CTA repeal bill
The House Financial Services Committee voted to advance legislation that would effectively repeal the Corporate Transparency Act and its beneficial ownership information reporting requirements.

Accounting Today
Apr 22, 2026

A crazy take on the talent pipeline crisis
It's not that we don't have enough petroleum in our pipelines, it's that we don't have a high enough octane to perform what we need it to do.

Accounting Today
Apr 22, 2026

San Francisco billionaire punches back against 'overpaid' CEO tax
In June, voters will decide whether to impose an eight-fold increase to a gross-receipts tax on any large company doing business in the city where the highest paid executive earns 100 times or more than their median employee.

Accounting Today
Apr 22, 2026

The biggest opportunities for accountants
Amid major disruption, firm leaders still see plenty of upside in accounting.

Accounting Today
Apr 21, 2026

In the blogs: If you make it here …
Most magical place; Amazon warehouses; paper or plastic; and other highlights from our favorite tax bloggers.

Accounting Today
Apr 21, 2026

GASB videos help elected officials navigate financial reports
The Governmental Accounting Standards Board debuted a series of videos to help officials understand the information included in government financial reports.

Accounting Today
Apr 21, 2026

GASB videos help gov't officials navigate financials
The Governmental Accounting Standards Board debuted a series of videos to help officials understand the information included in government financial reports.

Accounting Today
Apr 21, 2026

Court rules micro-captives not listed transactions
A judge ruled the IRS can't classify micro-captive insurance as a listed transaction, but allowed classifying it as a "transaction of interest."

Accounting Today
Apr 21, 2026

Insurers eyeing AI risk at CPA firms
While the specific impacts are still being determined, professional liability insurers that cover CPA firms increasingly are coming to a consensus that AI is a source of risk that must be controlled by strong governance.

Accounting Today
Apr 21, 2026

Kentucky passes CPA pathway bill
Kentucky has become the latest state to pass legislation offering an alternative pathway to qualifying for a CPA license to broaden the talent pipeline.

Accounting Today
Apr 21, 2026

Prediction markets step up lobbying to fight stricter rules
Officials in some states are seeking to regulate prediction markets like casinos, requiring the companies to apply for state licenses and pay state taxes.

Accounting Today
Apr 21, 2026

Where smart CPA firms are getting stuck
The firms that survive and thrive in the next 10 years won't be the ones with a great strategy alone.

Accounting Today
Apr 20, 2026

US opens portal for tariff refund claims
Businesses can file their claims for refunds on the tariffs they paid under the emergency powers that the Supreme Court has since ruled unconstitutional.

Accounting Today
Apr 20, 2026

Ineligible businesses getting payroll tax credits
Small businesses that don't qualify for a payroll tax break are still receiving it, despite the IRS's efforts to stop them, according to a new report.

Accounting Today
Apr 20, 2026

IRS updates guidance on educational assistance programs
The IRS posted an updated fact sheet on the tax rules surrounding educational assistance benefits after the passage of the One Big Beautiful Bill Act.

Accounting Today
Apr 20, 2026

Balancing executive incentives with tax penalties
Golden parachutes remain a popular strategy for aligning executive and shareholders' interests in corporate transactions but can trigger significant tax penalties.

Accounting Today
Apr 20, 2026

Measuring and managing your firm's technology
Two dozen KPIs to help you figure out if your accounting firm is getting good value from its tech investments.

Accounting Today
Apr 20, 2026

Hong Kong Exchange tightens rules to avoid auditor shopping
Hong Kong listed companies must now obtain shareholder approval to change auditors, part of a regulatory push to bolster corporate governance and transparency.

Accounting Today
Apr 20, 2026

Short seller targets AQR backer over tax-loss harvesting
A short seller is taking aim at the more than $1 trillion that's invested in strategies that reduce taxes for the rich — putting one of the U.S.' most staid money managers in its crosshairs.

Accounting Today
Apr 20, 2026

SEC's power to recoup illicit profits challenged at Supreme Court
Critics say the SEC is using disgorgement to enrich the Treasury, rather than compensate victims.

Accounting Today
Apr 20, 2026

Becoming greater than the sum of your parts
Alan Whitman of Nichols Cauley looks at the factors that inform the way firms will grow in the future, and the strategies that will support them.

Accounting Today
Apr 17, 2026

FASB plans changes in crypto accounting
The Financial Accounting Standards Board met to discuss accounting for transfers of crypto assets and disclosures around digital assets such as stablecoins.

Accounting Today
Apr 17, 2026

IRS encourages whistleblowers to report fraud at tax-exempt groups
The IRS is asking for whistleblowers to report misuse, diversion or fraudulent use of federal funds by nonprofits, individuals and businesses.

Accounting Today
Apr 17, 2026

On the move: CBIZ names new CIO/CTO
CohnReznick adds chief administration and transformation officer; HCVT opens Denver metro office; and more news from across the profession.

Accounting Today
Apr 17, 2026

Tech news: Xero announces Xero OS
Plus, Tieout announces launch; LogicGate touts Config Newton, an agentic GRC Engineer; and other news and updates from the accounting tech world.

Accounting Today
Apr 17, 2026

Tech news: Xero announces XeroOS
Plus, Tieout announces launch; LogicGate touts Config Newton, an agentic GRC Engineer; and other news and updates from the accounting tech world.

Accounting Today
Apr 17, 2026

Protect margins and retain talent in a rising wage era
This year alone, minimum wages increased in 19 states and dozens of cities and counties, reflecting a broader national shift toward higher baseline pay.

Accounting Today
Apr 17, 2026

Trump says Mamdani 'destroying' NY as mayor vows tax hikes
President Trump assailed New York Mayor Zohran Mamdani, warning that his push to ramp up taxes on the wealthy would be destructive to the nation's largest city.

Accounting Today
Apr 17, 2026

States rush to build clean energy projects to tap expiring incentives
U.S. states are moving to establish a pipeline of large-scale renewable energy projects that can qualify for billions of dollars in expiring federal tax credits.

Accounting Today
Apr 17, 2026

NYC's second-home tax unites Mamdani, Hochul after budget fights
Governor Kathy Hochul and New York City Mayor Zohran Mamdani have finally found a tax to agree on. Getting everyone else on board stands to be more complicated.

Accounting Today
Apr 16, 2026

Lawmakers propose tax and IRS bills as filing season ends
Senators introduced several pieces of tax-related legislation this week, including measures aimed at improving customer service at the Internal Revenue Service, cracking down on tax evasion and curbing the carried interest tax break, in addition to efforts in the House to repeal the Corporate Transparency Act.

Accounting Today
Apr 16, 2026

Lack of governance coordination on AI costing companies
While organizations are pouring incredible amounts of money into AI, lack of strong governance and coordination between leaders has blunted the effectiveness of these investments or even lost them money.

Accounting Today
Apr 16, 2026

IRS creates online tax debt tool
The Internal Revenue Service introduced an online Tax Debt Help tool, the day after the tax deadline, to help taxpayers understand and resolve their tax debts.

Accounting Today
Apr 16, 2026

Tax Fraud Blotter: A little off the sides
Failed election campaign; six-figure salary; online scam; and other highlights of recent tax cases.

Accounting Today
Apr 16, 2026

Offshoring vs. outsourcing accounting and tax work
Understanding the differences and setting expectations properly can make or break a successful engagement.

Accounting Today
Apr 16, 2026

Offshoring vs. outsourcing your accounting and tax work
Understanding the differences and setting expectations properly can make or break a successful engagement.

Accounting Today
Apr 16, 2026

Mythos poses risk to SEC market-tracking database, group says
Anthropic's new AI model could put traders and the broader financial system at risk through the Consolidated Audit Trail, the American Securities Association said.

Accounting Today
Apr 15, 2026

Accountants worried about war in Iran
Global economic confidence has been shaken by the war in Iran and surrounding countries, according to a new survey of accountants.

Accounting Today
Apr 15, 2026

Execs adjust to volatility in second Trump administration
U.S. executives are gradually finding their footing 15 months into the second Trump administration, according to a new survey from PricewaterhouseCoopers, although it hasn't been easy.

Accounting Today
Apr 15, 2026

Only 18% of organizations track AI ROI
While the majority of professional service organizations routinely use generative AI, few are measuring their ROI, and when they do it is often centered around internal metrics versus business performance.

Accounting Today
Apr 15, 2026

Protect clients from post-closure payroll tax notices
When business clients no longer need employer tax accounts, they need to close those accounts properly so they are no longer responsible for them.

Accounting Today
Apr 15, 2026

IRS CEO touts successful tax season despite cutbacks
Frank Bisignano testified on Tax Day during a Senate hearing about this past filing season and how IRS operations were affected by the new tax deductions.

Accounting Today
Apr 15, 2026

Most PCAOB-registered firms don't do audits
In its 2025 annual report, the PCAOB found that 60% of registered firms did not perform issuer, broker-dealer or substantial-role audits.

Accounting Today
Apr 15, 2026

Atkins faces ticking clock as he reshapes rules for Wall Street
SEC chair Paul Atkins plans to release about 30 rule proposals this year. More than two-thirds will be related to corporate finance, such as scaling back corporate disclosures.

Accounting Today
Apr 15, 2026

NJ lawmaker seeks to lift SALT cap
Josh Gottheimer is looking to roughly double the cap on state and local tax deductions, in a bid to secure more savings for residents in high-tax states.

Accounting Today
Apr 15, 2026

Trump urges 'slim' spending bill, downplays new tax cuts
Trump downplayed the likelihood that Republican lawmakers will be able to add tax cuts or other economic priorities to entice voters ahead of the midterms.

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