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 NEWS: ACCOUNTING TODAY
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   NEWS: ACCOUNTING TODAY
Accounting Today
Jul 08, 2025

IRS allows churches to endorse political candidates
The Internal Revenue Service has given churches and other houses of worship the green light to endorse political candidates.

Accounting Today
Jul 08, 2025

In the blogs: It is done
OBBBA and gambling; a billing lesson from bookkeeping; BOI 2.0; and other highlights from our favorite tax bloggers.

Accounting Today
Jul 08, 2025

Supreme Court lets Trump proceed with broad workforce cuts, including IRS
The U.S. Supreme Court let President Trump move ahead with plans to dramatically reduce the size of the federal government.

Accounting Today
Jul 08, 2025

IAASB revises auditor fraud standard
The International Auditing and Assurance Standards Board has revised its standard on the auditor's responsibilities relating to fraud.

Accounting Today
Jul 08, 2025

CFO optimism dropped in Q2
The number of CFOs who say now is a good time to take greater risks plummeted to 33% in the second quarter, down from 60% in Q1, according to a Deloitte survey.

Accounting Today
Jul 08, 2025

New scams, new weapons to fight client ID theft
The IRS is warning tax professionals about a host of new and resurgent fraud schemes.

Accounting Today
Jul 08, 2025

CohnReznick acquires Piascik
The Top 25 Firm based in New York is expanding to Richmond, Virginia, by combining with a firm with specialized tax services.

Accounting Today
Jul 08, 2025

CohnReznick merges in Piascik
The Top 25 Firm based in New York is expanding to Richmond, Virginia, by adding a firm with specialized tax services, effective July 1.

Accounting Today
Jul 08, 2025

Pros and cons of the Big Beautiful Bill
From bonus depreciation and R&E expensing to the higher standard deduction, the Trump tax bill covers a lot of ground.

Accounting Today
Jul 08, 2025

How to market financial services to younger generations
Now is an excellent time to expand your horizons and target millennials and Generation Z.

Accounting Today
Jul 08, 2025

Trump orders stricter enforcement of clean energy tax rules
Solar and wind projects that already had been pared back by Trump's $3.4 trillion budget bill designed to end green energy incentives.

Accounting Today
Jul 07, 2025

Firms on Windows 10 will get more time before support runs out
The impending end of support for Windows 10 has been delayed, giving accounting firms a little more time to make upgrades before it is officially obsolete.

Accounting Today
Jul 07, 2025

Wall Street builds 'no dividend' fund in new tax dodge
Asset managers are building products that give investors more control over when — and whether — they owe taxes.

Accounting Today
Jul 07, 2025

S&P sees Trump tax law hurting states and hospitals
The bill is expected to push almost 12 million Americans off their health insurance, creating long-term financial issues for states and health-care providers.

Accounting Today
Jul 07, 2025

S&P sees Trump tax law hurting states, hospitals
The bill is expected to push almost 12 million Americans off their health insurance, creating long-term financial issues for states and health-care providers.

Accounting Today
Jul 07, 2025

Notre Dame loses protection from endowment tax in GOP bill
A loophole for religious schools was removed from the final tax bill, leaving the Indiana-based school to pay a higher levy on its $20 billion endowment.

Accounting Today
Jul 07, 2025

IRS obsoletes 83 pieces of old guidance
The Internal Revenue Service has declared 83 pieces of old guidance in the Internal Revenue Bulletin to be obsolete in accordance with Trump executive orders.

Accounting Today
Jul 07, 2025

PCAOB highlights good client acceptance practices
The Public Company Accounting Oversight Board gave reminders for auditors who audit smaller public companies in its latest staff publication.

Accounting Today
Jul 07, 2025

PCAOB posts engagement acceptance reminders
The Public Company Accounting Oversight Board gave reminders for auditors who audit smaller public companies in its latest staff publication, "Audit Focus: Engagement Acceptance."

Accounting Today
Jul 07, 2025

IRS urged to improve tracking of seized digital assets
The IRS's Criminal Investigation division needs to do a better job of keeping track of the billions of dollars in cryptocurrency, says TIGTA.

Accounting Today
Jul 07, 2025

Managing stress at your firm
Kristy Short shares best practices for keeping your staff — and yourself — from burning out.

Accounting Today
Jul 07, 2025

AICPA cautions IRS on transition away from paper checks
The American Institute of CPAs hopes to smooth the Trump administration's move away from paper tax refunds at the Internal Revenue Service.

Accounting Today
Jul 07, 2025

AICPA recommends careful IRS transition away from paper checks
The American Institute of CPAs hopes to smooth the administration's transition away from paper tax refunds at the Internal Revenue Service.

Accounting Today
Jul 07, 2025

Ed Mendlowitz is why accounting is great
Accountants like Ed are as dedicated to helping their peers in the profession as they are to helping their clients.

Accounting Today
Jul 07, 2025

The next frontier in accounting: Autonomous AI agents
This powerful technology, capable of autonomously managing multiple accounting tasks, demands careful and responsible implementation.

Accounting Today
Jul 07, 2025

Who won and lost in Trump's tax bill
Business investors and wealthy Americans are among the biggest winners. Those hit the hardest include elite universities, who face new levies, and immigrants.

Accounting Today
Jul 07, 2025

Trump signs tax-cut and funding bill at White House ceremony
President Trump signed his $3.4 trillion budget bill into law, enshrining an extension of tax cuts, temporary new breaks for tipped workers and funds for an immigration crackdown.

Accounting Today
Jul 03, 2025

Tax Fraud Blotter: No solution
Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases.

Accounting Today
Jul 03, 2025

On the move: Nisivoccia wins President's Award for advocacy work
New FICPA chair begins tenure; Blue & Co. opens new office in Chattanooga; and more news from across the profession.

Accounting Today
Jul 03, 2025

Trump wins broad economic policy shift as House passes tax bill
President Donald Trump secured a sweeping shift in U.S. domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs and reverses much of Joe Biden's efforts to move the country toward a clean-energy economy.

Accounting Today
Jul 03, 2025

Congress passes Trump tax bill
House Republicans passed the wide-ranging Trump tax legislation dubbed the One Big Beautiful Bill Act, overcoming resistance from a group of GOP holdouts and united opposition from Democrats.

Accounting Today
Jul 03, 2025

Tech news: Wolters Kluwer adds document summaries, tool directory to CCH AnswerConnect
Plus, FileAI announces V2 platform launch; Foxit launches PDF and Document Workflow APIs; and other accounting tech updates.

Accounting Today
Jul 03, 2025

AICPA proposes to toughen auditors' responsibilities for spotting fraud
The American Institute of CPAs' Auditing Standards Board is looking for feedback on a proposed standard updating auditors' responsibilities related to fraud.

Accounting Today
Jul 03, 2025

Employers added 147K jobs in June, including 200 in accounting
The jobs report beat expectations, while the unemployment rate dipped one-tenth of a percentage point to 4.1%.

Accounting Today
Jul 03, 2025

Practice Profile: Art appreciation
The art practice of New York City accounting firm LMC helps clients go from "starving" to successful artists in need of the firm's tax and advisory services.

Accounting Today
Jul 03, 2025

House Republicans clear critical hurdle in Trump tax bill debate
The bill includes tax cuts Republicans campaigned on, a phase-out of Biden-era clean energy incentives and funding for the president's crackdown on illegal immigration.

Accounting Today
Jul 02, 2025

In the blogs: Get yourself ready
Preparing for OBBBA; your firm: the next generation; courage and foolishness; and other highlights from our favorite tax bloggers.

Accounting Today
Jul 02, 2025

Trump's tax bill set to help SoFi, other private student lenders
The bill limits how much students and their parents can borrow for college from the government.

Accounting Today
Jul 02, 2025

CPA develops tools for accountants with dentist, veterinarian clients
Bassim Michael has created Practice Gauge, a cloud-based analytics platform for his fellow accountants to use with their dentistry and veterinary clients.

Accounting Today
Jul 02, 2025

Inside the Senate version of the OBBBA
A look at the key tax provisions of the semi-final version of the Trump administration's One Big Beautiful Bill Act.

Accounting Today
Jul 02, 2025

Want cheaper solar panels, home batteries or a heat pump? Better act soon
The Senate's passage of legislation to eliminate incentives for clean energy means homeowners likely have until the end of the year before costs soar.

Accounting Today
Jul 02, 2025

Want cheaper solar panels? Better act soon
The Senate's passage of legislation to eliminate incentives for clean energy means homeowners likely have until the end of the year before costs soar.

Accounting Today
Jul 02, 2025

Why check fraud is on the rise in 2025 and tech's response
Now more than ever, businesses globally have become increasingly susceptible to financial fraud.

Accounting Today
Jul 02, 2025

Tech's response to the rise of check fraud
Now more than ever, businesses globally have become increasingly susceptible to financial fraud.

Accounting Today
Jul 02, 2025

Private sector loses 33K jobs
Private sector employers cut 33,000 jobs in June, the first decline in over two years, while annual pay grew 4.4% year-over-year, payroll giant ADP reported.

Accounting Today
Jul 02, 2025

Private sector lost 33K jobs in June
Private sector employers cut 33,000 jobs in June, the first decline in over two years, while annual pay grew 4.4% year-over-year, payroll giant ADP reported.

Accounting Today
Jul 02, 2025

House GOP hardliners warn of a delay to tax vote
President Trump is meeting with a faction of conservative lawmakers at the White House who have threatened to sink his signature tax legislation.

Accounting Today
Jul 02, 2025

House Republican hardliners warn of a delay to tax vote
President Trump is meeting with a faction of conservative lawmakers at the White House who have threatened to sink his signature tax legislation.

Accounting Today
Jul 02, 2025

Armanino planning data warehouse, used AI to help development
The Top 25 Firm plans to launch a data warehouse service for smaller organizations this year and has been using AI to develop some of its rollout strategies.

Accounting Today
Jul 02, 2025

Armanino uses AI to develop data warehouse service
The Top 25 Firm plans to launch a data warehouse service for smaller organizations this year and has been using AI to develop some of its rollout strategies.

Accounting Today
Jul 02, 2025

Security, simplicity and digitization should be IRS priorities: ETAAC
The Internal Revenue Service's Electronic Tax Administration Advisory Committee delivered its annual recommendations.

Accounting Today
Jul 02, 2025

CFOs split on impact of Trump tax bill
But tariffs and the impact of government debt on the economy remain major concerns, according to a Grant Thornton survey.

Accounting Today
Jul 02, 2025

North Carolina signs licensure changes bill into law
North Carolina Gov. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan. 1, 2026.

Accounting Today
Jul 02, 2025

The VAR 100: Keeping clients up to date
The top accounting software resellers of 2025 share the major trends they're seeing, from upgrading to new ERP systems, making the most of old ones, and much more.

Accounting Today
Jul 02, 2025

Boomer's Blueprint: Engagement is a competitive necessity
Loyal clients and motivated employees lead to innovation, improved services, and enhanced reputation, all of which drive further engagement.

Accounting Today
Jul 01, 2025

M&A roundup: LMC, Sorren and Alpine Mar expand
LMC merges in Kepniss; Sorren adds Williams Overman Pierce; and Alpine Mar acquires Elliot Melamed.

Accounting Today
Jul 01, 2025

IESBA tax planning ethics standards take effect
The first global Ethics Standards on Tax Planning are effective.

Accounting Today
Jul 01, 2025

What's in the Trump tax bill that just passed the Senate
President Donald Trump's multitrillion-dollar tax and spending package moved closer to reality after it passed the Senate.

Accounting Today
Jul 01, 2025

UHY adds Ohio firm
Top 50 Firm UHY added Cincinnati-based firm Flynn & Company, expanding its reach into Ohio.

Accounting Today
Jul 01, 2025

Small business jobs and wages held steady in June
Job and wage growth at small businesses remained stable in June, despite some moderation, payroll company Paychex reported.

Accounting Today
Jul 01, 2025

Trump's tax bill passes Senate as Republicans notch major win
The $3.3 trillion tax and spending cut bill passed the Senate after a furious push by Republican leaders to persuade holdouts to back the legislation.

Accounting Today
Jul 01, 2025

Senate passes Trump tax bill
The Senate narrowly approved President Trump's tax bill after Vice President JD Vance cast a tie-breaking vote following no votes from three Republican senators.

Accounting Today
Jul 01, 2025

A strategic reset in federal financial auditing
The Office of Management and Budget is calling for a major overhaul in how federal agencies conduct financial audits.

Accounting Today
Jul 01, 2025

Ascend adds two East Coast firms
Ascend added two more CPA firms: BGW in Charlotte, North Carolina, and Tronconi Segarra & Associates in Williamsville, New York, effective July 1.

Accounting Today
Jul 01, 2025

Senate strips AI provision from tax bill
In a 99-1 vote, the Senate killed a controversial effort to prevent U.S. states from regulating artificial intelligence.

Accounting Today
Jul 01, 2025

Senate votes 99-1 to strip AI provision from Trump's tax bill
The Senate killed a controversial effort to prevent U.S. states from regulating artificial intelligence.

Accounting Today
Jul 01, 2025

Musk bashes tax bill, reigniting feud with Trump
After Musk criticized the administration's tax bill, Trump threatened to withdraw government subsidies from Musk's companies and examine his immigration status.

Accounting Today
Jul 01, 2025

Trump-Musk battle restarts after billionaire bashes tax bill
Trump threatened to withdraw government subsidies from Musk's companies and examine the billionaire's immigration status after he criticized the tax bill.

Accounting Today
Jul 01, 2025

Senate leaders pressure holdouts ahead of tax bill vote
The Senate worked through the night on the $3.3 trillion tax and spending package, with Republican leaders still negotiating with key GOP holdouts into the morning.

Accounting Today
Jul 01, 2025

Senate leaders pressure holdouts ahead of Trump tax bill vote
The Senate worked through the night on the $3.3 trillion tax and spending package, with Republican leaders still negotiating with key GOP holdouts into the morning.

Accounting Today
Jul 01, 2025

Fighting the IRS: Pick your windmills
Helping clients through tax controversy cases with the IRS means knowing which battles are winnable.

Accounting Today
Jul 01, 2025

Giving OICs a bad name
Offer in compromise mills make promises to reduce taxpayers' debt to the IRS that they know they can't keep.

Accounting Today
Jun 30, 2025

Bill releases AR solution for suppliers
Bill announced the launch of its new Supplier Payments Plus, an AR solution to help suppliers receive and process large numbers of payments from small and medium-sized businesses.

Accounting Today
Jun 30, 2025

ASL adds talent hub in India
Abbott, Stringham & Lynch launched a talent hub in Hyderabad, India, called ASL Global Advisors Private Limited on June 23.

Accounting Today
Jun 30, 2025

How to make sense of the bumpy political road for municipal bonds
Politics are playing an outsize role in portfolio management. Here's how experts see the fixed-income sector changing under the pending One Big Beautiful Bill Act.

Accounting Today
Jun 30, 2025

PwC's AI chief says firm has cut prices as tech saves staff time
The price cuts speak to a long-held belief among some AI experts that the widespread proliferation will eventually lead to consumers paying less for products.

Accounting Today
Jun 30, 2025

PwC's AI chief: Firm has cut prices as tech saves staff time
The price cuts speak to a long-held belief among some AI experts that the widespread proliferation will eventually lead to consumers paying less for products.

Accounting Today
Jun 30, 2025

PwC names batch of new Hong Kong, China partners to revive firm
PricewaterhouseCoopers LLP named more than 20 new partners in Greater China as the firm seeks to reboot its business following Evergrande collapse.

Accounting Today
Jun 30, 2025

PwC names new Hong Kong, China partners to revive firm
PricewaterhouseCoopers LLP named more than 20 new partners in Greater China as the firm seeks to reboot its business following Evergrande collapse.

Accounting Today
Jun 30, 2025

Why accountants can't stop thinking about work (and what to do about it)
The Zeigarnik Effect tells us that unfinished tasks occupy more space in the human brain than completed ones.

Accounting Today
Jun 30, 2025

Why accountants can't stop thinking about work — and what to do about it
The Zeigarnik Effect tells us that unfinished tasks occupy more space in the human brain than completed ones.

Accounting Today
Jun 30, 2025

Senate bill preserves pass-through entity deduction
The Senate made adjustments to preserve the state and local tax deduction for pass-through entities such as accounting firms.

Accounting Today
Jun 30, 2025

Trump, Republicans rush to overcome internal clashes on tax bill
Senate Republicans remain at odds over how much to cut Medicaid and other social safety-net programs and how rapidly to end Biden-era clean energy tax breaks.

Accounting Today
Jun 30, 2025

SCOTUS rebuffs bid to protect Coinbase user data from IRS
The U.S. Supreme Court refused to question an IRS summons that forced Coinbase to turn over transaction information for over 14,000 cryptocurrency customers.

Accounting Today
Jun 30, 2025

Supreme Court rebuffs bid to protect Coinbase user data from IRS
The U.S. Supreme Court refused to question an IRS summons that forced Coinbase to turn over transaction information for over 14,000 cryptocurrency customers.

Accounting Today
Jun 30, 2025

Republicans agree to mask $3.8 trillion of Trump tax bill costs
GOP senators voted in favor of the plan to count the extension of Trump's 2017 tax cuts as costing nothing by using an unprecedented accounting maneuver.

Accounting Today
Jun 30, 2025

Accounting maneuver could mask $3.8T of Trump tax bill costs
GOP senators voted in favor of the plan to count the extension of Trump's 2017 tax cuts as costing nothing by using an unprecedented accounting maneuver.

Accounting Today
Jun 30, 2025

Canada drops digital tax that infuriated Trump to restart trade talks
Canada has withdrawn its digital services tax on technology companies such as Meta and Alphabet in a move to restart trade talks with the U.S.

Accounting Today
Jun 30, 2025

Canada drops digital tax to restart trade talks
On Friday, President Trump had said he was ending all trade discussions with Canada, one of its largest trading partners, in retaliation for the digital tax.

Accounting Today
Jun 30, 2025

Audit accelerates
Technology is driving transformation in audit at an ever-faster pace, says EY's Paul Goodhew.

Accounting Today
Jun 29, 2025

Senate GOP restores Medicaid cuts to Trump tax package
Senate Republicans restored major Medicaid cuts to Trump's signature economic legislation, re-fashioning a key provision to overcome a procedural obstacle.

Accounting Today
Jun 29, 2025

Trump tax bill advances in Senate after Vance pressures holdouts
The $4.5 trillion tax cut bill prevailed in a crucial Senate test vote after hours of negotiations between Vice President JD Vance, GOP leaders and Republican holdouts.

Accounting Today
Jun 29, 2025

Trump tax bill advances in Senate as GOP scrounges for votes
The $4.5 trillion tax cut bill prevailed in a crucial Senate test vote after hours of negotiations between Vice President JD Vance, GOP leaders and Republican holdouts.

Accounting Today
Jun 27, 2025

Trump ends trade talks with Canada, threatens to set tariff
President Trump said he was ending all trade discussions with Canada in retaliation for its digital services tax, and threatened to impose a fresh tariff rate.

Accounting Today
Jun 27, 2025

Senate GOP nears finish line on Trump's big, beautiful bill
Senate Republicans appear to be making progress in resolving differences with House Republicans in the state and local tax deduction and other matters.

Accounting Today
Jun 27, 2025

Trump speeds up tax bill deadline as tentative SALT deal reached
President Trump amped up pressure on Congress to speed the passage of his tax-cut bill as Republicans reached a tentative deal on the state and local tax deduction.

Accounting Today
Jun 27, 2025

Trump says July 4 tax bill deadline isn't final
The remarks give Republican negotiators additional breathing room as lawmakers remain at loggerheads over several issues in the massive economic package.

Accounting Today
Jun 27, 2025

Trump says July 4 tax-cut bill deadline isn't the 'end all' date
The remarks give Republican negotiators additional breathing room as lawmakers remain at loggerheads over several issues in the massive economic package.

Accounting Today
Jun 27, 2025

SCOTUS upholds $8.6B telecom subsidy fund
Voting 6-3, the justices rejected contentions that Congress unconstitutionally handed off its taxing powers.

Accounting Today
Jun 27, 2025

Supreme Court upholds $8.6B FCC telecom subsidy fund
Voting 6-3, the justices rejected contentions that Congress unconstitutionally handed off its taxing powers when it set up the program in 1976.

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