Taxes July 12, 2026
What the 2026 ‘Protect Your Clients; Protect Yourself’ Campaign Means for Your Firm this Summer
Get ready for next tax season with a real security program instead of a folder that only gets opened when an audit demands it.
Accounting May 13, 2025
Celery Secures $6.25 Million in Seed Funding to Modernize Internal Financial Controls
Celery replaces hours of manual reviews with intelligent audit agents that detect fraud, compliance risks, and financial inefficiencies in minutes.
Accounting May 12, 2025
FASB Issues Standard Clarifying Accounting Acquirer in a Business Combination
The Financial Accounting Standards Board published new rules on May 12 that the board says improve the requirements for identifying the accounting acquirer in FASB ASC Topic 805, Business Combinations.
Taxes May 12, 2025
IRS: No Change to Tax Interest Rates for Q3 of 2025
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on May 12.
Auditing May 12, 2025
PCAOB Gives Auditors More Video Resources on New Quality Control Standard
The PCAOB has posted a brand-new set of staff presentation videos designed to help audit firms and auditors implement four areas of their quality control system under QC 1000, A Firm’s System of Quality Control.
Taxes May 12, 2025
House Tax Bill Draft Calls for $30,000 SALT Cap, Leaves Out Millionaire Tax
The House Ways and Means Committee release of the tax measures, ahead of planned debate on the panel Tuesday, is a sign the Republican-controlled chamber is moving toward a floor vote this month on the legislation.
Taxes May 12, 2025
IRS Opens 2026 Low-Income Taxpayer Clinic Grant Application Period
Under Internal Revenue Code Section 7526, the IRS awards matching grants to qualifying organizations to develop, expand, or maintain an LITC. Eligible organizations may request up to $200,000 for the 2026 grant year.
Accounting May 12, 2025
12 Most Common Financial Reporting Mistakes in Nonprofits
Proper financial reporting is essential for not-for-profit organizations to maintain transparency, donor confidence, and regulatory compliance. But despite their best intentions, many NFPs consistently make critical errors in their financial statements.
Auditing May 12, 2025
Study: 73% of Global Companies Sought Assurance on Sustainability Reporting
A new report from the AICPA & CIMA and the International Federation of Accountants found that nearly three in four of the largest companies sought assurance on some aspect of their sustainability disclosures.
Accounting May 12, 2025
Crowe Expands OpenAI ChatGPT Enterprise Access
The top 15 accounting firm said it's one of the few firms in the profession to deploy ChatGPT Enterprise across all personnel, unlocking innovation and accelerating client outcomes.
Technology May 12, 2025
Avalara to Kick Off CRUSH on Tour in June
CRUSH on Tour—a new, free, one-day event series bringing Avalara's latest innovations directly to customers—will be held in Chicago and New York City next month, with additional cities to follow.
Payroll May 12, 2025
Trump Must Halt Mass Layoffs of Federal Workers, Judge Rules
President Donald Trump’s February executive order calling for a radical reorganization of the federal workforce likely violates the Constitution, U.S. District Court Judge Susan Illston said.
Small Business May 12, 2025
U.S., China to Slash Tariffs During 90-day Reprieve for Talks
The combined 145% U.S. levies on most Chinese imports will be reduced to 30% including the rate tied to fentanyl by May 14, while the 125% Chinese duties on U.S. goods will drop to 10%.