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Latest Articles

Billionaires Flood Final Stretch with $50M to Sink Prop. 40, California’s Wealth Tax

Taxes October 30, 2026 

Billionaires Flood Final Stretch with $50M to Sink Prop. 40, California’s Wealth Tax

A billionaire-backed group fighting Proposition 40 spent more than $50 million over the past week on efforts to thwart the wealth tax.

Featured Articles

October 30, 2026  

Average Checking Account Balance in U.S. May Surprise You

October 29, 2026  

3 Cybersecurity Priorities Before Tax Season 

October 29, 2026  

AICPA Proposes Update of SOC 2 Trust Services Criteria to Enhance the Relevance, Usability and Value of CPAs’ Reports

October 29, 2026  

Illinois Gov. JB Pritzker Again Takes Dim View of Chicago Mayor’s Head Tax Plan

October 29, 2026  

Do These 5 Things Before the End of 2026, IRS Urges
U.S. Justice Department and 16 States File Antitrust Lawsuit Against Apple

March 21, 2024 

U.S. Justice Department and 16 States File Antitrust Lawsuit Against Apple

The U.S. Justice Department and 16 attorneys general sued Apple Inc., accusing the iPhone maker of violating antitrust laws by blocking rivals from accessing hardware and software features on its popular devices.

The Most Complex States for Personal Property Tax Compliance

Taxes March 21, 2024 

The Most Complex States for Personal Property Tax Compliance

Filing property tax returns is the first hurdle your company must overcome if you do business in any of the 37 states that tax tangible personal property.

New AI Options in Fyle Let Accountants Collect Receipts and Expenses Via Text

Technology March 21, 2024 

New AI Options in Fyle Let Accountants Collect Receipts and Expenses Via Text

Fyle's AI creates and matches expenses to the correct transactions, prompting users via text to provide essential details like Projects, Cost Centers, and Categories, ensuring precise AI-based coding.

Isaac M. O'Bannon

Seller Ledger Offers New Ecommerce Accounting Option

Small Business March 21, 2024 

Seller Ledger Offers New Ecommerce Accounting Option

Seller Ledger's software connects directly with sales channels like eBay and Amazon to import sales information and transaction fees by the platform.

Isaac M. O'Bannon

New FASB Standard Clarifies Guidance on Profits Interest Awards

Accounting March 21, 2024 

New FASB Standard Clarifies Guidance on Profits Interest Awards

ASU helps companies determine whether these types of awards should be accounted for as share-based payment arrangements.

Jason Bramwell

The New Tax Court Limited Partnership Ruling: What to Know

Legislation March 21, 2024 

The New Tax Court Limited Partnership Ruling: What to Know

The U.S. Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership.

Texans Are Leading the Way So Far on IRS Direct File Program

Taxes March 21, 2024 

Texans Are Leading the Way So Far on IRS Direct File Program

While the exact number was not available, the Treasury Department says Texas has the most filers on a per capita basis.

 SAP Concur Enhances Travel and Expense Management

Accounting March 21, 2024 

SAP Concur Enhances Travel and Expense Management

The new booking experience in Concur Travel launched last August, featuring a consumer-grade user experience with a streamlined booking and checkout process.

Isaac M. O'Bannon

KPMG China’s Mishaps Result in Three Audit Partners Being Fined By the PCAOB

Auditing March 21, 2024 

KPMG China’s Mishaps Result in Three Audit Partners Being Fined By the PCAOB

The three KPMG Huazhen partners were docked a total of $150,000 for turning a blind eye to U.S. auditing standards.

Jason Bramwell

 Sam Bankman-Fried: 50-Year Sentence Only Suitable for a ‘Super Villain’

Digital Currency March 21, 2024 

Sam Bankman-Fried: 50-Year Sentence Only Suitable for a ‘Super Villain’

Prosecutors have argued that a sentence ranging from 40 to 50 years is necessary for the FTX co-founder’s “historic” crime.

 Retail Industry is Largest Private Employer Segment in U.S.

Small Business March 21, 2024 

Retail Industry is Largest Private Employer Segment in U.S.

The retail industry’s total labor income contribution was approximately $3 trillion, or 20% of total national labor income in 2022.

Isaac M. O'Bannon

FASB Taps EY Partner as New Technical Director

Accounting March 21, 2024 

FASB Taps EY Partner as New Technical Director

Jackson Day, who is currently a partner in professional practice at EY, will begin his new role at the FASB this July.

Jason Bramwell

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