Taxes February 13, 2026
Tax Court Slams Brakes on Charitable Deduction
The Tax Court immediately nixed the deduction because of the inadequate substantiation and the lack of any appraisal for high-income items.
Auditing May 7, 2025
AI Adoption by Internal Auditors Set to Double by 2026, Survey Finds
Artificial intelligence is set to transform internal audit in 2026, with adoption expected to double next year to 80% from its current adoption rate among internal auditors of 39%, according to new research from Wolters Kluwer.
Technology May 7, 2025
AvidXchange to Be Acquired By Corpay and TBG in $2.2 Billion Deal
Asset management firm TBG will acquire a majority stake in AP automation software provider AvidXchange, while corporate payments provider Corpay will acquire a minority share.
Taxes May 7, 2025
Feds’ Latest Tool in Push to Curb Immigration: Workers’ Tax IDs
A recent agreement between the IRS and U.S. Immigration and Customs Enforcement to share immigrants’ tax information has raised growing concern about how data tied to ITINs and their holders might be used.
Accounting May 7, 2025
Half of C-Suite Executives Considering Cuts in Their Function in the Second Quarter of 2025
Half of C-suite executives are considering cuts to their function in the second quarter of 2025 in anticipation of continued disruption of supply chains, decreased consumer demand, and inflation.
Accounting May 7, 2025
Finance Teams Cautiously Embrace AI and Rethink ROI
A new report shows that, while 66% of organizations have invested in AI, many are still determining how to measure its value.
Taxes May 7, 2025
The Tax Blotter – May 2025
Along with casualty losses, deductions for personal theft losses remain suspended at least through the end of the year, although there are certain exceptions.
Small Business May 7, 2025
Magnolia Bank Launches LiaFi Fintech Solution for SMBs
LiaFi gives business owners a better way to manage and earn income on their cash.
General News May 6, 2025
Student Loan Collections Start This Week
Starting Monday, the government will resume collections on federal student loans that are more than 270 days past due.
Firm Management May 6, 2025
PwC RIF’d About 2% of Its U.S. Workforce
Fresh off the launch of its new logo comes a fresh round of layoffs at PwC, as the Big Four accounting firm is letting go of about 1,500 U.S. employees this week.
Mergers and Acquisitions May 6, 2025
Group of Accounting Firms From Around the Country Unite to Form Sorren
The top 50 largest accounting firms in the U.S. have a new contender in the mix. Thirteen accounting firms from across the country have combined under the new brand name Sorren.
Accounting May 6, 2025
Nearly Three-Quarters of Accounting Master’s Programs Report an Increase in Applications
New data from the Graduate Management Admission Council (GMAC), an association of leading graduate business schools, shows strong growth in applications to Master of Accounting programs.
CAS May 6, 2025
How to Increase Revenue without Increasing Clients
One of the main goals of any business is to grow revenue, but the real challenge is to determine the proper strategy to do just that. Ultimately, it’s a math equation—music to any accountant’s ears.