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Article

Accounting Not Among Degrees Deemed ‘Professional’ in U.S. Education Department’s Final Rule

Accounting May 6, 2026 

Accounting Not Among Degrees Deemed ‘Professional’ in U.S. Education Department’s Final Rule

The final rule defines “professional students” as individuals enrolled in one of 11 designated professional degree programs under the One Big Beautiful Bill Act student loan classification system. Accounting isn't one of them.

Jason Bramwell

Featured Articles

May 6, 2026  

Ken Griffin Says He’s Doubling Down on Miami Amid Mamdani Feud Over Pied-à-Terre Tax

May 6, 2026  

Column: WNBA Star Kelsey Plum is Taking Heat for Getting California Tax Law Wrong. But Don’t Blame Her

May 6, 2026  

Washington Supreme Court Shuts Down Referendum Attempt Targeting ‘Millionaires Tax’

May 6, 2026  

What is the Maximum Social Security Tax You Must Pay on Your Earnings in 2026?

May 6, 2026  

An AI Bubble? Not So, Says This Leading Money Manager
Billionaires Pour Millions Into Ballot Fight Over California Wealth Tax

Taxes May 5, 2026 

Billionaires Pour Millions Into Ballot Fight Over California Wealth Tax

Fighting against the tax proposal is a who’s-who of billionaires, including Google co-founder Sergey Brin, who has given another $9 million to the group leading the battle, pushing his total spending to $66 million.

Xero Introduces ‘Xero Coaches’ to Help Small Businesses Turn Data Into Decisions

Small Business May 5, 2026 

Xero Introduces ‘Xero Coaches’ to Help Small Businesses Turn Data Into Decisions

Xero Coaches provides small businesses with onboarding support to help set up their accounts, streamline financial workflows, and gain clearer insight into their ongoing financial performance.

Jason Bramwell

Suralink Unveils Workpaper Suite Intelligence

Technology May 5, 2026 

Suralink Unveils Workpaper Suite Intelligence

Workpaper Suite Intelligence is a new set of capabilities within Suralink Workpaper Suite designed to improve how audit and engagement teams turn raw client data into completed workpapers.

Jason Bramwell

The R&D Tax Credit Window Is Closing: What CPAs Must Do Before July 6—and What Comes Next

Taxes May 5, 2026 

The R&D Tax Credit Window Is Closing: What CPAs Must Do Before July 6—and What Comes Next

Between now and July 6, firms have a narrow window to help eligible businesses revisit their R&D tax credit claims for prior years.

AICPA Urges OCC to Leverage Established Stablecoin Reporting and Controls Criteria in GENIUS Act Rulemaking

Accounting Standards May 5, 2026 

AICPA Urges OCC to Leverage Established Stablecoin Reporting and Controls Criteria in GENIUS Act Rulemaking

To address growing demand for clarity and consistency in stablecoin reporting, the AICPA released the 2025 Criteria for Stablecoin Reporting in two parts.

Billtrust Launches Buyer Payment Portal and Cash Forecast

Technology May 5, 2026 

Billtrust Launches Buyer Payment Portal and Cash Forecast

Billtrust's latest innovations address both challenges by directly connecting buyer payment behavior to cash flow intelligence.

Your Tech Stack Isn’t the Problem – Your Architecture Is

Technology May 5, 2026 

Your Tech Stack Isn’t the Problem – Your Architecture Is

The problem is how those tools relate to each other and to your firm’s strategy, workflows and people.

Marc Staut

Karbon Opens ‘The Loft,’ an Online Community and Training Platform for Accountants

Technology May 5, 2026 

Karbon Opens ‘The Loft,’ an Online Community and Training Platform for Accountants

The Loft is a professional community and training platform designed to help accountants and bookkeepers master artificial intelligence through peer collaboration and hands-on education.

Jason Bramwell

The AI Audit Your Firm Hasn’t Done: Hidden Costs That Could Hit Your Bottom Line

Artificial Intelligence May 5, 2026 

The AI Audit Your Firm Hasn’t Done: Hidden Costs That Could Hit Your Bottom Line

The potential hidden costs of AI in accounting firms are real, material, and worth a careful assessment.

Scott Carr

COSO Releases Guidance on Enterprise Risk Management

Risk Management May 5, 2026 

COSO Releases Guidance on Enterprise Risk Management

New research from the Committee of Sponsoring Organizations of the Treadway Commission outlines practical steps for moving enterprise risk management from documentation to action.

Jason Bramwell

Professionals on the Move – May 2026 Part 1

Accounting May 5, 2026 

Professionals on the Move – May 2026 Part 1

Professionals on the move is a collection of recent hiring, promotion, awards, and leadership changes from around the profession.

Mary Girsch-Bock

Musk Agrees to Pay $1.5 Million over SEC Twitter Stake Case

SEC May 5, 2026 

Musk Agrees to Pay $1.5 Million over SEC Twitter Stake Case

Elon Musk agreed to pay $1.5 million to settle Securities and Exchange Commission allegations that he cheated Twitter shareholders in 2022 by failing to properly disclose his growing stake in the social media company.

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