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President Trump has removed Billy Long as commissioner of the Internal Revenue Service in the latest sign of turmoil at the embattled agency.
The One Big Beautiful Bill Act is sparking questions among employees and payroll departments about how to handle tax breaks such as overtime pay.
A third of accountants conceded in a survey they would not be able to recognize an AI-generated fake receipt if it came across their desk.
Plus, Stampli launches a solution for AP automation; PwC buys a fintech consultancy; and other accounting tech updates.
The Bonadio Group holds annual firmwide Purpose Day; Eide Bailly refreshes brand; and more news from across the profession.
The Internal Revenue Service won't be changing information returns and withholding tables for 2025 for the OBBA, but changes are coming next year.