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For accountants and auditors, the elimination of the penny will affect reconciliation, system configuration and compliance reporting.

The firm, which now has more than 500 partners, said its deals practice shrank 4% and its audit unit was down 3.7%, while its tax business grew 3.4%.

Carcaught; a big shank; this order's definitely to go; and other highlights of recent tax cases.

A tweak to the deductibility of gambling losses may not bring in a lot of tax revenue, but it could certainly alter a lot of wagers next year.

A study found that students underestimate the audit profession's attractive aspects and overestimate its less appealing aspects.

Adding AI shouldn't be about throwing automation at a problem. It's more about how accountants use it evolve.

The law requires the IRS to provide a clear explanation of tax-filing errors to taxpayers on its math error notices.

Hill, Barth & King has expanded to Maryland by acquiring McLean, Koehler, Sparks & Hammond.

The USO's Accountants Salute the Troops Council aims to bring the accounting firms together to raise $250,000 in funding by July 4, 2026.

As part of a tie-up with Thrive Holdings, OpenAI will work with Thrive to speed up business adoption of AI, starting with accounting and IT services.