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The findings come after a net loss of $31.7 million for the first quarter, which ended with cash, cash equivalents and short-term investments of $759 million.

House Republicans are struggling to resolve issues with President Trump's multitrillion-dollar tax package, including the SALT deduction.

The committee also proposes limiting states' ability to pay their share of Medicaid by placing a moratorium on new or increased taxes on medical providers.

Billions of dollars allocated under former President Biden's Inflation Reduction Act would be rescinded under a portion of Trump's sweeping tax package.

The proposal calls for increasing the maximum child tax credit to $2,500 and raising the estate tax exemption to $15 million.

Artificial intelligence has led tech-forward firms to be more efficient and productive, but firms have found it still struggles with precision and accuracy.

The debate over state and local tax deductions has been a thorny fight because it's a political priority for a small but vocal group of Republicans.

The proposal would create a tiered system of taxation so that wealthy colleges and universities pay more as the size of their endowment grows.

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Plus, EY announces Integrated Finance Managed Service; Ignition debuts AutoCollect solution; and other accounting tech news and updates.