Former Securities and Exchange Chairman Richard Breeden, whose hedge fund holds roughly 2 percent of the shares of H&R Block, is seeking a seat on the board of the tax-prep giant. Breeden, who now heads Breeden Capital Management LLC, will be on the company's proxy ballot along with two others during a September election. Block has an 11-member board. In the wake of posting a year-end loss of $434 million, investor pressure has mounted to force management to sell the company.
The Governmental Accounting Standards Board debuted a series of videos to help officials understand the information included in government financial reports.
A judge ruled the IRS can't classify micro-captive insurance as a listed transaction, but allowed classifying it as a "transaction of interest."
While the specific impacts are still being determined, professional liability insurers that cover CPA firms increasingly are coming to a consensus that AI is a source of risk that must be controlled by strong governance.
Kentucky has become the latest state to pass legislation offering an alternative pathway to qualifying for a CPA license to broaden the talent pipeline.
Businesses can file their claims for refunds on the tariffs they paid under the emergency powers that the Supreme Court has since ruled unconstitutional.
Small businesses that don't qualify for a payroll tax break are still receiving it, despite the IRS's efforts to stop them, according to a new report.
