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While the majority of professional service organizations routinely use generative AI, few are measuring their ROI, and when they do it is often centered around internal metrics versus business performance.

When business clients no longer need employer tax accounts, they need to close those accounts properly so they are no longer responsible for them.

Frank Bisignano testified on Tax Day during a Senate hearing about this past filing season and how IRS operations were affected by the new tax deductions.

In its 2025 annual report, the PCAOB found that 60% of registered firms did not perform issuer, broker-dealer or substantial-role audits.

SEC chair Paul Atkins plans to release about 30 rule proposals this year. More than two-thirds will be related to corporate finance, such as scaling back corporate disclosures.

Josh Gottheimer is looking to roughly double the cap on state and local tax deductions, in a bid to secure more savings for residents in high-tax states.

Trump downplayed the likelihood that Republican lawmakers will be able to add tax cuts or other economic priorities to entice voters ahead of the midterms.

Wall Street strategists expect a robust increase in the Treasury's coffers this week as Americans pay their taxes.

The second-home plan is expected to be part of ongoing state budget negotiations and would levy a yearly surcharge on pied-à-terres.

Americans rushing to meet the tax deadline are getting bigger refunds on average thanks to Trump's tax law, though the savings are falling short of his promises.

IRS automated systems handle things a little differently than human examiners and practitioners should be aware of the differences.

The Internal Revenue Service rarely penalizes taxpayers who have high balances in foreign bank accounts and fail to file the proper forms, according to a new report.

The Senate Finance Committee ranking member introduced two bills cracking down on grantor retained annuity trusts and private placement life insurance.

IT hygiene; final tally; movements in the U.S. dollar; and other highlights from our favorite tax bloggers.

The theme of this year's survey is "Caught in the Middle," exploring how caregiving responsibilities, as well as other responsibilities outside work, affect accounting professionals navigating their careers.

The Internal Revenue Service will need to be ready for a wave of tax return filings from procrastinating taxpayers, as well as requests for extensions.

From spotting anomalies to enhancing accuracy to streamlining client communication, tax preparers are no longer being bogged down by operational inefficiencies.

The U.K. arm of the Big Four accountancy firm is merging its consulting and risk divisions, shrinking its offering from five service lines to four.

Fraudsters have been active again this tax season, but the increasing power of artificial intelligence is helping supercharge the danger of tax scams.

The IRS's Office of Professional Responsibility warned tax preparers of endorsing or negotiating taxpayers' federal refunds.