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The Public Company Accounting Oversight Board sanctioned Heaton & Co. and one of its partners, Kristofer Heaton, for failing to properly document five audits.

The Texas senator pitched Republican senators on ending the Federal Reserve's authority to pay interest to banks, claiming it would save $1.1 trillion over a decade.

The sale of federal land would provide billions of dollars to help pay for the massive package of tax cuts in the Senate's version of the bill.

A survey by the Center for Accounting Transformation found the most significant factor consistently associated with firm success is technological leadership.

Companies are desperate for ways to keep their quality of service high, even though they have smaller teams. Artificial intelligence (AI) is one possible answer.

The Securities and Exchange Commission is making plans in case it inherits the Public Company Accounting Oversight Board's duties if the tax bill passes.

U.S. accountants who advise small and midsized businesses are feeling less confident this year, according to a new survey.

A $30,000 cap on the state and local tax deduction would be a compromise between current law and the more generous limit in the House's version of the bill.

A recent report from CPA.com says that semi-autonomous AI bots are already completing bookkeeping workflows start to finish, fully automating the process.

Accounting controls stand out as an often-overlooked domain—straightforward to implement and highly impactful for improving business resilience and continuity.

Top 50 Firm Elliott Davis is taking a private equity investment from Flexpoint Ford and announced its next CEO.

The Section 899 "revenge tax" in President Trump's massive tax and spending bill may be delayed as it faces pushback from Wall Street and businesses.

The Senate is considering a plan to save a lucrative tax credit for the production of hydrogen that would be scrapped in the tax mega bill passed by the House.

Rev. Proc. 2025-23 updates the list of 'automatic procedures' for changes in methods of accounting.

Senate Majority Leader John Thune said Republicans in his chamber expect to deliver on President Donald Trump's campaign promises.

Plante Moran merges in Tonneson; Sax acquires Sewald & Anastasia; and GHJ adds Hacker Douglas.

Emailing an unprotected return; Sec. 899; IRMMA tactics; and other highlights from our favorite tax bloggers.

Extreme weather events like wildfires and hurricanes could drop corporate earnings up to 7.3% by 2035, KPMG's 2025 Futures Report found.

When you protect your staff from problematic clients through higher pricing or firing clients who can't work well with the firm, you send a strong message.

Many times in professional services firms — and in our own lives — we spend a lot of time talking about doing something, but don't actually do it. Why?