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New clients may seem easy to come by now, but that won't always be the case.

Taxpayers that suffer a smaller loss might not have the sophistication to know that they could be entitled to take a theft loss deduction, warns one expert.

Welcome to Tax Court; the subscription model; new blog on the block; and other highlights from our favorite tax bloggers.

The Public Company Accounting Oversight Board sanctioned and imposed a $40,000 fine on James Pai CPA and its partner for audit failures.

The institute is asking the Treasury and the Internal Revenue Service for greater clarity in their proposed regulations for the SECURE 2.0 Act of 2022.

House and Senate Republicans are battling over the size of spending cuts to be paired with a giant tax cut coming later this year.

McConnell Jones, the largest African American-owned CPA firm, is focused on expanding its geographic footprint as part of its growth strategy.

The Top 50 Firm based in Troy, Michigan has expanded into Tennessee with its latest M&A deal.

FloQast and Fieldguide each announced the release of their own agentic AI solutions for accountants.

With rapid changes in technology, a state-of-the-art piece of equipment can become a doorstop in just a few months.

Internal Revenue Service reports of the cost of the free tax-filing program left out at least $8.8 million in costs, according to a new report.

By helping accountants to predict results and make informed, proactive decisions, the rise of predictive analytics improves traditional accounting tasks.

The Financial Reporting Council hit PwC with a $3.8 million penalty and one of its accountants with a $43,250 penalty over their audit of Sanjeev Gupta's Wyelands Bank.

Traditional talent development models rely on in-house staff and struggle to keep pace with the changes accounting firms face.

Forming a trust now and funding it after Congress decides whether to keep the current gift tax exemption rate could make for an effective preemptive strike.

GASB released a study on utilization of GAAP among state and local governments and found all the states are using GAAP, but only about three-quarters of localities are.

ERP solutions provider Acumatica announced the rollout of its R1 release, sporting enhanced AI features as well as more industry-specific solutions.

The Public Company Accounting Oversight Board has created three videos from its staff on its quality control standard's monitoring and remediation process.

The Internal Revenue Service is reportedly getting close to an agreement to share information such as taxpayers' addresses with immigration officials upon request.

When small CPA shops suddenly end, clients are left to scramble for a replacement — and any enterprise value that the owner may have had withers away.