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Taxpayers earning more are more likely to choose to itemize their deductions, while taxpayers earning less tend to favor the standard deduction.

The Internal Revenue Service issued a notice on Friday excluding from gross income the value of any tribal general welfare benefit.

Storytelling has many practical applications for accountants. Here's how to SPAR with your audience.

Instead of completing 150 credit-hours, this pathway would allow candidates with a bachelor's degree to earn their CPA by demonstrating their professional and technical skills.

China suspended the operations of PricewaterhouseCoopers LLP for six months and imposed a record penalty over lapses in its auditing of China Evergrande Group.

Plus, Gusto announces "Gus" AI; Boost launches cross-border payment solution; and other accounting tech news.

Plus, CohnReznick expands its valuation practice, Herbein adds a director of business development, and Abdo and Mercadien each announce a wave of promotions.

The presidential nominee is looking to turn the page with a new populist tax cut proposal.

Gartner estimates that, by 2026, around 80% of independent software vendors will embed gen AI capabilities in enterprise applications, versus less than 1% in 2023.

Noted; loan sharks; lowering the Boomer; and other highlights of recent tax cases.

The Ways and Means Committee advanced five tax-related bills, including one that would eliminate a requirement to report payments of $600 from third-party networks.

The IRS is pushing back payment and filing deadlines for taxpayers hit by August weather.

CPA firms are perfectly positioned to provide advisory and assurance services on ESG reporting, given their infrastructure around audit quality, independence requirements, and professional development.

The Internal Revenue Service and the Treasury issued proposed regs on the Corporate Alternative Minimum Tax.

The cutbacks are a sign of further retrenchment among the Big Four firms.

The EU Court of Justice backed a 2016 decision that Ireland broke state-aid laws by giving the company tax benefits that resulted in an unfair advantage.

Whether your firm has a vibrant wealth management division or not is irrelevant when it comes to offering family office services: Consider it outsourced CFO work, except for a family rather than an entity.

Thomson Reuters unveiled its AI-powered Audit Intelligence suite, and its first solution, Audit Intelligence Analyze, to identify anomalies and generate documentation.

Bloomberg Tax & Accounting projects that inflation-adjusted amounts in the Tax Code will increase 2.8% in 2025 — roughly half the increase in 2024 and down from 7.1% in 2023.