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California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions of dollars in new revenue.

Plus, WICPA elects new chair; RSM announces a big slate of leadership appointments; Weaver names a new head of its India ops; and more firm and personnel news.

The proposed tax would be levied at 1% of the purchase price and would be paid by the buyer.

Public accounting firms are having their own awkward conversation between the firm they built and the firm they now need to become.

Ghost payroll; non-existent businesses; save you from paying; and other highlights of recent tax cases.

Executives from the Top 100 Firms and Regional Leaders share their approaches on adopting and implementing artificial intelligence.

The American Institute of CPAs approved a standards update to modernize how CPAs get audit evidence via external confirmation procedures.

The Financial Accounting Standards Board decided to add several projects to its technical agenda.

Intuit announced new features and enhancements for its Intuit Enterprise Suite platform for mid-market businesses with more complex needs.

The Senate Banking Committee advanced a landmark digital asset market structure bill after months of negotiations, signaling fresh momentum for the measure.

The administrative approach to R&D credits needs to shift away from the current once-a-year scramble within companies.

The industry framing of "what can AI do?" is mismatched with how AI is deployed today, and the conclusions can leave firms a tax season behind their peers.

The Internal Revenue Service established a program to allow corporate taxpayers to request rulings on certain issues.

Bidding a fond farewell to our longtime managing editor sparks some thoughts on who should be working for who.

The IRS provided more details about the settlements it's offering for a limited time in syndicated conservation easement and historic preservation claims.

The Top 50 Firm will acquire Troy, Michigan-based Gordon Advisors, making the state one of its largest geographic markets.

Are you sure it was the vendor's fault? Here are tips for a better outcome the second time around.