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After 500 internal penetration tests conducted from 2021-2023, RSM professionals found only 1.6% of organizations had no vulnerabilities at all. Most had around eight.

The Treasury Department provided formal notification to Russian authorities that it's partially suspending a tax treaty as relations worsen over the war in Ukraine.

The Federal Accounting Standards Advisory Board says that, for federal government accounting purposes, seized digital assets aren't monetary unless they come from a central bank.

Notice 2024-55 from the IRS explains exceptions to the additional tax for certain emergencies, and for victims of domestic abuse.

Global Reporting Initiative CEO Eelco van der Enden plans to step down at the end of the year when his three-year contract concludes.

Plus, North Carolina Association of CPAs names next CEO; Weaver promotes 17 to partner; and other news from across the profession.

The Internal Revenue Service released a revised draft version of Form 6765, the Credit for Increasing Research Activities, in response to feedback.

Plus, TaxDome adds AI reporting feature; Protiviti uses new "ProtivitiGPT" to enhance internal ops; and other accounting tech news.

Cross-selling is the lifeblood of every professional services firm, but it's also the bane of accounting firm partners.

Nigeria's tax agency dropped accusations of tax fraud against Tigran Gambaryan, but a separate money-laundering case brought against the former IRS employee resumed.

The IRS will deny tens of thousands more pandemic-era employee credit claims it deems potentially fraudulent in the coming weeks, as it remains in a holding pattern for processing new claims.

The senator dismissed concerns from budget watchdogs that it could increase the deficit by $250 billion or even more over a decade.

Card shark; the roof falls in; a dynamic duo; and other highlights of recent tax cases.

The Internal Revenue Service plans to begin slowly paying some of its older claims for the fraud-plagued Employee Retention Credit this summer, but is not lifting its moratorium.

Paul English plans to further extend the accounting and advisory firm network to more countries.

The U.S. Supreme Court upheld a 2017 tax on American-owned businesses' foreign profits, rejecting an appeal that could have saved companies hundreds of billions of dollars.

We've been talking about the burnout crisis for decades, but the talk needs to turn into action.

It's critical to build a team around you to ensure the right questions are asked and answered.

A panelist during the Scaling New Heights conference in Orlando said that private equity firms are looking for firms with good revenue, but numbers alone don't tell the whole story.

Patrick Camuso's firm, Camuso CPA, specializes in digital asset investors and Web3 companies.