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Clients may be able to save thousands in taxes and prepare for a better future with the introduction of even the most rudimentary financial planning.

CFO Selections, a fractional CFO firm, received a minority investment from family office Laird Norton Company.

New York City Mayor Zohran Mamdani insisted his push for a new tax on pricey second homes isn't "motivated by any one individual."

A judge questioned whether the president's lawsuit against the IRS and Treasury can proceed with Trump effectively in control of both sides of the litigation.

Big Four firm KPMG is eliminating approximately 100 partners in its U.S. audit and assurance practice, after not enough of them accepted an early retirement program.

The Taxpayer Advocacy Panel issued its annual report calling for improvements and greater clarity in notices, forms and publications after a year of turbulence.

The survey window for our "Wealth Magnets" annual ranking of the top CPA financial planners by assets under management is now open.

Plus, Gusto announces 75 new features; Infinite Ties launches new FanCAS-Kit; and other accounting tech news and updates.

CohnReznick opens seventh California office and adds international tax partner; Aprio appoints real estate industry leader; and more news from across the profession.

The Justice Department's order delivers meaningful tax relief to the medical cannabis industry and signals a serious federal effort to align with state laws.

The blue-chip auditing firm of Deloitte is being sued after signing off on the fund's financial statements before its collapse in 2025.

The initial financial results have been mixed. By Luna's own accounting, the store will need to make around $500 a day to break even on monthly expenses.

Charles Schwab is becoming the latest brokerage to rein in a booming but potentially risky part of its business.

Tech-forward CPA firms have found that effective vendor vetting requires a systemic and intentional approach grounded not in wishful thinking but concrete business needs.

The Treasury Department said the IRS will be revising the Form 990 to uncover fraud and hidden sources of funding at tax-exempt organizations.

Shell game shellacking; one tequila, two tequila; cryptocurrency con; and other highlights of recent tax cases.

The International Public Sector Accounting Standards Board proposed a set of narrow changes to align them with recent guidance from the IASB.

The rapidly changing profession leaves firms with a host of challenges — and opportunities.