Banking

The American Institute CPAs, the National Association of State Boards of Accountancy and state CPA societies voiced their objections to a government proposal.

Borrowers who receive discharges of their student debt under the Income-Driven Repayment program could be facing tax bills as high as $10,000 next year.

Intuit announced a host of new agentic AI features for both TurboTax and Credit Karma users.

The Top 75 Firm opened Mary Street Capital, an investment bank affiliate, to expand its advisory capabilities and serve family- and founder-owned middle-market businesses.

The Swiss bank settled the long-running tax evasion case in France for less than a fifth of the original fine.

The bill limits how much students and their parents can borrow for college from the government.

Tax Court judges; like-kind slip-ups; estate planning and digital assets; and other highlights from our favorite tax bloggers.

The U.S. Department of Education plans to resume collecting defaulted student loans on May 5 after a years-long pause that began with the pandemic.

A recent survey from Rightworks found firms that use AI have a higher revenue per employee than firms that do not.

Accounting firms could greatly benefit from adopting some of the strategies and mindsets these technology companies are using to thrive.

As more and more professional services organizations lean on AI-driven tools to enable new ways of working, there is some question as to how this will impact pricing models.

In their quest to "fix" business banking, some startups have overlooked a critical group of users: accountants.

The guidance in Notice 2024-63 is for employers that want to employees' student loan payments.

He attempted to help restore confidence in corporate America following a wave of fraud, including the bankruptcies of Enron and WorldCom.

A recent survey has found that 40% of tax professionals believe generative AI will allow them to demand higher rates, in comparison to 6% who said rates will decrease.

The agency had intended to block access to tax data by most lenders on June 30 as part of a policy change that sought to protect taxpayer privacy. But drew broad opposition from the financial services industry.

The auditing giant KPMG audited the three regional banks that failed last year. New York Community's recent disclosures that it had financial reporting weaknesses in 2023 raises new questions over the auditors' role.

Plus, Schneider Downs launches SD Digital group; and other updates from the accounting technology world.

Costs to access and connect with certain cloud-based solutions have been increasing, leading to higher technology costs for accounting firms.

The digital bank is giving accountholders free in-app preparation and filing services through Column Tax.