AI is a powerful tool for tax professionals, but with a smaller, more automated and less forgiving IRS, firms need to have the right policies in place.

The House-passed Taiwan tax bill, which has bipartisan support but languished in the Senate, could be a legislative priority where both parties could coalesce.

The International Accounting Standards Board issued a new standard for businesses subject to rate regulation, such as electricity, water and gas utilities.

Trump said Democratic policies on crime and taxes were leading to an exodus of businesses and taxpayers from New York, as he touted his tax cuts.

The Internal Revenue Service characterizes the 2026 tax filing season as a success. What do you think?

The Securities and Exchange Commission's proposal for a semiannual reporting option has quickly provoked debate.

Sales and use tax once sat at the back of the small business tax conversation. It now has taken a seat in the front row.

Critical cautionary tale; reactive to proactive; consumption taxes; and other highlights from our favorite tax bloggers.

The House approved legislation to make IRS collection proceedings taxpayer friendly, safeguard tax refunds and provide judicial review of tax liability claims.

The American Institute of CPAs expressed support for legislation limiting the reporting of U.S. businesses' beneficial ownership information to FinCEN.

The accounting standards update aims to improve financial accounting and disclosures about activities related to environmental credits and obligations.

The Securities and Exchange Commission aims to increase IPOs with changes to accelerated and non-accelerated filers and exemptions from internal control audits.

The Securities and Exchange Commission rescinded a policy Monday requiring defendants in settled enforcement actions not to publicly deny the SEC's allegations.

The American Institute of CPAs sent a list of nearly 200 recommendations to the Internal Revenue Service for the IRS's 2026-2027 Priority Guidance Plan.

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

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

Speaker Mike Johnson called suspending the federal gas tax "an intriguing idea" but didn't commit to a timeline as momentum builds in both chambers to take action.

The idea of semi-annual reporting is a guaranteed self-inflicted disaster, like using a knife while gripping the blade instead of the handle, writes Paul Miller.

New York Governor Kathy Hochul is planning to participate in President Donald Trump's controversial federal school choice program.

The Governmental Accounting Standards Board added several items to its research agenda, but decided against adding a project on cybersecurity disclosures.