Tax strategies

JPMorgan Chase & Co. Chief Executive Jamie Dimon criticized plans by New York's left-leaning mayor Zohran Mamdani to slap more taxes on the rich, arguing the move risks doing further damage to the city's status as a business hub.

Plus, Xero announces XeroForce custom AI agent builder; Emburse releases new AI purchasing agent; and other news and updates from the accounting tech world.

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

The Top 100 Firm acquired a Miami-based firm that specializes in international tax consulting, estate and trust matters, and tax planning.

The Internal Revenue Service plans to offer settlements in syndicated conservation easement cases, but only for a limited time, as it unveils an updated website.

For retirement-age clients relocating to the Sun Belt, the savings they are counting on may not exist. Have a conversation before they sign the moving contract.

Centralized Authorization File processing remains one of the most significant challenges in tax administration — but Business CAF isn't the solution yet.

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.

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

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

The reason integrated firms are being built and attracting clients is not because service bundling is a clever revenue trick.

A short seller is taking aim at the more than $1 trillion that's invested in strategies that reduce taxes for the rich — putting one of the U.S.' most staid money managers in its crosshairs.

Plus, Tieout announces launch; LogicGate touts Config Newton, an agentic GRC Engineer; and other news and updates from the accounting tech world.

The Senate Finance Committee ranking member introduced two bills cracking down on grantor retained annuity trusts and private placement life insurance.

The IRS's Office of Professional Responsibility warned tax preparers of endorsing or negotiating taxpayers' federal refunds.

The IRS declined to include accountants or tax preparers as qualified occupations, despite support in public comments.

More than 4 million children have been signed up for Trump accounts — but millions more are eligible.