Featured News
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IRS sets 2026 401(k) contribution limits, raises savings cap
The IRS recently announced that the amount individuals can contribute to their 401(k) plans in 2026 has increased to $24,500, up from $23,500 for 2025.
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Survey: 59% of US employees use unapproved AI tools for work
A survey of more than 1,000 employees in the U.S. found that 59% use shadow AI — artificial intelligence tools that haven’t been formally approved by their companies — to get the job done.
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Report: SaaS companies struggle against slowdown in revenue gains
The software-as-a-service sector, which had experienced a vibrant 21% annual revenue growth just a few years ago, saw that metric sink to 12% in 2024, according to a new report from BDO.
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Fed survey: Concerns about AI on the rise
The Federal Reserve’s biannual Financial Stability Report found that acute concerns about artificial intelligence are on the rise.
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Global survey finds strategies common among high-growth firms
A global survey of tax and accounting professionals at firms of all sizes revealed six common strategies among high-growth firms.
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IRS ends Direct File, shifts focus to Free File, private sector
The IRS ended Direct File, the free, online pilot program that nearly 300,000 taxpayers in 25 states used to file returns for tax year 2024.
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Employers get reporting relief on tips, overtime for 2025
The IRS has released new guidance to help employers and other payers navigate reporting requirements for cash tips and qualified overtime compensation under the OBBBA.
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Tips for effectively managing the firm calendar
Change is possible when firms choose to wind the clock differently, set clear stops and build small habits that keep the mechanism running instead of exploding into chaos.
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IRS data shows average tax refund amount up nearly 2% from 2024
In mid-October, the IRS released updated 2025 tax season statistics that showed a slight uptick in total tax returns received and the average tax refund amount compared to mid-October of 2024.
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AICPA releases generative AI resource tool for CPA firms
The AICPA has created an artificial intelligence-enabled tool, Josi, that provides secure, direct access to the AICPA’s professional standards, authoritative guidance and related information.