Featured News
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US House passes stablecoin regulatory framework
Already approved by the Senate and on its way to the president for signature, the GENIUS Act will require stablecoin issuers to undergo a monthly examination of disclosures.
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Survey: 39% of US adults received job scam texts
A recent survey of U.S. adults found that 39% of Americans said they’ve received fake job offers via text message this year.
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Developing your firm’s transformation strategy
While change doesn’t have to happen all at once, planning for business model transformation is about taking new approaches in many significant firm functions and processes.
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Survey: Manual tasks still clogging finance teams’ capacity
About eight in 10 of respondents in a recent survey said their finance teams are “swamped” with manual tasks.
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AICPA seeks further clarity on Roth rules
The AICPA has requested further guidance from the Treasury and the IRS regarding catch-up contributions designated as Roth contributions under Section 603 of the SECURE 2.0 Act.
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Congress passes Filing Relief for Natural Disasters Act
Legislation passed by Congress will allow the IRS to grant tax relief when a governor declares either a disaster or a state emergency, rather than waiting for a federal disaster declaration.
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Report: Generative AI usage rises in accounting industry
A new report found that 71% of tax and accounting professionals believe generative artificial intelligence (AI) should apply to their daily work.
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IRS renews warning of identity theft scams
The IRS and the Security Summit renewed warnings to tax professionals to stay informed of new and evolving schemes aimed at stealing business and taxpayer information.
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Survey shows more businesses investing in technology
A new survey from Grant Thornton shows that 93% of business leaders surveyed are investing more in technology.
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Jobs report takes pressure off Fed to cut rates
U.S. employers added 147,000 jobs last month, exceeding estimates, while the unemployment rate ticked lower to 4.1%, according to the Bureau of Labor Statistics.