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A revised version of the budget bill that passed a procedural vote in the Senate would preserve the SALT deduction for certain passthrough businesses, including accounting firms.

National Taxpayer Advocate Erin Collins has released her Fiscal Year 2026 Objectives Report to Congress, highlighting a largely successful 2025 filing season while raising ongoing concerns.

The new report reveals a concerning divide in the tax and accounting industry, with 40% of firms having no significant plans to adopt artificial intelligence (AI) strategies.

The IRS’s Taxpayer Advocate Service (TAS) is preparing to replace a 20-year-old case management system this summer in a move to accelerate case processing times.

Passthrough entities would lose ground compared with corporations under tax language in the Senate Finance Committee bill, the AICPA said in a letter to legislative finance leaders.

The Governmental Accounting Standards Board (GASB) recently issued Implementation Guidance Update — 2025, a guide updated for the first time in nearly two years.

With today’s economic uncertainty, companies are looking hard at the increasing cost of employee health benefits.

The IRS has announced improvements to its Pre-Filing Agreement program to provide greater tax certainty for large business and international taxpayers.

The IRS has provided additional transitional relief for brokers who must report certain digital asset sales and exchanges on Form 1099-DA.

A new report found that nearly three-quarters of accounting firms saw an increase in revenue (74%) and profits (73%) in the past year.