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Eide Bailly merges in Traner Smith

Eide Bailly, a Top 25 Firm based in Fargo, North Dakota, is growing its presence in the Pacific Northwest by adding Traner Smith, based in Edmonds, Washington, effective June 2, 2025.  Traner Smith’s team includes two partners and 16 staff members and specializes in tax compliance and advisory services. Financial

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Senate Dems probe IRS chief nominee’s donations

Billy Long speaking at a Donald Trump campaign eventAl Drago/Bloomberg The week before confirmation hearings for President Donald Trump’s nominee for commissioner of the Internal Revenue Service, former Missouri Congressman Billy Long, Democrats in the Senate are asking questions about the timing of campaign donations he received immediately after his

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Trump berates Republicans to ‘Stop talking,’ pass tax cuts

Donald TrumpAl Drago/Bloomberg President Donald Trump called on members of his party to unite behind his economic agenda in Congress, putting pressure on factions of lawmakers who are calling for last-minute changes to the legislation to drop their demands. “We don’t need ‘GRANDSTANDERS’ in the Republican Party,” Trump said in

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Practice Profile: From club member to club advisor

Relationships fuel so many businesses — including accounting — but for the clients of San Jose, California-based PP&Co.’s fastest growing industry specialization, they are the “lifeblood,” according to assurance partner Richard O’Leary. More specifically, for the Regional Leader’s burgeoning private and public club industry clients, members are their foundation. “Membership

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PCAOB shares insights from audit committee leaders

The Public Company Accounting Oversight Board staff released a new publication highlighting the perspectives of audit committee chairs. The publication, “2024 Conversations With Audit Committee Chairs,” includes observations and takeaways from 272 interviews that PCAOB staff conducted with audit committee chairs last year. The topics include factors affecting their relationships

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Here are the winners and losers in the Republican tax bill

Wealthy Americans and business investors are among the big winners in House Republicans’ draft tax legislation while targets of President Donald Trump’s ire such as immigrants and elite universities were hammered.  The tax plan is likely to undergo significant changes as it winds through the House and then the Senate.

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AI great at simple tasks but struggles with complexity

Artificial intelligence has indeed led tech-forward firms (including those in this year’s Best Firms for Technology) to be more efficient and productive in both client-facing and administrative tasks, but at the same time professionals have found the technology still struggles with precision and accuracy, which limits its usefulness for complex

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Staten Island’s Malliotakis open to $30K SALT cap

Representative Nicole Malliotakis said increasing the state and local tax deduction cap to $30,000 from $10,000 would reduce the tax burden of the vast majority of people in her district, indicating support for a proposal that is dividing Republicans. “Every member needs to advocate for the particular needs of their

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Tech news: KPMG rolls out AI trust service

Global accounting network BKR announced a global strategic partnership with Suralink, a request list and document management software company for professional services firms. The collaboration will include joint participation in key events, thought leadership initiatives, and opportunities to connect with member firms on emerging technology and client experience solutions….  Pivot

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SALT Republicans have to accept ‘unhappy’ deal, GOP chair warns

The chairman of the House tax committee warned lawmakers from high-tax states demanding relief from a $10,000 cap on the state and local deduction that they will have to settle for an “unhappy” compromise. House Ways and Means Committee Chairman Jason Smith said Tuesday in a Bloomberg Television interview that

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