The Treasury Department has released Rev. Proc. 2026-9, which contains the amounts of unused housing credit carryovers allocated to qualified states under IRC Sec. 42(h)(3)(D) for calendar 2025. Processing Content The notice, which will be published in the Internal Revenue Bulletin on Jan. 20, provides guidance to state housing credit
Jason Alden/Bloomberg WH Smith Plc is under investigation by the UK’s Financial Conduct Authority over the accounting error in its North American business that triggered a stock slump and the resignation of its chief executive officer. Processing Content The embattled retailer also cut its annual dividend for the first time
Small business accounting platform Xero plans to shift third party app developers from a revenue share commercial model to a new tiered pricing structure based on API usage and connections. The change is scheduled for March 2026. The new pricing is a flat monthly fee based on tiers and includes
Even as some of its agents were called away to support other federal operations, IRS Criminal Investigation had a banner year in Fiscal 2025, identifying $10.59 billion in financial crimes — almost 16% more than in 2024. Processing Content As part of that, according to its Fiscal Year 2025 Annual Report,
Scenes from an Italian restaurant; blue Hawaii; you’re gonna be soooory; and other highlights of recent tax cases. Processing Content Malden, Massachusetts: Tax preparer Yves Isidor, of Somersville, Massachusetts, has been sentenced to 18 months in prison for filing false returns for clients. Isidor owned and operated Tax Realty Pro,
Keith Frith – Fotolia The Internal Revenue Service is reminding taxpayers who finalized an adoption this year or who started their adoption process before 2025 that they may qualify for the Adoption Tax Credit, adding that changes to the credit come in the wake of One Big Beautiful Bill Act.
Platform Accounting Group, based in Holladay, Utah, has expanded its presence in Oregon. Watters and Associates, in Roseburg, Oregon, has joined Platform firm DHS Advisors; and Brown and Bakondi, in Oregon City, will merge with Iron Creek Advisors, another of its firms. The additions will expand and strengthen Platform’s presence
A common thread in business writing today is how technology, primarily artificial intelligence, is changing how business gets done. Opinions abound on how best to incorporate new technologies into existing processes and gain a competitive advantage. For example, McKinsey recently launched its Enterprise AI dialogue to get boardroom and C-suite
Audit teams with a greater number of women provide higher-quality audits at a lower cost, according to new research. The study, which will be appearing in the Review of Accounting Studies, found that audit teams with more women — especially audit seniors (who serve as team supervisors, product managers and
Bennett Thrasher managing partner and CEO Jeff Call is making major plans for his Top 75 Firm next year as it ramps up the use of artificial intelligence and helps clients adjust to changes from the One Big Beautiful Bill Act. “From my perspective, I think we’re going to continue