A change made by the Internal Revenue Service in its instructions for claiming the new tax deduction for tips is making it more difficult for self-employed and gig economy workers to claim, and may require their tax preparers to submit amended or superseding tax returns. Processing Content The IRS issued
Audit and GRC solutions provider AuditBoard now styles itself as Optro, a name change meant to reflect a single, coherent view across audit, risk, information security and compliance. The announcement took place Monday at the Institute of Internal Auditors’ Great Audit Minds conference in Las Vegas. Processing Content “Today, AuditBoard becomes
Top 50 Firm Schellman received a minority investment from Private Equity at Goldman Sachs Alternatives, expected to close at the end of Q2 2026. Processing Content The announcement marks another flip among the first cohort of accounting firms that took private equity investment. In 2021, Lightyear Capital took a majority
As New York City Mayor Zohran Mamdani’s tax-the-rich plans spark backlash among New York’s wealthy, at least one cohort of millionaires is fully supportive of his policies. Processing Content The members of the “Patriotic Millionaires” group — who include a Disney heiress, an owner of Manhattan’s Flatiron Building and a
The finance function is at an important crossroads, with tradition and innovation colliding as the era of artificial intelligence introduces new opportunities to innovate, evolve and transform. Processing Content While many finance teams still use traditional approaches to advise their organizations on finance strategy, recent research shows that a shift is happening: 63%
Prime Meridian, a tax solutions provider, officially launched today with a free tax filing solution supported by former IRS Commissioner Danny Werfel, who is serving as a strategic advisor for the new company. Processing Content “Americans should have access to a free, easy-to-use platform that guides them through filing their
Overall, institutional investors continue to place strong trust in public company audits as an essential check on the financial statements issued by companies, but auditor independence remains a focus for them, according to a new survey. Processing Content The survey, released Wednesday by the Center for Audit Quality, found that
The American Institute of CPAs’ Auditing Standards Board has published a work plan for 2026 through 2027 and a five-year strategic plan for 2026 through 2030. Processing Content Among the priorities is a standards update that’s expected to be finalized in the third quarter of this year aimed at strengthening
The American Institute of CPAs’ Auditing Standards Board has published a work plan for 2026 through 2027 and a five-year strategic plan for 2026 through 2030. Processing Content Among the priorities is a standards update that’s expected to be finalized in the third quarter of this year aimed at strengthening
The American Institute of CPAs’ Auditing Standards Board has published a work plan for 2026 through 2027 and a five-year strategic plan for 2026 through 2030. Processing Content Among the priorities is a standards update that’s expected to be finalized in the third quarter of this year aimed at strengthening