Accounting firms have built up a whole arsenal of strategies to cope with the shortage of new talent, but staffing issues are still top of mind for firm leaders. Processing Content When asked to identify the biggest issues they see facing the accounting profession, senior executives from Accounting Today’s 2026
Over 1,000 Internal Revenue Service employees owe more than $8 million for not complying with the terms of a program that helps them repay their student loan debts, according to a new report. Processing Content The report, released Monday by the Treasury Inspector General for Tax Administration, examined the IRS’s
As artificial intelligence rapidly reshapes the finance landscape, accounting leaders face a pivotal moment. Processing Content The path forward is clear: Accounting functions must become AI-ready, moving beyond incremental automation to a future state where technology and talent work seamlessly together. For accounting, where the primary product is accurate, timely
Top 25 Firm Aprio is expanding its services for government contractors by combining with Columbia, Maryland-based CAVU Advisors. Processing Content The deal is expected to expand and strengthen Aprio’s presence in the Capital Region around Washington, D.C., where it now has almost 400 professionals and partners. “Our clients in aerospace,
Tax season is “progressing smoothly” according to the Internal Revenue Service. Processing Content “With less than two weeks left in the filing season, the IRS continues to provide historically outstanding service to taxpayers,” said IRS chief executive officer Frank Bisignano, in a statement on Thursday. “Tens of millions of Americans
stockbusters – stock.adobe.com Accounting firm leaders have a lot on their plates. Processing Content When asked to identify the biggest issues they see facing the accounting profession, senior executives from Accounting Today‘s 2026 Top 100 Firms named a wide range of issues, from private equity’s catalytic effect on dealmaking activity
Not a ghost of a chance; all’s Wells; fictitious spouses; and other highlights of recent tax cases. Processing Content Mahwah, New Jersey: Louis V. Greco III, 38, of Highland Mills, New York, pleaded guilty to tax evasion for tax years 2018 to 2022. Greco owned NJ Mobile Health Care LLC,
The tax-writing House Ways and Means Committee unanimously approved five bipartisan tax-related bills last week aimed at helping natural disaster victims, sexual assault survivors, pre-school teachers, taxpayers in general and tax fraud whistleblowers. Processing Content The Survivor Justice Tax Prevention Act (H.R. 2347), co-sponsored by Rep. Lloyd Smucker, R-Pennsylvania, and
Let me guess what’s on your firm’s website right now: Processing Content “We provide quality accounting and tax services to businesses and individuals with integrity and professionalism.” Or maybe: “Our mission is to deliver exceptional client service while maintaining the highest standards of our profession.” Here’s the uncomfortable truth: Nobody
KPMG offices in ManchesterDominic Lipinski/Bloomberg KPMG UK has told nearly 600 staffers in its audit business that their jobs are at risk, according to people familiar with the matter. Processing Content Impacted employees were informed that they could be laid off, subject to a redundancy consultation, according to a memo