Wojeski & Co., a firm based in Albany, New York, has reached a $60,000 settlement with New York Attorney General Letitia James after the firm was hit by two data breaches and ransomware attacks, exposing the personal information of over 4,700 people. James’s office found the firm took over a
A pair of whistleblowers who worked for the Internal Revenue Service’s Criminal Investigation unit have reached a settlement with the IRS and the Department of Justice over claims they faced retaliation for complaining about the IRS and DOJ’s treatment of Hunter Biden’s tax charges. Gary Shapley and Joseph Ziegler, who
Video game developers are benefiting from research and development tax credits and recent changes in the rules for deducting R&D expenses, with tax professionals helping claim valuable tax breaks for gaming companies. “For video game developers, improved cash flow can really translate into additional resources for hiring talent, developing their
In an object lesson for reviewing your AI outputs, Big Four firm Deloitte will partially refund the Australian government for an advisory report containing inaccuracies that were introduced by one of its AI models. The report in question pertained to an Australian study on a targeted compliance framework to prevent
Wolters Kluwer announced the launch of “Expert AI,” which will be woven throughout its CCH Axcess product, its capacities now integrated across tax, audit, and firm management workflows. It is touted not as an add-on but as a purpose built enhancement to the entire platform, allowing for entirely new modules
Roger VerAnthony Kwan/Photographer: Anthony Kwan/Bloom Roger Ver, the cryptocurrency advocate known as “Bitcoin Jesus,” has paid nearly $50 million to resolve a U.S. tax evasion indictment without having to admit he committed a crime. Prosecutors agreed to dismiss the indictment against Ver, who admitted in a deferred-prosecution agreement that he
Ask any accountant, and they will tell you that protecting client data is a vital part of their job, and with good reason. Accounting firms are entrusted with some of the most valuable information that businesses and individuals possess. This includes tax filings, audit reports, payroll records and financial forecasts.
President Donald Trump said he was making good on threats to fire thousands of federal workers amid a government shutdown now in its 10th day, as his administration made job cuts across departments including Health and Human Services, Homeland Security, Treasury and Commerce. “It’ll be a lot, and we’ll announce
A minimum viable tech stack does not mean a bad tech stack, and it certainly doesn’t mean that it can’t be leveraged strategically. An accounting firm running a bare bones operation with only that which is absolutely required can still find innovative ways to service clients and grow their business
Timothy Fadek/Bloomberg The Internal Revenue Service has unveiled annual inflation adjustments for tax year 2026 for more than 60 tax provisions, including tax rate schedules and other tax changes, with Rev. Proc. 2025-32 providing all the details. These adjustments generally apply to tax returns filed in 2027. For Tax Year 2026,