Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
Taxes May 16, 2025
Rep. Andrew Clyde, Other Rebel Republicans Derail Trump’s ‘Big, Beautiful Bill’
Although Clyde and other conservatives support the tax cuts in this package, they said they worry that the GOP plan doesn’t go far enough to cut spending and change how Medicaid works.
Taxes May 16, 2025
Trump’s ‘Big, Beautiful’ Budget Package Bottled Up in House Committee, for Now
House Republican leaders couldn’t nail down the votes needed to advance the GOP’s giant budget reconciliation bill out of the Budget Committee on Friday in the face of opposition from a handful of hard-line Freedom Caucus members.
Taxes May 16, 2025
Tax Court Delivers Bad News to Tardy Taxpayer
In a new case, an office mix-up authorizing the wrong FedEx service resulted in a missed tax deadline. The Tax Court addressed whether the “equitable tolling” doctrine grants the taxpayer a reprieve.
Mergers and Acquisitions May 16, 2025
Mauldin & Jenkins Joins Forces With Bradshaw, Gordon & Clinkscales in South Carolina
The merger, which is effective June 1, aligns with the top 75 firm's mission to offer comprehensive accounting and advisory solutions to clients while expanding its footprint in key markets, Mauldin & Jenkins Managing Partner Hanson Borders said.
Accounting May 16, 2025
Accounting MOVE Project Launches 2025 Survey
This year’s research reflects a pivotal shift in how inclusion is measured—prioritizing workplace belonging and measurable career equity outcomes, regardless of whether firms use the term “DEI.”
Taxes May 16, 2025
Trump-Backed Tax Bill Would Expand Child Tax Credit, Establish ‘MAGA Accounts’ for Kids
An expansion of the child tax credit and new “MAGA savings accounts” for children are among the proposals in President Donald Trump’s “One, Big, Beautiful Bill.”
Payroll May 16, 2025
The ‘Motherhood Penalty’: Mothers Earned 35% Less Than Fathers in 2024
A new Bankrate analysis of Census Bureau Current Population Survey data reveals full-time working fathers earned 35% more in wages than mothers working full-time in 2024, a wider disparity than in 2023 and 2022.
Payroll May 16, 2025
U.S. Spring Homebuying Season Off to its Weakest Start in Five Years
Deals were down 3% from last April, already seen as a low mark. Active listings for April also ballooned to the highest level since 2019, suggesting homes are piling up on the market.
Small Business May 16, 2025
Trump to Keep 30% China Tariffs Through Late 2025, Analysts Say
President Donald Trump’s tariffs on China will likely remain at a level expected to severely curtail Chinese exports to the U.S. after the 90-day truce, suggesting Beijing may have to endure further economic pain despite active talks.
Auditing May 15, 2025
PCAOB Shares Insights From Chats With Audit Committee Chairs
The Public Company Accounting Oversight Board released a new publication on May 15 that highlights the results of conversations that board staff had with audit committee chairs of U.S. public companies and broker-dealers last year.
Accounting May 15, 2025
FASB OKs Update to Guidance on Share-Based Consideration Payable to a Customer
The Financial Accounting Standards Board issued an Accounting Standards Update on May 15 that clarifies accounting guidance for share-based consideration payable to a customer in conjunction with selling goods or services.
Mergers and Acquisitions May 15, 2025
Armanino Snaps Up Cooper Savas in Utah
The private equity-backed top 20 firm has entered the Utah market by acquiring Cooper Savas, a full-service public accounting firm based in Salt Lake City.