Accounting & Taxes News

ACCOUNTING & TAXES

EY Faces £4.9mn Fine for Mishandling Audits

There’s no shortage of headlines in the accounting world lately, from a storied British travel brand (Thomas Cook) being tossed to a Polish buyer, to EY getting a £4.9 million f...

ACCOUNTING & TAXES

Is the Future of Municipal Bond Tax Exemptions in Jeopardy?

The municipal bond market, long seen as the “grandpa” of fixed-income investing, is having its main character moment again. With rising rates, Washington drama, an...

ACCOUNTING & TAXES

Accounting Shift Triggers $5.9 Billion Loss for Saylor’s Strategy

Michael Saylor’s Strategy Inc., formerly known as MicroStrategy, is once again dominating headlines, but not for a record-breaking Bitcoin buy. Instead, the company has posted a ...

ACCOUNTING & TAXES

April 15 Tax Filing Manual for Professionals

The April 15 tax deadline? Yeah, it’s coming in hot, hotter than the wings on Hot Ones. And if you’re a tax professional, CPA, or EA trying to help your clients cross the finis...

ACCOUNTING & TAXES

Social Media Signup May Be Treated as a Taxable Event

It’s hotter than a CPA’s inbox in April, and this time, Italy’s coming for tech giants where it hurts: their so-called “free” business model. In a lan...

ACCOUNTING & TAXES

Microsoft-Backed AI Startup Hires Auditors Amid Inflated Sales Claims

Ever been to a barbecue where the grill's blazing, the hype is real, and then someone lifts the lid to find the food half-cooked? That’s the vibe right now at Builder.ai....

ACCOUNTING & TAXES

PwC Fined £2.9m by Regulator Over Audit Failures

Talk about dropping the ball. PricewaterhouseCoopers (PwC), one of the Big Four accounting titans, just got handed a fat £2.9 million fine (that’s $3.8M) by the UK’s Fina...

ACCOUNTING & TAXES

Decoding the Tax Bill While GOP Spars Over Cuts

Congress is back in town, and they’re not just here to shake hands and pose for photos. They’re gearing up for what might be the wildest tax showdown since the original...

ACCOUNTING & TAXES

PE Goes After a Two Letter Tax Change to Save Billions

Private Equity is back in D.C., not for a hostile takeover, but a high-stakes tax tweak that could fatten its bottom line by billions. The $5 trillion PE industry is pushing to rev...

ACCOUNTING & TAXES

Accountant Embezzled $1 Million from Fresno Wholesaler

Picture this: a trusted accountant, a family-run fruit business, and a million bucks vanishing into thin air. Sounds like a plot twist hotter than the wings on Hot Ones, right? Wel...

ACCOUNTING & TAXES

How a USPS Worker Stole $1.6M in IRS Tax Refunds

Tax season is already stressful enough. But what if the refund your client is waiting for ends up paying for someone else's luxury Bali getaway? That’s exactly what happened in o...

ACCOUNTING & TAXES

Essential Tax Matters for Preparers in 2025

While tax season 2025 isn’t exactly off to a roaring start, a few IRS filing numbers help illustrate the situation better. As of March 7, 2025, the IRS had received 62.76 mil...