News
In the blogs: Slice, slice, baby
1+ hour, 23+ min ago (152+ words) New tax changes; love it or hate it; tax spirit animal; and other highlights from our favorite tax bloggers. Enforcement activity against accounting and auditing firms declined sharply last year under the second Trump administration, according to two new reports....
AICPA Auditing Standards Board plans future projects
5+ hour, 49+ min ago (475+ words) 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. Among the priorities is a standards update that's expected to be finalized in the third quarter of this…...
Small businesses raised pay slightly in February
6+ hour, 49+ min ago (507+ words) Minimum wage increases in several states and localities helped boost pay a small amount in February at small businesses, according to a report released Tuesday by payroll company Paychex. The Paychex Small Business Employment Watch indicated that hourly earnings growth…...
Stablecoin issuer Tether uses Deloitte for USAT reserve report
9+ hour, 8+ min ago (360+ words) After saying for years that major accounting firms were unwilling to provide auditing services, Tether Holdings SA received a sign-off from Deloitte on the first-ever reserve report for its USAT stablecoin that was launched to comply with new U.S. regulations. The…...
The 2026 Fastest-Growing Firms
10+ hour, 37+ min ago (329+ words) Growth remains strong among the country's biggest accounting firms, with private equity turbo-charging a lot of it. Of the 25 fastest-growing firms in Accounting Today's Top 100 Firms and Regional Leaders Report, only four have no connection to PE, with the rest…...
Enrico Palmerino explains Botkeeper's fall
10+ hour, 58+ min ago (830+ words) Enrico Palmerino, CEO of accounting automation and outsourced services provider Botkeeper " which abruptly shut down at the beginning of February before its tech assets were acquired by Xendoo a few weeks later " said that what brought the company down was…...
Nevada implements licensure changes
12+ hour, 30+ min ago (300+ words) The Nevada legislature passed and implemented a regulation creating an additional pathway to CPA licensure, effective as of Feb. 27, 2026. The regulation, presented by the Nevada Board of Accountancy and supported by the Nevada Society of CPAs, creates a third option…...
Stop payment fraud before it starts
13+ hour, 13+ min ago (400+ words) The verification of bank account ownership happens quickly " often in seconds " and the process leaves a secure audit trail for compliance purposes. Automated bank account verification can also be integrated into vendor onboarding and change management workflows so every new…...
Leveraging Your Tech Stack
16+ hour, 8+ min ago (120+ words) Accounting firms have always relied on their technical skills, but more and more they're coming to rely on their technology just as much, and just as they carefully manage their technical expertise to make sure they have what they need…...
Democrats unveil bill to resurrect Direct File
1+ day, 4+ hour ago (467+ words) A group of Senate and House Democrats is introducing legislation that would bring back the Direct File free tax preparation program that was recently ended by the Trump administration. Sen. Elizabeth Warren, D-Massachusetts, introduced the Direct File Act last Friday…...