The Taxpayer Assistance and Service (TAS) Act, Approved by Senate Finance Committee, Signals a Push for Improved Tax Administration

Washington D.C. – The American Institute of CPAs (AICPA) has voiced its strong support for the bipartisan Taxpayer Assistance and Service (TAS) Act, which recently received markup by the Senate…

Trump’s Attorney General Nomination Becomes High-Stakes Battleground as Senate Republicans Block Key Vote

The nomination of Todd Blanche to serve as Attorney General has ignited a fierce political showdown, pitting President Donald Trump against two influential Senate Republicans whose careers Trump claims to…

Foreign Buyers Invest $45.3 Billion in U.S. Residential Real Estate, Marking Significant Decline Amidst Global Economic Shifts

Foreign buyers injected $45.3 billion into the U.S. residential real estate market between April 2025 and March 2026. This figure represents a substantial 19.1% decrease in the total dollar value…

Grant Thornton Acquires CBIZ for $5 Billion in Landmark Accounting Industry Deal

The accounting profession is poised for a significant transformation following the announcement that Grant Thornton, a prominent private equity-backed firm, has entered into a definitive agreement to acquire CBIZ, another…

Pennsylvania’s Bold Move: Integrating Cryptocurrency into 529 and ABLE Accounts Sparks Debate on Retirement Portfolio Inclusion

The recent decision by Pennsylvania to permit cryptocurrency investments within its 529 college savings plans and ABLE (Achieving a Better Life Experience) accounts has injected a new dynamic into the…

IRS Recognizes National Whistleblower Day, Highlighting Program’s Impact on Tax Compliance and Revenue Recovery

July 30 marks National Whistleblower Day, an observance dedicated to honoring individuals who courageously report wrongdoing and safeguard public resources. This year, the Internal Revenue Service (IRS) is reaffirming its…

Mayor Mamdani Defends Property Tax Surcharge Amidst Concerns of Misapplication to Full-Time Residents

New York City Mayor Zohran Mamdani has staunchly defended his administration’s implementation of a new property tax surcharge targeting second homes, often referred to as a "pied-à-terre" tax, following reports…

America’s Middle Market Demonstrates Resilience with Strong Revenue Growth Amidst Strategic Investments in Productivity and Technology

The American middle market is exhibiting remarkable resilience in the face of ongoing economic uncertainty, maintaining robust double-digit revenue growth while strategically moderating hiring practices. This nuanced approach, detailed in…

BlackLine Launches Verity Prepare, an Enterprise-Scale AI System to Revolutionize Financial Close Processes

Accounting technology provider BlackLine announced Monday the general availability of Verity Prepare, a sophisticated multi-agent artificial intelligence system designed to infuse governed automation into the traditionally manual and time-intensive financial…

Former CPA Sentenced to Four Years in Federal Prison for Laundering $5.3 Million Stolen from Children’s Healthcare of Atlanta

A former certified public accountant, Ronald Deabler, 66, of Atlanta, has been sentenced to four years in federal prison and two years of supervised release for his role in a…