accounting tech - Tax Columbus

Navigating the Delinquent EIDL Loan Maze: Tax Professionals Face a Growing Crisis as SBA Refers Nearly Half a Million Loans to Treasury Collection

Tax professionals nationwide are experiencing an unprecedented surge in client inquiries as the Small Business Administration (SBA) has initiated the largest debt referral in its history, transferring nearly 500,000 delinquent…

The Clear Divide: Education, Not Salary, Dictates Work-Life Balance in Today’s Job Market

A groundbreaking report, "The Work-Life Balance Report," commissioned by resume-building service MyPerfectResume, has revealed a surprising determinant in achieving a healthy work-life balance: education. Contrary to prevailing assumptions that higher…

U.S. Tax Revenue Reaches Unprecedented $5.3 Trillion in Fiscal Year 2025 Amidst Shifting Enforcement Landscape

Fiscal year 2025 marked a watershed moment for the U.S. Treasury, as taxpayers contributed a record-shattering $5.3 trillion in tax revenue. This figure represents a substantial 13.2% increase over fiscal…

FASB OKs New Standard That Tightens Investment Company Fair Value Reporting

The Financial Accounting Standards Board (FASB) has issued a pivotal Accounting Standards Update (ASU) that fundamentally alters how investment companies, including prominent mutual funds and similar entities, will assess the…

Voluntary Digital Financial Reporting—Structural Design

The Governmental Accounting Standards Board (GASB) has taken a significant step towards modernizing how state and local governments present their financial information by issuing a discussion memorandum titled Voluntary Digital…

IRS Opens 2027 Compliance Assurance Process Application Window for Large Corporations

The Internal Revenue Service (IRS) has officially commenced the application period for its esteemed Compliance Assurance Process (CAP) program, specifically for the 2027 program year. This initiative, designed to foster…

Randa Vernon Named Next CEO and Chairman of the Board of HoganTaylor, Succeeding Randy Nail in 2027

Tulsa, OK – In a significant leadership transition poised to shape the future of one of the nation’s leading accounting and advisory firms, Randa Vernon has been selected by the…

UHY Merges with Adamson & Co., Bolstering National Presence and Middle-Market Service Capabilities

Farmington Hills, MI – Top 30 accounting firm UHY has announced its strategic combination with Adamson & Co., the largest independently owned CPA firm in Corpus Christi, Texas. This significant…

State CPA Society News & Updates: A Multifaceted Look at Professional Development, Technological Advancements, and Recognition Across the Nation

The Tennessee Society of CPAs (TSCPA) successfully hosted its fourth annual Future CPA Leadership Summit, drawing 32 ambitious accounting students from colleges and universities across the state. This pivotal event,…

Canada Imposes Significant Tariffs on Hundreds of U.S. Products in Escalating Trade Dispute

Canada is poised to impose tariffs of 15% to 50% on hundreds of products from the U.S. on Tuesday, a move Prime Minister Mark Carney believes will strengthen Ottawa’s negotiating…