ACCOUNTING

New regs on changing accounting methods for research

Revenue Procedure 2024-34 expands the waiver of the eligibility rules to account...

IRS targets large partnerships for increased audits

The Internal Revenue Service is ramping up its scrutiny of large partnerships, l...

IRS seeks to bolster foreign trust, gift transactions r...

Tax professionals are calling for changes to the proposal, even though they welc...

One-fourth of accountants want more DEI

Twenty-five percent of accounting professionals want to increase their roles in ...

Researchers teach LLMs to use spreadsheets well

Microsoft researchers believe they have found a way to overcome the traditional ...

Hourly earnings growth fell at small businesses in August

Hourly earnings growth for workers at small businesses dropped to 2.89% in Augus...

IAASB releases handbook for int'l audits

The International Auditing and Assurance Standards Board 2023-2024 Handbook incl...

Everything is now e-commerce: Are you ready?

Welcome to the era of e-commerce accounting, where digital transactions are over...

Modernizing your tax workpapers process

For too long, tax departments have longed to improve their workpapers process, b...

Art of Accounting: Complaint about the price of my memoirs

I received a complaint recently that my Memoirs of a CPA book is priced too high.

U.S. starts dispute process on Canada's digital service...

The U.S. has taken a first step toward a challenge of Canada's DST on large fore...

Tech news: CohnReznick touts new digital forensics lab

Plus, Crowe solution streamlines financial spreading process; Patriot Software r...

US seeks dispute consultations on Canada's digital serv...

The U.S. has taken a first step toward a potential challenge of Canada's digital...

2025 tax planning: Four boxes you need to check

Transfer pricing, Pillar Two, GLAM and more are important considerations.

IRS hasn't ensured audits remain low for taxpayers unde...

The Treasury Department directed the IRS not to use any additional Inflation Red...

Deloitte rower earned gold at Paris Olympics

Olli Zeidler was one of 10 Deloitte professionals who competed at the 2024 Olymp...

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