Tax Practitioner Warns of AI Accuracy, Privacy Risks While AI can be a powerful tool, tax practitioners should always verify the accuracy of AI-generated output and take steps …
House Approves Multiple Tax Administration Bills The House advanced a series of bipartisan bills to improve tax administration via a fast-track procedure on Monday. The chamber …
A Push to Boost the Pass-Through Deduction After the One Big Beautiful Bill Act (OBBB) extended a provision allowing many small business owners to deduct 20% of …
House Committee Votes to ‘Gut’ Corporate Transparency Act The House Committee on Financial Services voted 26-25 on April 21 to advance legislation that would limit Corporate Transparency Act …
House Panel Advances Bill Slashing IRS Enforcement Budget, SEC Funds The House Appropriations Committee has advanced the fiscal year 2027 Financial Services and General Government (FSGG) funding bill, which would …
Bessent Defends Proposed $1.4B IRS Budget Cut Treasury Secretary Scott Bessent defended the Trump administration’s proposed $1.4 billion budget cut for the IRS for fiscal year 2027, …
Payroll Professionals Explore AI for Enhanced Documentation and Efficiency Payroll professionals recently convened for PayrollOrg’s “Talking Payroll Chat” on July 17, 2025, to delve into the transformative potential of …
US GAAP Undergoes ‘Evergreen’ Refresh, Aiming to Simplify Financial Reporting for Businesses Companies will operate under clearer accounting guidance within the next two years, as the Financial Accounting Standards Board (FASB) on …
House Panel Revisits Sarbanes-Oxley as Smaller Companies Cite Rising Burdens As Republican lawmakers seek to reduce compliance burdens for public companies, Section 404(b) of the Sarbanes-Oxley Act of 2002 was …