SaaS Bubble Gets a Reality Check as Growth Slows and AI Turns Up the Heat
The easy-money days for software-as-a-service companies are over. For years, SaaS firms had a Wall Street-ready story: customers subscribe, revenue …
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 …
AI in Payroll: Efficiency Gains Come With Firm Limits, Expert Warns
As payroll teams face increasing pressure to process high volumes of data accurately and on time during tax season, artificial …
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 …
Banks File a Cash-Flow Statement Few Investors Use. Should It Be on the Chopping Block?
Why are banks still cranking out cash-flow statements that hardly anyone reads? That was the uncomfortable question hanging over a …
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, …
DOL Technical Release Addresses Proxy Advisors and ERISA Fiduciary Duties
DOL Technical Release 2026-01 (Apr. 1, 2026) Available at https://www.dol.gov/sites/dolgov/files/ebsa/employers-and-advisers/guidance/technical-releases/26-01.pdf The DOL has issued a technical release regarding the use …
Chair Atkins: SEC Nears Proposal to Allow Semi-Annual Reporting for Public Companies
Securities and Exchange Commission (SEC) Chairman Paul Atkins has indicated that the commission is very close to issuing a proposal …