Accounting
IRS extends research and development tax credit transition period
The Internal Revenue Service is extending the transition period for revising claims for the research and development tax credit, which...
GASB proposes standard on subsequent events, implementation guidance
The Governmental Accounting Standards Board issued an exposure draft Monday of a proposed statement on subsequent events, which are transactions...
FASB reviews impact of revenue recognition standard
The Financial Accounting Standards Board released a post-implementation review Monday of its revenue recognition standard, reflecting on the benefits and...
Grant Thornton lays off about 150 workers in the US
Grant Thornton laid off around 150 staff in the U.S., or about 1.5% of its roughly 9,700 employees there, the...
California pledges EV buyer rebate if Trump kills $7,500 credit
California Governor Gavin Newsom is promising to step in with a state electric-car tax credit if President-elect Donald Trump repeals...
AI costs go beyond AI systems themselves
Major accounting firms have been placing huge bets on artificial intelligence, having invested billions upon billions of dollars in the...
TCJA extensions or revisions: What lies ahead for 2025
Enjoy complimentary access to top ideas and insights — selected by our editors. Many accountants were doubtful of Donald Trump's...
Tax Fraud Blotter: Partners in crime
Captive audience; some disagreement; game of 21; and other highlights of recent tax cases.Barrington, Illinois: Tax preparer Gary Sandiego has...
On the move: KSM hired director of IT operations
Hannis T. Bourgeois celebrates 100 years with charitable initiative; KPMG and Moss Adams release surveys; and more news from across...
AICPA wary of new PCAOB firm metrics standard
The American Institute of CPAs is still concerned about the Public Company Accounting Oversight Board's new firm and engagement metrics...
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