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Treasury Proposes Regulations Defining Qualified Tips and Eligible Occupations
Accounting
The US Treasury has issued proposed regulations that clarify how the new tip deduction under the One Big Beautiful Bill…
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PCAOB Issues Guidance on Broker-Dealer Exemption Report Reviews
Accounting
The Public Company Accounting Oversight Board (PCAOB) has released a staff publication for auditors of SEC-registered…
Read More
OBBBA Changes Educator Deduction in 2026
Accounting
Beginning in 2026 tax year, the One Big Beautiful Bill Act changes how K-12 educators deduct unreimbursed classroom costs.…
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How Accounting Firms Are Rethinking Hiring in 2025
Accounting
Accounting firms are hiring in a tighter, more selective market, with the biggest gap at the experienced associate through…
Read More
PCAOB Posts Technology Working Group Study and Recommendations
Accounting
On Sept. 3, the Public Company Accounting Oversight Board posted two documents from its Technology Innovation Alliance (TIA)…
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OECD Outlines Side-by-Side Path to Address US Concerns on Pillar Two
Advocacy
The Organization for Economic Co-operation and Development (OECD) has circulated a 30-page draft, dated Aug.13, proposing…
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IRS Moves to Rescind Deferred Resignations
Accounting
According to Federal News Network, the IRS will allow some employees who accepted incentives to leave the agency to rescind…
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Firms Plan Fee Increases in 2026 as Value Pricing Accelerates
Accounting
Most accounting and tax firms expect to raise fees in 2026, and many more are moving away from hourly billing toward pricing…
Read More
IRS Wait Time Stats Don’t Match Taxpayer Experience
Advocacy
A new report from the Treasury Inspector General for Tax Administration (TIGTA) finds that key metrics used by the IRS to…
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