News

The U.S. Department of Labor’s (DOL’s) Wage and Hour Division announced it will rescind the Biden-era overtime rule, more than a year after federal courts vacated the rule (the “2024 Rule”). The recission formally ends the DOL’s effort to increase the salary threshold for overtime exemption eligibility under the Fair Labor Standards Act (FLSA).

The PCAOB issued for public comment a supplemental release regarding narrow, targeted proposed amendments to QC 1000, A Firm’s System of Quality Control, and related amendments to PCAOB forms and the QC reporting rule.

New research from talent solutions and business consulting firm Robert Half shows that professionals are reassessing their careers, and many are preparing to make a move in the second half of 2026. A survey of more than 2,000 U.S. professionals found that 46% plan to look for a new job in the next 6 months, up from 38% in the first half of 2026 and 27% one year ago.

Relief for renters and families bogs down despite huge surpluses.

Six months after President Donald Trump warned states not to regulate artificial intelligence, they are increasingly doing just that.

The Financial Accounting Standards Board (FASB) today today published a proposed Accounting Standards Update (ASU) intended to improve accounting guidance for certain market-return cash balance plans. The proposed ASU is based on a recommendation of the Emerging Issues Task Force (EITF). Stakeholders are encouraged to review and provide comments on the proposed ASU by August 10, 2026.

Innovative Asset Advisors Group (IAAG) is proud to celebrate its first anniversary, marking a year of significant growth, strategic expansion, and continued commitment to helping clients achieve their financial goals through a comprehensive, family office-style approach.

AI will not turn difficult clients into organised ones overnight. It will not make missing receipts appear, stop clients ignoring deadlines or remove every awkward conversation from practice life. But according to Prashant Ganti, vice president of product strategy at Zoho, that is not where AI's most immediate value lies.

The IRS will merge two offices that deal with tax practitioners — one that deals with misconduct and discipline and another that administers the preparer tax identification number (PTIN) program — a move the AICPA opposed.

Accounting undergraduate enrollment in U.S. colleges and universities showed strong growth in spring 2026 and continued to eclipse the performance of business-related fields of study in aggregate, according to recent data from the National Student Clearinghouse Research Center.

The Association of International Certified Professional Accountants (AICPA and CIMA) today launched Rise2040: Shaping the Future of Finance and Accounting, a global, profession-led initiative designed not simply to anticipate the future of the profession but to actively shape it.

A national advertising and social media campaign will highlight CPA Trust, an AICPA initiative announced Tuesday that is focused on deepening recognition of the accounting profession’s full range and value.

Blue J, the leading AI-powered tax research solution, and CPA.com, the trusted partner in accounting and finance transformation, today released the second annual AI Tax Research Solution Outlook Report, examining how AI-powered tax research adoption is reshaping accounting firms and changing how practitioners work.

Twelve of Connecticut’s 36 state senators were present for all of the 410 votes in the Senate during the 2026 legislative session, thus ending up with perfect voting records this year.

Analysts predict deficits unless officials find a balance

Business executive sentiment reflects a growing divide between macroeconomic concerns and own-company optimism, according to the second-quarter AICPA and CIMA Economic Outlook Survey. While optimism about broader economic conditions softened, confidence in individual organizations continued to edge higher, highlighting a cautious but resilient business outlook.

Nearly 100,000 state residents will be receiving letters in the mail starting this week informing them that some or all of their medical debt has been erased under a partnership between the state and the national nonprofit organization Undue Medical Debt.

AI can speed things up for finance teams, but Kevin Phillips says teams need to keep questioning the answers rather than accepting them too quickly.

The maximum contribution amounts for a health savings account (HSA) — which can be used to pay qualified medical expenses — and certain related benchmarks will be slightly higher next year.

Nearly 7 in 10 retirees are concerned about managing their savings so they don’t run out of money, yet a similar share aren’t working with a financial adviser.