News

An uptick in confidence in the second quarter can’t disguise the overall dark mood.

Top 10 accounting firm Grant Thornton is acquiring fellow top 10 firm CBIZ to form a firm that’s outsized only by the Big Four in terms of U.S. revenue.

The Financial Crimes Enforcement Network (FinCEN) should soon finalize its interim rule restricting beneficial ownership information (BOI) reporting requirements to foreign companies, the head of the agency told Congress.

With technological change influencing where employees work, companies are signing fewer long-term leases.

Connecticut has enacted significant amendments to the Connecticut Data Privacy Act (CTDPA), expanding its scope and introducing new compliance obligations for businesses that collect, use, share, or sell personal information. Now, many businesses, including employers that may not think of themselves as “data companies,” could have new compliance obligations.

For a month each summer, sole practitioner Erica Goode, CPA, goes on a “social media detox” for her mental health.

From not having an AI policy or not sharing it with employees to incomplete or ambiguous accountability structures, there are basic mistakes business leaders should avoid.

Citing the increase in the cost of fuel, the IRS has set a higher optional standard mileage rate used to calculate the deductible costs of operating an automobile for business for the remainder of 2026.

Artificial intelligence has made phishing, fraud and deepfakes cheaper, quicker and harder to spot. With more accountants using AI tools than ever before, firms must look past the hype to tighten internal controls.

Learn how to help clients unmask fraudsters who try to take advantage of the havoc that natural disasters wreak.

The Internal Revenue Service and Security Summit partners today launched the summer “Protect Your Clients; Protect Yourself” campaign, a five-week series highlighting practical steps tax professionals can take to protect client data, their businesses, and themselves from evolving tax-related identity theft threats.

Four out of five CPAs attending a recent AICPA ENGAGE session said they’ve had clients victimized by a financial scam — and one attendee admitted she also was defrauded.

While most employers say they don’t plan to reduce headcount this year, almost half of employees plan to find a new job in the next six months, a global report shows.

Widely available AI is making payment fraud easier to perpetrate and harder to detect, raising the stakes for controls, verification, and professional skepticism.

Remaining workers often lose confidence in leadership or become less productive.

Change management related to technology, including the rise of artificial intelligence (AI), ranked as CPA firms’ leading issue by expected impact in the next five years, according to the latest CPA Firm Top Issues Survey.

Slow and steady wins the race, according to younger workers. They want to develop on their terms rather than rapidly climb the corporate ladder, a stance that challenges employers to reconsider how talent is rewarded in the workplace.

The gap between projected and actual return could widen further with increasing investments in complex new tools.

Finance teams are uniquely positioned to restore confidence by pairing AI tools with human judgment, stronger oversight and practical upskilling.

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).