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The PCAOB on Wednesday shared updated agendas for standard setting, research, and rulemaking projects.

The Senate unanimously approved the Taxpayer Assistance and Service (TAS) Act on Wednesday, advancing a bipartisan package of taxpayer-focused reforms that the AICPA called a “significant achievement” for taxpayers and tax professionals.

An audit by the Treasury Inspector General for Tax Administration (TIGTA) concluded that the IRS’s chatbot and live chat applications used by the Automated Collection System (ACS) lacked performance measures, reliable data, and adequate performance.

Firms that just survive one busy season after another are not the same as firms that choose what comes next. During busy times, firms are always moving from one tax return to the next. The work is often quiet and structured and rarely urgent in a strategic sense. We as firm leaders tell ourselves the work will get done because it always does, and we push ourselves to the limit to meet the deadline or client expectations. We thrive on the excitement of busy season and the huge sense of accomplishment of checking off tasks each day.

With gas prices on Connecticut residents’ minds, Republicans on Wednesday called on Gov. Ned Lamont and General Assembly Democrats to suspend the state’s gasoline and diesel fuel taxes through the end of the year.

Treasury and the IRS issued temporary regulations (T.D. 10056) and proposed regulations (CC-00226466-26) Tuesday to automatically enroll eligible children in Trump accounts after developing a structure they said overcame barriers that previously made automatic enrollment impractical.

A first-of-its-kind U.S. Government Accountability Office (GAO) report estimates annual federal tax fraud losses of between $116 billion and $304 billion and says the IRS needs a coordinated strategy for managing fraud risks.

The title of a newly released watchdog report says it all about the IRS process for resolving identity theft cases: It is long, costly, and frustrating.

Teikametrics CFO Brian Beaupre is changing how he evaluates young candidates. Meanwhile, a discussion on The Accounting Podcast asks where they’ll gain the judgment senior roles require.

IRS2Go becomes IRS app, adding secure mobile access to selected Individual Online Account services

Democrats targeted Republican candidate for governor Ryan Fazio for his vote against a comprehensive online safety bill during the last session, calling the Greenwich state senator an impediment to AI regulation.

The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) intended to improve accounting guidance for residential mortgage servicing rights. 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 November 9, 2026.

A familiar pattern is underway in corporate America. Many companies now use the post-Labor Day period to tighten their onsite work expectations. Leaders ask their people to endure the cost and inconvenience of more in-office work but offer no proof that it will benefit them or the firm. They promise stronger culture, improved collaboration, more effective mentorship and other advantages. Yet, they rarely define measurable outcomes to show their policy was a success.

The AICPA and former IRS commissioner Danny Werfel will lead an initiative bringing together leaders to advance practical approaches to the responsible use of artificial intelligence in tax administration and tax practice.

In a survey by enterprise planning firm Board, finance chiefs were likelier than CIOs and COOs to follow a recommendation from an AI tool when if it “conflicts with their instinct.”

Connecticut residents will be offered a series of free virtual webinars to help them better understand student loan repayment and forgiveness options amid continuing changes to federal student loan programs.

As Connecticut businesses brace for another round of double-digit health insurance increases, the state’s two candidates for governor agree healthcare has become an affordability problem — but offer significantly different ways to address it.

Plan to save families $2,000-plus hinges on fiscal good fortune, healthcare cuts

Wire transfer fraud is a risk to any business. Here are 10 actions to take to help prevent your firm from falling victim to a wire fraud scam. Wire transfer fraud, typically perpetrated via business email compromise, is a known risk to all types of businesses, including CPA firms. When a CPA firm handles client money, additional risk ensues.

For the second consecutive year, a watchdog has labeled the IRS’s cybersecurity program so ineffective that taxpayer data could be at risk if the agency fails to address security weaknesses.