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IRS-CI helped catch Brown University killer
3+ hour, 51+ min ago (283+ words) Agents with the Internal Revenue Service's Criminal Investigation unit reportedly helped track down the shooter who terrorized Brown University in Providence, Rhode Island, killing two students and wounding nine others, and killing a Massachusetts Institute of Technology professor two days…...
Standard business mileage rate to go up
6+ hour, 59+ min ago (288+ words) The optional standard mileage rate for business use of automobiles will increase 2.5 cents next year, while the mileage rate for vehicles used for medical purposes will decrease half a cent, the IRS announced. According to IRS Notice 2026-10, beginning Jan. 1, the…...
AICPA proposes new rules for alternative practice structures
7+ hour, 2+ min ago (315+ words) The American Institute of CPAs has proposed a set of revisions to its Code of Professional Conduct regarding the kinds of alternative practice structures set up by firms that have accepted private equity investment. The proposed revisions include changes in…...
CFOs should protect growth gains from hidden costs
9+ hour, 48+ min ago (382+ words) While CFOs focus on external growth threats " supply chain costs, competitive pressure, talent shortages " a more insidious drain often operates undetected within their own finance departments. As organizations get more complex, with new systems and merged systems coming together, finance…...
Tax Fraud Blotter: Bunch of gems
2+ day, 23+ hour ago (645+ words) Greenwich Connecticut: Exec Jeffrey Arsenault, 63, has pleaded guilty to tax evasion. From 2019 through 2022, Arsenault also received approximately $2.2 million in net income for performing consulting services for third-party investment firms.Although he knew that he was entitled to only 70% of the…...
Guidance coming on recovering dyed fuel excise tax
3+ day, 6+ hour ago (336+ words) The Treasury and the Internal Revenue Service say guidance is forthcoming on a new method for recovering federal excise tax paid on dyed fuel established under the One Big Beautiful Bill Act. Announcement 2026-01provides general information on claiming a payment under…...
A yellow light never turns green
3+ day, 9+ hour ago (833+ words) A few weeks ago, a friend shared a piece of advice with me that he got from a longstanding firm partner " one of those guys who has a way of distilling life into one-liners that hit harder than any management…...
Halfpricesoft launches ez1099 2025 solution
3+ day, 10+ hour ago (303+ words) Accounting software company Halfpricesoft unveiled its ez1099 2025 solution for the preparation, printing and e-filing of essential IRS forms for businesses and tax professionals." The cost is $79 per installation for the basic print and mail version of ez1099 Software. For $139 per installation, the…...
Governmental Accounting Standards Advisory Council members appointed
3+ day, 11+ hour ago (256+ words) The trustees overseeing the Financial Accounting Foundation have named three new members of the Governmental Accounting Standards Advisory Council and reappointed 11 current members for another term starting in the New Year. All of the GASAC appointees' terms will start Jan....
CPA Canada signs pact with African accounting group
3+ day, 12+ hour ago (236+ words) Chartered Professional Accountants of Canada has signed a memorandum of understanding with the Pan African Federation of Accountants to work together to advance professional education, capacity building and global collaboration within the accounting profession. PAFA is the only African organization…...