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Latest News & Web Pages
On the move: A new chair for FICPA
2+ hour, 16+ min ago (180+ words) Amy Kistka was installed as the new chair of the Florida Institute of CPAs; new leaders at the Public Company Accounting Oversight Board; a host of scholarships from Sikich, Rubin Brown, and the Illinois CPA Society; and other firm and…...
Trust exercises for accountants
3+ hour, 8+ min ago (231+ words) Accountants are justly proud of their position as the economy's "most trusted advisor," a position you have earned through your integrity and the value you have consistently delivered to your clients and communities. The question is, what are you doing…...
Boomer's Blueprint: Why 150 audit leaders stopped competing and started collaborating
1+ day, 3+ hour ago (527+ words) In March 2025, Jennifer faced a challenge: Her firm wanted to implement artificial intelligence for workpaper population, but nobody on the team had done it before. They could hire a consultant for $50, 000 and hope for the best, or they could figure…...
Alibaba-affiliate Ant Group rushes into humanoid robots with a dozen deals in 18 months
1+ day, 19+ hour ago (360+ words) BEIJING " Alibaba-affiliate Ant Group is ramping up its move into humanoid robots. Ant has led a 500 million yuan ($73. 58 million) funding round in humanoid robotics company Zeroth, the start-up announced Thursday. It's the 12th company in the sector that Ant has invested…...
CLA acquires Perkins & Co.
1+ day, 22+ hour ago (190+ words) Top 20 Firm Clifton Larson Allen acquired Regional Leader Perkins & Co. , effective today. Perkins & Co. is an accounting and advisory firm based in Portland, Oregon, that services privately held businesses and nonprofits across Oregon and Washington. The deal expands CLA's presence…...
The AI conversation the profession isn't having
2+ day, 3+ hour ago (936+ words) Guidance from the IRS on AI captures only part of the picture. The obligations it describes are real and enduring. What it does not fully address is how the frameworks for meeting them were built for a different generation. The…...
Condo casualty losses: Deductions for common-interest property
2+ day, 21+ hour ago (934+ words) When disaster strikes a condominium or planned community, owners often pay for common-area repairs " but don't always get the casualty loss deduction they expect. This article addresses when deductions are allowed and how communities might restructure ownership to unlock tax…...
Stacking" charitable contributions up to the 60% limit
2+ day, 21+ hour ago (20+ words) The OBBBA sought to clarify AGI'based charitable contribution deduction limits but instead added uncertainty over how those limits apply....
The end of deferral: Calculating QOZ gain recognition on Dec. 31, 2026
2+ day, 21+ hour ago (22+ words) A critical milestone in the qualified opportunity zone program looms, and understanding how to calculate the required deferred gain recognition is essential....
The historical shift in transfer pricing penalty enforcement
2+ day, 21+ hour ago (25+ words) Once rarely imposed, transfer pricing penalties are now a routine feature of IRS examinations, making the quality of transfer pricing documentation more important than ever....