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Latest News & Web Pages
Draft Income Tax Rules 2026: Simplified ITR Forms, Easier Compliance; What Taxpayers Should Know
8+ hour, 36+ min ago (711+ words) The income tax department has released the Draft Income-tax Rules, 2026, to operationalise the Income-tax Act, 2025. While these rules are still in draft form and may change after stakeholder consultations, they provide a detailed roadmap of how the new tax system…...
GHJ acquires Blueprint CFO
2+ day, 8+ hour ago (316+ words) GHJ acquired Blueprint CFO, a fractional CFO services firm." The transaction, which took effect Nov. 1, 2025 and was announced Monday, expands the Top 100 Firm's breadth of services and grows its geographic footprint in Southern California. Terms of the deal were not…...
IRS had some problems with tax relief for former hostages
2+ day, 8+ hour ago (436+ words) The Internal Revenue Service incorrectly labeled some taxpayers as hostages when providing tax relief, or failed to remove a special indicator for them after they were released from captivity, according to a new report. The report, released Thursday by the…...
Tax platform Accrual launches with AI automation support for all forms
2+ day, 9+ hour ago (426+ words) Accrual, a tax prep and review platform for firms that launched today with $75 million in funding, supports every federal and state tax form, as well as the unstructured data to fill it, according to its co-founder and CEO Cosmin Nicolaescu....
Turkey to hire EY for landmark privatization deal
2+ day, 10+ hour ago (404+ words) Turkey hired Ernst & Young LLP to lead a multibillion-dollar privatization of two landmark Istanbul bridges and a string of highways, according to people familiar with the matter. The London-based firm will advise the government on the sale of operating rights…...
Startup raises $75M to bring AI to accounting
2+ day, 10+ hour ago (541+ words) General Catalyst " the storied venture capital firm that's undergoing a transformation into a broader and more ambitious financial company " is making its latest play to use AI to transform a legacy business: This time targeting accounting." General Catalyst has put…...
New IRS withholding rules for third-party payments bring relief
2+ day, 13+ hour ago (850+ words) The IRS has finally addressed the reporting threshold confusion that has plagued tax practitioners since 2021. The Treasury and the IRS issued proposed regulations on Jan. 8 to align backup withholding rules with the One Big Beautiful Bill Act's restoration of the…...
AICPA to propose changes to attestation standards
2+ day, 15+ hour ago (331+ words) The American Institute of CPAs' Auditing Standards Board will soon be proposing a set of updates to its attestation standards to address sustainability information and other emerging assurance issues. The ASB plans to post an exposure draft online on Feb....
KNAV adds Affiniax Group
2+ day, 16+ hour ago (259+ words) KNAV Advisory acquired UAE-based assurance and advisory firm Affiniax Group, expanding its presence in the Middle East, effective Jan. 1, 2026. The transaction combines Affiniax's established local operations with KNAV's international network and systems. Affiniax will continue operating under its current leadership…...
Ryan acquires Meritax Advisors
2+ day, 18+ hour ago (292+ words) Tax and software provider Ryan acquired Meritax Advisors, expanding Ryan's property tax capabilities. "With Meritax Advisors joining Ryan, we're adding a disciplined, client-focused team with deep knowledge of the Texas property tax landscape," Damon Chronis, president of U.S. operations at Ryan,…...