Accounting Today, an Arizent brand, is the independent news and information resource for tax and accounting professionals.

With the advances in AI, accounting graduates in 2030 will need to be ready, more than ever, to use their fundamental accounting knowledge to think critically regarding output and be ready to take on difficult, uncertain situations. sbrew.link/NNmhuvBO #accounting #AI
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The IRS accepted over 470,000 electronically filed tax returns claiming $977 million in questionable deductions for automobile loan interest, according to a new report reviewing the IRS’s implementation of some of the new tax deductions that were part of last year’s tax and spending package. sbrew.link/X1WiBRRt #IRS #tax
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PricewaterhouseCoopers @PwC reported that its global revenue for the fiscal year ending June 30, 2026 reached $60.2 billion, up 5.7% in U.S. dollars and 3.5% at constant exchange rates over the prior fiscal year. sbrew.link/vB3z157b #accounting
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ACE Scholarships, a national Scholarship Granting Organization, is partnering with thousands of tax professionals and CPAs to raise awareness of the new Education Freedom Tax Credit that was included as part of last year’s One Big Beautiful Bill Act to provide tax credits for parents to send their children to private schools. sbrew.link/LvAy8GkF #tax #education
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The @AICPA and the Artificial Intelligence Underwriting Company announced a plan to launch a joint assurance certification that combines the organizations' respective SOC 2 and AIUC-1 examination processes into a single comprehensive independent review of business risk related to AI systems and agents. sbrew.link/PC6YanTp #accounting #AI
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The IRS and the Treasury Department released final regulations implementing allowing the IRS to directly accept payments of tax by credit or debit card, without having to connect taxpayers to third-party payment processors. sbrew.link/LeuqI7Wt #tax #IRS
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The Governmental Accounting Standards Board plans to allow accountants time to adjust to its existing standards over the next two years before hitting them with new GASB standards before 2029. sbrew.link/ETYyenru #accounting
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Podcast: Unlocking the capabilities of artificial intelligence may well require rethinking the entire structure of the accounting firm, suggests Ascend founder and CEO David Wurtzbacher. accountingtoday.com/podcast/…
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The Internal Revenue Service needs to do more to identify and take action to protect taxpayers from so-called "ghost preparers" who don't sign their clients' returns and expose them to tax fraud, according to a new report from the @USGAO. sbrew.link/mFnuNrwo #tax #fraud #IRS
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The IRS has started issuing refunds to over 50,000 taxpayers who benefited from the adoption tax credit carryforward from prior years, the latest in a series of payouts to taxpayers ahead of the midterm elections. sbrew.link/iZPR6ple #tax #IRS
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