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Two October FASB drafts would retire the separate partnership test for the equity method and settle when payments to end users must reduce revenue.

Investor-backed firms, AI tools and new quality and licensing rules are reshaping accounting. What small businesses should ask about independence, fees and data security.

PCAOB staff estimate 23% of inspected 2025 audits had serious deficiencies, down from 38%, as QC 1000 and its newly SEC-approved amendments take effect December 15.

Rev. Proc. 2026-34 lets plan sponsors self-correct more mistakes, effective now. A separate correction program for certain IRA errors opens May 1, 2027.

A Brooklyn jury convicted a Queens preparer on Oct. 21, the latest in a string of federal preparer cases. How the schemes work and what filers should check before they sign.

The FTC's Oct. 19 report to Congress shows adults 60 and older reported over $3 billion in fraud losses in 2025, led by investment schemes and government and business impostors.

Treasury's Oct. 14 proposal implements the 2025 law's credit changes: full repayment of excess advance credits for 2026, narrower immigrant eligibility in 2027, new checks in 2028.

FBI, FinCEN and FTC reports show AI making impersonation fraud cheaper and more convincing. The best defenses are process controls: call-backs, dual approval and vendor-file discipline.

Proposed and temporary regulations explain how donors, states, and scholarship groups will use the new section 25F credit, which applies to gifts made on or after Jan. 1, 2027.

2026 is the first full year under the 2025 reconciliation law. Here is what is in effect, which timing moves matter, and the records and deadlines owners need for early 2027.

A Sept. 3 FinCEN alert and trend analysis detail how Southeast Asian scam compounds run "pig butchering" schemes against Americans, and how the money is laundered.

Comments are due Nov. 19 on a FASB draft that sets out when a stablecoin may be a cash equivalent and requires companies to break down what their cash equivalents hold.

Taxation can often feel like a daunting subject, filled with complex rules and regulations that seem to change every year. However, understanding the basics of taxation is crucial for individuals looking to manage their finances effectively. This blog post aims to demystify taxation, providing essential tips that can help you navigate your tax obligations with confidence. Eye-level view of a calculator and tax documents on a wooden table The Importance of Understanding Taxati

In the world of small business, effective accounting practices can be the difference between thriving and merely surviving. Many entrepreneurs underestimate the importance of sound financial management, often leading to cash flow issues and missed opportunities. This blog post will explore essential accounting practices that can help small businesses achieve long-term success. Eye-level view of a calculator and financial documents on a wooden table Understanding the Basics of

Fraud in finance is a pervasive issue that can have devastating effects on individuals and organizations alike. With the rise of digital transactions and online banking, the methods used by fraudsters have become increasingly sophisticated. Understanding how to identify and prevent fraud is crucial for anyone involved in financial activities. This post will explore the various types of fraud, how to recognize the signs, and effective strategies to prevent it. Understanding Fi