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News
IRS Tax Revenue Surged to Record High in FY 2025 While Audit Revenue Dipped 35%
2+ day, 21+ hour ago (511+ words) Fiscal year 2025 was a record-breaking 12 months for U.S. tax revenue, as taxpayers paid the IRS a total of $5.3 trillion, a 13.2% increase from FY 2023 and the most tax revenue ever paid, without adjusting for inflation, according to a recent report from the…...
UHY Adds Adamson & Co. in Texas
4+ day, 22+ hour ago (339+ words) Home > Mergers and Acquisitions Top 30 accounting firm UHY has combined with Adamson & Co., the largest independently owned CPA firm in Corpus Christi, TX. Financial terms of the deal weren’t disclosed. Managing partners Austin Adamson, Jennifer Perales, and Trevor Prewett will…...
CRI Merges in Morrison & Smith in Alabama
1+ week, 4+ day ago (342+ words) Home > Mergers and Acquisitions Top 25 accounting firm Carr, Riggs & Ingram has added Tuscaloosa, AL-based public accounting firm Morrison & Smith, expanding CRI’s presence in its home state. Financial terms of the deal weren’t disclosed. The Morrison & Smith team will continue to…...
What the New 1099 Reporting Rules Mean
1+ week, 4+ day ago (931+ words) The IRS has updated Forms 1099-NEC, 1099-MISC, and 1099-K for 2026 to separately report information related to tips and qualified overtime compensation. The 2026 tax year brings significant changes to information reporting. The Working Families Tax Cuts or H.R. 1 created new federal income…...
53% of Laid-Off Workers Believe AI Played a Role in Their Job Loss — But Most Were Never Told
2+ week, 3+ day ago (248+ words) Workers Are Split on AI’s Role in Their Layoffs More than half of laid-off workers (53%) believe AI or automation played a role in their job loss: Workers who suspect AI was involved outnumber those who received direct confirmation by 9 percentage…...
IRS to Open Office of Conservation Easements
3+ week, 2+ day ago (364+ words) In addition, the IRS said it's transitioning the process for settlements in conservation easement disputes, with roughly 1,100 of these cases currently pending. The IRS announced Wednesday the creation of the Office of Conservation Easements, which the tax agency said will…...
65% of Workers Say Their Job Didn’t Match the Description
1+ mon, 2+ day ago (485+ words) The findings point to a retention risk for employers, not just a recruiting issue. Only 18% of workers say they completely trust job descriptions to accurately represent a role, while 78% say they would consider leaving within the first year if a…...
Report Shows a Fundamental Shift in Ecommerce Fraud
1+ mon, 6+ day ago (285+ words) Home > Small Business Small Business | August 7, 2026 Account takeover attacks rose 78% and card-testing attacks surged 175%, highlighting how AI is accelerating credential theft and identity-based fraud Ecommerce fraud is entering a new era. What was once largely confined to stolen credit cards…...
Study: Top 10 Riskiest States to Quit Your Job Right Now
1+ mon, 4+ week ago (153+ words) Quitting your job in California right now could be a serious financial mistake. With more than 4 million Americans voluntarily leaving their jobs each month, a July 2026 report by Affordable Contractors Insurance reveals the top 10 states where it’s hardest to start…...
States are Getting Creative as Tax Policy Shifts at Record Speed, Says Avalara Report
3+ mon, 1+ day ago (625+ words) Home > Small Business Small Business | June 11, 2026 Lawmakers are increasingly expanding the sales tax base to encompass new categories of goods and services. A new report from Avalara, Inc., a provider of agentic AI for global tax and compliance, shows a…...