CPA firms cut jobs while raising wages
Total employment in accounting and tax services dropped by 9,200 jobs in the past year, but average hourly pay jumped 6.1% to $43.88.
Xero partners with Plaid for expanded US bank feeds
Xero partners with Plaid to expand US small business bank feeds, offering over 1,000 direct connections by late 2025 for faster, more reliable banking data.
Treasury faces tight deadline for rules on Big Beautiful Bill
Treasury has just 45 days to write some rules for Trump's Big Beautiful Bill. That's not much time considering how complex this stuff gets.
IRS staff cuts are setting up next year's tax season for trouble
IRS workforce reductions have led to long wait times for identity theft victims, technology struggles, and mounting challenges for the upcoming tax season, all while major tax law changes are on the horizon.
When AI efficiency backfires: PwCās clients demand discounts
PwC bragged about using AI to work faster and eliminate billable hours. Then clients started asking for discounts.
Trump immigration policy may hit US economy hard
A new Federal Reserve study shows Trump's immigration policies could slash US economic growth by nearly a full percentage point in 2025.
Rethinking internal controls in the age of AI
Discover how simple text prompts can compromise AI systems in accounting and finance, and learn why traditional internal controls need urgent updates for the AI era.
Why Historical Cost Accounting Is Broken (And What Could Fix It)
What if the very foundation of accounting is broken? In my latest Earmark Podcast episode, I explore this thought-provoking question with Tom Selling, an expert on SEC compliance, GAAP, IFRS, and more.
The $400 Million Question: Should Congress Eliminate the PCAOB?
The One Big Beautiful Bill Act eliminates the Public Company Accounting Oversight Board. Is this good for the accounting profession? The PCAOB costs $400 million a year. Is it worth it? In this episode of the Earmark Podcast, I seek answers to these questions from three of the nation's leading accounting academics.
"You Are Right to Be Worried" ā A PE-backed Accounting Firm CEO's Honest Take
David Wurtzbacher explains how his "anti-rollup" model at Ascend helps accounting firms maintain independence while accessing enterprise resources.