Ledger Lowdown

KPMG Cuts Partner Pay as Consulting Slumps

KPMG Cut The Partners Who Cost The Most

KPMG Australia is trimming the top of its partnership while scandal costs and weak consulting demand squeeze the firm.

Trump Put 18,000 Schools On Tax Watch

A proposed Treasury and IRS rule would turn race-based school policies into a tax-exempt status problem.

Tax Fraud, New 1099 Rules, and America’s Water Problem

2026 Form 1099 Reporting Rules Change Tips And Overtime

The IRS did not just add boxes to forms. It moved another client-data problem into the middle of tax season.

Illinois Tax Preparer Gets 3 Years For Filing False Returns

The Illinois tax preparer kept the scheme alive under other people's names while her criminal case was already moving.

Cindy Murphy Took The Long Road To CAO

The quietest promotion in accounting may be the one that says the most about how careers actually get built.

The IRS Lost 594 Laptops

The IRS Lost Its Own Laptops

After thousands of employees left, hundreds of IRS laptops and phones were still missing months later.

Deloitte's DEI Bill Came To $21.5M

The DOJ turned a Big Four hiring fight into a federal contracting problem.

The IRS is killing FIRE

The IRS Is Moving E-File Security Upstream

New API checks mean the filing-season problem may start inside the software setup, not the tax return.