Accounting News & Newsletter

Lawmakers Demand the IRS Release Its Delayed Tax Gap Estimate

IRS & Regulation

Nov 3, 2026

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2 min read

Lawmakers Demand the IRS Release Its Delayed Tax Gap Estimate

IRS & Regulation

Nov 3, 2026

•

Lawmakers Demand the IRS Release Its Delayed Tax Gap Estimate

Forty-seven Democrats want the agency to publish its overdue measure of taxes owed but not paid on time and explain any methodology changes.

Hannah Olsen

Firm Growth

KSM Adds 17-Person IT Team to Build a Managed Intelligence Business

Nov 3, 2026

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KSM Adds 17-Person IT Team to Build a Managed Intelligence Business

Blackink IT gives the employee-owned accounting firm an operating team for cybersecurity, cloud systems, user support, automation, and analytics.

Emily Asher

Audit

PCAOB Wants to Retire a 135-Day Comfort-Letter Rule

Nov 3, 2026

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PCAOB Wants to Retire a 135-Day Comfort-Letter Rule

The proposal would tie an auditor's ability to give negative assurance to an issuer's SEC reporting duties instead of a fixed calendar cutoff.

Larry Olson

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Tax Regulation

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IRS & Regulation

Lawmakers Demand the IRS Release Its Delayed Tax Gap Estimate

Forty-seven Democrats want the agency to publish its overdue measure of taxes owed but not paid on time and explain any methodology changes.

Hannah Olsen

Nov 3, 2026

Tax

Private Credit's Hidden Tax Bill Can Arrive Months After April

Partnership K-1s, multistate returns, and taxable income without matching cash can turn an attractive yield into a filing project.

Hannah Olsen

Nov 2, 2026

IRS & Regulation

FASB Wants More Warrants to Qualify as Equity

A proposed acceptable-variables test would replace the hard-to-apply fixed-for-fixed assessment for contracts tied to a company's own stock.

Emily Asher

Nov 2, 2026

Firm Growth & Technology

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Firm Growth

KSM Adds 17-Person IT Team to Build a Managed Intelligence Business

Blackink IT gives the employee-owned accounting firm an operating team for cybersecurity, cloud systems, user support, automation, and analytics.

Emily Asher

Nov 3, 2026

Firm Growth

Accounting Firms Are Turning PTO Into a Retention System

The strongest programs do more than offer vacation days. They close the office, shorten summer weeks, and protect time for the CPA exam.

Emily Asher

Nov 3, 2026

Firm Growth

The Accounting Firms Turning Interns Into Future Partners

Two midsized firms are using real client work, broad training, flexibility, and visible leadership paths to keep young accountants for the long haul.

Larry Olson

Nov 3, 2026