The shortage of accounting talent in the U.S., combined with margin pressure, a seemingly endless tax season, and ever-increasing hiring costs, has firms of all sizes looking overseas to have routine accounting, tax, bookkeeping and payroll work done for them.

A recent report by the Indiana CPA Society reveals that 52% of accountants expect their firms to reduce headcount by 20% over the next five years.

The One Big Beautiful Bill Act is triggering a fragmented response across states — one that is rapidly becoming a compliance headache for corporate tax teams, according to practitioners.

Nowadays, the default audience for a tax return is not a person but a machine, which has created a slightly different set of factors for preparers to consider.

Internal Revenue Service CEO Frank Bisignano called this tax season "the most successful filing season in IRS history."

The Trump administration dramatically reduced efforts ⁠to ⁠pursue tax cheats in 2025, government data ⁠shows, shedding tens of thousands of employees at the Internal Revenue Service, including those charged with ​enforcement.

Against the backdrop of the war in Iran, geopolitical turbulence is obviously high on companies’ risk concerns, but that was true even before the war began.

Maryland lawmakers probably face this question every January at the start of the General Assembly session: What can we bring home to our constituents in April to justify those 90 days in Annapolis?

The shoebox full of receipts is dead. Long live the agentic data extraction engine.

The refund bump has fallen short of projections.

As demand for accountants rises and the talent pipeline shrinks, small firms are facing an uphill battle to compete with industry giants for new hires.

As tax season 2026 comes to a close, new data show that price hikes for tax prep and planning are running at double-digit rates, even as billing rates for most other accounting services are flattening out.

Gov. Wes Moore signed 146 bills into law after Maryland legislators rushed Monday to pass legislation before the midnight deadline.

Happy #TaxDay, CPAs ... you made it!

As another Tax Day arrives, the average refund this year is $3,462, up 11%, or around $350, from 2025, according to IRS data.

Many longtime Maryland residents say they are being squeezed by a growing list of costs, even as state leaders argue they are protecting families and keeping the budget in check.

Montgomery County resident Alisa Weiner found it difficult to put her feelings into words Tuesday as she watched Gov. Wes Moore sign the Jillian and Lindsay Weiner Short-Term Rental Safety Act into law.

If there’s one thing firm leaders have learned over the past few years, it’s that the risk landscape never stands still. In our latest episode of our "Future-Proof" podcast, Stan Sterna of Aon takes a closer look at some of the most critical new risks facing firms today.

The PCAOB has released its 2025 Annual Report, which discusses how the board advanced its mission during fiscal year 2025 and provides the PCAOB’s financial results, including audited financial statements, the auditor’s report, and management’s report on internal control over financial reporting.

Cloud investment was supposed to deliver efficiency, but 69% of CFOs now believe that between 10% to 30% of such spending may be wasted.

North American CFOs are, for now, still riding high on the wider economy and their own organizations’ prospects, though their confidence in both appears to be dipping.

The confetti is being swept up from the rugs and lawmakers are packing their things after the 2026 Maryland General Assembly session adjourned for the year at midnight Monday night. Who is holding their head high having secured political or policy victories? And who is licking their wounds?

Uncredentialed preparers of tax returns often produced returns containing basic errors, inflated deductions, and misapplied credits, a nonprofit advocacy group’s investigation during the 2025 filing season found.

The Internal Revenue Service's Office of Professional Responsibility warned tax preparers against endorsing or negotiating taxpayers' federal refunds.

The Governmental Accounting Standards Board is proposing to overhaul the structure for providing guidance on U.S. GAAP for state and local governments, unifying it in a way that's similar to its sister organization, the Financial Accounting Standards Board.

Where does Maryland compare among states that tax recreational marijuana?

As the balloons and confetti fell at midnight, hundreds of proposed bills died, including special elections for state lawmakers, and dozens of bills squeaked through on the last day of the Maryland General Assembly’s 90-day legislative session.

What was a 90-day marathon for the Maryland General Assembly quickly evolved into an all-out sprint on Monday, a day known as Sine Die, or the end of the 2026 legislative session.

As AI reshapes accounting, professionals must balance its benefits with ethical responsibilities, guided by long-standing codes of conduct. Explore how accountants must balance innovation with responsibility.

If there were any remaining doubt, put them to rest: M&A is back — and then some.

As the April tax filing deadline approaches, millions of Americans are preparing their returns and anticipating potential refunds. For many, the federal tax refund represents an important financial boost — one that can help cover expenses, reduce debt, or increase savings.

What if to get a raise you just had to do ... nothing? Such is the design of how pay is set for the General Assembly’s 188 senators and delegates, where lawmaker raises are likely to take effect next year silently and without even a vote.

Over 2,600 bills were introduced during Maryland’s 2026 legislative session, but as the Monday midnight deadline nears, fewer than 600 have reached Gov. Wes Moore’s desk. That gap raises two central questions: How much did lawmakers truly accomplish, and how much will ultimately pass.

The Trump administration is scaling back tax enforcement, leaving fewer federal employees to audit returns, collect unpaid tax debts and deter Americans from skirting the law.

Employees report productivity gains with AI but not fundamental shifts in how work gets done.

Inflation in March jumped more than anytime since 2022 while a war-induced surge in gasoline prices pounded a measure of consumer sentiment this month to the lowest level since the start of data collection in 1952.

The availability of AI in the workplace has increased rapidly, yet many employees still do not use it regularly.

The accounting profession is changing faster than ever, and firm leaders are scrambling to keep up.

Many CPA firms face a growing competitive risk that has little to do with expertise and everything to do with how prospective clients form opinions before a conversation ever begins.

The IRS is warning taxpayers about the potential for AI-generated tax-collection scams as Tax Day approaches.

The rise of artificial intelligence has quickly sparked worries of job losses in America’s office cubicles. Whether this happens is a big question, but a new Goldman Sachs report analyzing past tech waves warns AI-displaced workers face potentially steep economic pain.

Accounting firms and their clients are increasingly using artificial intelligence and drones to do work long handled by humans. But so far, there’s been no technological solution to what is often the dirtiest part of an audit: counting inventory.

Accounting firms have built up a whole arsenal of strategies to cope with the shortage of new talent, but staffing issues are still top of mind for firm leaders.

Lenders and investors may still demand quarterly reports from companies even if the federal government does not, experts say.

Consumer spending inched up in February, reflecting gloomy expectations for inflation even before the Iran war triggered a spike in energy prices.

Maryland’s effort to add an additional pathway to CPA licensure has successfully crossed the finish line. House Bill 643 moved out of the Senate’s Education, Energy, and the Environment Committee without opposition earlier this week and earned unanimous approval from the full Senate late Thursday.

The state of Maryland has reached a settlement agreement with Grace Ocean Private and Synergy Marine Group, the owner and manager of the Dali, the ship that hit the Francis Scott Key Bridge in March 2024 killing six construction workers.

The state of Maryland has reached a settlement in principle with the companies that own and operate the cargo ship that destroyed the Francis Scott Key Bridge and killed six people.

The owners of the Dali, the ship that collided with the Francis Scott Key Bridge in March 2024, have settled with the state of Maryland for an undisclosed amount of money.

Federal Reserve officials at their March meeting still expected to lower interest rates this year, even with a high level of uncertainty from the Iran war and tariffs, according to minutes released Wednesday.