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Accounting is changing, and the world can't wait until 2026

Accounting Today

EDT 3 Min Read Facebook Twitter LinkedIn Email The accountant the world urgently needs has evolved far beyond the traditional role we recognized just a few years ago. We must confront a critical question: If we continue to train accountants solely to file tax reports, are we truly equipping them for the challenges of todays world?

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IRS FIRE's going out for 2027 tax season

Accounting Today

EDT 1 Min Read Facebook Twitter LinkedIn Email Andrew Harrer/Bloomberg Tax year 2026 and filing season 2027 are the target date for retiring the Filing Information Returns Electronic, or FIRE, system. All rights reserved. FIRE will not be available for submissions in filing season 2027.

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In the blogs: Breathing room

Accounting Today

Sovos ( [link] ): The IRS will decommission the Filing Information Returns Electronically system in January 2027; all 2026 returns will need to use the new IRS Information Returns Intake System. All rights reserved. The window for preparation is closing fast. By Paige Hagy June 16 Like what you see?

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The accountant's advantage over technology in fraud prevention

Accounting Today

Accounting Technology Fraud prevention Fraud MORE FROM ACCOUNTING TODAY Practice management BDO names Matt Becker next CEO Matthew Becker, BDO USAs national managing principal of tax, has been ratified by a principal-wide vote to succeed Wayne Berson as the firms next CEO, effective July 1, 2026. All rights reserved.

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M&A roundup: Meaden & Moore; Platform Accounting expand

Accounting Today

Madison Street Advisors offers tax planning and preparation, focusing on audit mitigation strategies and reduction of audit profiles. It also offers bookkeeping services, audit defense and resolution, and other business services. "We All rights reserved.

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On the move: RRBB adds partner

Accounting Today

CONNECTICUT FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut Courtesy of GASB The Financial Accounting Foundation board of trustees announced it is seeking nominations for new members to join the Financial Accounting Standards Advisory Council for an initial one-year term beginning Jan. All rights reserved.

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Mississippi, Texas storm victims get tax relief

Accounting Today

By Chris Gaetano June 20 Audit Senate Parliamentarian rejects PCAOB provision in tax bill The provision would have eliminated the Public Company Accounting Oversight Board and transferred its responsibilities to the Securities and Exchange Commission. All rights reserved. For individual taxpayers, this means Oct.

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