A U.S. District Court has barred Aric Elliot Schreiner and his company, the Columbia CPA Group, from abusing the use of charitable remainder annuity trusts for tax dodges. He has also been ordered this month to disgorge $400,000 in proceeds he earned.

Accounting firm Sikich has received a $250-million minority investment from Bain Capital.  It is the latest in a series of private equity investments in accounting firms.

Wolters Kluwer is introducing generative AI to its tax and accounting suite. The company has also taken steps to dramatically reduce the possibility of error—the widely talked about hallucinations.