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It’s Over, Ameribros
Deloitte to ramp up India operations with 50,000 new hires [International Accounting Bulletin]
Professional services company Deloitte plans to significantly expand its workforce in India by opening new locations in the country.
Big 4
Exclusive: India regulator accuses executives at EY, PwC of insider trading, notice shows [Reuters]
India’s securities regulator has accused current and former executives at the local units of PwC and EY, among others, of breaching insider trading rules involving a 2022 share sale by Yes Bank, according to a regulatory notice. The Securities and Exchange Board of India (SEBI) also accused executives at U.S. private equity firms Carlyle Group and Advent International of sharing unpublished price sensitive information related to the deal, in violation of insider trading rules, according to the notice, which was reviewed by Reuters.
KPMG’s UK boss Jon Holt in two-way race for global leadership [Financial Times]
KPMG’s UK boss Jon Holt and the Big Four accounting firm’s global chief operating officer Gary Wingrove are in a two-person race to lead the organisation, according to people familiar with the matter.
Firms must invest in real people to gain from AI, EY’s Teigland says [Reuters]
Companies will not get productivity gains from artificial intelligence unless they invest in real people and redesign how work is done, Julie Teigland, EY’s global vice chair, told Reuters on Thursday. “There is no ROI if you’re not willing to change the job descriptions,” Teigland said on the sidelines of the World Economic Forum, adding that companies need to adapt processes to capture AI’s benefits. She said AI’s labour impact will be “multi-generational,” changing entry-level positions and routine white-collar tasks, with employees needing to shift from “doing the task to supervising the task,” becoming “above the loop.”
Private Equity
Perspectives from the Profession: Rosenberg Associates Data: Independence vs. External Valuation: How PE Is Reshaping CPA Firm Buyouts [INSIDE Public Accounting]
As private equity (PE) continues to reshape the accounting profession, partners at firms that intend to remain independent are increasingly reexamining their internal buyout structures. A central question has emerged: should partner buyout multiples be adjusted to reflect the significantly higher valuations available through external sales to PE or other firms? For many partners, the answer carries meaningful implications, not only for firm strategy and long-term sustainability, but for the retirement value they have spent decades building.
— Going Concern (@going_concern) January 23, 2026
Careers
I’m a CPA with a masters. I just learned the new executive assistant at my job is making $10K more than me. How do I get a raise? [MarketWatch]
“We have compensation discussions coming up at work, and today I found out that one of the new executive assistants, who is 28 years old and started this week, makes more money than I do. Her role does not require any educational background. I’m 33, and my position required both a master’s degree and a CPA license. She started on Monday, and I’ve been here just over two years.”
CPAs Promote Accounting Careers at 66 NJ High Schools [NJBIA]
Through the NJCPA’s Career Awareness Program, 67 members visited high schools, often their alma maters, to discuss the many ways businesses and individuals rely on CPAs for financial guidance and business strategies. Discussions focus on various career trajectories available to CPAs and how data analytics and the latest technological trends play significant roles in shaping accounting functions today.
Tax
Trump floats idea to extend business tax break to homeowners [CNBC]
President Donald Trump on Wednesday floated the idea of allowing depreciation — a yearly income tax deduction to recover certain property costs over a set period of time — for personal residences. “The crazy thing is a person can’t get depreciation on a house, but when a corporation buys it, they get depreciation,” Trump said during an address at the World Economic Forum in Davos, Switzerland. “Okay, here’s something we’re gonna have to think about.”
Would California voters actually support a wealth tax on billionaires? [CalMatters]
In a sense, California has been taxing wealth since it became a state 175 years ago. Well into the 20th century, the state relied on taxing land and buildings which, in that agrarian period, were major forms of personal wealth. The state eventually imposed other taxes and by the 1930s, property taxes exclusively financed local services.
One Big Beautiful Bill Act Resources [CPA Journal]
Because the OBBBA will affect 2025 tax returns, CPAs will be looking for practical information on its impact. This column looks at three websites that provide some excellent, free resources: Wolters Kluwer, Thomson Reuters, and the Tax Foundation.
Will the OBBBA Tax Cuts Grow the US Economy? [Tax Foundation]
The US economy is on a tear lately, boosted by the One Big Beautiful Bill Act’s (OBBBA) income tax cuts signed into law in July but undercut by the administration’s erratic and punitive tariff policy. While the net effect is positive, it appears much of the economy’s surprising strength over the last year and in recent forecasts is coming from the boom in artificial intelligence (AI). Over the long run, OBBBA’s permanent extension of lower marginal tax rates on work, saving, and investment lays a solid foundation for stronger economic growth.
Consumer Alert: It’s Accrual World. When Searching for a Tax Preparer, Verify First, Hire Second [Connecticut Department of Consumer Protection]
This article is more for clients than our readers, we just thought it was a clever headline and want to commend the meme use within.
The Department of Consumer Protection (DCP) and the Department of Revenue Services (DRS) are warning the public about fraudulent tax professional scams that attempt to steal financial information. DCP oversees the State Board of Accountancy which offers licensure and training to Certified Public Accountants (CPAs). Last year, the agency received 58 tax-related complaints including complaints about individuals who practiced without a Firm Permit, improper tax filings, and professional misconduct.
New College Recruiting Pitch: Tax-Free NIL Earnings [National Conference of State Legislatures]
NIL—name, image and likeness—has revolutionized college sports and created new paydays for college athletes. But while the future remains uncertain amid questions about state laws, NCAA enforcement and federal intervention, there’s one reality everyone can count on: taxes. After years of lawsuits, state laws and NCAA rule changes, a $3 billion settlement has transformed student-athlete compensation, allowing direct payments to college athletes, some of whom make as much as $6.8 million annually, according to Sports Illustrated. But with those big checks come the possibility of big tax bills.