Accounting & Tax Services
Big Four accounting firms and tax-preparation services. PwC, Deloitte, EY, KPMG, Intuit (TurboTax), H&R Block.
Bills that help Accounting & Tax Services
- Financial Services and General Government Appropriations Act, 2026 Rep. Joyce, David P. [R-OH-14] · confidence 0.90
Section 529 of the bill prohibits using funds to review or approve the budget for the Financial Accounting Standards Board (FASB) until the FASB withdraws the Accounting Standards Update on Income Tax Disclosures issued in December 2023. This restriction benefits accounting firms by preventing new disclosure requirements that could increase compliance costs, effectively providing a regulatory rollback.
- Taxpayer Experience Improvement Act Rep. Schweikert, David [R-AZ-1] · confidence 0.90
Section 5 expands online accounts and allows tax return preparers (as defined in section 6103(c) and 6109(a)(4)) to access taxpayer information and transmit responses, benefiting accounting and tax preparation services by enabling more efficient client service and remote work.
- Financial Services and General Government Appropriations Act, 2027 Rep. Joyce, David P. [R-OH-14] · confidence 0.90
Title I appropriates $165,000,000 for Treasury Inspector General for Tax Administration salaries and expenses, which supports tax enforcement and audit activities that benefit accounting firms through increased demand for tax compliance services.
- Financial Services and General Government Appropriations Act, 2026 Sen. Hagerty, Bill [R-TN] · confidence 0.90
Title I appropriates $160,000,000 for Treasury Inspector General for Tax Administration salaries and expenses, which supports tax enforcement and audit activities that benefit accounting firms through increased demand for tax compliance services.
- STABLE Act of 2025 Rep. Steil, Bryan [R-WI-1] · confidence 0.85
The bill requires monthly certification of reserve reports by independent registered public accounting firms, increasing demand for audit and attestation services (see Section 4(a)(4)).
- GENIUS Act of 2025 Sen. Hagerty, Bill [R-TN] · confidence 0.85
Section 4(a)(11) requires permitted payment stablecoin issuers with over $50 billion in outstanding issuance to prepare annual financial statements examined by registered public accounting firms. This creates a direct demand for audit and accounting services from the Big Four and other accounting firms, benefiting the accounting industry.
- GENIUS Act Sen. Hagerty, Bill [R-TN] · confidence 0.80
Section 4(a)(3)(A) requires monthly certification of reports by registered public accounting firms for permitted payment stablecoin issuers, increasing demand for audit and attestation services.
- National Taxpayer Advocate Enhancement Act of 2025 Rep. Feenstra, Randy [R-IA-4] · confidence 0.80
Section 2(a) amends the Internal Revenue Code to allow the National Taxpayer Advocate to appoint counsel, which may lead to increased demand for tax consulting services from accounting firms, citing the amendment to Section 7803(c)(2)(D)(i) of the Internal Revenue Code of 1986
Bills that harm Accounting & Tax Services
- To amend the Internal Revenue Code of 1986 to penalize improper compliance with certain taxpayer requirements, and for other purposes. Rep. Panetta, Jimmy [D-CA-19] · confidence 0.90
The bill amends the Internal Revenue Code to increase penalties for tax return preparers who fail to furnish valid identifying numbers, misuse identification numbers, or improperly prepare returns or misappropriate refunds. Sections 2-5 impose higher civil and criminal penalties, including fines up to $50,000 for individuals and $100,000 for corporations, and imprisonment up to 2 years for willful misuse of preparer tax identification numbers. These provisions directly affect accounting firms an