Bill Sheridan
@billsheridan.bsky.social
Cuba, NY, native. University at Buffalo alum. Adopted son of Baltimore and St. Louis. Speaker, author, and one of accounting's Most Influential People for 2016. (he/him/his)
Maryland Gov. Wes Moore told a gathering of county leaders in Cambridge Thursday that he will not propose tax increases to close a projected $1.5 billion budget gap in the coming fiscal year.
Moore pledges no taxes in coming session as state faces another massive budget gap - Maryland Matters
Gov. Wes Moore (D) told a gathering of county leaders in Cambridge Thursday that he will not propose tax increases to close a projected $1.5 billion budget gap in the coming fiscal year.
marylandmatters.org
December 12, 2025 at 5:58 PM
Maryland Gov. Wes Moore told a gathering of county leaders in Cambridge Thursday that he will not propose tax increases to close a projected $1.5 billion budget gap in the coming fiscal year.
OpenAI on Wednesday warned that its upcoming artificial intelligence models could pose a "high" cybersecurity risk, as their capabilities advance rapidly.
OpenAI warns new models pose 'high' cybersecurity risk
OpenAI on Wednesday warned that its upcoming artificial intelligence models could pose a "high" cybersecurity risk, as their capabilities advance rapidly.
www.reuters.com
December 11, 2025 at 8:40 PM
OpenAI on Wednesday warned that its upcoming artificial intelligence models could pose a "high" cybersecurity risk, as their capabilities advance rapidly.
Public Company Accounting Oversight Board officials are sounding a cautious note about the spread of artificial intelligence technology and private equity funding at accounting firms.
PCAOB warns auditors about AI and PE
Public Company Accounting Oversight Board officials are sounding a cautious note about the spread of artificial intelligence and private equity at audit firms.
www.accountingtoday.com
December 11, 2025 at 8:39 PM
Public Company Accounting Oversight Board officials are sounding a cautious note about the spread of artificial intelligence technology and private equity funding at accounting firms.
Subsidies for the Affordable Care Act appear set to expire for millions of Americans at the end of the year after competing health care related bills failed to advance in the Senate on Thursday.
Competing health care plans fail in the Senate as ACA premium hikes loom
The outcome was widely expected after Democrats and Republicans released dueling bills. Congress is under pressure to address health care costs before federal subsidies lapse at the end of the year.
www.npr.org
December 11, 2025 at 8:37 PM
Subsidies for the Affordable Care Act appear set to expire for millions of Americans at the end of the year after competing health care related bills failed to advance in the Senate on Thursday.
The chatter in recent years about needing to rewrite the accounting narrative to attract more students does not tell the whole tale. There’s a larger story that faculty can cite to pique the interest of potential accounting majors.
4 reasons why CAS offers a compelling career path
Why educators should help students explore the growing opportunities in client advisory services.
www.journalofaccountancy.com
December 11, 2025 at 8:35 PM
The chatter in recent years about needing to rewrite the accounting narrative to attract more students does not tell the whole tale. There’s a larger story that faculty can cite to pique the interest of potential accounting majors.
Senate President Bill Ferguson and House Speaker Pro Tem Dana Stein announced Thursday that redistricting will not be taken up during the upcoming special legislative session.
Redistricting not on agenda for MD special session
Maryland’s special legislative session will focus on electing a new House speaker and veto overrides; not redistricting.
thedailyrecord.com
December 11, 2025 at 8:26 PM
Senate President Bill Ferguson and House Speaker Pro Tem Dana Stein announced Thursday that redistricting will not be taken up during the upcoming special legislative session.
Gov. Wes Moore has entered the national ring when it comes to midcycle redistricting, but a new House speaker and a $1.4 billion budget deficit for fiscal year 2027 could sour that vision.
MD Gov. Wes Moore faces hurdles on midcycle redistricting
Gov. Wes Moore pushes for midcycle redistricting in Maryland, but a new House speaker and $1.4B deficit complicate the effort.
thedailyrecord.com
December 11, 2025 at 12:08 PM
Gov. Wes Moore has entered the national ring when it comes to midcycle redistricting, but a new House speaker and a $1.4 billion budget deficit for fiscal year 2027 could sour that vision.
The Federal Reserve on Wednesday, in a decision with three dissents, trimmed the main interest rate by a quarter point to a range between 3.5% and 3.75% as concerns about weakness in the job market overrode worries that inflation persists above the central bank’s 2% target.
Fed trims main rate by quarter-point, forecasts one cut in 2026
Policymakers reduced borrowing costs for the third time in 2025 amid persistent signs of cooling in the labor market.
www.cfodive.com
December 10, 2025 at 9:28 PM
The Federal Reserve on Wednesday, in a decision with three dissents, trimmed the main interest rate by a quarter point to a range between 3.5% and 3.75% as concerns about weakness in the job market overrode worries that inflation persists above the central bank’s 2% target.
While several recent reports expressed confidence that the recent upsurge in hefty M&A deals will continue into next year, it’s reasonable to wonder how solid those expectations truly are.
Large M&A deals expected in 2026 despite continuing geopolitical strife
Tariff jitters remain, but pent-up demand, rising stocks and stable interest rates are driving prospective buyers to pull the trigger on deals.
www.cfo.com
December 10, 2025 at 5:13 PM
While several recent reports expressed confidence that the recent upsurge in hefty M&A deals will continue into next year, it’s reasonable to wonder how solid those expectations truly are.
Australia is set to become the first country to implement a minimum age for social media use on Wednesday, with platforms like Instagram, TikTok and YouTube forced to block more than a million accounts, marking the beginning of an expected global wave of regulation.
Australia social media ban set to take effect, sparking a global crackdown
Australia is set to become the first country to implement a minimum age for social media use on Wednesday, with platforms like Instagram, TikTok and YouTube forced to block more than a million account...
www.reuters.com
December 10, 2025 at 5:11 PM
Australia is set to become the first country to implement a minimum age for social media use on Wednesday, with platforms like Instagram, TikTok and YouTube forced to block more than a million accounts, marking the beginning of an expected global wave of regulation.
Everyone from the board to management to employees has concerns about the new technology, said Joe Atkinson, PwC's global head of AI, in an appearance on CNBC's Squawk Box Asia on Tuesday.
PwC's AI chief says the tech is overwhelming — but early adopters are pulling in 3 times the revenue
PwC's AI chief says the pace of AI is leaving everyone overwhelmed, but companies that move fast are unlocking triple the revenue per employee.
www.businessinsider.com
December 10, 2025 at 5:09 PM
Everyone from the board to management to employees has concerns about the new technology, said Joe Atkinson, PwC's global head of AI, in an appearance on CNBC's Squawk Box Asia on Tuesday.
Federal tax prosecutions fell to their lowest level in decades this year, declining more than 27% from the year before as the Trump administration cut the ranks of attorneys and agents who pursue those cases, a Reuters examination has found.
Exclusive: Tax prosecutions plunge as Trump shifts crime-fighting efforts
Federal tax prosecutions fell to their lowest level in decades this year, declining more than 27% from the year before as the Trump administration cut the ranks of attorneys and agents who pursue thos...
www.reuters.com
December 10, 2025 at 5:05 PM
Federal tax prosecutions fell to their lowest level in decades this year, declining more than 27% from the year before as the Trump administration cut the ranks of attorneys and agents who pursue those cases, a Reuters examination has found.
Those in corporate finance who are expecting spreadsheets to lose relevance may want to check the habits of their youngest employees.
54% of Gen Z finance employees say they ‘love’ Excel
A love-hate relationship that now spans generations is still the driving force that keeps the tool a focal point across corporate finance.
www.cfo.com
December 10, 2025 at 5:04 PM
Those in corporate finance who are expecting spreadsheets to lose relevance may want to check the habits of their youngest employees.
Will there be an economic recession in 2026? Based on recent surveys of finance chiefs, it’s still anyone’s guess. In the fourth-quarter CNBC CFO Council survey, just over half of respondents (59%) said there won’t be a recession in the new year.
CFOs expect inflation to linger through 2027
Though more than half of finance chiefs surveyed by CNBC don’t anticipate a recession in the new year, a similar share think inflation will remain above the Fed’s target rate for a while.
www.cfo.com
December 10, 2025 at 5:03 PM
Will there be an economic recession in 2026? Based on recent surveys of finance chiefs, it’s still anyone’s guess. In the fourth-quarter CNBC CFO Council survey, just over half of respondents (59%) said there won’t be a recession in the new year.
Maryland's House and Senate welcomed two new members to their chambers Tuesday — just in time for a special legislative session next week.
House and Senate welcome newest members - Maryland Matters
The House and Senate swore in two new members Tuesday, with Del. Kevin Anderson (R-Lower Shore) and Sen. Kevin Harris (D-Calvert, Charles and Prince George's) being seated just in time for a special l...
marylandmatters.org
December 10, 2025 at 2:03 PM
Maryland's House and Senate welcomed two new members to their chambers Tuesday — just in time for a special legislative session next week.
The Baltimore County Council is expected to create the largest tax credit in its history next week, one that would save Tradepoint Atlantic and the world’s largest shipping company hundreds of millions of dollars.
Huge Baltimore County tax credit awaits world’s largest shipping company
The Baltimore County Council is expected to create the largest tax credit in its history next week, one that would save Tradepoint Atlantic and the world’s largest shipping company hundreds of million...
www.thebanner.com
December 10, 2025 at 1:40 PM
The Baltimore County Council is expected to create the largest tax credit in its history next week, one that would save Tradepoint Atlantic and the world’s largest shipping company hundreds of millions of dollars.
Gov. Wes Moore will call lawmakers back to Annapolis early to chose a new House speaker. A debate over redistricting is likely to occur during the regular General Assembly session that starts in January.
Md. governor to call special legislative session, but not for redistricting
Gov. Wes Moore will call lawmakers back to Annapolis early to chose a new House Speaker.
www.washingtonpost.com
December 9, 2025 at 9:11 PM
Gov. Wes Moore will call lawmakers back to Annapolis early to chose a new House speaker. A debate over redistricting is likely to occur during the regular General Assembly session that starts in January.
The Department of the Treasury and the IRS are providing guidance on new tax benefits for Health Savings Account participants under the One, Big, Beautiful Bill. These changes expand HSA eligibility, which allows more people to save and to pay for healthcare costs through tax-free HSAs.
Treasury, IRS provide guidance on new tax benefits for health savings account participants under the One, Big, Beautiful Bill | Internal Revenue Service
IR-2025-119, Dec. 9, 2025 — The Department of the Treasury and the Internal Revenue Service today issued Notice 2026-05 providing guidance on new tax benefits for Health Savings Account participants u...
www.irs.gov
December 9, 2025 at 8:03 PM
The Department of the Treasury and the IRS are providing guidance on new tax benefits for Health Savings Account participants under the One, Big, Beautiful Bill. These changes expand HSA eligibility, which allows more people to save and to pay for healthcare costs through tax-free HSAs.
As businesses look to navigate ongoing change, including stormy economic seas and geopolitical pressures, they’re leaning harder on their tax and finance functions to help drive strategy and craft value.
AI evolution prompts shift in tax, finance talent strategy: EY
Finance leaders need to hit the right mix of tech and accounting skills inside their teams to effectively function in an emerging AI-first world.
www.cfodive.com
December 9, 2025 at 8:02 PM
As businesses look to navigate ongoing change, including stormy economic seas and geopolitical pressures, they’re leaning harder on their tax and finance functions to help drive strategy and craft value.
Seventeen percent of companies investing in artificial intelligence say that productivity gains generated from the technology have led to reduced headcount, Ernst & Young said Tuesday.
Firms’ AI goals prioritize growth over job cuts: EY
“The data challenges the prevailing ‘headline news’ narrative that AI’s primary role is replacing the workforce,” EY’s Dan Diasio said.
www.cfodive.com
December 9, 2025 at 8:01 PM
Seventeen percent of companies investing in artificial intelligence say that productivity gains generated from the technology have led to reduced headcount, Ernst & Young said Tuesday.
Back to the basics. Paul Atkins, installed as SEC chair in April, hammered that message home Monday when he addressed attendees of the AICPA Conference on Current SEC & PCAOB Developments in Washington, D.C.
New SEC chair to CPAs: ‘Back to basics’
Paul Atkins, appearing at the AICPA Conference on Current SEC & PCAOB Developments, asked accounting professionals to focus on financial materiality and provided his thoughts on the future of the PCAO...
www.journalofaccountancy.com
December 9, 2025 at 7:59 PM
Back to the basics. Paul Atkins, installed as SEC chair in April, hammered that message home Monday when he addressed attendees of the AICPA Conference on Current SEC & PCAOB Developments in Washington, D.C.
President Trump said in a social media post Monday that he will issue an executive order this week to curb state laws on artificial intelligence, the latest win for a tech industry lobbying for deregulation.
Trump Promises Executive Order to Block State A.I. Regulations
www.nytimes.com
December 9, 2025 at 7:10 PM
President Trump said in a social media post Monday that he will issue an executive order this week to curb state laws on artificial intelligence, the latest win for a tech industry lobbying for deregulation.
The American Institute of CPAs advised the Treasury Department and the Internal Revenue Service to simplify the tax reporting requirements for partnerships and S corporations — or passthrough entities.
AICPA advises simplifying PTE reporting
The American Institute of CPAs advised the Treasury and the IRS to simplify the tax reporting requirements for partnerships and S corporations — or passthrough entities.
www.accountingtoday.com
December 9, 2025 at 7:08 PM
The American Institute of CPAs advised the Treasury Department and the Internal Revenue Service to simplify the tax reporting requirements for partnerships and S corporations — or passthrough entities.
The big red billboard planted by a solar company alongside a Southern California freeway warns passersby that the "Solar Tax Credit Is Expiring," beckoning homeowners to install solar panels and batteries before the Trump administration eliminates the generous incentive on Jan. 1.
Homeowners risk missing out on solar tax credits
Lengthy utility permitting times could imperil customers' tax credits if their systems aren't in place by Dec. 31.
www.accountingtoday.com
December 9, 2025 at 7:08 PM
The big red billboard planted by a solar company alongside a Southern California freeway warns passersby that the "Solar Tax Credit Is Expiring," beckoning homeowners to install solar panels and batteries before the Trump administration eliminates the generous incentive on Jan. 1.
The SEC is planning to encourage greater cooperation between U.S. and international standard-setters on accounting and auditing standards as a way to lower costs and complexity for multinational companies.
SEC aims to renew global coordination of accounting, auditing standards
The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international standard-setters.
www.accountingtoday.com
December 9, 2025 at 7:07 PM
The SEC is planning to encourage greater cooperation between U.S. and international standard-setters on accounting and auditing standards as a way to lower costs and complexity for multinational companies.