Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
Firm Management June 16, 2025
Bennett Thrasher Foundation Announces Investment in NABA Inc.
The contribution represents a shared commitment to expanding NABA Inc.’s proven programs focused on developing a diverse and comprehensive talent pipeline to shape the future of accounting and business.
Accounting Standards June 16, 2025
AICPA Seeks Comment on Proposed Criteria for Stablecoin Controls
The American Institute of CPAs (AICPA) is reinforcing its role as a leading voice in the treatment of digital assets by providing a framework for controls over stablecoins.
Taxes June 16, 2025
States Raise Serious Concerns Over PTET SALT Deduction Elimination, Highlighting Detrimental Impact on State Economies
State CPA societies across the country are expressing their strong opposition to a provision in the One Big Beautiful Bill Act which would eliminate the ability of specified service trades or businesses (SSTBs) to deduct state and local taxes (SALT) at the entity level.
Small Business June 16, 2025
Virtual Cards: A Game Changer for B2B Payments
Payments remain one of the most overlooked levers for improving control, efficiency, and financial outcomes. Yet today, it's one of the easiest to modernize thanks to virtual cards.
IRS June 16, 2025
IRS Employees in Philadelphia Who Were Laid Off in February Have Now Returned to Work
Probationary employees' jobs were in limbo for weeks. Meanwhile, many IRS workers across the agency are looking to leave.
Small Business June 16, 2025
Ex-SBA Employee Sentenced to 4 1/2 Years in Prison for PPP Fraud
Malaina Chapman, 38, of Hialeah, FL, who learned the system from the inside and cashed in on pandemic loans for herself and others was sentenced June 13 to over four years in prison for committing fraud.
Mergers and Acquisitions June 16, 2025
Doeren Mayhew Acquires Benoit & Associates in Michigan
In a move that adds to Doeren Mayhew's tax practice and expands its presence in West Michigan, the top 60 firm acquired Grand Rapids-based accounting firm Benoit & Associates CPAs, effective June 1.
Technology June 16, 2025
TaxPlanIQ Rolls Out New Tax Planning Features
TaxPlanIQ, a provider of tax planning software for tax and accounting firms, has launched several new features designed to make tax planning more efficient and scalable.
Technology June 16, 2025
Taxfyle Launches AI Tool TXF Intelligence
Taxfyle on Monday introduced TXF Intelligence, a generative artificial intelligence tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S.
Technology June 16, 2025
The Cyber Saga Continues: Protect Your Firm from First-Party and Third-Party Cyber Exposures
Relying on only one type of cyber insurance that may be limited to either first- or third-party coverage may leave businesses exposed to significant financial and legal risks.
Auditing June 13, 2025
PCAOB Docks Heaton & Co. $35K, Partner $25K for Multiple Audit Failures
The Utah-based firm and its founder/partner Kristofer Heaton were fined on June 12 for audit documentation, engagement quality review, and quality control failures involving five audits.
Accounting June 13, 2025
AICPA Submits Recommendations for 2025-2026 Priority Guidance Plan
The recommendations come from the AICPA’s Tax Technical Resource Panels and cover 10 areas, including corporations/shareholders, employee benefits, and exempt organizations.