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Latest News & Web Pages
Grant Thornton's Peko: Reject incrementalism, embrace change
18+ hour, 11+ min ago (477+ words) Jim Peko, the CEO of Grant Thornton Advisors LLC, says it was only by abandoning a vision of incremental change that the Top 10 Firms was able to achieve the rapid growth they've experienced over the past few years." Much of…...
IRS ends union contract
18+ hour, 38+ min ago (294+ words) The Internal Revenue Service has terminated its collective bargaining agreement with the National Treasury Employees Union, the labor union representing most IRS and Treasury Department employees, following up on an executive order issued last year by President Trump. "In compliance…...
Pro-alts dark-money group takes jabs at fiduciary watchdog in report to IRS
18+ hour, 48+ min ago (483+ words) As part of its ongoing push in support of opening 401(k) accounts to private investments, a conservative advocacy group is alleging a stalwart industry critic has breached IRS rules. "C4's are set up to allow for nonprofits to do some political…...
Armanino expands in Southeast
19+ hour, 32+ min ago (231+ words) Armanino acquired MSTiller, expanding the Top 25 Firm's presence in the Southeast. MST, based in Atlanta, advises middle-market organizations, family-owned businesses and private foundations across a range of industries, including automotive dealerships, construction, hospitality, medical practices and real estate development. The…...
IRS posts form for claiming new tax deductions
19+ hour, 36+ min ago (598+ words) The Internal Revenue Service has published a new Schedule 1-A and updated instructions for claiming the new tax breaks in the One Big Beautiful Bill Act for tips, overtime, car loans, and senior citizens for tax year 2025. The IRS released…...
Basis announces $100M in new funding
21+ hour, 40+ min ago (439+ words) Basis plans to use the capital to accelerate development of the platform as it continues building the most advanced agents to perform increasingly complex workflows, and to expand the company's engineering and ML teams. The agent, like the others in…...
AI is changing infrastructure economics and accounting models
22+ hour, 58+ min ago (810+ words) For the last decade, cloud architecture has been the default for large enterprises." The rationale was straightforward: Avoid building depreciating infrastructure, convert fixed costs into operating expenses, and rely on hyperscalers for scale and reliability. As a result, some companies…...
What it takes to stay independent
1+ day, 17+ min ago (567+ words) As private equity continues to be more and more involved in accounting, Jennifer Wilson of ConvergenceCoaching looks into what it takes for firms to maintain their independence. It certainly is, but it does require a different strategy than what you…...
Berkshire Hathaway shares drop more than 4% after poor fourth-quarter results, no bold moves by new CEO Abel
1+ day, 1+ hour ago (263+ words) Berkshire Hathaway shares fell Monday after the conglomerate reported a sharp decline in fourth-quarter operating earnings, while new CEO Greg Abel offered few signs of an immediate strategic shift in his first communication with shareholders. The results mark an early…...
Forvis Mazars expands health care consulting
1+ day, 3+ hour ago (399+ words) Forvis Mazars acquired The Innova Group, expanding the Top 10 Firm's health care consulting platform, effective March 1. Innova advises hospitals and health systems nationwide. The transaction adds nine executives, nearly 50 employees and a new office in Tucson, Arizona." "We are always…...