Key insight: Learn why the Regional Leader acquired Blume Keeney. Expert quote: “Our goal is to build on what Blume Keeney has already created.” — Kelli Visser, CEO of Larson Gross Regional Leader Larson Gross acquired Blume Keeney, effective as of Sept. 15. Processing Content The deal expands Larson Gross’s
Key insight: Learn how audit deficiency rates shifted across global and domestic accounting firms. What’s at stake: Investors and public companies relying on the integrity of major global audit firms. Supporting data: 143 registered firms and 780 public company audits reviewed for the regulator’s report. Audit deficiency rates decreased to
PTIN without permission; further the conspiracy; fictitious children; and other highlights of recent tax cases. Processing Content Las Vegas: A Las Vegas man was sentenced to 38 months in prison and ordered to pay $1,052,378 in restitution for conspiring to defraud the United States by filing false tax returns with
Key insight: Learn why Stout is absorbing Flightline’s agentic AI technology into its advisory workflows. Expert quote: “the final deliverable is only as good as the data” — David DeMasi, Flightline Forward look: Expect Stout to apply workflow insights to applications across its broader advisory work. Accounting firm advisor Stout
Key insight: Here’s why two new studies pitting human accountants against AI yielded highly contrasting results. What’s at stake: Human accountants fighting to maintain their roles as advanced AI models outperform them. Supporting data: 0.4 percentage points separating the top one-shot AI models from human performance. Two different studies recently
Key insight: Find out how scattered database systems affect the IRS’s ability to track ghost preparers. What’s at stake: Taxpayers who face stolen refunds and fraud liability while rogue preparers disappear. Supporting data: Six different IRS offices are currently tasked with addressing ghost preparer risks. The Internal Revenue Service needs
Key insight: Find out how the IRS plans to prepare tax professionals for the upcoming filing season. What’s at stake: Tax professionals trying to navigate new filing priorities and help taxpayers claim critical benefits. Forward look: Expect the IRS to release additional resources on its website throughout the year. The
Key insight: Uncover how the bipartisan TAS Act alters IRS call-wait reporting and tax preparer standards. What’s at stake: Taxpayers risk continued fraud from unregulated “ghost preparers” if the House stalls the legislation. Expert quote: “It’s still unclear exactly what the House is going to do.” — Thad Inge, NAEA
Key insight: Learn why the IRS is deploying data analytics despite budget cuts and staff reductions. What’s at stake: Local communities stand to lose funding for thousands of teacher and firefighter salaries. Forward look: Watch for continued investments in data analytics and technology to drive enforcement efforts. The Internal Revenue
Key insight: Learn how small accounting firms can sort their clients into four distinct categories. What’s at stake: Small accounting practices that fail to identify which of their clients are exit candidates. Supporting data: Four broad factors used to evaluate a firm’s client relationships. The International Federation of Accountants introduced