Forvis Mazars reported Tuesday that its combined revenue globally for fiscal years 2024-25 reached $5.7 billion as of Aug. 31, 2025, or about 11% year-over-year growth. Processing Content Audit and assurance services contributed 45% of global revenue, followed by tax at 23%, advisory (consulting, financial advisory and sustainability) at 21%,
In a relatively slow quarter for bringing on new Securities and Exchange Commission audit clients, Top 10 Firm BDO USA nonetheless turned in a strong performance, with 10 net and new clients in the fourth quarter of 2025. Overall, auditors onboarded only 128 new SEC clients in Q4, the lowest
As rapidly developing technologies automate audit, bookkeeping and tax tasks — fundamentally changing the foundation of the profession — accountants need to transition their firms from compliance shops to advisory shops in order to not become obsolete. The key? Pruning clients. Processing Content If accountants really want to become “trusted
Doeren Mayhew acquired CPA firm Dent Moses and its affiliate, Impact Technology Group, expanding its presence in the Southeast and adding to its technology service offering, effective Feb. 10. Processing Content Birmingham, Alabama-based Dent Moses was founded in 1923 and formed through a merger of two Birmingham firms in 2015. In
The American Institute of CPAs is asking the Treasury Department and the Internal Revenue Service for further guidance on the rules for deducting domestic research and development expenses in light of the changes under the One Big Beautiful Bill Act. Processing Content The OBBBA largely eliminated a requirement for amortizing
Platform Accounting Group acquired Smeriglio Associates, expanding its presence in Connecticut and New York. Processing Content Smeriglio is based in Greenwich, Connecticut, and services both Connecticut and New York clients across industries including architecture, retail, automotive, nonprofits and contractors. Its office has one partner and three staff members. “We are
While most taxpayers tend to procrastinate on doing their taxes, they’re even more hesitant to trust artificial intelligence to do their taxes for them, according to a new survey. Processing Content The survey, released Wednesday by Invoice Home, a developer of invoice template software, polled 2,003 U.S. consumers about their
While most taxpayers tend to procrastinate on doing their taxes, they’re even more hesitant to trust artificial intelligence to do their taxes for them, according to a new survey. Processing Content The survey, released Wednesday by Invoice Home, a developer of invoice template software, polled 2,003 U.S. consumers about their
New York City Mayor Zohran Mamdani is proposing raising New York City’s property taxes for the first time in more than two decades and is looking to raid the city’s reserve funds to fill a roughly $5 billion budget gap. Processing Content “He’s put a pretty extreme option on the
Crypto tax problems often start with a simple accounting failure: You cannot prove your cost basis. Processing Content Cost basis drives gain or loss. When you cannot substantiate basis, the IRS may treat your basis as zero, which can effectively treat the full proceeds as taxable gain. The IRS can