A group of Senate and House Democrats is introducing legislation that would bring back the Direct File free tax preparation program that was recently ended by the Trump administration. Processing Content Sen. Elizabeth Warren, D-Massachusetts, introduced the Direct File Act last Friday in the Senate, along with Rep. Brad Sherman,
Botkeeper Infinite has a new lease on life as it has been acquired by bookkeeping and accounting solutions provider Xendoo. The news comes just weeks after CEO Enrico Palmerino announced the company was shutting down (see previous story.) Palmerino has confirmed the acquisition in an interview with Accounting Today. Processing
Top 25 firm Armanino has selected Inflo as a strategic technology partner as part of its broader vision to build a next-generation, AI-enabled audit platform, and has integrated Inflo into Armanino’s Audit Ally and Armanino Access ecosystem. Armanino clients will have real-time visibility into the status of their audit and
President Donald Trump’s name appears on the coronavirus economic assistance checks that were sent to citizens across the country.Chip Somodevilla/Getty Images The Internal Revenue Service issued Recovery Rebate Credits for the pandemic to nearly 301,000 ineligible taxpayers, many of whom were either immigrants or received an extra payment, according to
Sorren, a rapidly growing firm based in Meridian, Idaho, acquired Connected Accounting, expanding its presence in California. Processing Content Connected Accounting is a technology-heavy accounting firm founded in 2019 by Marie Greene and based in Los Angeles. Terms of the deal were not disclosed. “Connected Accounting has built a strong
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