Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now An advisory firm owner told me something a few weeks ago that has been stuck in my mind ever since: “Kyle, most firms are aircraft carriers. They’re too
I spend a lot of time thinking about fraud, worrying about the fallout that happens when an attempt succeeds. A company loses cash, good people are let go from their jobs, and in the worst cases, organizations have to consider bankruptcy. Processing Content When I watch how quickly AI is
Payment solutions provider Melio, which small business accounting platform Xero bought last year (see previous story), will be expanding into expense management as well as opening up its payment API which will allow anyone to access its payment capacities. Matan Bar, CEO of Melio as well as the CEO of
Sax Wealth Advisors, the wealth management arm of Top 100 Firm Sax Advisory Group, has acquired Florida-based wealth management firm Lighthouse Financial. Processing Content The deal, which closed at the end of June, gives Sax Wealth Advisors a second Florida office, and adds $350 million in assets under management. Sax
The top Democrat on Congress’s tax-writing House Ways and Means Committee, ranking member Rep. Richard Neal, D-Massachusetts, demanded answers from Internal Revenue Service CEO Frank Bisignano about the way IRS employees have been treated since the IRS unilaterally moved to end their collective bargaining agreement. Processing Content In March, the
Kathy King Kathy King has rejoined the Association of International Certified Professional Accountants as vice president of communications & reputation. Based in Washington, D.C., King will lead the association’s global communications and reputation efforts. Her most recent role was with the National Association of Corporate Directors, but before that she
I teach tax, so I spend a lot of time talking about retirement from the technical side. We discuss 401(k)s, IRAs, Social Security, tax rates, capital gains, basis and the many other rules that affect what people get to keep. Processing Content But now that I am on the other
Latham, New York-based BST & Co. and South Burlington, Vermont-based Gallagher, Flynn & Co. completed a merger. Processing Content The combined firm will launch under the name BST Gallagher Flynn, a regional accounting and advisory firm serving clients across the Northeast. The firm brings together over 230 employees across offices
Top 25 Firm Eide Bailly will acquire accounting and advisory firm MUN, effective Aug. 17. Processing Content MUN services clients across healthcare, real estate, nonprofits, employee benefit plans, local governments, manufacturing and hospitality. The deal adds offices in Glendale, California; Roseville, California; Lihue, Hawaii; Zephyr Cove, Nevada; and a second
The Internal Revenue Service’s Criminal Investigation unit has been stepping up its enforcement efforts targeting financial crimes tied to illegal gambling. Processing Content Over the past year (July 1, 2026, to June 30, 2026), IRS-CI said Thursday it initiated 54 illegal gambling investigations involving $11.5 million, linked to an estimated