The Securities and Exchange Commission issued an order to reduce the operating costs of the consolidated audit trail. The 2025 CAT budget originally approved was over $248 million. Now, given the recent order and other cost amendments, its expenses are forecasted to drop an additional $20 million, which is $27
The Fed’s closely watched moves around interest rates ripple across the U.S. economy, and trusts that don’t give clients much flexibility could sustain some damaging tides. Fluctuations in the federal funds rate affect many of the distributions that trusts pay to beneficiaries based on the yield of fixed-income vehicles that
The Internal Revenue Service’s contingency plans for a government shutdown are currently unknown, with the web page for the most recent plan from last December returning an error message as of Friday afternoon. Former IRS acting commissioner Doug O’Donnell, who is now a senior managing director of KPMG’s Washington national
As businesses grow, so does tax complexity. New markets. New channels. More jurisdictions. Faster reporting cycles. If you’re relying on your ERP’s native indirect tax tools to keep up, you’re taking a risk. ERP systems are powerful for core operations. But indirect tax is a different beast. It demands specialized
The accounting profession is known for being cautious and consistent, but it’s getting more and more difficult to ignore that firms that aren’t actively growing are slowly becoming obsolete. I’m not just talking about increasing revenue — I’m talking about building resilience, attracting talent, staying relevant to clients and creating
Michael Nagle/Bloomberg Andersen Group Inc., the U.S. arm of a professional services firm founded by former partners of shuttered accounting giant Arthur Andersen, filed publicly for an initial public offering. The San Francisco-based company had net loss of $45.4 million on revenue of $384 million for the six months ended
Aprio, a Top 25 Firm based in Atlanta, has agreed to acquire Mize CPAs Inc., a Regional Leader based in Topeka, Kansas, along with its affiliated wealth management firm, Prism Financial Group LLC. The deal is part of Aprio’s plans to expand into the Midwest. Mize specializes in providing accounting
Accounting operations solutions provider uiAgent has secured $4.6 million in a seed funding round spearheaded by Marathon Management Partners, with Rerail also contributing. As a result of the investment, Chase Packard from Marathon Management Partners will join the board of directors of uiAgent. … Gelt, an AI-native tax firm serving
More than half of tax practitioners use AI in their research in some form or another, most commonly to look into tax deductions and general corporate matters. A recent survey from tax research solutions provider BlueJ, in cooperation with CPA.com, found that 54% of tax practitioners use some form of
Payroll solutions provider Gusto rolled out a centralized dashboard to unify payroll management across multiple clients, as well as a benefits advisor meant to help accountants better advise clients on health insurance matters. The payroll hub, available to Pro users, is meant to provide accountants with one centralized customizable dashboard