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The new rules of accounting firm valuation

The accounting-firm M&A market has changed significantly over the past several years. Buyers are no longer simply purchasing a book of tax returns or applying a standard multiple to gross revenue. They are looking for durable, transferable cash flow and a business that can continue growing after the owner leaves.

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Tech news: Luca IQ launches with e-file approved tax engine for CPA firms

Payroll and HR platform Deel announced the availability of its services in the Microsoft Marketplace. Organizations that run their operations on Microsoft Azure and Microsoft 365 can now find and deploy Deel’s Employee of Record, Managed Payroll and contractor hiring solutions directly through Microsoft Marketplace. They can further optimize cloud

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Trump puts immunity from IRS probes over his fight for Blanche

President Donald Trump’s desire to avoid the kinds of criminal prosecutions he faced the last time he left office has become the biggest impediment to getting his own attorney general pick confirmed by the U.S. Senate.   Processing Content Trump on Thursday said in a social media post he was willing

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Who gets blamed when AI goes wrong?

Who is ultimately responsible for an organization’s AI, and who is to blame when it goes wrong? Processing Content Top 50 firm Schellman, in a recent report, said the answer is usually the technology lead, as they are the one who is often put in charge of purchasing and implementing

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Grant Thornton to acquire CBIZ for $5B

Grant Thornton InternationalJ. David Ake/Getty Images Grant Thornton will acquire CBIZ in an all-cash $5 billion deal. Processing Content Upon the transaction’s expected closing in the fourth quarter of this year, Grant Thornton is expected to become the fifth-largest firm with more than $5 billion in domestic revenue and $7.5

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Too hot to deduct

As a parent of young children, I’ve learned that bedtime stories are especially good at simplifying complex topics and I often use the same technique in my work.  Processing Content If you think about it, executive compensation at a private C corporation is a Goldilocks problem. Pay a shareholder-employee too

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IRS gives some FIFA groups a pass

The Internal Revenue Service released a revenue procedure Friday allowing tax-exempt foreign members of the Fédération Internationale de Football Association to avoid filing a Form 990 return if they competed in the FIFA World Cup. Processing Content Revenue Procedure 2026-28 relieves tax-exempt foreign participating member associations of FIFA that competed

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Trump rebuilds tariffs with new levies

The U.S. will collect duties of between 10% and 12.5% on imports from most major trading partners, its biggest move yet to reconstruct President Donald Trump’s tariff wall that was struck down by the Supreme Court. Processing Content The new levies follow an investigation into the alleged failure of around

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Democrats threaten Yale with tax if school makes deal with Trump

A group of Democratic legislators in Connecticut with degrees from Yale University are threatening the school’s tax-exempt status if leaders make a deal with the Trump administration over probes into admission practices. Processing Content Yale President Maurie McInnis acknowledged last week that the school is communicating with the Department of

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