Aprio will acquire Phoenix-based accounting and advisory firm Price Kong, effective June 1. Processing Content The deal expands the Top 20 Firm’s Arizona presence and adds accounting, audit and advisory services to Aprio Legal‘s existing footprint. It also marks the firm’s entry into the cannabis industry. Aprio CEO and managing
Accounting firms are starting to see an increase in scams involving the CP53E notices that the Internal Revenue Service has been sending to taxpayers this year when they don’t provide their direct deposit information. Processing Content In recent days, at least two Top 100 Firms — Grassi and CBIZ —
Top 25 Firm Ascend today acquired Montgomery, Alabama-based Jackson Thornton. Processing Content Jackson Thornton is an Accounting Today Gulf Coast Regional Leader, with six offices across the state and over $41 million revenue. The deal adds 30 partners and over 160 employees to Ascend. Terms of the deal were not
Rep. Kristen McDonald Rivet, D-Michigan, introduced the Working Parents Tax Relief Act, which would expand the Earned Income Tax Credit by giving parents up to an additional $5,500 per child under the age of four, for up to a maximum of three children and increasing the maximum qualifying income for
CryptoPunks; Eight Percent Fund; fake Transaction Summaries; and other highlights of recent tax cases. Processing Content Sacramento, California: Former Sacramento city councilman Shahriar “Sean” Loloee pleaded guilty to fraud and money laundering charges after admitting to obstructing Labor Department investigators and cheating on taxes tied to his Viva Supermarket stores,
Kreston Global, an international accounting network based in London, has created a new Global Legal Group, uniting legal professionals from across the network, operating in coordination with the network’s Global Tax Group. Processing Content In its initial phase, the Global Legal Group will focus on mapping legal expertise across the
New GASB standards; tax cheats; along for the rideshare; and other highlights from our favorite tax bloggers. Processing Content Just look at that squirrel ITEP: Our favorite headline of the week: “The Big Corporations That Avoided All Federal Income Taxes on Their 2025 U.S. Profits Would Like Us All to
Audit committee chairs are treading carefully when implementing artificial intelligence in their workflows. Processing Content The Public Company Accounting Oversight Board published today its annual Conversations with Audit Committee Chairs report, which gathered responses from over 250 audit committee chairs. The report found that while chairs acknowledge the potential of
KPMG is eliminating approximately 100 of the partners in its U.S. audit and assurance practice, or about 10% of them, after not enough accepted a voluntary early retirement program. Processing Content The New York-based Big Four firm characterized the job cuts as a form of rightsizing and a multiyear effort
The Internal Revenue Service’s outside Taxpayer Advocacy Panel issued its annual report Friday calling for improvements and greater clarity in notices, forms, publications and more after a year of drastic downsizing at the IRS. Processing Content Last year, the various project committees on the panel submitted 20 project referrals to