Capital One Financial Corp. agreed to acquire Brex, a financial-technology company that focuses on corporate expense management and accounting, for $5.15 billion. Processing Content The bank plans to buy closely held Brex for roughly 50% cash and 50% stock, McLean, Virginia-based Capital One announced in a statement Thursday, along with
Whitman Transition Advisors and C-Suite Impact announced a merger to create a consulting firm with a greater suite of services under the name Whitman Advisory. Processing Content Whitman Advisory offers M&A, succession planning, operational support and talent solutions to CPA firms, private equity firms and privately held businesses. Philip Whitman,
FlexTecs, a provider of recovery audit, contract compliance and payment accuracy software and solutions, announced a strategic investment from Cohere Capital, a Boston-based private equity firm focused on investing in differentiated technology and tech-enabled services companies. The existing leadership team will continue to lead the business, with strategic guidance and
The accounting profession is undergoing a dramatic transformation as artificial intelligence and intelligent process automation become central to daily operations. Processing Content While the promise of AI — greater efficiency, accuracy and cost savings — is well understood, the impact on accounting roles, staffing models and career paths is just
Research shows that three in four (75%) senior accountants describe tax season as “somewhat” or “extremely” stressful. It doesn’t need to be this way. Processing Content We have worked with over 1,000 businesses since 2012. I’ve found the clients with the smoothest tax seasons do four things consistently well: 1.
Timothy Fadek/Bloomberg The Internal Revenue Service has released Rev. Proc. 2026-08, which updates procedures to obtain recognition of exemption from federal income tax on a group basis for 501(c) organizations that are affiliated with and under the general supervision or control of a central organization. Processing Content It also discusses
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now “Do you have customers… or prisoners?” Processing Content You may hear that question and immediately cringe. The word “prisoners“ sounds too harsh to many firm owners. It implies
The U.S. Department of Education said Friday it would delay involuntary collections of student loan debt by garnishing wages and seizing tax refunds. Processing Content The temporary delay will allow the department to implement major student loan repayment reforms under the One Big Beautiful Bill Act to give borrowers more
The U.S. Department of Education said Friday it would delay involuntary collections of student loan debt by garnishing wages and seizing tax refunds. Processing Content The temporary delay will allow the department to implement major student loan repayment reforms under the One Big Beautiful Bill Act to give borrowers more
Acumatica, a cloud ERP provider, announced the appointment of Jon Pollock as Chief Product Officer (CPO). In this role, Pollock will lead Acumatica’s global product management and user experience organizations, overseeing product strategy, innovation, and delivery across the company’s cloud ERP platform. He will play a key role in advancing