The House Ways and Means Committee voted unanimously to approve a bipartisan bill that would accelerate processing of tax returns by the Internal Revenue Service through the use of barcode-scanning technology. Processing Content The Barcode Automation for Revenue Collection to Organize Disbursement and Enhance (BARCODE) Efficiency Act, co-sponsored by Rep.
Baker Tilly International saw its global network of accounting firms score a record amount of total revenue for the fiscal year ending Dec. 31, 2025, growing 21.3% to $6.8 billion worldwide. Processing Content Every geographic region experienced revenue growth, with North America seen as the fastest-growing region at 37.5%, due
A recent MIT study put everyone on edge: generative AI is not returning ROI in 95% of cases, the researchers found, despite $30 billion to $40 billion in enterprise investment. Processing Content But the research also revealed this isn’t AI’s fault per se. Companies don’t have all the pieces in
Prager Metis CPAs, New York, announced Lori Roth was named chief executive officer and Stuart Mayer chief operating officer. Roth previously served as global managing partner and executive committee member of Prager Metis and Mayer was northeast regional managing partner and executive committee member at the firm. (Read the full
To be blunt, a lot of AI discourse is one part science and one part science fiction. We hear claims that AI can help accountants be more efficient and productive by allowing firms to scale services without growing headcount. We also hear that AI will cure every disease, make work
David McMillan Top 100 Firm PYA announced a leadership transition from current president and CEO Marty Brown to David McMillan. Processing Content McMillan, the CFO of the Knoxville, Tennessee-based firm and leader of its consulting practice, became president on Jan. 1 of this year and will take on the additional
Lori Roth Top 100 Firm Prager Metis has named Lori Roth as its CEO, effective immediately. Processing Content In addition, the firm has named Stuart Mayer chief operating officer of the firm. Roth started her career in accounting in 1984 and joined Metis Group, a predecessor firm of Prager Metis,
Wolf & Co., a Top 75 Firm based in Boston, has acquired the Kafafian Group, a bank consulting firm in Bethlehem, Pennsylvania. Processing Content The deal bolsters Wolf’s bank and credit union advisory services with expanded expertise in strategic planning, performance measurement and operational improvement. The Kafafian Group has provided
UHY, a Top 50 Firm based in Farmington Hills, Michigan, has expanded into South Carolina by adding Manley Garvin LLC, based in Greenwood. Processing Content “As Greenwood and the surrounding region continue to support established corporations and welcome a surge of new enterprises, the demand for trusted, full-service accounting support
With the new year upon us, it’s worth thinking about what 2026 will bring, and what accounting firms expect their next 12 months to look like. With that in mind, Accounting Today conducted its annual Year Ahead survey in the late fall to find out firms’ expectations for 2026, including