The accounting profession has spent the past few years debating whether private equity represents an opportunity or a threat. The market may now be offering an opinion — and it deserves more attention than it has received. Processing Content CBIZ’s stock has declined significantly from its 2025 highs, yet the
IRS impersonation; Lootland; conduit scheme; and other highlights of recent tax cases. Processing Content Atlantic Highlands, New Jersey: Joseph Manzi, the former director of finance, operations and development for the Church of Saint Leo the Great in Lincroft, New Jersey, has pleaded guilty to embezzling more than $1 million from
Big Four firm KPMG announced an exclusive alliance with Anthropic to embed Claude Cowork into KPMG’s global client delivery platform, beginning with new capabilities for tax and legal clients. Processing Content “At KPMG, we’re innovating and redefining how work gets done,” said Bill Thomas, global chairman and CEO of KPMG
The House unanimously passed legislation to strengthen taxpayer rights by making IRS collection proceedings more taxpayer-friendly, safeguard tax refunds from being unfairly taken by the IRS, and provide fair judicial review of tax liability claims. Processing Content The Taxpayer Due Process Enhancement Act (H.R. 6506), introduced by Rep. Nathaniel Moran,
A look inside what it takes to truly get the most out of your firm’s technology, based on the results of our annual Best Firms for Technology list, and with insights from Roman Kepczyk of Rightworks. Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers,
Regional Leader Abbott, Stringham & Lynch acquired San Jose, California-based ArightCo. Processing Content ArightCo provides finance, accounting and advisory solutions to businesses across the technology, software-as-a-service, IT, manufacturing and nonprofit sectors. “We are thrilled to welcome the ArightCo team to ASL and to further enhance our client accounting services with
The American Institute of CPAs sent a list of nearly 200 recommendations to the Internal Revenue Service for the IRS’s 2026-2027 Priority Guidance Plan, including several matters related to the One Big Beautiful Bill Act such as the expanded cap on state and local tax deductions, as well as Trump
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Almost every CPA firm owner I know ends up having the same conversation sooner or later. What is our firm worth? Sometimes it happens because someone is thinking
Ghost payroll; non-existent businesses; save you from paying; and other highlights of recent tax cases. Processing Content Grand Rapids, Michigan: James Phillip Scholten, 51, of Byron Center, Michigan, was sentenced to 20 months in federal prison for tax evasion. Additionally, Scholten was ordered to pay restitution to the IRS in
The Internal Revenue Service established a program to allow corporate taxpayers to request rulings on certain significant issues. Processing Content Revenue Procedure 2026-21, released last week, sets up a significant issue ruling program to allow taxpayers to request rulings on one or more issues that: Are solely under the jurisdiction