Deficiency rates in audits of broker-dealers declined in 2025, according to inspections by the Public Company Accounting Oversight Board — particularly for those auditors that perform a large number of engagements. The annual report from the PCAOB reviewed the results of its inspections of 61 firms and its review of
AvidXchange, an AP automation software and payment solutions company focused on mid-market businesses, announced the launch of embedded payments within ParishSOFT Accounting, one of the financial tools offered by Ministry Brands, a provider of church software and online giving solutions. … Crunchafi, a provider in SaaS technology for accounting and
Ultimate frisbee team; sham sale; abusive trust; and other highlights of recent tax cases. Processing Content Denver: Four Colorado residents were convicted of conspiracy to defraud the U.S. for their roles in an abusive trust tax evasion scheme that caused approximately $40 million in losses. Marcia Predmore, Roderick Prescott, Suzanne
Left to right: Jay Brooks, Blake Chapman, Michael Stephano, Jolie Karp, Jim Forgione and Nick Ciocca of Stephano Slack Stephano Slack, a Regional Leader firm based in Wayne, Pennsylvania, has received a strategic growth investment from Madison Dearborn Partners, a private equity firm in Chicago, with additional funding from a co-investor, Norlantic Capital. Processing Content The
Dangerous counter-trend; compliance challenges; tax-free periods; and other highlights from our favorite tax bloggers. Processing Content Hit “post” too soon Tax Foundation: Illinois’ new social media tax was in the works for months, but it has the appearance of something lawmakers hit “post” on too soon, says the blogger. Illinois
The Internal Revenue Service provided the addresses of nearly 47,000 people to Immigration and Customs Enforcement, according to a new report. Processing Content The report, released Monday by the Treasury Inspector General for Tax Administration, highlighted a controversial practice that reportedly contributed to the departures last year of several high-ranking
Frank BisignanoEric Lee/Bloomberg The Internal Revenue Service announced a series of hiring events that will take place in June and July to help fill what it described as “key seasonal roles.” Processing Content The main roles the agency is looking to fill are: Customer service representatives, who use software and
Oh snap; blood-testing lab; warning letters; and other highlights of recent tax cases. Processing Content Arlington, Texas: A Texas family and their Mississippi associate have been sentenced to federal prison after a jury convicted them of orchestrating a multimillion-dollar tax refund fraud scheme that defrauded the IRS. Brandon Hunt, of
Competitive differentiator; non-traditional tax regimes; caught off guard; and other highlights from our favorite tax bloggers. Processing Content As a matter of FACTA National Association of Tax Professionals: The IRS has reminded foreign financial institutions and other affected entities that Foreign Account Tax Compliance Act responsible officer certifications for the
Adams Brown Technology Specialists today acquired Parsons, Kansas-based technology provider Higher Calling Technologies. Processing Content The deal expands the service offerings of Adams Brown and HCT, including managed IT, cybersecurity, network penetration testing, vCIO services and technology consulting. “Our clients have always counted on us to be here when something