Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
IRS July 16, 2026
The IRS raised the optional standard mileage rates for the remainder of this year. The reason: recent increases in the price of fuel, as gasoline once again inches close to $4 a gallon amid the renewed fighting between the U.S. and Iran.
Technology July 15, 2026
Drake SmartExtract is a new AI-powered document processing solution for Drake Tax Online that automatically extracts and organizes data from common tax documents.
Technology July 15, 2026
Practice management platform Firm360 announced Firm360 AutoPrep, a tax prep automation capability powered by Juno.
Technology July 14, 2026
Cloud ERP company Acumatica has acquired Vertrax, a provider of cloud-native software solutions for the fuel and energy distribution industry and a longtime Acumatica partner.
Firm Management July 14, 2026
Prosperity Partners has completed its first flip, as private equity group Lightyear Capital has made a majority investment in the Chicago-based tax, client accounting, and transaction support services firm, while Unity Partners maintains a minority stake.
Taxes July 9, 2026
The IRS on Wednesday announced a new automatic process that will provide penalty relief for taxpayers who have a history of filing and paying their tax debts on time instead of requiring them to request assistance.
Taxes July 9, 2026
The final regulations identify certain arrangements claiming to be charitable remainder annuity trusts as "listed transactions," a specific type of abusive tax shelter that the IRS has formally identified as a tax-avoidance scheme.
IRS July 8, 2026
It's a question that's difficult to answer because the data the IRS collects to measure chatbot performance is unreliable, limiting the agency's ability to determine whether the applications are operating effectively, the Treasury Inspector General for Tax Administration says.
Mergers and Acquisitions July 8, 2026
Top 100 accounting firm BMSS Advisors & CPAs has merged in Fairhope, AL-based CPA firm Avizo Group, effective July 1.
Firm Management July 7, 2026
Cleveland-based accounting, tax, advisory, and forensic consulting firm Meaden & Moore has received a private equity investment from Unity Partners, the Dallas-based firm that has also invested in Chicago tax and accounting firm Prosperity Partners.
Mergers and Acquisitions July 7, 2026
Top 20 accounting firm Citrin Cooperman said Tuesday it has acquired LGA, an INSIDE Public Accounting top 200 firm based in Woburn, MA, expanding its presence in New England.
Mergers and Acquisitions July 7, 2026
Long Beach, CA-based CPA firm Windes, an INSIDE Public Accounting top 200 firm, has expanded in Southern California by joining forces with Irvine-based accounting firm Harris, Greene LLP, effective July 1.
