Mergers and Acquisitions November 21, 2025
Sax Adds SCL Consulting in Maryland
The top 100 firm has acquired SCL Consulting, a Columbia, MD-based financial consulting firm that specializes in client accounting services, effective Nov. 14.
Accounting November 21, 2025
Colorado Springs Accountant Gets 30-Month Jail Sentence for $8 Million Tax Fraud
Rodney Ermel, 71, was sentenced in October for tax evasion and conspiracy to defraud the U.S. and ordered to pay $8,087,385 in restitution to the IRS.
IRS November 20, 2025
AICPA Says IRS Plan to Combine OPR and RPO Would Create Potential Conflicts of Interest, Confuse Taxpayers
A possible merger of the IRS's Office of Professional Responsibility with the Return Preparer Office would bring negative consequences to the nation's tax system, the AICPA wrote in a letter to the agency last week.
Accounting November 20, 2025
FASB Says Certain Costs of Leases Standard Were Significantly Higher Than Expected
A post-implementation review report on the standard says that while it achieved its overall objective, the initial costs to implement the lessee requirements along with the ongoing costs to apply those requirements "were significantly higher than the FASB expected at issuance."
Auditing November 20, 2025
Audit Partners Show More Optimism About the Economy, CAQ Survey Finds
Audit partners have a better attitude about the economy after reporting concerns last spring, as pessimism fell from 44% to 22% and economic optimism and neutrality both grew by more than 10%, according to the Center for Audit Quality.
Mergers and Acquisitions November 20, 2025
Mauldin & Jenkins to Merge in LaPorte CPAs & Business Advisors in Louisiana
The top 60 accounting firm will soon have an established presence in New Orleans and other cities in Louisiana, as well as in Houston, TX, after announcing a deal to merge with New Orleans-based LaPorte CPAs & Business Advisors, effective Dec. 1.
Mergers and Acquisitions November 20, 2025
Ascend Member Firms TSS and Walter Shuffain Expand with Mergers
Private equity-backed Ascend announced Nov. 20 that two of its platform accounting and advisory firms—TSS Advisors and Walter Shuffain Advisors—have completed merger deals, effective Nov. 1.
Technology November 20, 2025
AI Accounting Platform Numeric Raises $51M Series B
This investment, which brings Numeric's total funding raised to $89 million, will allow the company to expand from close management into a broader compound startup model, delivering a unified data platform for enterprise finance teams.
Technology November 20, 2025
Asseta AI Raises $4.2M Seed Round to Bolster Family Office Accounting Platform
Asseta AI, a purpose-built accounting platform designed for family offices managing complex multi-entity wealth, announced a $4.2 million seed funding round co-led by fintech venture capital firm Nyca Partners and investment firm Motive Partners.
Technology November 19, 2025
Netgain Releases Fixed Asset Tax Depreciation Solution for Accounting Firms
Accounting software provider Netgain has unveiled a fixed asset tax depreciation solution for accounting firms, NetAsset Tax Pro, that the company says replaces outdated and costly legacy systems.
Mergers and Acquisitions November 19, 2025
Doeren Mayhew Adds McMurray, Fox & Associates in Nashville
The top 50 accounting firm has made its second M&A deal in the metro-Nashville area in as many months, this time acquiring CPA firm McMurray, Fox & Associates, effective Nov. 10.
Mergers and Acquisitions November 19, 2025
Rehmann Set to Combine with Teeling & Co. in Florida
The top 40 accounting firm said this week it has a deal in place to combine with Teeling & Co., a mother-daughter-owned CPA firm in Tampa, FL, effective Jan. 1, 2026.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
