Mergers and Acquisitions July 20, 2026
RRBB Adds Offit & Roth in Maryland
Somerset, NJ-based accounting, advisory, and consulting firm RRBB has joined forces with Offit & Roth, a Lutherville, MD-based accounting and consulting firm.
Technology July 20, 2026
Expensify Launches Corporate Card in the U.K., Other European Markets
Expensify announced Monday that the Expensify Card is available to businesses in the United Kingdom and select European markets, including Spain, Ireland, Poland, and the Netherlands.
IRS July 16, 2026
IRS Business Mileage Rate Increases to Record 76 Cents Per Mile
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 Software Rolls Out Beta Launch of Drake SmartExtract
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
Firm360 Introduces AutoPrep
Practice management platform Firm360 announced Firm360 AutoPrep, a tax prep automation capability powered by Juno.
Technology July 14, 2026
Acumatica Buys Vertrax
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 Flips Investors
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
IRS Introduces Automatic Exemption From Penalty Process, Phases Out First Time Abate
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
IRS Final Rules Identify Certain CRATs as ‘Listed Transactions’
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
Are IRS Chatbots Really Helping Taxpayers?
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
BMSS Adds Avizo Group in Alabama
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
Meaden & Moore Gets Private Equity Backing From Unity Partners
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.
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
