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.
Mergers and Acquisitions July 7, 2026
Citrin Cooperman Acquires Top 200 Firm LGA in Massachusetts
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
Windes Adds Harris, Greene LLP in Southern California
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.
Mergers and Acquisitions July 6, 2026
CohnReznick Acquires HL&B in Texas
CohnReznick has acquired Houston-based CPA firm Ham, Langston & Brezina, effective July 1, expanding the top 15 accounting firm's reach in Texas.
IRS July 6, 2026
IRS Shares Data with More Than 1,000 Organizations, Some of Which It Can’t Identify
The IRS has 1,124 known data-sharing agreements with outside organizations that are provided with federal tax information. The problem is the IRS couldn't identify all of its agreements or contracts because the agency doesn't have a centralized database.
IRS July 6, 2026
IRS Failed to Meet Veteran Hiring Goal
From FY 2020 to FY 2024, only 8% of the 70,879 people hired by the IRS were veterans, falling way short of the 14% veteran hiring goal set by the Treasury Department, a new report from the Treasury Inspector General for Tax Administration says.
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
