IRS June 23, 2025
Billy Long Sworn in as 51st Commissioner of the IRS
The former Missouri lawmaker, who was sworn in on June 16, said transforming the culture at the tax agency is at the top of his to-do list.
Taxes June 23, 2025
IRS Extends Tax Deadlines in Parts of Texas and Mississippi for Victims of Severe Storms
Victims of severe storms that produced flooding and damaging winds in areas of Texas and Mississippi in mid- to late March have more time to file various federal individual and business tax returns and make tax payments, the IRS said.
Taxes June 23, 2025
IRS Refines Pre-Filing Agreement Tax Certainty Program
Improvements made to the IRS Pre-Filing Agreement program will provide greater tax certainty for large business and international taxpayers, the agency announced on June 17.
Firm Management June 23, 2025
Grant Thornton US Keeps Growing Multinational Platform
The top 10 firm said last week it's in the process of adding sister firms in Switzerland, Liechtenstein, and the Channel Islands to the multinational platform of firm affiliates the U.S. business created when it acquired Grant Thornton Ireland late last year.
Technology June 23, 2025
Digits Rolls Out AI Agents for Accounting Workflows
Digits Accounting Agents embed AI agents to run entire accounting workflows from start to finish, pausing only when human judgment is necessary or desired, for firms on its Autonomous General Ledger.
Small Business June 23, 2025
Gusto and Elevate Partner to Enhance Consumer Benefits for Small Businesses
Through the partnership with Elevate, Gusto now offers enhanced HSAs, FSAs, and consumer benefits to small businesses—complementing its existing benefits platform that includes health insurance and more.
Mergers and Acquisitions June 18, 2025
Baker Tilly Acquires Sage Intacct Specialist Firm Sockeye
The Chicago-based top 10 firm is set to acquire Anchorage, AK-based Sockeye, a top Sage Intacct partner recognized for its vast construction industry expertise and technology-enabled finance, accounting, and project management solutions.
Accounting June 18, 2025
John Graham Elected New CIMA President
The Chartered Institute of Management Accountants has elected John Graham, FCMA, CGMA, as its 92nd president, the group announced on June 18.
Firm Management June 17, 2025
Accounting Firms Saw Gains in Profits and Clients Over the Past Year
Accounting firms in the U.S. have had a profitable last 12 months, due to adding new clients, technology, and service offerings, according to a new report from Xero.
Payroll June 17, 2025
Nine Out of 10 Employees Admit to Searching For a New Job While at Work
Many employees are engaging in "ghostworking"—pretending to work while doing little to no actual work—according to a recent survey, which also reveals that 92% of workers say they've job-searched during work hours.
Technology June 17, 2025
Tipalti Acquires Statement to Expand Its Treasury Offerings
The finance automation platform said on June 17 that it has acquired Statement, an AI-native treasury automation solution that adds real-time, AI-driven cash intelligence capabilities to Tipalti.
SEC June 16, 2025
SEC Picks Ex-Big Four Partner Kurt Hohl to be Chief Accountant
Kurt Hohl, a former partner at Big Four accounting firm Ernst & Young and an SEC alum, is returning to the markets regulator as its chief accountant, effective July 7.
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
