Accounting September 10, 2025
Aiwyn Buys QuickFee’s U.S. Payments Business
Charlotte, NC-based Aiwyn has acquired the U.S. payments business of Dallas-based QuickFee in a reported $26 million deal announced on Sept. 7.
Technology September 10, 2025
Lili Adds New Feature for SMBs to Simplify Cross-Border Payments
Lili announced on Sept. 9 a new feature that enables small and midsized businesses to pay international vendors and receive payments in various currencies.
Taxes September 9, 2025
IRS Has Doled Out $162M in Penalties to Taxpayers Over False Tax Credit Claims Linked to Bad Social Media Advice
Thousands of taxpayers have filed inaccurate or frivolous returns that falsely claim the Fuel Tax Credit and the Sick and Family Leave Credit, often resulting in the denial of refunds and steep penalties, the IRS said Sept. 8.
Mergers and Acquisitions September 9, 2025
Five National Accounting Firms Combine Under the Richey May Brand
Five accounting and advisory firms—Richey May & Co.; WSRP; MKA; Sobul, Primes & Schenkel; and United States X Advisors (formerly The Doty Group)—have united to form a single, national platform operating under the Richey May banner.
Taxes September 9, 2025
IRS Decides to Shutter Nine Taxpayer Assistance Centers
The IRS is reportedly closing nine taxpayer assistance centers in six states later this year in an apparent cost-savings move, as the agency faces a potentially smaller budget for fiscal year 2026.
Small Business September 8, 2025
U.S. Bank Rolls Out Embedded Payroll Solution for Small Businesses
U.S. Bank partnered with Gusto to build U.S. Bank Payroll, an embedded solution that allows small business owners to seamlessly manage their payroll as part of their online banking experience.
Taxes September 5, 2025
AICPA Asks for Guidance on Pillar Two Co-Existence with U.S. Tax Rules
In a letter, the Association of International Certified Professional Accountants requested guidance and made recommendations on the Pillar Two framework co-existing with U.S. tax rules for U.S. multinational enterprises in a side-by-side system to the OECD.
Technology September 5, 2025
Grant Thornton Advisors to Sink $1 Billion Over Three Years on AI
Grant Thornton says the investment wil provide AI tools and technology to the entire workforce at its multinational professional services platform, which stretches from the Americas across Europe to the Middle East.
Payroll September 5, 2025
U.S. Companies’ Pay Raise Budgets Next Year Are Expected to Be on Par with 2025
A new study from The Conference Board shows U.S. companies are planning to increase their salary budgets by an average of 3.4% in 2026—in line with 2025 reported increases.
Auditing September 4, 2025
How the PCAOB Can Promote Technology Use in Auditing
The Technology Innovation Alliance Working Group has provided the audit regulator with four recommendations on how it can proactively and strategically promote the use of technology in auditing.
Mergers and Acquisitions September 4, 2025
Citrin Cooperman Acquires Ostrow Reisin Berk & Abrams in Illinois
The top 20 firm is expanding its presence in the Midwest by acquiring ORBA, a Chicago-based accounting and advisory firm with offices in downtown Chicago, Oak Brook, IL, and Salt Lake City.
Accounting September 4, 2025
CPA Business Executives Have a Slightly More Optimistic View of U.S. Economy, But Concerns Persist
CPA business leaders' view of the U.S. economy has improved to a small degree, but they continue to be wary of inflation and tariff impacts, according to the Q3 AICPA and CIMA Economic Outlook Survey.
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
