Taxes July 25, 2025
IRS Sets July 29 Deadline to Revalidate Business Tax Account Access
Business Tax Account designated officials must revalidate their accounts by July 29 in order to maintain access, the IRS said on Wednesday.
Firm Management July 24, 2025
Aprio Makes $300 Million AI Investment, Acquires TimeCredit
The acquisition of TimeCredit, an AI assistant built by accountants, complements the five-year, $300 million commitment Aprio is making to build "a scalable, AI-enabled firm that delivers measurable value for clients and team members alike."
Accounting July 23, 2025
Accountants’ Confidence in the Economy Improved in Q2 But Still Is Unsettled
Confidence among accounting and finance professionals about current economic conditions globally ticked up slightly in the second quarter of this year, but overall sentiment remains weak by historical standards, according to a new survey from the ACCA and the IMA.
Auditing July 23, 2025
PCAOB Revokes Hong Kong Accounting Firm’s Registration, Bars Managing Partner
Centurion ZD CPA & Co. and its owner Chan Kam Fuk were sanctioned for violating U.S. auditing and quality control rules and standards related to audits of companies based in China, including Chinese coffee chain Luckin Coffee Inc.
Technology July 23, 2025
Karbon Launches Client Portal for Accounting Firms
Karbon has launched Karbon for Clients, a secure, modern client portal designed to help accountants streamline collaboration, accelerate response times, and reduce administrative burden.
Taxes July 23, 2025
IRS Gives Tax Filing Relief to Those Impacted by May St. Louis Tornado
The IRS recently announced tax relief for individuals and businesses located in the city of St. Louis and St. Louis and Scott counties in Missouri after an EF3 tornado caused widespread destruction on May 16.
Technology July 23, 2025
Paylocity Expands Platform’s Reach to the Office of the CFO with New Finance Solution
Paylocity for Finance brings finance and human resources teams together through a unified system grounded in the employee record.
Mergers and Acquisitions July 23, 2025
Aprio Acquires Sandler & Co. in Massachusetts
The top 30 accounting firm said it has expanded its Financial Services practice and deepened its presence in the greater Boston area by acquiring boutique CPA firm Sandler & Co., effective July 1.
Firm Management July 23, 2025
Sax Secures Outside Investment From Cobepa
The top 100 accounting firm announced last week that it has received a minority investment from Cobepa, a global private equity firm with offices in Brussels and New York.
IRS July 22, 2025
IRS Workforce Has Shrunk 25% Since Trump Took Office
The IRS workforce has been slashed from approximately 103,000 employees in January when Donald Trump began his second term as president to 77,428 in May, with some of the biggest job cuts among tax examiners and revenue agents, according to a new TIGTA report.
PCAOB July 22, 2025
George Botic Takes Over as Acting Chief of the PCAOB
The SEC has named George Botic acting chair of the Public Company Accounting Oversight Board, effective July 23, following last week's resignation of Erica Williams, whose last day as PCAOB chair is Tuesday.
Technology July 22, 2025
Canopy Announces Release of New Client Intake Solution
Canopy on July 22 launched Smart Intake, a native solution that automates client intake and tax workflow.
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
