Firm Management March 10, 2025
Crowe Global Pulled in Revenue of $5.8 Billion in 2024
The Crowe global network of accounting firms brought in a combined $5.8 billion in revenue last year, a 10% year-on-year increase.
Taxes March 6, 2025
IRS to Keep Tax Interest Rates the Same For Q2 of 2025
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on March 6.
Mergers and Acquisitions March 6, 2025
Cohen & Co. Acquires Tassi in Illinois
The transaction, expected to close at the end of March, enhances the private equity-backed top 50 firm's national real estate service offering and expands Cohen's presence in the Chicago market.
IRS March 5, 2025
IRS Workforce Could Be Slashed By Half, Reports Say
At the behest of the White House, the IRS is reportedly planning to cut its staff by as much as 50% as the Trump administration continues its mission to shrink the size of the federal workforce.
Payroll March 5, 2025
NATP Offers Job Resource For Tax Pros Affected By IRS Layoffs
The National Association of Tax Professionals said it's trying to bridge the gap between recently displaced IRS workers and tax and accounting firms in need of skilled professionals.
Taxes March 4, 2025
W-2 and 1095-A Forms Added to IRS Individual Online Account Tool
The IRS said Feb. 27 that it's adding the two information return documents to its IRS Individual Online Account tool, which the agency said will consolidate important tax records into one digital location.
Firm Management March 4, 2025
KPMG U.S. Names Timothy Walsh New Chair and CEO
Walsh, currently national managing partner of audit operations at KPMG U.S., will take over as chair and CEO on July 1, succeeding Paul Knopp, who has served in that role since 2020.
Mergers and Acquisitions March 4, 2025
Moss Adams Buys 360 Cloud Solutions and 360 Cloud Apps
With the purchase, Moss Adams, which is a NetSuite Solution Provider and Alliance Partner, doubles the size of its NetSuite Implementation Services, augmenting existing resources and adding new product solutions, the top 15 accounting firm said on March 4.
Accounting March 4, 2025
Comment Period Opens on AICPA and NASBA Plan for Additional Pathway to CPA Licensure
The AICPA and the National Association of State Boards of Accountancy are seeking public comment over the next 60 days on proposed changes to the accounting profession’s model law, the Uniform Accountancy Act, that would create an additional path to CPA licensure.
Small Business March 3, 2025
Reactions Mixed on Treasury Halting Enforcement of BOI Reporting Requirements
As you can imagine, there have been many views expressed on the Treasury Department's announcement Sunday evening that it will no longer enforce the Corporate Transparency Act or the associated beneficial ownership information reporting requirements.
Technology March 3, 2025
Wolters Kluwer Enhances Form 5330 E-Filing Capabilities
Wolters Kluwer has rolled out new enhancements that allow businesses to electronically file Form 5330 with the IRS from ftwilliam.com, Wolters Kluwer's employee benefit and pension software.
Technology March 3, 2025
April Tax Software Now Licensed to E-file in All 50 States
The embedded tax software provider said it has secured the necessary e-file licenses to enable Americans to electronically file in all 50 states, becoming the first new nationally licensed e-file provider in more than 15 years.
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
