Technology June 16, 2025
TaxPlanIQ Rolls Out New Tax Planning Features
TaxPlanIQ, a provider of tax planning software for tax and accounting firms, has launched several new features designed to make tax planning more efficient and scalable.
Technology June 16, 2025
Taxfyle Launches AI Tool TXF Intelligence
Taxfyle on Monday introduced TXF Intelligence, a generative artificial intelligence tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S.
Auditing June 13, 2025
PCAOB Docks Heaton & Co. $35K, Partner $25K for Multiple Audit Failures
The Utah-based firm and its founder/partner Kristofer Heaton were fined on June 12 for audit documentation, engagement quality review, and quality control failures involving five audits.
Payroll June 13, 2025
10 States Where People Have the Highest Incomes
WalletHub set out to find the states where people make the most money by analyzing the average annual income of the top 5% of each state, the average income of the bottom 20%, and the median income for all residents.
Payroll June 13, 2025
Layoff Fears Leave 1 in 3 U.S. Workers Scared to Use PTO
Rising job insecurity is reshaping how Americans are approaching vacations this summer, as 29% of workers say recent layoffs or fear of job loss have made them hesitant to take time off for fun in the sun, according to a new report.
Firm Management June 13, 2025
KPMG Elects Will Williams as Next Americas Region Chair
Williams, vice chair of operations for the U.S. Big Four firm, will take over as chair of KPMG's Americas region on July 1, succeeding Paul Knopp, who has held the position since 2020.
Firm Management June 13, 2025
Two More Accounting Firms Join Ascend Platform
San Luis Obispo, CA-based Glenn Burdette and Saltmarsh, Cleaveland & Gund, which has offices in Pensacola and Tampa, FL, were the latest to join Ascend on June 1.
Small Business June 12, 2025
Accountants’ Recent Pessimism Driven by Economic and Policy Uncertainty
A new report released on June 11 by Avalara reveals a steep decline in optimism among U.S. accountants who advise small and midsized businesses.
IRS June 12, 2025
Tax Industry Groups Urge Treasury to Prioritize IRS Stability
A coalition representing tax professionals urged the Treasury Department in a letter to take immediate steps to preserve core IRS functions—for both taxpayers and practitioners—amid workforce reductions at the tax agency.
IRS June 11, 2025
Former IRS Chief Danny Werfel Joins Alliant Strategic Advisory Board
Danny Werfel, who served as IRS commissioner during the Biden administration, has joined the strategic advisory board of alliant, a Houston-based professional services and consulting firm formerly known as alliantgroup.
Firm Management June 11, 2025
Elliott Davis Secures Private Equity Backing
The top 50 firm made two big announcements on Wednesday: it has a deal in place to receive outside capital from Flexpoint Ford and it named John Otten as its new CEO, effective July 1.
Mergers and Acquisitions June 11, 2025
Sax Acquires Sewald & Anastasia CPAs in New Jersey
The top 100 accounting firm has expanded its presence in its home state of New Jersey after acquiring Sewald & Anastasia CPAs, a full-service tax and accounting firm based in Morganville, effective June 1.
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
