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About the author: Sibi Thomas, CPA, CFE, CGMA, is an audit partner at Marks Paneth LLP. Sibi plans, coordinates, and conducts audits of nonprofit organizations. Sibi can be reached at sthomas@markspaneth.com. CPA, CFE, CGMA, MBA
Taxes May 16, 2025
In a new case, an office mix-up authorizing the wrong FedEx service resulted in a missed tax deadline. The Tax Court addressed whether the “equitable tolling” doctrine grants the taxpayer a reprieve.
Mergers and Acquisitions May 16, 2025
The merger, which is effective June 1, aligns with the top 75 firm's mission to offer comprehensive accounting and advisory solutions to clients while expanding its footprint in key markets, Mauldin & Jenkins Managing Partner Hanson Borders said.
Auditing May 15, 2025
The Public Company Accounting Oversight Board released a new publication on May 15 that highlights the results of conversations that board staff had with audit committee chairs of U.S. public companies and broker-dealers last year.
Accounting May 15, 2025
The Financial Accounting Standards Board issued an Accounting Standards Update on May 15 that clarifies accounting guidance for share-based consideration payable to a customer in conjunction with selling goods or services.
Mergers and Acquisitions May 15, 2025
The private equity-backed top 20 firm has entered the Utah market by acquiring Cooper Savas, a full-service public accounting firm based in Salt Lake City.
Technology May 15, 2025
The company has finalized a strategic realignment into four business units—ERP Reporting and BI, EPM, Controllership, and Data and Analytics—and has added three members to its executive leadership team.
Technology May 15, 2025
Vena announced May 15 the general availability of Vena Copilot for Microsoft Teams, designed to bring dedicated financial planning and analysis expertise and insights into businesses’ workflows.
Technology May 15, 2025
Zoho has entered the U.S. payments market by launching Zoho Payments, a unified solution that helps businesses collect payments online using a variety of methods like cards and ACH.
Taxes May 15, 2025
The Tax Counseling for the Elderly and Volunteer Income Tax Assistance grants allow eligible organizations to apply for annual funding to provide free federal tax return preparation assistance for up to three years.
Accounting May 15, 2025
The award, the highest honor bestowed by the AICPA, was presented to Mintzer for his lasting impact on and being a passionate advocate for the accounting profession, as well as his significant contributions to accounting and auditing standards.
Accounting May 14, 2025
The AICPA and NASBA have given the green light to expanding the accounting profession's model law, the Uniform Accountancy Act, to include a new optional pathway for CPA candidates to obtain licensure, the two groups said on Wednesday.
Accounting May 14, 2025
Over the next year as AICPA chair, Kessler said she will concentrate on shaping the future of the accounting profession and working closely with AICPA members to align the collective vision, strategy, and direction for success.
