State CPA Societies May 6, 2026
State CPA Society News & Updates – May 2026
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.
Taxes July 28, 2025
IRS Issues Interim Guidance to Streamline LB&I Audit Process
A new IRS memorandum highlights changes aimed at reducing examination times for large corporations while making the audit process more customer-driven, consistent, and efficient.
Firm Management July 28, 2025
Growth Strategies for Independent Professional Services Firms
While private equity-backed M&A deals dominate the headlines, many firms are asking a critical question: Is it possible to grow without giving up control? The answer is yes.
Firm Management July 28, 2025
KPMG Hires Ex-IRS Acting Commissioner Douglas O’Donnell
O'Donnell, who served two separate stints as acting chief of the IRS before leaving the agency in February, has joined KPMG as a senior managing director within its Washington National Tax practice.
Firm Management July 28, 2025
TIAG/TAG Alliances Adds Four Accounting Firms on Three Continents
TIAG is the accounting division of TAG Alliances, one of the largest multidisciplinary alliances of professional services firms in the world.
Accounting July 28, 2025
Sage Acquires Fyle for Expense Management Workflow
Fyle was born out of the founders’ personal frustrations with expenses – managing clunky workflows, manually aligning receipts to charges, and waiting long periods while employers processed reimbursements.
Mergers and Acquisitions July 28, 2025
KSM Brings in CPA Firm MichaelSilver in Illinois
Top 60 accounting firm Katz, Sapper & Miller announced Monday its formal entry into the Chicago market with the addition of MichaelSilver, a Deerfield, IL-based advisory, tax, and assurance firm serving clients for more than 80 years.
Mergers and Acquisitions July 28, 2025
Frazier & Deeter Adds Anglin Reichmann Armstrong
The private equity-backed top 50 firm said on July 28 that it has acquired Anglin, a CPA and advisory firm with offices in Huntsville, AL, Pensacola, FL and Winter Haven, FL.
State and Local Taxes July 28, 2025
One Tax Change in Trump’s ‘Big Beautiful Bill’ That Even Illinois Gov. JB Pritzker Supports
The budget reconciliation plan Republicans pushed through Congress this summer includes a tax change that Democrats as well as some Republicans in high-tax blue states have backed for years.
Firm Management July 28, 2025
CBIZ CPAs Appoints New President and CEO
CBIZ CPAs, the firm formerly known as Mayer Hoffman McCann, on July 24 announced that Jeff Gluck would be its new president and CEO as part of a leadership team restructuring.
Small Business July 28, 2025
More Americans Will Rely on Debt and Pay Later Plans this Holiday Season, Shows Survey
Nearly half (47%) of respondents anticipate spending the most on holiday purchases in 2025 with Amazon, other big box retailers like Walmart, Target, etc. (32%), Black Friday/Cyber Monday (25%), and 18% with small businesses.
Payroll July 28, 2025
Analysis Shows Trump Tax and Deportation Plans Could Disrupt 6 Million Jobs
The analysis builds on recent economic research that found previous increases in immigration enforcement caused widespread job losses for both immigrant and U.S.-born workers.
Taxes July 28, 2025
In Las Vegas, House Republicans Take Victory Lap on ‘No Tax on Tips’ Policy
"No tax on tips" took center stage on July 25 during a visit from the House Ways and Means Committee to Las Vegas to promote President Donald Trump's One Big Beautiful Bill Act.