Accounting February 28, 2026
Voting Opens for 2026 Readers’ Choice Awards!
Voting in the 2026 Readers’ Choice Awards is now open. Readers can vote for the programs, hardware, services, and other technologies they use and trust.
Taxes November 21, 2025
IRS Provides Tax Break to Lenders on Rural and Agricultural Real Estate Loans
The Treasury Department and the IRS released interim guidance Nov. 20 on a new tax benefit for certain lenders, such as FDIC-insured banks, that provide loans secured by rural or agricultural real estate.
Taxes November 21, 2025
IRS Scam: FTC Sues Tax Debt Relief Company, Claims It Was ‘Pocketing Millions’ and Threatening Taxpayers
The Federal Trade Commission recently filed a joint lawsuit with the state of Nevada against American Tax Service as well as its owners and seven affiliated parties for making false claims that they could help taxpayers with their debts.
Mergers and Acquisitions November 21, 2025
Sax Adds SCL Consulting in Maryland
The top 100 firm has acquired SCL Consulting, a Columbia, MD-based financial consulting firm that specializes in client accounting services, effective Nov. 14.
Accounting November 21, 2025
Connecticut Accountant Admits to Evading More Than $400,000 in Taxes
Edward Sodlosky, 71, of Middlebury, CT, failed to report almost $1.4 million in additional income, resulting in a tax loss to the government of more than $400,000, authorities said.
Accounting November 21, 2025
Colorado Springs Accountant Gets 30-Month Jail Sentence for $8 Million Tax Fraud
Rodney Ermel, 71, was sentenced in October for tax evasion and conspiracy to defraud the U.S. and ordered to pay $8,087,385 in restitution to the IRS.
Taxes November 21, 2025
N.J. Tax Preparer Convicted in COVID Tax Scheme That Stole $55M
A jury convicted Leon Haynes of 15 counts of aiding and assisting in the preparation and presentation of false tax returns, one count of mail fraud and two counts of tax evasion following a six-day trial.
Technology November 21, 2025
Intuit Keeps Naming Rights on Intuit Dome for 2028 Olympics
Intuit is the first new founding partner of the 2028 Olympics and Paralympics to take advantage of venue naming opportunities available for the L.A. Games as the financial technology company and LA28 announced a sponsorship deal Nov. 21.
Staffing November 21, 2025
The Hidden Risks of AI-Generated Resumes—What CPA Firms Should Know
A poor hiring decision that could potentially expose your CPA firm to financial, reputational and operational risks.
IRS November 20, 2025
AICPA Says IRS Plan to Combine OPR and RPO Would Create Potential Conflicts of Interest, Confuse Taxpayers
A possible merger of the IRS's Office of Professional Responsibility with the Return Preparer Office would bring negative consequences to the nation's tax system, the AICPA wrote in a letter to the agency last week.
Accounting November 20, 2025
FASB Says Certain Costs of Leases Standard Were Significantly Higher Than Expected
A post-implementation review report on the standard says that while it achieved its overall objective, the initial costs to implement the lessee requirements along with the ongoing costs to apply those requirements "were significantly higher than the FASB expected at issuance."
Auditing November 20, 2025
Audit Partners Show More Optimism About the Economy, CAQ Survey Finds
Audit partners have a better attitude about the economy after reporting concerns last spring, as pessimism fell from 44% to 22% and economic optimism and neutrality both grew by more than 10%, according to the Center for Audit Quality.
Mergers and Acquisitions November 20, 2025
Mauldin & Jenkins to Merge in LaPorte CPAs & Business Advisors in Louisiana
The top 60 accounting firm will soon have an established presence in New Orleans and other cities in Louisiana, as well as in Houston, TX, after announcing a deal to merge with New Orleans-based LaPorte CPAs & Business Advisors, effective Dec. 1.