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Accounting

Kansas Accountant, Who Created Fictitious ‘Middle Finger Ranch’ for Fraud Scheme, Sentenced to 4 Years in Jail

Accounting December 4, 2025 

Kansas Accountant, Who Created Fictitious ‘Middle Finger Ranch’ for Fraud Scheme, Sentenced to 4 Years in Jail

Quintin Flanagin, 45, of Colby, KS, was sentenced to 48 months in prison on Dec. 3 after admitting this past summer to defrauding clients, who were his family members, and using part of the money to build a home.

Jason Bramwell

Featured Articles

December 4, 2025  

Opportunities Exist for More Transparent Audit Committee Disclosures, CAQ Says

December 4, 2025  

FASB Adds Guidance to GAAP on Accounting for Government Grants by Businesses

December 4, 2025  

LGA Merges with Cohen Cohen & Co. and Ziner & Murphy in Massachusetts

December 4, 2025  

Manual Processes Still Prevalent in Accounts Payable as 1099 Season Nears, Avalara Report Says

December 4, 2025  

While Not Thrilled About the Economy, CPA Business Execs Are More Optimistic About Their Own Companies’ Outlook in Q4
Kansas Accountant, Who Created Fictitious ‘Middle Finger Ranch’ for Fraud Scheme, Sentenced to 4 Years in Jail

Accounting December 4, 2025 

Kansas Accountant, Who Created Fictitious ‘Middle Finger Ranch’ for Fraud Scheme, Sentenced to 4 Years in Jail

Quintin Flanagin, 45, of Colby, KS, was sentenced to 48 months in prison on Dec. 3 after admitting this past summer to defrauding clients, who were his family members, and using part of the money to build a home.

Jason Bramwell

Opportunities Exist for More Transparent Audit Committee Disclosures, CAQ Says

Accounting December 4, 2025 

Opportunities Exist for More Transparent Audit Committee Disclosures, CAQ Says

Most disclosure areas have stagnated or declined, providing audit committees with an opportunity to enhance transparency about their evolving oversight responsibilities, the Center for Audit Quality says in a new report.

Jason Bramwell

FASB Adds Guidance to GAAP on Accounting for Government Grants by Businesses

Accounting Standards December 4, 2025 

FASB Adds Guidance to GAAP on Accounting for Government Grants by Businesses

A new Accounting Standards Update published by the Financial Accounting Standards Board on Dec. 4 establishes authoritative guidance on the accounting for government grants received by business entities.

Jason Bramwell

LGA Merges with Cohen Cohen & Co. and Ziner & Murphy in Massachusetts

Mergers and Acquisitions December 4, 2025 

LGA Merges with Cohen Cohen & Co. and Ziner & Murphy in Massachusetts

The top 200 firm announced the completion of two merger deals this week—one with Boston-based CPA firm Cohen Cohen & Co. and the other with Stoneham, MA-based CPA firm Ziner & Murphy—effective Dec. 1.

Jason Bramwell

Manual Processes Still Prevalent in Accounts Payable as 1099 Season Nears, Avalara Report Says

Technology December 4, 2025 

Manual Processes Still Prevalent in Accounts Payable as 1099 Season Nears, Avalara Report Says

As the 1099 filing season approaches, rising form volumes, shifting IRS requirements, and tighter audit scrutiny are colliding with outdated, manual processes—leaving accounts payable teams stretched thin and exposed to risk.

Jason Bramwell

While Not Thrilled About the Economy, CPA Business Execs Are More Optimistic About Their Own Companies’ Outlook in Q4

Accounting December 4, 2025 

While Not Thrilled About the Economy, CPA Business Execs Are More Optimistic About Their Own Companies’ Outlook in Q4

CPA business leaders cited domestic economic conditions and inflation as their top concerns, while tariff-related uncertainty eased compared with last quarter, according to the Q4 AICPA and CIMA Economic Outlook.

Jason Bramwell

AuditFile Launches New QualityLink Solution for CPA Firms

Technology December 4, 2025 

AuditFile Launches New QualityLink Solution for CPA Firms

QualityLink is an integrated, AI-driven solution designed to help CPA firms comply with the full suite of quality management standards: AICPA Statement on Quality Management Standards No. 1 and AICPA SQMS No. 2, as well as International Standard on Quality Management 1 and ISQM 2.

Jason Bramwell

Brown Edwards Acquires Shelton & Co. CPAs in Virginia

Mergers and Acquisitions December 3, 2025 

Brown Edwards Acquires Shelton & Co. CPAs in Virginia

The top 100 accounting firm announced Dec. 2 that it has acquired Shelton & Co. CPAs, a Lynchburg, VA-based accounting practice that has served the construction industry for more than 30 years.

Jason Bramwell

5 Ways Hackers Use AI to Break Into Small Businesses—And How to Stop Them

Technology December 3, 2025 

5 Ways Hackers Use AI to Break Into Small Businesses—And How to Stop Them

A cybersecurity expert shares practical defense strategies for each attack type, stressing that employee training and affordable security tools can level the playing field.

Former Accounting Exec Busted for Allegedly Cheating the IRS, Getting Paid Under the Table

Accounting December 3, 2025 

Former Accounting Exec Busted for Allegedly Cheating the IRS, Getting Paid Under the Table

Stephen Hochberg, 77, who was an accounting and real estate executive in Sudbury, MA, was recently charged by the feds and has agreed to plead guilty to perpetrating the multi-year scheme.

UHY and Inova Payroll Announce Strategic Partnership

Accounting December 3, 2025 

UHY and Inova Payroll Announce Strategic Partnership

The top 30 accounting firm said a new partnership with Inova Payroll strengthens its technology ecosystem, enabling clients to optimize workforce operations, enhance compliance, and streamline payroll and HR functions through Inova’s cloud-based platform.

Jason Bramwell

Eide Bailly Merges in Wall, Einhorn & Chernitzer in Virginia

Mergers and Acquisitions December 2, 2025 

Eide Bailly Merges in Wall, Einhorn & Chernitzer in Virginia

The top 20 accounting firm will officially expand to Virginia on Dec. 8 when it combines with Norfolk-based CPA firm Wall, Einhorn & Chernitzer.

Jason Bramwell

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