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Accounting November 21, 2025
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
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.
Accounting November 20, 2025
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 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
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.
Mergers and Acquisitions November 20, 2025
Private equity-backed Ascend announced Nov. 20 that two of its platform accounting and advisory firms—TSS Advisors and Walter Shuffain Advisors—have completed merger deals, effective Nov. 1.
Technology November 20, 2025
This investment, which brings Numeric's total funding raised to $89 million, will allow the company to expand from close management into a broader compound startup model, delivering a unified data platform for enterprise finance teams.
Financial Reporting November 20, 2025
Extend’s expanded functionality gives small and mid-sized businesses, in particular, an easier path to modern, AI-powered expense management.
Accounting November 20, 2025 Sponsored
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Taxes November 20, 2025
During a Nov. 19 event in Mobile, AL, U.S. Chamber of Commerce's Tom Wickham said the president's tariff policy amounts to a potential $600 billion “tax increase annually,” including about $202 billion on small businesses.
Technology November 20, 2025
Asseta AI, a purpose-built accounting platform designed for family offices managing complex multi-entity wealth, announced a $4.2 million seed funding round co-led by fintech venture capital firm Nyca Partners and investment firm Motive Partners.
Firm Management November 20, 2025
With immersive storytelling, reel-based micro-lessons, and real-world demonstrations of AI tools, the platform offers firms a modern, high-engagement path to developing future-ready talent at scale.