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.
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.
Mergers and Acquisitions November 20, 2025
Ascend Member Firms TSS and Walter Shuffain Expand with Mergers
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
AI Accounting Platform Numeric Raises $51M Series B
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 Brings Universal Expense Management to the SMB Market
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
Revolutionizing Your Firm with Agentic AI: Introducing Intuit Accountant Suite
Sponsored Content- Intuit Accountant Suite is a revolutionary platform developed specifically to manage your firm, clients, and team in a single, unified environment.
Technology November 20, 2025
Asseta AI Raises $4.2M Seed Round to Bolster Family Office Accounting Platform
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
Boomer Consulting Inc. and Miles Masterclass Partner to Build the Next-Generation of AI-Ready Accountants
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.