Browsing: Accounting

Published July 02, 2026, 12:57 p.m. EDT 3 Min Read The Internal Revenue Service's in-person Taxpayer Assistance Centers staff provided incorrect advice about the tax laws in nearly half of the visits by the Treasury Inspector General for Tax Administration, according to a new report that found …

Published July 02, 2026, 12:21 p.m. EDT | Updated July 02, 2026, 12:26 p.m. EDT 1 Min Read BMSS Advisors & CPAs acquired Aviso Group, effective July 1, expanding the Top 100 Firm's footprint in Alabama and launching the BMSS Family of Companies. Processing Content The deal grows the BMSS te…

Published July 02, 2026, 11:46 a.m. EDT | Updated July 02, 2026, 12:08 p.m. EDT 2 Min Read Two firms that are members of the Ascend platform completed acquisitions, effective as of June 1, growing their footprints in their respective states. Processing Content San Diego-based LevitZacks expanded in …

Published July 02, 2026, 10:59 a.m. EDT 17 Min Read The IRS now uses 126 active AI projects, up from just 10 two years ago. This rapid change, which has not been widely communicated to professionals, is changing how the IRS selects audits, detects fraud, and enforces rules. These changes directly im…

Big accounting firms could be forced to divest their auditing functions as they face their biggest shake-up in years following a string of governance scandals. The federal government released an options paper on Wednesday proposing a number of radical changes to the sector, toughening regulatory ove…