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Latest News & Web Pages
Making the right choice when no one is watching
1+ week, 13+ hour ago (199+ words) When clients think nobody is watching, the CPA's judgment becomes an even more critical guardrail between short'term temptation and long'term consequences....
Space X doesn't have a timeline for its human missions to Mars. Kalshi traders say don't expect it this decade
4+ hour, 48+ min ago (210+ words) Space X made its debut at the Nasdaq on Friday, climbing more than 19% on its first day of trading and rising above a $2 trillion market valuation. But while the arrival of the company to public markets is squared away, some…...
On the move: Wolf launches a TAS practice
3+ day, 1+ hour ago (154+ words) Wolf & Co. launches a transaction advisory services practice; Marcum Asia launches a SPAC and de-SPAC practice; Cross Country elevates two co-CEOs; and other firm and personnel news from across the profession. These summaries were drafted using AI and subjected to…...
Tax Fraud Blotter: Own nothing, control everything
3+ day, 14+ hour ago (1164+ words) Denver: Four Colorado residents were convicted of conspiracy to defraud the U. S. for their roles in an abusive trust tax evasion scheme that caused approximately $40 million in losses. Marcia Predmore, Roderick Prescott, Suzanne Thompson and Weldon Wulstein promoted an illegal "layered…...
Firms shouldn't spend more time and effort buying software than hiring people
3+ day, 20+ hour ago (745+ words) Here's something that's always puzzled me about the cautious, analytical people who tend to run accounting firms: They will spend months selecting a $100, 000 piece of equipment or agonizing'over a $3, 000 per month software subscription. Yet they'll be pretty casual about hiring…...
Baker Tilly acquires Anchin
4+ day, 22+ hour ago (208+ words) Top 10 Firm Baker Tilly today announced it will acquire Top 100 Firm Anchin, Block & Anchin, and will move its headquarters from Chicago to New York City. Russell Shinsky, managing partner of Anchin, will serve as Baker Tilly's New York managing principal…...
Tax research AI usage doubles, more considering alternative billing models
5+ day, 23+ hour ago (215+ words) The number of tax practitioners using AI for research has nearly doubled in just a year, which is increasingly leading them to explore alternative billing models." Of these, 25% have access to Tax GPT, 22% have access to Blue J, and 17% have…...
Fieldguide launches long-horizon agent for audit testing
6+ day, 23+ hour ago (239+ words) Audit and advisory solutions provider Fieldguide announced the launch of Field Orchestrator, touted as a long-horizon agent capable of completing substantive testing workflows." While the specific definition can vary, in general a long-horizon agent can be described as an AI…...
Women aren't giving up, they're recalculating
6+ day, 23+ hour ago (727+ words) Public accounting has its own version of this story. None of that reduces ambition. It reduces available capacity, and firms often mistake the two. And now those same professionals are being asked to absorb yet another major shift, as AI…...
The AICPA asks: Are you ready for accounting in 2040?
1+ week, 1+ hour ago (744+ words) By the time 2040 rolls around, you may not recognize the work accountants are doing, how they're doing it, or how they prepare for and manage their careers, according to a major new report from the AICPA and CIMA. Built on…...