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News
Current developments in S corporations
1+ mon, 1+ week ago (1332+ words) This annual update covers recent developments, including court cases and selected administrative changes occurring in the 12 months ending March 2026....
Tech News: Bizora announces advisory group
1+ mon, 2+ week ago (125+ words) Bizora announces advisory group, will sign off on opinions; Paylocity launches Ignite AI for automation, insights; ContinuServe upgrades combine Quartrro, ContinuServe and USWired; and other accounting tech news. Plus, JLK Rosenberger names a new MP; Crowe appoints a global growth…...
Intuit CEO to accountants: "You are the customer, not a channel"
2+ mon, 2+ week ago (754+ words) Intuit CEO Sasan Goodarzi declared today that, going forward, accountants are the customer not the channel and consequently they will be serving them as the customer. "We are here to be your partner. Not compete with you," he said. This…...
Financial restatements drop 18%
3+ mon, 1+ week ago (253+ words) Corporate restatements dropped by almost a fifth (18%) in 2025, according to a new report, continuing a long-term trend of decreases. At 391, last year had the second-lowest number of restatements in the past 20 years, according to Ideagen Audit Analytics' new "Financial Restatements…...
HBK acquires BB&K
4+ mon, 1+ week ago (327+ words) Hill, Barth & King acquired Tampa-based BB&K, effective as of May 1. The deal expands the Top 50 Firm's presence in Florida. BB&K adds 22 professionals to the team, and its managing partner, Donald Keyes, will join HBK as principal and market…...
Tech News: Canopy announces Canopy Coworker
4+ mon, 1+ week ago (134+ words) Canopy announces Canopy Coworker; Instead launches AI agent for business, individual tax workflows; Ramp touts AI procurement agents; and other accounting tech news. CryptoPunks; Eight Percent Fund; fake Transaction Summaries; and other highlights of recent tax cases. Nonprofit organizations are…...
Skims valued at $5 billion after new funding round as it accelerates store expansion
10+ mon, 1+ day ago (382+ words) Kim Kardashian's Skims brand has raised $225 million in new funding led by Goldman Sachs Alternatives, valuing the shapewear and apparel company at $5 billion — up from roughly $4 billion after its 2023 round. The deal comes as Skims nears $1 billion in annual net…...
Goldman Sachs bond traders stumbled as Wall Street rivals thrived: 'A fire is being lit under' them
4+ mon, 4+ week ago (473+ words) When Goldman Sachs executives were asked about disappointing results in the firm's fixed income division this week, they made it sound as though the trading environment was simply not in their favor. Fixed income revenue fell 10% in the first quarter,…...
Morgan Stanley is set to report first-quarter earnings — here's what the Street expects
4+ mon, 4+ week ago (293+ words) Morgan Stanley on Wednesday posted first-quarter results that topped analyst estimates as the firm's trading operations generated almost $1 billion more in revenue than expected. Here's what the company reported: The bank said profit jumped 29% to $5.57 billion, or $3.43 a share. Revenue…...
Bank of America is set to report earnings. Here's what to expect
4+ mon, 4+ week ago (407+ words) Bank of America, the nation's second-largest lender, beat on the top and bottom lines during the first quarter, bolstered by equities sales and trading. Here's what the firm reported: The bank said Wednesday that net income rose 17% to $8.6 billion, or…...