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News
What successful M&A looks like
19+ hour, 59+ min ago (1162+ words) Acquiring another accounting firm may seem like a quick and easy way to boost growth — particularly when compared to the slow slog of building up business organically — but it's really neither quick nor easy. For many of this year's Fastest-Growing…...
Will AI replace accounting firms in the small biz market?
19+ hour, 59+ min ago (944+ words) Because of artificial intelligence, small-business owners today have choices that they never had before. Financial reporting is just one of the areas where AI can reduce costs the most, especially for companies with $10 million to $70 million in revenue. Today, many…...
The 2026 Salary Survey: Inching upward
20+ hour, 55+ min ago (447+ words) Accounting base salaries inched up again over the past year, while bonuses for lower-level employees decreased. Accounting Today and its parent company Arizent conducted our third annual salary survey, collecting responses from accountants from firms of all sizes regarding their…...
Sax Wealth Advisors adds Florida wealth manager
3+ day, 13+ hour ago (288+ words) Sax Wealth Advisors, the wealth management arm of Top 100 Firm Sax Advisory Group, has acquired Florida-based wealth management firm Lighthouse Financial. The deal, which closed at the end of June, gives Sax Wealth Advisors a second Florida office, and adds…...
IRS extends safe harbor for carbon capture tax credit
4+ day, 16+ hour ago (282+ words) Notice 2026-50, which the IRS and the Treasury issued last week, provides interim guidance, pending the issuance of regulations, relating to the credit for carbon oxide sequestration under Section 45Q of the Internal Revenue Code to reflect the Environmental Protection Agency's proposed…...
Northeast firms merge as BST Gallagher Flynn
5+ day, 17+ hour ago (159+ words) The combined firm will launch under the name BST Gallagher Flynn, a regional accounting and advisory firm serving clients across the Northeast. The firm brings together over 230 employees across offices in New York, Vermont, New Hampshire and India. Latham, New…...
Your clients' data belongs to your clients
5+ day, 21+ hour ago (573+ words) Every accountant knows the first principle of the profession, even if it's rarely stated out loud: We work in service of the business owner. The financials we prepare and the insights we deliver exist to help someone else's business succeed....
Treasury proposes GENIUS Act rules on who can sell stablecoin
1+ week, 13+ hour ago (333+ words) The Treasury Department issued a notice of proposed rulemaking Monday on implementing a section of the GENIUS Act, a law passed last year that sets up a regulatory framework for stablecoins, a form of digital assets pegged to a fiat…...
Check your tech stack for AI training leaks
1+ week, 15+ hour ago (1253+ words) "If you go and read their terms, they're not exactly favorable. Some of the terms have been like that for several years," he said. While there is great variation between how vendors word their respective policies, however, there are certain…...
Firm files patent on service contract and warranty accounting
1+ week, 18+ hour ago (288+ words) Kerper Bowron LLC, an actuarial, accounting, and insurance consulting firm based in Birmingham, Alabama, and Irish Trinity LLC have filed U.S. and international patent applications for what they call Kerper-Bowron Method — a way to forecast and account for liabilities for service…...