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The Senate tax-writing committee plans to start hammering out the details of its tax cut proposal on Monday. The House may vote on its bill as soon as Thursday. Here are the latest developments, updated throughout the day.

Thomson Reuters’ Jon Baron warns that roughly a third of accounting practices are likely to disappear.

CPA firms aren’t just merging with other CPA firms any more – they’re scouting out practices in HR, IT, engineering, financial planning and many other areas, according to Transition Advisors’ Bill Carlino.

The Senate tax-writing committee plans to start hammering out the details of its tax cut proposal on Monday. The House may vote on its bill as soon as Thursday. Here are the latest developments, updated throughout the day.

The Senate Republican tax proposal unveiled Thursday would cost $516 billion over a decade after assuming macroeconomic benefits as a result of the tax cuts, according to a new analysis Friday by the Tax Foundation, a right-of-center Washington think tank.

The Public Company Accounting Oversight Board is finding many of the same problems at auditing firms during its most recent inspections that it has admonished firms for in the past, according to a new report.

Carr, Riggs & Ingram, a Top 100 Firm that has mostly operated in the Southeast, is expanding to New Mexico and Texas by merging in RPC CPAs + Consultants, LLP, New Mexico’s largest CPA firm.

The Big Four firm will also focus on attracting more future-forward skills, such as in blockchain and cybersecurity.

The Senate tax proposal released Thursday would restrict employees earning at least $500,000 from making so-called “catch-up” contributions to 401(k) workplace retirement plans.

Each generation joins the workforce gradually as members come of working age and ultimately fades out of the workforce as members reach retirement age, but there is a time in the middle when each generation becomes the largest group in the workforce. For millennials, that time is now.