Finance

The recent trend toward private equity firms rushing to buy or invest in accounting firms may have unexpected consequences.

With inflation at nearly a 40-year high, the Internal Revenue Service said interest rates will increase for the calendar quarter starting Jan. 1, 2023.

Choreo's agreement to buy the wealth management arm of a major accounting firm reflects how CPAs and other tax pros have emerged as a key focus area.

The independent investment advisory firm that spun off from RSM US earlier this year is buying Cherry Bekaert's wealth management business.

The Regional Leader received an undisclosed amount of funding from Broad Sky Partners.

Taking the prize in annual installments over 29 years, rather than all upfront, dramatically increases the windfall. Lottery victors with seven-figure winnings can also reduce their tax bill.

With strong revenues and plenty of work to do, firms are putting off critical changes, says consultant Allan Koltin.

Private equity firms have been doing more investment deals in the accounting profession lately, causing some firms to restructure their practices, and they've needed advice from law firms on how to set up their attest practices in a way that doesn't run afoul of regulators.

Baker Tilly US entered the Southwest by adding Henry+Horne; and EisnerAmper expanded to Southern California by merging in Lindsay & Brownell.