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.

With private equity firms scouting the landscape, should accounting firms chart their own independent course?

The Top 20 Firm is expanding in Maryland in the latest in a string of M&A deals since receiving private equity funding.

Unlike tech companies and venture capital firms, accounting firms need to focus on and learn from mistakes.

Chicago-based Top 10 firm Grant Thornton found that finance leaders, who were already concerned about inflation, grew even more pessimistic about the road ahead. 

Some favorite techniques used by the wealthy in recent years aren't looking so good amid higher interest rates.

Plus, Rippling introduces new spend management product; Deltek launches a new partner program; and other updates from the accounting technology world.

A recent survey found that finance leaders are busy automating back office functions, with accounts payable being the top priority for these upgrades.

Chief financial officers have tech on their minds when it comes to their priorities going forward.

The acquisition is the latest in a string of M&A deals since Citrin received private equity funding last fall.

Finance teams need more resources to fulfill their digital transformations. Getting them requires clearly communicating the value of these investments.