Practice Management News from Accounting Today

The IRS has been examining only a tiny fraction of tax filings from large partnerships due to staffing shortages and other resource constraints.

A majority of accounting firms say they are changing their messaging around pricing as clients increasingly question their cost models in the age of AI efficiencies.

The Top 100 Firm acquired New Jersey-based Cg Advisory, expanding its platform's presence in the Northeast.

For many firms, a technology that was meant to make things better may instead prove to be yet another tax season headache.

Accounting and IT departments have long been working in silos, which often leads to numerous operational challenges. Accountants taking on the role of tech advisors can bridge this gap.

CPAs dealing with the new 1099-DA rules this year are challenged by the fact that they only report gross proceeds this year, leaving them and their clients to calculate cost basis themselves.

The average growth rate for accounting and financial services firms has fallen from an all-time high of 13% to less than 10% today, the lowest in five years.

Paul Griggs, CEO of PwC, said they plan to adjust billing model to factor in AI, potentially without even a human professional in the loop, and added that if any humans have a problem with it they have no place in this firm.

Plus, EY announces new software development model; SAP touts new integrations, features for Concur; and other accounting tech news and updates.

The unit will now be renamed Threadline Wealth, backed by investment from the Cynosure Group, and have $5.8 billion in client assets under management

Weaver names pair of tax partners; RubinBrown appoints assistant managing partner; and more news from across the profession.

The Top 100 Firm acquired human resources consulting agency Soaring Bird Solutions, expanding its ability to serve tribal nations and tribal enterprises.

The yearslong lawsuit involves the investors in a defunct hedge fund who sued the auditing firm for negligence, breach of contract and breach of fiduciary duty.

The Top 100 Firm acquired SD Mayer Advisory, expanding its presence on the West Coast.

McConnell Jones, the largest Black-owned CPA firm in the U.S., appointed William Taylor, Jr. as managing partner, succeeding founder Wayne McConnell.

KPMG International elected Gary Wingrove as its next global chairman and CEO, succeeding Bill Thomas in a four-year term, effective Oct. 1, 2026.

Big deals for CBIZ and Baker Tilly put them at the top of the league tables for new public company audit engagements for all of 2025.

Platform added a Boca Raton-based firm, entering the Florida market and expanding its presence in the Southeast.

It's not too late to build your accounting firm's quality management system, and it doesn't have to be overwhelming.

Price, Reuben, and Associates, an advisory firm based in Calabasas, California, will join the Top 25 Firm's restaurant advisory practice.