The past year brought significant changes in how accounting firms and their clients approach digital and business transformation (see "
With that in mind, here are my top 10 predictions for 2021:
The Federal Accounting Standards Advisory Board released guidance on implementing the disclosure requirements for public-private partnerships.
The IRS's overall improper payment rate on refundable tax breaks increased from 21.9% in 2024 to 26.5% in 2025, totaling about $28.1 billion.
San Jose, California-based PP&Co acquired Ami Shah, and Mid-Atlantic Regional Leader LMC opened a new office with the addition of Ricky Spike and his team from Ives, Sultan & Spike CPAs.
Growth in the number of weekly hours worked at small businesses hit its highest level in over five years last month, according to Paychex.
The Top 75 Firm will acquire Schmoyer and Company in Columbia, South Carolina, effective Aug. 1, 2026.
National Association of State Boards of Accountancy vice chair J. Coalter Baker stepped down to focus on his health.
