An unlikely pair of senators is teaming up to propose legislation to eliminate tax breaks for corporate M&A activity.

Private equity-backed platform Ascend has added a new member firm in San Diego, LevitZacks.

Private equity firm New Mountain Capital is taking a majority stake in Grant Thornton in the biggest deal to come along in PE firms' involvement in the accounting field.

A healthy succession plan achieves three main objectives: continuity through client retention, client growth and fair financial treatment of all parties.

Arvo Tech, a tax strategy technology provider for small businesses, has acquired Mark Murphy & Associates and Lee & Associates.

Plus, Baker Tilly solution helps find clean energy credits; and other updates from the accounting tech world.

The Top 25 Firm has acquired a technology solutions provider in Pennsylvania.

Jackson Thornton acquired MST CPAs & Advisors; and HHM CPAs merged in Bizzell, Neff & Galloway.

Complex transactions in this industry can trigger accounting and reporting issues that may result in SEC letters, restatements and challenging conversations with investors.

Acquirers are very selective because so many firms are looking for a deal.