With a planned overhaul of Social Security and pressing budget issues occupying center stage during the onset of the second Bush administration term, the president's planned reform of the tax code would most likely be pushed back at least one year. According to the Washington Post, the president plans to name a panel to examine the current tax policy but reportedly will assign the Treasury Department to monitor the panel's progress. The report said that Treasury Secretary John Snow would most likely recommend incremental changes to the tax code, rather than more dramatic reforms such as supplanting it with a "flat tax" or national sales tax. A White House spokeswoman, however, maintained that overhauling the tax code remains a priority.
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Matthew Becker, BDO USA's national managing principal of tax, has been ratified by a principal-wide vote to succeed Wayne Berson as the firm's next CEO, effective July 1, 2026.
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Meaden & Moore acquires ChainRing Advisors; Platform Accounting expands in Chicago.
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The PE-alternative Franklin Alliance acquired Robert Morris & Company in New Bloomfield, Pennsylvania, as it aims to create a platform of local CPA firms.
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The Internal Revenue Service plans to shutter its Filing Information Returns Electronic, or FIRE, system.
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Tax solutions provider Avalara released its newest AI offering, Avi for Tax Research, a generative AI-based solution embedded in Avalara Tax Research.
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