Economy

Family Office of America's Maryland subsidiary acquired Maryland-based CPA firm Toone & Associates — the latest example of family offices entering the accounting space.

Shutdowns and tax obligations; 529 money and the CPA exam; gig questions; and other highlights from our favorite tax bloggers.

The former long-time head of the American Institute of CPAs has been named chair of the global accounting network.

Family-office-backed accounting firm platform Elevate announced its acquisition of San Mateo, California-based Gilmore Advisors, which was effective Sept. 1.

Chicago-based CPA firm DSWD received an investment from 119th Street Capital, a family office based in Indiana that invests in privately owned financial service firms.

Shutdowns and tax obligations; 529 money and the CPA exam; gig questions; and other highlights from our favorite tax bloggers.

Small businesses with fewer than 50 employees maintained steady job growth and hourly earnings growth this past month, according to payroll company Paychex.

The One Big Beautiful Bill Act is abruptly curtailing the $7,500 tax credit for new electric vehicles and $4,000 for used EVs.

It's time to revisit the $10,000 cap considering a new $40,000 limitation under the OBBBA.

The Treasury and the IRS issued guidance on qualified OZ investments in rural areas under the One Big Beautiful Bill Act.