The Financial Accounting Standards Board issued a proposed accounting standards update on debt exchange transactions involving multiple creditors.

The Top 25 Firm is expanding in Ohio by adding a firm that specializes in serving McDonald's franchises.

Grant Thornton Advisors is merging together more international firms in its network, adding firms in the United Arab Emirates, Luxembourg and the Cayman Islands.

Commissioner roulette; tax crimes and green cards; the trap of major projects; and other highlights from our favorite tax bloggers.

Billion-dollar firms Baker Tilly and Moss Adams have made their merger official, combining to form what promises to be the sixth largest CPA firm in the U.S.

The financial services firm that caters to doctors, dentists, veterinarians and podiatrists has acquired a tax and accounting firm in California.

KNAV Advisory added Aventus Partners, strengthening its U.K. operations and continuing its international expansion strategy.

Plus, Intuit acquires tech and experts from fintech Deserve; Paystand launches feature to navigate tariffs; and other accounting tech news and updates.

The structure has been delivering tax savings to advisory practices and other professional services firms for decades. But experts say sometimes it's not the best fit.

The federal government's financial condition worsened by $4.7 trillion in the past year, according to a new report.

Following its acquisition with Marcum, Top 10 Firm CBIZ has begun centralizing its disparate technology services under a single office.

President Trump' and congressional leaders successfully corralled House Republican lawmakers to approve a Senate-passed budget outline.

The two Top 25 Firms are reportedly close to a major M&A deal, which would create a firm with $3 billion in annual revenue.

Ultra-conservatives in the House are threatening to block a budget blueprint to kickstart tax cut negotiations, potentially delaying passage of Trump's economic plan.

As M&A rebounds in 2025, dealmakers should conduct a thorough cultural assessment to make sure potential acquisitions are the right fit.

EisnerAmper added Prague & Co.; and GTM acquired the state income tax practice of DMA.

The PS+ practice serves nearly 80 firms across the U.S. and Canada.

House and Senate Republicans are battling over the size of spending cuts to be paired with a giant tax cut coming later this year.

McConnell Jones, the largest African American-owned CPA firm, is focused on expanding its geographic footprint as part of its growth strategy.