Partnerships

Accounting firms are increasingly looking to M&A as avenues for expansion and improved service offerings.

The Michigan-based Top 25 Firm has elected Jason Drake as the eighth managing partner in its 100-year history.

The New York-based Top 100 Firm is also adopting an alternative practice structure.

Automation pitfalls; partners in meetings; offering financial planning; and other highlights from our favorite tax bloggers.

Accounting firms are seeing their revenues, partner income and profits increase this past year, even as more firms resort to outsourcing to fill their talent shortages.

The service is establishing a group within its Large Business and International division to bolster tax compliance at large partnerships and S corps.

Following a top-to-bottom review of enforcement efforts, the agency is shifting more attention from working-class taxpayers to high-income earners, partnerships, large corporations and promoters of abusive tax shelters.

Profits at the U.K. arm of the Big Four firm declined to £1.3 billion in the year to June 2023, from £1.5 billion in 2022

The service is using the extra funding it received from the IRA to audit big, complex partnerships using data analytics and other technology tools, while working on hiring more experienced accountants.

Becoming a partner is the next step in the evolution of your career.