DOGE downsizing, IRS commissioner switch complicate tax season

The IRS continued layoffs, changed its acting commissioner, and ended its Direct File program as Tax Day arrived.
13 firms combine to form Sorren

The new combination, backed by PE firm DFW Capital Partners, will create a $170 million Top 100 Firm with over 1,000 professionals.
Trump’s ex-IRS chief pushes back on Harvard tax attack

Donald Trump’s promise to strip Harvard University of its tax-exempt status prompted criticism from former IRS commissioner Charles Rettig.
What audit firms should know about tokenization risks

Asset tokenization, the creation of digital ownership representations for diverse assets on blockchain and DLT platforms, is a transformative force in finance.
GreenGrowth acquires retiring firm William Wong

GreenGrowth CPAs acquired William Wong and Associates in Kailua-Kona, Hawaii, continuing its strategy of buying retiring firms.
Auditing and AI: from binders to bots
Audit has always been a profession steeped in precision and consistency, but when it comes to how we manage knowledge, the tools haven’t always kept up.
Tech news: Xero introduces solutions for bill pay, work papers

Xero introduces solutions for bill pay, work papers; Aiwyn rolls out comprehensive platform with payments, practice, client experience, tax; Fathom launches new solutions for insights, advisory; and other tech news.
On the move: KPM appoints outsourcing lead

RSM adds to executive leadership team; ICPAS to host nonprofit symposium; and more news from across the profession.
Eide Bailly merges in Roycon

The Top 25 Firm based in Fargo, North Dakota, has added Roycon, a Salesforce consulting firm based in Austin, Texas, bolstering its tech services.
Employers added 177K jobs in April, cut 900 in accounting

The U.S. Bureau of Labor Statistics issued an unexpectedly robust jobs report, but it may be the last one for a while.