PCAOB sanctions firm and partner for supervision, review violations
The Public Company Accounting Oversight Board sanctioned Adeptus Partners and its partner Howard Krant for violations related to supervision, review and quality control.
Baker Tilly merges with Moss Adams
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.
Tennessee expands paths to CPA licensure
The Tennessee General Assembly passed legislation backed by the Tennessee Society of CPAs adding an extra pathway to a CPA license.
Earned Wealth acquires Chahal
The financial services firm that caters to doctors, dentists, veterinarians and podiatrists has acquired a tax and accounting firm in California.
KNAV adds Aventus Partners
KNAV Advisory added Aventus Partners, strengthening its U.K. operations and continuing its international expansion strategy.
3 taxes on the wealthy that could pay for TCJA
Studies on the “buy, borrow and die” strategy and state-level taxes reveal the complexities involved with extending the Tax Cuts and Jobs Act by the end of 2025.
Acting IRS commissioner replaced by Treasury official
Gary Shapley, who was named only days ago as acting commissioner, was removed by President Trump and replaced by Deputy Treasury Secretary Michael Faulkender.
Tech news: Certinia announces spring release
Plus, Intuit acquires tech and experts from fintech Deserve; Paystand launches feature to navigate tariffs; and other accounting tech news and updates.
On the move: EY names San Antonio office MP
Carr, Riggs & Ingram appoints CFO and chief legal officer; TSCPA hosts accounting bootcamp; and more news from across the profession.
IRS proposes to end crackdown on basis-shifting transactions
The Treasury and IRS plan to withdraw regulations that labeled basis-shifting transactions among partnerships and related parties as “transactions of interest.”