M&A roundup: From Minnesota to Memphis
Two Minnesota firms combine; Smith + Howard expands to Richmond; and more recent accounting mergers.
SEC approves PCAOB’s 2025 budget
The Public Company Accounting Oversight Board’s 2025 budget totals $399.7 million, and the accounting support fee totals $374.9 million.
Platform adds Illinois and Indiana firms
The additions bring the total number of firms that have joined the Utah-based company this year to 12.
Major AI players back Basis with $34M
AI accounting platform Basis’ Series A funding round included former Treasury Secretary Larry Summers and officials from Google and OpenAI.
QuickBooks’ AI makeover, and other tech stories you may have missed
Plus, what Excel’s CoPilot can do, the best industrial ERP solutions, and more.
In the blogs: On the horizon
Crypto’s future; sobering CTC; inside and outside; and other highlights from our favorite tax bloggers.
KPMG grows global revenue to $38.4B
KPMG International reported that annual aggregated revenues of its member firms around the world grew 5.1% for the 2024 fiscal year.
FASB proposes update on environmental credits
The proposed accounting standards update provides disclosure requirements related to environmental credits and obligations.
Does the SALT tax deduction cap unfairly penalize women?
The current limits for a deduction tied to state and local duties and the debate on the extension of the TCJA provides a lens to examine gender-based disparities.
Can blockchain track Scope 3 emissions?
Accounting researchers suggest that using blockchain, smart contracts and NFTs could simplify tracking for carbon reporting.