Report finds Private Company Council effective
The Financial Accounting Foundation report found the Private Company Council has been performing its duties effectively and should continue to operate.
IRS noncommittal on future expansion of Direct File
The IRS declined to commit to expanding its Direct File free tax preparation program nationwide in response to a report from the GAO amid GOP opposition.
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.