IRS plans a 50% ramp-up in small-biz audits next year

The enforcement push comes after years of persistently low examination rates.

IRS plans a 50% ramp-up in small-biz audits next year


Coronavirus delays IRS reorganization

The pandemic is throwing a monkey wrench into plans for the Internal Revenue Service to reorganize itself to provide better taxpayer service.

Coronavirus delays IRS reorganization


Businesses reassess leases and accounting amid coronavirus

Nearly one-third of companies are reducing their overall real estate footprint as a result of the COVID-19 pandemic, with 31 percent of companies renegotiating leases for more favorable terms, according to a new report.

Businesses reassess leases and accounting amid coronavirus


The craziest work-from-home expenses of 2020

Craziest work-from-home expenses of 2020

The craziest work-from-home expenses of 2020


News media provides important oversight of Big Four, study says

The press helps keep firms honest, according to a new academic paper.

News media provides important oversight of Big Four, study says


K2 recognizes AccountantsWorld, Zoho and others in annual quality awards

AccountantsWorld came away with top honors, winning the 2020 Prime Award. Also notable is Zoho’s win for its relatively young CPA program.

K2 recognizes AccountantsWorld, Zoho and others in annual quality awards


PwC acquires EagleDream Technologies

The Big Four firm has agreed to acquire the assets of a digital transformation company that’s part of the Amazon Web Services Partner Network.

PwC acquires EagleDream Technologies


Get ready for the next merger wave in accounting

Between the pandemic, aging CPA firm owners and staffing tensions, many in the accounting profession anticipate a huge uptick in firm mergers and acquisitions over the next 24 months.

Get ready for the next merger wave in accounting


$7.2M in SBA coronavirus aid went to family’s fake farms

The single-family house on Forestview Avenue in Euclid, Ohio, a suburb of Cleveland, shows no signs of farming activity. The only things growing on the one-eighth-acre plot are trees, shrubs and grass.

.2M in SBA coronavirus aid went to family’s fake farms


Billionaire Chris Rokos sues two firms for $72M over tax advice

Billionaire Chris Rokos, who runs the hedge fund that bears his name, sued Deloitte and a U.S. law firm after 39.4 million pounds ($52 million) in tax relief was thrown out by U.K. authorities.

Billionaire Chris Rokos sues two firms for M over tax advice