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News•Feb 27, 2026
Botkeeper Infinite Acquired by Xendoo, Platform Will Live Again
Botkeeper Infinite has been revived after Xendoo acquired its AI assets and re‑established the platform as a distinct division. The acquisition follows a brief shutdown announced by CEO Enrico Palmerino, but the software remained live to give customers time to adjust. Xendoo’s investors moved quickly, and the revived service is already processing orders and contacting clients. Palmerino promises a massive product upgrade before the end of the year.
By Accounting Today
News•Feb 27, 2026
Senate Committee Proposes to Regulate Tax Preparers, Improve IRS
The Senate Finance Committee unveiled the bipartisan Taxpayer Assistance and Service Act, targeting IRS modernization and stricter oversight of paid tax preparers. The legislation introduces penalties for preparers who alter returns, fail to provide valid PTINs, or misappropriate refunds, while...
By Accounting Today
News•Feb 27, 2026
On the Move: CRI Launches Capital Markets Practice
Carr, Riggs & Ingram (CRI) announced the launch of a dedicated capital‑markets practice focused on IPO readiness, SEC reporting, PCAOB‑compliant audits, and private‑equity accounting for small‑cap and middle‑market firms. Brent Leslie was named partner‑in‑charge, with Michael Corkery, Elizabeth Marks and...
By Accounting Today
News•Feb 27, 2026
It's Not a People Problem Anymore
Accounting firms have long grappled with a talent pipeline that can’t keep up with demand, turning the shortage of CPAs into a strategic crisis. The industry is shifting its perspective from a pure "people problem" to a broader capacity challenge,...
By Accounting Today
News•Feb 27, 2026
The ERC Trap: Closed Claims and Ticking Clocks
The IRS announced it closed all non‑examined Employee Retention Credit (ERC) claims on Dec. 31, 2025, yet roughly 41,000 claims remain in examination or appeal stages, many stalled without resolution. Appeals is severely backlogged, and the two‑year statutory deadline to sue for...
By Accounting Today
News•Feb 27, 2026
Tax Season Ramps up with Client Questions, Capacity Issues
Tax season 2024 is seeing a surge in early client inquiries as new legislation, notably the One Big Beautiful Bill Act (OBBBA), reshapes deductions and credits. Preparers are intensifying outreach through blogs, webinars, and newsletters to clarify misconceptions, yet many clients still repeat...
By Accounting Today
News•Feb 26, 2026
IRS Sent $447.8M in RRC Payments to Ineligible Taxpayers
The Treasury Inspector General for Tax Administration reported that the IRS mistakenly issued $447.8 million in Recovery Rebate Credit (RRC) payments to 300,843 ineligible taxpayers, many of whom were non‑resident aliens or received duplicate advances. The erroneous disbursements represent roughly 25 %...
By Accounting Today
News•Feb 26, 2026
Act Now to Battle Data Exfiltration
Accounting firms are facing a surge in data‑exfiltration attacks, where cybercriminals silently steal sensitive financial records to extort victims or sell the data. Traditional detection tools often miss covert channels, encrypted uploads, and traffic mimicry, leaving firms vulnerable. The average...
By Accounting Today
News•Feb 26, 2026
IRS Creates Tax Scam Reporting Web Page
The Internal Revenue Service unveiled a new, centralized web page (IRS.gov/SubmitATip) that lets taxpayers confidentially report tax fraud, scams, and evasion. By consolidating multiple reporting channels into a single "Report Fraud" button, the agency aims to simplify submissions and improve...
By Accounting Today
News•Feb 26, 2026
Boomer's Blueprint: Mind the Gap: Change, Talent, and the CPA Future
Boomer Consulting warns that the accounting profession faces a widening transformation gap between firms that evolve and those that remain static. Leadership must address talent alignment, business‑model redesign, and technology as a unified front to stay relevant. Automation is removing...
By Accounting Today
News•Feb 25, 2026
Sorren Expands in California
Sorren, an Idaho‑based accounting firm backed by DFW Capital Partners, announced the acquisition of Connected Accounting, a Los Angeles technology‑focused practice, extending its presence into California. Formed in May 2025 through the merger of 13 firms, Sorren launched with 85 partners and...
By Accounting Today
News•Feb 25, 2026
GASB Proposes Implementation Guidance for Financial Reporting Model Improvements
The Governmental Accounting Standards Board (GASB) released a proposed Implementation Guide addressing subsidies under Statement No. 103, Financial Reporting Model Improvements. The guide adds eight new Q&A items and revises Question 4.5 of Implementation Guide 2025‑1. Classified as Category B GAAP, the guidance is...
By Accounting Today
News•Feb 25, 2026
IRS, Treasury Plan Regulations on Foreign Currency Gains and Losses
The IRS and Treasury announced they will issue proposed regulations under Section 987 to modernize how foreign currency gains and losses are calculated for qualified business units. Notice 2026‑17 introduces an election for the equity‑and‑basis pool method, mirroring a 1991 proposal, and...
By Accounting Today
News•Feb 25, 2026
April Launches New Platform for Wealth Management
April has introduced an AI‑driven tax platform aimed at wealth managers and financial advisors, usable as a standalone solution or embedded within existing systems. The platform delivers a real‑time dashboard that surfaces client tax workflows, documents, and financial insights, while...
By Accounting Today
News•Feb 25, 2026
Practice Profile: Giving Everyone a Piece of the PE Pie
Citrin Cooperman, after private‑equity backing from New Mountain in 2021 and a Blackstone stake in 2025, rolled out a firm‑wide "P unit" program that gives every employee a share of the firm’s equity growth. The participation units vest based on...
By Accounting Today
Deals•Feb 25, 2026
Sorren Acquires Connected Accounting to Expand in California
Sorren, a Meridian‑based accounting firm, announced the acquisition of Connected Accounting, a technology‑focused firm in Los Angeles, to broaden its California footprint. The terms were not disclosed, and the deal aligns with Sorren’s strategy of integrating digital platforms across its...
Accounting Today
Deals•Feb 23, 2026
Haefele Flanagan Acquires Mig Murphy Sistrom CPA PC to Strengthen Nonprofit Practice
Haefele Flanagan announced the acquisition of Mig Murphy Sistrom CPA PC, a Durham‑based nonprofit accounting firm. The deal adds the founder and seven employees to Haefele Flanagan, expanding its nonprofit advisory capabilities and bringing its headcount to 60.
Accounting Today
Deals•Feb 9, 2026
Richey May Acquires Wagner Kaplan to Enter Maryland Market
Colorado-based Richey May announced on Feb. 9 that it has acquired Wagner Kaplan, a boutique tax firm in Rockville, Maryland. The acquisition marks Richey May’s entry into the Maryland market, expanding its national footprint. Deal terms were not disclosed.
Accounting Today