The Federal Accounting Standards Advisory Board released guidance on implementing the disclosure requirements for public-private partnerships.
Day: August 4, 2026
IRS improper payments on tax credits increased last year
The IRS’s overall improper payment rate on refundable tax breaks increased from 21.9% in 2024 to 26.5% in 2025, totaling about $28.1 billion.
Ascend firms expand in California, New York
San Jose, California-based PP&Co acquired Ami Shah, and Mid-Atlantic Regional Leader LMC opened a new office with the addition of Ricky Spike and his team from Ives, Sultan & Spike CPAs.
Small business work hours grew in July
Growth in the number of weekly hours worked at small businesses hit its highest level in over five years last month, according to Paychex.
Advisory work doesn’t have a demand problem — it has a people problem
The top two blockers to advisory growth aren’t a lack of client demand — they’re internal.