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Category: NYT Accounting News
Forvis Mazars global revenue grows 11%
Forvis Mazars reported its combined revenue globally for fiscal years 2024-25 reached $5.7 billion, or about 11% year-over-year growth.
IRS-CI uses bank filings in nearly all investigations
The IRS’s Criminal Investigation unit is leveraging the data received from financial institutions under the Bank Secrecy Act for the vast majority of probes.
GAO calls for stricter IRS oversight of tax preparers
Paid tax preparers can make serious errors on tax returns, according to a report from the Government Accountability Office that recommends better oversight.
NABA and TSCPA partner on accounting pipeline
The National Association of Black Accountants and the Tennessee Society of CPAs are partnering to address the talent shortage.
Slow quarter for SEC audit clients closes rollercoaster year
Even as auditors reported their lowest overall haul of new clients in almost four years, BDO USA topped the charts with a strong number.
IRS issues guidance on depreciation deduction
The IRS and the Treasury released interim guidance on a special depreciation allowance for qualified production property under the One Big Beautiful Bill Act.
IRS failed to equip new hires
TIGTA found that thousands of the IRS’s new hires in 2024 did not receive equipment or performance expectations in a timely manner.
Leveraging AI to expand online marketing
Accounting firms can’t simply focus on showing up in online search results; they also need to focus on appearing in AI searches on Gemini, ChatGPT and Claude.
Haefele Flanagan strengthens nonprofit practice
Haefele Flanagan acquired Durham, North Carolina-based Mig Murphy Sistrom, strengthening its nonprofit practice.