PCAOB fines MGO $500,000
The Public Company Accounting Oversight Board sanctioned Top 100 Firm Macias Gini & O'Connell, and two partners, over their audit of a biotech company that went bankrupt.

Numica raises $21M to buy firms, put them on AI platform
Numica has reportedly already acquired seven accounting practices to bring onto its artificial-intelligence-based platform.

Average tax rate drops 4%
The IRS claims 'historic' performance as collections rise and tax rates drop.

Tax Strategy: 2026 year-end tax planning
10 questions you and your clients need to think about before Dec. 31.

Your client's AI subscriptions are a practice risk
Transcription services, document analysis tools and research assistants have spread across businesses of every size. Some of these tools now hold contracts, payroll files and draft financial statements.

AI and the culture of your firm
Building a strong culture is only going to get harder — and much more important — as the accounting profession looks to engage with artificial intelligence, warns Sandra Wiley.

Why prediction market winnings may come with unwelcome tax surprises
Clients placing bets in prediction markets still face confusion over the tax treatment of winnings, which may not be treated as capital gains.

On the move: NASBA honors three CPAs
Plus, CohnReznick adds a number of new partners; Johnson Lambert rearranges its leadership structure; and other firm and personnel news from across the profession.

IRS lets Tax Pro Accounts make business client payments
The Internal Revenue Service has added a new feature to the Tax Pro Account allowing tax professionals to make some payments on behalf of business clients.

AICPA asks IRS to skip some penalties on estates and trusts
The American Institute of CPAs is urging the IRS to waive certain estimated tax penalties for estates and non-grantor trusts for tax year 2026.