Maner Costerisan merges in Baker Holtz
The Regional Leader is expanding its presence in Western Michigan, effective Jan. 1, 2026.

AICPA, NASBA object to Ed. Dept. downgrade of accounting degree programs
The American Institute CPAs, the National Association of State Boards of Accountancy and state CPA societies voiced their objections to a government proposal.

FASB releases hedge accounting standards update
The Financial Accounting Standards Board issued a new accounting standards update aimed at improving its existing hedge accounting guidance.

First-time penalty abatement will soon be automatic
Understanding the authority, eligibility criteria and automation advantages of the program will be essential for firms representing clients before the IRS.

CPA QualityPro releases licensure feature to determine state practice privileges
Accounting firms can determine individual CPAs' practice privileges in different states under new mobility and substantial equivalency rules.

Time, training significant blocks to tech adoption
People want to use AI and other advanced tech more effectively, but they're too busy to learn how.

Assessing PE's 'great lab experiment,' four years in
Speakers at Accounting Today's 2025 PE Summit urged firms to explore the ways private equity is transforming accounting — and their practices.

Guidance issued for tip and overtime deductions
In Notice 2025-69, the IRS and the Treasury offer clarifications and examples of how to claim the One Big Beautiful Bill Act deductions.

Nidec shares slide amid accounting probe
Another downgrade by Moody's hit the manufacturer of mini motors' stock price.

New York signs licensure changes into law
Empire State Gov. Kathy Hochul signed a bill into law that will create an additional pathway to CPA licensure — the latest state to pass changes to licensure requirements.