California voters reject billionaire wealth tax
California voters are expected to reject a first-of-its-kind tax on billionaires, DDHQ projected on X, marking the end to one of the most expensive and divisive political battles in state history.

Smith + Howard acquires Hagler & Brocato and Byrne|Zizzi
The Top 75 Firm has expanded in the Southeast by adding two firms: Hagler & Brocato, in Hoover, Alabama, and Byrne|Zizzi in Tupelo, Mississippi.

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.