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Accounting is changing, and the world can't wait until 2026

Accounting Today

We must confront a critical question: If we continue to train accountants solely to file tax reports, are we truly equipping them for the challenges of todays world? The recent announcement of the CIMA/CGMA 2026 syllabus has made it unmistakably clear: Merely knowing how to post journal entries is insufficient. All rights reserved.

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IRS FIRE's going out for 2027 tax season

Accounting Today

EDT 1 Min Read Facebook Twitter LinkedIn Email Andrew Harrer/Bloomberg Tax year 2026 and filing season 2027 are the target date for retiring the Filing Information Returns Electronic, or FIRE, system. All rights reserved. FIRE will not be available for submissions in filing season 2027.

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The accountant's advantage over technology in fraud prevention

Accounting Today

Accounting Technology Fraud prevention Fraud MORE FROM ACCOUNTING TODAY Practice management BDO names Matt Becker next CEO Matthew Becker, BDO USAs national managing principal of tax, has been ratified by a principal-wide vote to succeed Wayne Berson as the firms next CEO, effective July 1, 2026. All rights reserved.

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In the blogs: Breathing room

Accounting Today

Breathing room Current Federal Tax Developments ( [link] ): The critical updates of Notice 2025-33, which impacts digital asset brokers and their compliance obligations under IRC Sections 6045, 3406 and related penalty provisions, extend and modify previously granted transitional relief, "offering much-needed breathing room."

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M&A roundup: Meaden & Moore; Platform Accounting expand

Accounting Today

By Chris Gaetano July 9 Practice management Franklin Alliance acquires second firm The PE-alternative Franklin Alliance acquired Robert Morris & Company in New Bloomfield, Pennsylvania, as it aims to create a platform of local CPA firms. All rights reserved.

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Sax scores private equity investment

Accounting Today

As is common with PE deals, Sax will restructure to accommodate the investment, providing attest services through Sax LLP, a licensed CPA firm, and advisory, consulting and other professional services through Sax Advisory Group. Sax is in discussions with three other CPA firms and three wealth management firms. All rights reserved.

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In the blogs: Get yourself ready

Accounting Today

Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan. All rights reserved. Jeff Stimpson Freelance writer For reprint and licensing requests for this article, click here. By Roger Russell July 2 Accounting North Carolina signs licensure changes bill into law North Carolina Gov.