Accounting

The top 10 global accounting firm saw a 16% revenue increase over its 2022 result of $8 billion, with its largest growth in tax services.

A new report shows continued changes to economic nexus and marketplace facilitator laws in the U.S. and the expansion of e-invoicing globally in 2024, both of which will lead to the likelihood of increase sales tax audits.

The top 400 CPA firm combined with fellow Glastonbury, CT, full-service accounting firm Giamalis and Company on Jan. 15.

Vikram Luthar, who had been its CFO since 2022, was put on administrative leave and Ismael Roig will step in on an interim basis.

91% of survey respondents said they will need to raise capital in the next two years, while nearly two-thirds (65%) said they needed to raise capital within the next 12 months.

The top 50 firm promoted 11 to partner across its Rochester, Capital, Western New York, and Central New York regions on Jan. 1. 

This acquisition brings together two companies with significant experience and expertise in helping small and medium-sized businesses navigate the complexity of tax and regulatory compliance.

Randy Johnston and Brian Tankersley, CPA, attended CES 2024 in Las Vegas in January, and provide a walkthrough of the technologies they think will have the greatest potential or interest for accounting professionals.