The Latest

The Public Company Accounting Oversight Board sanctioned U.S.-based TPS Thayer for failure to reasonably supervise an unregistered firm in China.

A group backed by financier Michael Sacks has started funding ads against Chicago's plan to bring back a tax on large corporate payrolls.

Plus, Karbon launches smart tax organizers and binders with Stanford Tax; and other accounting tech news and updates.

By any other name; a different kind of clearing house; dodgy digital; and other highlights of recent tax cases.

Carr, Riggs & Ingram added DK Partners; LGA merged in Ziner & Murphy; Adams Brown acquired Stafford & Westervelt; and Stephano Slack merged in Boyer & Boyer and Kimmel, Lorah & Associates.

Franklin Alliance, a venture capital-backed company that helps small and midsized firms scale, acquired Cincinnati-based Howard, Nunn & Bloom. Randy Crabtree and Jon Segal also joined its advisory board.

Public Company Accounting Oversight Board member Christina Ho plans to resign by the end of January as a shakeup is expected at the board.

The Financial Accounting Standards Board issued an accounting standards update with guidance on accounting for government grants to business entities.

The release coincides with a $6.25 billion donation from Michael Dell and his wife to kickstart the savings program.

Approximately three-quarters of businesses haven't yet automated their 1099 information reporting for their taxes, according to a new report from Avalara.