Accounting News & Newsletter

A Three-Year-Old Accounting Firm Is Reportedly Worth £1 Billion

Firm Growth

Oct 19, 2026

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3 min read

A Three-Year-Old Accounting Firm Is Reportedly Worth £1 Billion

Tax Strategy

100% Bonus Depreciation Is Putting Private Jets on the Tax Calendar

Oct 19, 2026

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100% Bonus Depreciation Is Putting Private Jets on the Tax Calendar

Companies can write off qualifying aircraft in year one, but the deduction only works when the jet is ready for business and the flight logs hold up.

Larry Olson

Firm Growth

Oct 19, 2026

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A Three-Year-Old Accounting Firm Is Reportedly Worth £1 Billion

TPG is backing Sumer through a continuation fund, giving early investors a way out while Penta Capital stays in charge.

Hannah Olsen

AI Accounting Benchmarks Show Strong Results, With Important Limits

Oct 16, 2026

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AI Accounting Benchmarks Show Strong Results, With Important Limits

Month-end close and bookkeeping tests point to useful automation, not proof that software can replace an accountant.

Larry Olson

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Tax Regulation

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IRS & Regulation

GAO Finds Gaps in IRS Efforts to Track Ghost Preparers

Fragmented databases and work spread across six offices leave the agency without a clear count of the preparers it has identified or addressed.

Hannah Olsen

Oct 16, 2026

Tax

IRS Starts Automatic Adoption Credit Refunds for More Than 50,000 Taxpayers

A one-year carryforward interpretation may increase 2025 refunds without an amended return. Firms should reconcile the adjustment before filing anything new.

Larry Olson

Oct 16, 2026

IRS & Regulation

Four Texans Charged in Trust Scheme That Allegedly Hid $1.5 Billion

Prosecutors say the promoters sold permanent tax deferral while clients kept control of their money. The alleged tax loss exceeds $200 million.

Larry Olson

Oct 16, 2026

Firm Growth & Technology

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Firm Growth

A Three-Year-Old Accounting Firm Is Reportedly Worth £1 Billion

TPG is backing Sumer through a continuation fund, giving early investors a way out while Penta Capital stays in charge.

Hannah Olsen

Oct 19, 2026

Technology

NetSuite Makes Startup Finance Software Free, With Limits

QuickStart brings AI bookkeeping to young U.S. tech companies. Accountants should read the usage caps before recommending it.

Hannah Olsen

Oct 16, 2026

Technology

Only a Third of Small Tax Firms Block Domain-Spoofed Email

A study of 3,609 practices found a gap between publishing email-security settings and actually enforcing them.

Larry Olson

Oct 15, 2026