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AICPA News – July 2025

CPA Practice

Jason Bramwell Mergers and Acquisitions July 7, 2025  Ascend Adds Accounting Firms in New York, North Carolina Ascend has expanded its presence on the East Coast by adding two more accounting firms to its platform—Tronconi Segarra & Associates in Williamsville, NY, and BGW in Charlotte, NC—effective July 1.

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What oil and gas companies need to know about taxation worldwide

ThomsonReuters

But because the AMT is based on financial statement income, not taxable income, IDC deductions don’t lower taxable income as much as they can for smaller oil and gas companies not subject to the AMT. in North Carolina to a high of 9.8% These states include California, Idaho, Montana, and North Carolina.

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ERC IRS Audit Representation: Your Comprehensive FAQ Guide

MyIRSRelief

Businesses should be prepared to provide documentation supporting their ERC claims, including payroll records, financial statements, employment tax returns, and any other relevant records. What Documentation is Required During an ERC Audit? Can I Seek Professional Representation During an ERC Audit?

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2023 NCGFOA Summer Conference Recap

Cherry Bekaert

Opioid Settlement Funds Opioid Settlement Funds were also highlighted, noting that governmental units need to fulfill both the requirements of the North Carolina Memorandum of Agreement (MOA) and the North Carolina Local Government Budget & Fiscal Control Act. Stay tuned for more information.

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Cedar Raises $102M For Medical Billing

PYMNTS

based Novant is a nonprofit network consisting of more than 1,500 physicians and 15 medical centers in North Carolina, Virginia and South Carolina, according to its 2018 audited financial statements. Cedar also announced what it called an “innovation partnership” with Novant Health. Winston, N.C.-based

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Accountants Behaving Badly: Police Department Accountant Couldn’t Be Bothered, PPP Loan Fraud, and a Creepy Tax Preparer

Going Concern

Attorney’s Office, Western District of North Carolina ] A federal grand jury in Charlotte has indicted Mandy Deann Urban, 47, formerly of Charlotte, with wire fraud, for allegedly embezzling more than $1.1 Attorney for the Western District of North Carolina. million from her employer, announced Dena J.

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Friday Footnotes: The Profession vs. Gen Z; CPA Firms Get Back to the Office; Deloitte Quits | 6.23.23

Going Concern

The auditor said it had “not received any communication” from Byju’s on the “status of audit readiness of the financial statements and the underlying books and records for the year ended March 31 2022”, and had therefore been unable to start its work. The results from the company had been due in September. 31 is still not finished.