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Accounting

IRS targets 'ghost employers'

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The Internal Revenue Service’s criminal investigators have been on the lookout for tax evasion by businesses that don’t pay employment taxes.

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Accounting

Eide Bailly merges in Roycon, expands Salesforce consulting

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Eide Bailly, a Top 25 Firm based in Fargo, North Dakota, has added Roycon, a Salesforce consulting  firm based in Austin, Texas, bolstering Eide Bailly’s technology consulting services. 

Roycon, which also has offices in New York City, Seattle and Irvine, California, specializes in Salesforce customization, and Salesforce’s Revenue Cloud and Field Service Lightning products. The deal will expand Eide Bailly’s ability to offer Salesforce solutions alongside its existing ERP, data analytics and cybersecurity services. 

“Technology is at the core of how businesses grow and operate efficiently,” said Eide Bailly managing  partner and CEO Jeremy Hauk in a statement Thursday. “By welcoming Roycon to Eide Bailly, we are expanding our ability to provide  customized Salesforce solutions that integrate with broader business strategies.” 

Financial terms of the deal were not disclosed. Eide Bailly ranked No. 19 on Accounting Today‘s 2025 list of the Top 100 Firms, with $704.98 million in annual revenue, approximately 387 partners and over 3,500 employees. 

Roycon will get expanded resources, client support, and a wider array of strategic technology services from the combination. 

“Joining Eide Bailly allows us to bring even greater value to our clients,” said Roycon CEO Cole Conroy in a statement. “We are excited to continue delivering exceptional Salesforce solutions while providing clients access to a full suite of technology and advisory services that drive operational success.” 

Earlier this week, Eide Bailly announced another merger, with Volpe Brown & Co., a firm headquartered in North Canton, Ohio. Eide Bailly expanded to Ohio last year by merging in Apple Growth Partners. Last year, Eide Bailly also sold its wealth management practice to Sequoia Financial Group. In 2023, Eide Bailly added Secore & Niedzialek PC in Phoenix, Raimondo Pettit Group in Southern California, Bessolo Haworth in California and Washington State, Spectrum Health Partners in Franklin, Tennessee, and King & Oliason in Seattle. In 2022, it merged in Seim Johnson in Omaha, Nebraska, and in 2021, PWB CPAs & Advisors in Minnesota. In 2020, it added Mukai, Greenlee & Co. in Phoenix, HMWC CPAs in Tustin, California, and Platinum Consulting in Fullerton.

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Accounting

On the move: KPM appoints outsourcing lead

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RSM adds to executive leadership team; ICPAS plans to host nonprofit symposium; and more news from across the profession.

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Accounting

Employers added 177K jobs in April, lost 900 in accounting

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The U.S. Bureau of Labor Statistics issued an unexpectedly robust jobs report Friday, with employment increasing by 177,000 jobs for the month, while the unemployment rate remained unchanged at 4.2% despite cutbacks in the federal government and fears of a recession.

Professional and business services added 17,000 jobs, but subtracted 9,000 jobs in accounting, tax preparation, bookkeeping and payroll services. Employment continued to grow in the health care, transportation and warehousing, financial activities and social assistance sectors.

However, federal government employment declined by 9,000 in April and is down 26,000 jobs since January. The Internal Revenue Service has reportedly experienced a 25% decline in its workforce, according to Moneywise, and recently issued layoff notices to employees in its Taxpayer Experience Office and its Office of Equity, Diversity and Inclusion in Taxpayer Services, according to NextGov. Over 300 IRS employees in the Independent Office of Appeals accepted voluntary buyouts under the IRS’s deferred resignation program, according to Bloomberg Tax

Average hourly earnings rose 6 cents in April, or 0.2%, to $36.06. Over the past 12 months, average hourly earnings have increased 3.8%. 

The strong jobs report may be the last one for a while, according to one economist. “The labor market has mostly shrugged off the impact of the April 2 tariff announcements and subsequent whipsawing in markets,” said Appcast economist Sam Kuhn in a statement. “The key question now: is this the last ‘before’ jobs report? This week’s GDP figure showed the U.S. economy contracted for the first time since the first quarter of 2022. Will a contracting economy bleed into a weaker labor market? Consumer sentiment has cratered while inflation expectations have risen massively. Businesses are avoiding passing off price hikes to consumers for as long as possible in case trade policy changes.”

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