Pettit & Company, LLC

06/09/2026

The IRS is continuing to challenge and audit claims for the Employee Retention Credit, extending the yearslong backlogs on processing the often dubious claims.

06/09/2026

No because why does FAR feel like “accounting: the extended edition” 😭📚

05/01/2026

Federal debt now tops 100% of gross domestic product, a potent symbol of the gathering fiscal stresses on the U.S. that have been building for decades. It's on the way toward breaking the record set in the wake of World War II.

As of March 31, the country’s publicly held debt was $31.265 trillion, while GDP over the preceding year was $31.216 trillion, according to data released Thursday. That puts the ratio at 100.2%, compared with 99.5% when the last fiscal year ended Sept. 30.

That figure will likely climb for the foreseeable future because the federal government is running historically large annual deficits of nearly 6% of GDP, which add to the debt.

The government is spending $1.33 for every dollar it collects in revenue, and the budget deficit this year is projected at $1.9 trillion. That is little changed from 2025 as Republicans’ tax cuts kick in before their spending cuts take effect.

The final tally will depend on Iran war spending, tariff refunds and the strength of the economy.

🔗 Read more: https://on.wsj.com/4ulCtLE

04/30/2026

A Treasury release said the changes are intended to “strengthen tax administration” and provide clearer reporting on the activities of tax-exempt organizations. No timeline was announced.

04/24/2026

08/02/2024

Today is officially moving day. Our new address is 6249 South East St., Suite E, Indianapolis, IN 46227.

06/28/2024

Our digital home just got an upgrade! Visit pettitcpas.com for intuitive navigation, valuable insights, and our commitment to excellence in accounting solutions

05/29/2023

We are looking for an Office Coordinator/Administrative Assistant with the following qualifications:

· Ability to work independently and within a team to track towards deadlines.

· Proficient in Microsoft office, email and other basic computer skills.

Propensity to learn and navigate the software used throughout the organization.

We Appreciate Our Employees by Providing:

Competitive salaries,
Continuing education,
Autonomy and the ability to react and communicate directly with clients,
Generous vacation allowance,
Internal advancement opportunities,
401k, very flexible work schedules and more.

Send resumes to [email protected]