CPA Practice

JUNE 18, 2025

reported increased levels of applications in 2024, up from 43% of programs seeing application growth in 2023. Undergraduate accounting enrollment increased 12% in fall 2024 compared to fall 2023. The study marks the fifth annual benchmark that now includes 2023 data. The share of growth in applications hit a five-year high.

accounting and finance

Accounting Today

JULY 9, 2025

Platform Accounting expands in Chicago Platform Accounting Group building in Holladay, Utah Platform Accounting Group has added Madison Street Advisors, formerly known as McCormick Tax Group, based in downtown Chicago, extending Platforms footprint in the Midwest. All rights reserved. in Modesto.

accounted

CPA Practice

JULY 14, 2025

Patrick Hickman, CPA , joined the firm in 2023 following a decade in public accounting with other firms. His areas of tax expertise include partnerships, including allocations, tax planning and structuring. She is a member of the American and Pennsylvania Bar Associations. He graduated with a B.S.B.A He holds a B.S.

West Virginia

Accounting Today

JUNE 23, 2025

In late 2023, GASB issued Statement 102 , "Certain Risk Disclosures," requiring state and local governments to provide financial statement users with information about specific risks when circumstances make a government vulnerable to a heightened possibility of loss or harm. All rights reserved.

accounting standards

Accounting Today

JUNE 12, 2025

After signing his guilty plea in October 2023, he embarked on a campaign to avoid responsibility for his conduct. All rights reserved. He lied to the court, to the U.S. Probation Office and to the government about a purported cancer diagnosis to delay the entry of his guilty plea and his sentencing.

Tax

Accounting Today

JUNE 10, 2025

In 2023, after Drake was elected as the eighth managing partner in the firms history, he told Accounting Today he planned to build Plante Moran into a $2 billion firm. In 2019, Plante Moran acquired Planning Perspectives in Birmingham, Michigan, and in 2018 it merged in EKS&H in Denver. All rights reserved. Sax ranked No.

New Jersey

CPA Practice

JULY 7, 2025

Rosen is a member of the AICPA Tax Section and is a past member of the AICPA Trust, Estate and Gift Technical Resource Panel and Tax Reform Resource Task Force and has more than 43 years of experience in public accounting, speaks locally and nationally on tax planning and related issues and has published more than 100 articles.

cpas

Accounting Today

JULY 16, 2025

In 2023, it acquired New York-based Janover ; Bemel, Ross & Avedon LLP , a Los Angeles-based business management firm; and two entertainment-oriented firms , Royalty Compliance Organization, a music rights and royalty auditing firm in St. All rights reserved.

Technology

Accounting Today

JUNE 19, 2025

Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. Yager used clients information to present false returns to the IRS from November 2023 through March of 2024, submitting returns in the name of her clients without their knowledge or approval. All rights reserved.

Tax

CPA Practice

JULY 25, 2025

Patrick Hickman, CPA , joined the firm in 2023 following a decade in public accounting with other firms. His areas of tax expertise include partnerships, including allocations, tax planning and structuring. She is a member of the American and Pennsylvania Bar Associations. He graduated with a B.S.B.A He holds a B.S.

West Virginia

Accounting Today

JUNE 25, 2025

The purchase, strategically, will allow Xero to have a native bill pay solution all its own, versus relying on third party integrations (Melio has been integrated with Xero since 2023. All rights reserved. By Chris Gaetano CloseText About Chris linkedin chris-gaetano-870989232/ June 25, 2025, 4:00 p.m.

Technology

ThomsonReuters

DECEMBER 27, 2024

Blog home With the introduction of Accounting Standards Update 2023-08, Subtopic 350-60, the landscape for accounting, audit, and assurance of cryptocurrency is evolving. Capability to account for fees allows wallet and exchange cost basis calculation to minimize tax. Current year gains and losses. Transaction matching.

audit

Accounting Today

AUGUST 1, 2025

by 2023, and further to 1.68% in 2025. By 2023, things began to decentralize, and by 2025, high-growth firms were allocating 57% more budget to regional/local efforts than their peers. But by 2023, there was a return to hybrid models. By 2023, it became a secondary focus. All rights reserved. That dropped to 2.5%

Technology

Withum

JUNE 18, 2025

In the competitive hospitality sector, achieving financial efficiency and effective tax planning is vital. Hotel ownership presents unique opportunities to enhance cash flow and minimize tax obligations, particularly through the implementation of cost segregation. million in first-year depreciation deductions and over $1.2

Hospitality

Withum

DECEMBER 4, 2024

The IRS released Notice 2023-63, as modified by Notice 2024-12, to provide additional guidance surrounding section 174 expenditures. It is effective for tax years ending after September 8, 2023.

Tax

Accounting Today

AUGUST 1, 2025

It added BBD LLP in Philadelphia in April 2024; OConnor & Drew in Braintree, Massachusetts, in 2023; and Martinez & Associates in Winter Springs, Florida, and Martini Partners in Encino, California, in 2022. All rights reserved.

Technology

Accounting Today

JUNE 5, 2025

For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 He caused a tax loss to the IRS of more than $2 million. In February 2023, Trifilo sought to obtain a $1.36 From November 2017 to December 2023, Rhew defrauded at least 117 investors of at least $24 million.

Tax

Withum

DECEMBER 11, 2024

Payroll tax offset: Beginning in 2016, qualified small businesses (defined as those with less than $5 million in gross receipts and those in their first 5 years of existence) can elect to use the R&D tax credit to offset their quarterly payroll taxes, which can provide a significant cash flow benefit.

E-commerce

Accounting Today

JULY 28, 2025

All rights reserved. Please check the corresponding audio for the authoritative record.

Technology

Accounting Today

JULY 24, 2025

Bakersfield, California: Tax preparer Victor Cruz, 40, has pleaded guilty to helping Miguel Martinez, a Mexican national who was in the U.S. illegally, submit fraudulent individual federal income tax returns that claimed $25 million in refunds. All rights reserved.

Tax

CPA Practice

JUNE 19, 2025

Launched in 2023, Pramata’s Partnership Program enables consulting firms and technology companies to elevate their contract management capabilities by embedding Pramata’s contract AI technology as a core foundation of their value added services.

Real Estate

CPA Practice

JUNE 20, 2025

Federal prosecutors indicted Parker and co-defendants, Virginia Humphries of Pittsburgh and Marc Andrew Martin of Detroit, in June 2023. million in COVID-19 relief loans in Pennsylvania. million in COVID-19 relief loans in Pennsylvania. Officials said the Small Business Administration approved 226 of those applications.

Pennsylvania

CPA Practice

JULY 30, 2025

The reporting threshold for Form 1099-K was $20,000 and 200 transactions from its inception in 2011 through 2023. However, the American Rescue Plan Act of 2021 eliminated the transactions requirement and reduced the threshold to $600.

Technology

Accounting Today

JUNE 9, 2025

That number has gone up in 2023, it was 880,000. First they got hit by getting scammed or losing whatever they lost, and then they had to pick it up as income and repay tax on it, and in the case of this woman, does she have the money to pay the tax? All rights reserved. The losses were 12 and a half billion dollars.

Washington

Accounting Today

JULY 10, 2025

In 2022 and 2023, he and others operated a ghost prep business in three Augusta locations, including a church and Browns residence. All rights reserved. Kim Brown and another individual ghost preparer prepared 22 false returns that caused the Treasury to issue $541,912 in false refunds.

Tax

Accounting Today

JULY 21, 2025

Union City, Georgia: Truck driver Dantavious Jackson, 39, who operated a ghost tax prep business, has pleaded guilty to making claims for refunds of false pandemic-related employment tax credits. On the side, he also prepared taxes for a fee. Between June 2022 and August 2023, he defrauded the U.S. All rights reserved.

Rhode Island

Accounting Today

JULY 15, 2025

We had 100% bonus depreciation until 2023 and in 2023 it began to phase out at 20% each year," said Boccaccio. "In In 2023 you couldnt deduct 100%. The bonus depreciation went down to 80% in 2023 and in 2024 it went down to 60%. companies from this tax increase in the European Union, will be made permanent.

Tax

Accounting Today

JULY 21, 2025

We started in 2023 and have acquired roughly 20 firms very quickly. All rights reserved. Tampa, Florida-based Top 100 Firm Crete Professionals Alliance — the 2025 No. 1 Fastest-Growing Firm — aims to offer the same balance to the many firms it has acquired in its short existence. I think theres a couple of key drivers of that.

Technology

Going Concern

OCTOBER 10, 2024

Moreover, within each sector, there are opportunities for specialization in areas such as tax planning, forensic accounting, auditing, financial analysis, and managerial accounting. Lemme bust out a handy dandy chart here: Source: “ Why No One’s Going Into Accounting ,” Wall Street Journal October 6, 2023 Oh.

accounting careers

Accounting Today

JULY 8, 2025

We can now go back to the old provisions, especially for small businesses with under $31 million in revenue, and amend for 2022, 2023 and 2024. All rights reserved. One negative is the fact that you have to continue to amortize over 15 years for foreign owners, but for everyone else its a big deal.

Technology

Menzies

APRIL 14, 2025

The Budget changes, coupled with frozen tax-free allowances (unchanged since 2009) and increasing inflation, are accelerating the number of taxable estates. Inheritance tax is no longer a tax solely for the wealthy, and with a headline rate of 40%, inheritance tax is becoming difficult to ignore. 67% effective tax rate?

Tax

Going Concern

APRIL 11, 2025

News Tax firm owned by Anne Arundel lawyer found liable in unjust enrichment case [ Maryland Daily Record ] An accounting firm owned by Glen Frost, the founder of one of Anne Arundel Countys largest law firms, was found liable for unjust enrichment and ordered to pay more than $680,000 after a jury trial last month.

audit

Accounting Today

JULY 2, 2025

United States of America had to be filed on June 25, 2025, because it was critically close to the two-year statute of limitations for a refund suit, given the IRSs refund claim denial date of June 26, 2023. All rights reserved.

North Carolina

ThomsonReuters

DECEMBER 30, 2024

While many questions remain, now is the time to begin exploring some of the potential tax law changes and strategies for how tax and accounting professionals can stay up to date on changes as they unfold. Individual income tax rates (10%, 12%, 22%, 24%, 32%, 35%, and 37%) will expire after 2025 and revert to pre-TCJA rates.

Tax

ThomsonReuters

NOVEMBER 19, 2024

In 2023, the industry reported US$23.9 Another 35% is spent on core activities, such as reviewing and signing corporate tax returns, managing tax advisory work, managing risk and communicating with stakeholders. Over the past decade, the MedTech industry has experienced significant, steady growth.

Technology

Accounting Today

JULY 10, 2025

between 2017 and 2023, according to an emailed statement. All rights reserved. The Financial Reporting Council is probing several audits carried out by Deloitte and U.K. accounting firm Azets Holdings on Stenn Assets UK Ltd. and Stenn International Ltd. Stenn attracted backing from investors including Citigroup Inc.,

audit

Accounting Today

JULY 1, 2025

Stephen Kepniss and Richard Di Palma and their outstanding team bring three decades of highly sophisticated tax experience that will further expand our capacity to meet our clients increasingly complex needs," said LMC CEO Lee M. Cohen, a member of Accounting Todays 2023 MP Elite. LMC joined Ascend in 2023. All rights reserved.

North Carolina