Accounting Today

JUNE 13, 2025

Some 85% of firms now offer client advisory services, a big spike from 41% in 2023, indicating a strategic shift toward delivering forward-looking financial guidance that clients increasingly expect. All rights reserved. AI adoption is also reshaping the profession, with 80% of firms confident it will positively affect their practice.

Technology

Accounting Today

JUNE 19, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. In March 2023, Estes made a $1.3 All rights reserved.

Tax

Accounting Today

JULY 9, 2025

In 2023, the firm acquired and rebranded several firms in California, including Alpert & King and R.O.A.D All rights reserved. Last December, it added Midwest Advisors, formerly known as Philip+Rae & Associates, in Naperville, Illinois, and Crossroads Advisors, formerly Peachin Schwartz + Weingardt, in Indianapolis. in Modesto.

accountant

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 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 He deprived the IRS of $145 million in tax revenue. Philadelphia: Tax preparer James J.

Tax

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. As a result, Coco failed to pay the IRS $456,683.

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. merged with Charles Anastasia to form Sewald & Anastasia in 2023. In 2023, Sax merged in Schall & Ashenfarb CPAs , a firm based in New York.

New Jersey

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 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

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

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. Reporting can be easily imported into your tax preparation software. Exclusive integration.

audit

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

Going Concern

NOVEMBER 22, 2024

CapRadio releases audited 2024 financial reports, revealing $10M in debt and its repayment plans [ CapRadio (Sacramento)] Capital Public Radio management released audited financial statements for the 2023-24 fiscal year on Thursday, revealing roughly $10 million in debt.

auditor

Accounting Today

JULY 28, 2025

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

Technology

Going Concern

JANUARY 22, 2025

A federal indictment unsealed today charges Jason Alexander Jerkins, 36, of Franklin, Tennessee, with wire fraud, money laundering and tax fraud, announced Acting United States Attorney for the Middle District of Tennessee Robert E. JBS was a sole proprietorship, and Jerkins controlled its bank accounts.

Tennessee

Going Concern

FEBRUARY 10, 2025

As ZDNET’s Sabrina Ortiz reported, “Right in time with tax return season, leading the table was the role of ‘tax preparer’ with a probability of 98% replacement, which ChatGPT deemed as ‘near-certain automation.'” Activity in the sector peaked post-pandemic in 2023 with 160 deals.

Indiana

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

Kim Brown and another individual ghost preparer prepared 22 false returns that caused the Treasury to issue $541,912 in false refunds. 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. million on personal expenses.

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. in restitution.

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%. All rights reserved. 19, 2025."

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

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

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. Jeff Stimpson Freelance writer For reprint and licensing requests for this article, click here.

North Carolina

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

Going Concern

JULY 18, 2025

billion in confirmed fraud, with a notable case in 2023 when the Department confirmed spending $51,000 on a trash can. While in Congress, where he served from 2011 to 2023, the Republican sponsored legislation to get rid of the IRS. A former auctioneer and real estate broker, Long has no background in tax administration.

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

Going Concern

APRIL 4, 2025

Macy’s executives will have to pay back over $600,000 after an accounting scandal inflated their bonuses [ Business Insider ] The retailer overstated one of its earnings measures by $81 million in 2023, the company said in a filing with the SEC.

Tax

Accounting Today

JULY 11, 2025

All rights reserved. PENNSYLVANIA Maggie Havelka Schneider Downs & Co.,

Oklahoma

Accounting Today

JUNE 25, 2025

In 2023, RubinBrown merged in KnowledgePath Consulting in Birmingham, Alabama. All rights reserved. We are excited to expand our presence in Nashville, deepen our industry capabilities, and continue building trusted relationships with clients. In 2022, it added Himes Consulting Group and JMW & Associates in Overland Park, Kansas.

Technology

Accounting Today

JUNE 30, 2025

In the 2022 league table, PwC ranked first among China-based audit firms by revenue, but was left off the list in the 2023 ranking. Rivals EY, KPMG and BDO snapped up the top three spots in 2023. All rights reserved.

Technology

Accounting Today

JULY 29, 2025

The Office of Personnel Management recently proposed a rule adding new suitability criteria for federal employees, including "failure to comply with generally applicable legal obligations, including timely filing of tax returns." All rights reserved.

Tax

Accounting Today

JULY 1, 2025

Since dropping below 4% in July 2023, hourly earnings growth has averaged a monthly decrease of 0.05%. All rights reserved. The Paychex Small Business Employment Watch showed an index level for June of 99.65, while hourly earnings growth for small business workers continued to trend below 3% at 2.79%.

Ohio

CPA Practice

APRIL 7, 2023

“If your preparer asks you to sign a blank return, refuses to sign your return as your return preparer, or is charging you a fee based on the size of your refund, consult the IRS’s website and tips to make sure you are not exposing yourself to trouble.” “Tax Goldberg of the Justice Department’s Tax Division. “As

tax preparation

Snyder

OCTOBER 30, 2022

So it’s no wonder that the business tax season is a hot time for small business owners, just as it is for accountants , especially when you need to deal with all this manual data entry and reconcile the accounts without any discrepancies. But is there a way to escape tax filing season disturbance? How to file income tax?

tax preparation

Accounting Today

OCTOBER 25, 2023

In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.

tax planning

CPA Practice

JULY 17, 2024

As part of her guilty plea, Jacob also agreed to be permanently barred from preparing or filing tax returns for others. Hubbert of the Justice Department’s Tax Division made the announcement. Taxpayers seeking a return preparer should remain vigilant against unscrupulous tax preparers.

New York

CPA Practice

FEBRUARY 17, 2023

Tax season is always stressful. Hurried filers inundate tax preparers working furiously to help their clients file on time while the dreaded tax deadline looms. However, it’s important to pause and reflect on your data privacy standards, digital communication norms, and potential vulnerabilities this tax season.

tax preparation