Accounting Today

JULY 9, 2025

Accounting Technology Fraud prevention Fraud MORE FROM ACCOUNTING TODAY Practice management BDO names Matt Becker next CEO Matthew Becker, BDO USAs national managing principal of tax, has been ratified by a principal-wide vote to succeed Wayne Berson as the firms next CEO, effective July 1, 2026. All rights reserved.

Technology

Accounting Today

AUGUST 1, 2025

Wipfli expects to book revenues of $700 million for the year ending May 2026 (the firm earned $621 million in the prior year). All rights reserved. The valuation for Wipfli is north of $1 billion, according to Koltin Consulting Group CEO Allan Koltin, who served as an advisor on the deal.

Technology

Accounting Today

JUNE 23, 2025

Medicaid funding would also count, and substantial cuts are expected under the tax bill now being considered in Congress "Medicaid funding in particular is a really big part of state budgets, so the potential for them to be substantial at a state level at least exists and warrants consideration," said Black. All rights reserved.

accounting standards

ThomsonReuters

DECEMBER 19, 2024

In addition, brokers will be required to report gross proceeds from digital asset sales starting in 2026 for transactions occurring in 2025; and report tax basis information for certain digital asset sales made in 2026, beginning in 2027. They are now tasked with guiding clients through the complexities of these rules.

tax planning

ThomsonReuters

JULY 23, 2025

Jump to ↓ Key provisions and changes Challenges and opportunities for tax professionals Planning opportunities Key takeaways from the One Big Beautiful Bill Act The One Big Beautiful Bill Act (OBBBA) has brought significant changes to the tax landscape, presenting both challenges and opportunities for tax professionals and their clients.

Tax

CPA Practice

JUNE 18, 2025

In her new role, Jennifer will oversee the equity management, lease lifecycle management, and tax reporting solutions, enhancing insightsoftware’s ability to deliver trusted and effective solutions for its customers. Most recently, she served as president of North America at QuickFee, a payment technology platform. © 2025 Firmworks, LLC.

Technology

CPA Practice

JULY 7, 2025

In parallel with his public service, he is in the early stages of co-founding an estate planning and estate tax firm alongside his wife, who is also a licensed CPA. Property and Fiscal Office on accounting programs, financial systems, and operational business processes.

cpas

Accounting Today

JUNE 17, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers. Tax Foundation ( [link] ): Illinois policymakers should think twice before taxing GILTI. Tax Review Board. All rights reserved.

E-commerce

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. By Chris Gaetano July 9 Like what you see?

Account

CPA Practice

JULY 14, 2025

Mary Girsch-Bock Professionals on the Move is a round-up of recent hiring, promotion and staffing announcements from around the accounting and tax profession. His areas of tax expertise include partnerships, including allocations, tax planning and structuring. He graduated with a B.S.B.A He holds a B.S.

West Virginia

ThomsonReuters

JULY 21, 2025

For tax professionals, this change brings with it both opportunity and complexity, whether it’s deciphering federal changes, navigating a mix of state conformity, or managing client expectations. Let’s take a look at how the OBBBA is reshaping SALT policy and how tax professionals like you can stay one step ahead.

tax preparation

ThomsonReuters

DECEMBER 27, 2024

This marks a pivotal shift for tax and accounting professionals, fundamentally altering how digital asset transactions, including cryptocurrency , are tracked and reported for tax purposes. Digital asset tax planning Clients engaging in digital asset transactions often need guidance on tax-efficient strategies.

Real Estate

CPA Practice

JULY 25, 2025

Mary Girsch-Bock Professionals on the Move is a round-up of recent hiring, promotion and staffing announcements from around the accounting and tax profession. His areas of tax expertise include partnerships, including allocations, tax planning and structuring. He graduated with a B.S.B.A He holds a B.S.

West Virginia

CPA Practice

OCTOBER 30, 2024

Aprio , a top 25 business advisory and accounting firm, has released its 2024 End of Year Tax Update , highlighting 2024 tax updates and factors that will significantly impact tax planning for 2025 and beyond. Notably, the guide hones in on the planned sunset of provisions made to the 2017 Tax Cuts and Jobs Act (TCJA).

Tax

Accounting Insight

MAY 1, 2025

Approaching the transition to MTD (Making Tax Digital), accountants may be worrying about the challenge they face. In this guide we cover everything you need to know about preparing for MTDincluding what it means for income tax and self-assessment, as well as MTD for Income Tax. What is MTD for Income Tax (MTD)?

Tax

Accounting Today

JULY 17, 2025

Were on the cusp of 70 years old next year in 2026, and I think this is probably the most exciting day of Sax history as we start this journey," Damiano said. "I Scalise, national partner-in-charge of Saxs Federal Tax Credits & Incentives Practice, who has also been spearheading many of the firms philanthropic efforts.

New Jersey

CPA Practice

JUNE 19, 2025

Bio ) As enterprise tax growth and industry leader and Canada tax leader, Severino drives strategic growth and fosters collaborative efforts focused on delivering comprehensive insights and innovative solutions that meet the evolving needs of the middle market. Canada, India and El Salvador.

Real Estate

Accounting Today

JULY 25, 2025

Danielle Lee Managing Editor, Accounting Today mailto linkedin Practice management Career moves PCAOB MORE FROM ACCOUNTING TODAY Technology Tech news: SmartVault plans AI document management tool Plus, Pipe launches AI agents for small biz; Wolters Kluwer divests its Finance, Risk and Regulatory Reporting unit; and other accounting tech news.

Rhode Island

LSLCPAs

JULY 23, 2025

The One Big, Beautiful Bill Act (OBBBA) brought sweeping changes to the federal tax code, many of which we covered in our recent overview for businesses and high-net-worth individuals. New limitations will apply starting in 2026, which makes 2025 a key window for maximizing your donations—for. One area that deserves a closer look?

cpas

SkagitCountyTaxServices

JULY 24, 2025

It’s the same kind of protective planning I’ve been prescribing for weeks now, related to the One Big Beautiful Bill Act (OBBBA). I’ll reiterate: the moves you make now (with equipment purchases, hiring, R&D, etc) will either maximize or undermine your tax position heading into 2026. Absolutely.

Tax

Accounting Today

JUNE 27, 2025

CALIFORNIA Evan Staggs Evan Staggs was hired as a partner in the tax practice at Weaver, Woodland Hills. He became instrumental in the field of taxation, with a specific focus on state and local taxes. All rights reserved. IDAHO Heath Alloway was hired as a growth partner at Sorren, Meridian. and became an ICPAS member in 1974.

Technology

CPA Practice

JULY 9, 2025

Madison Street Advisors, formerly McCormick Tax Group, is based in downtown Chicago and increases Platform’s presence in the Midwest region. Madison Street Advisors is a mid-size national tax planning and preparation firm with a focus on audit mitigation strategies and reduction of audit profiles.

Technology

Accounting Today

JULY 28, 2025

The Interim Guidance Memorandum " Reinforcing the Customer Focused, High Efficiency Large Business & International Examination Process " highlights changes intended to streamline examination resources, facilitate timely issue resolution, reduce interest costs, expedite tax certainty and reduce deficiencies. All rights reserved.

Technology

ThomsonReuters

JULY 21, 2025

Jump to ↓ How OBBBA is impacting federal tax policy Strategic implications in a shifting political landscape What tax professionals should do now to manage the OBBA impact For tax professionals, the newly signed One Big Beautiful Bill Act (OBBBA) of 2025 has significant impacts for client tax planning and compliance.

Tax

Withum

JULY 11, 2025

The One Big Beautiful Bill Act (OBBBA) was signed into law by President Donald Trump on July 4, 2025, making several of Trump’s 2017 tax-related provisions permanent, while adding and expanding on those provisions as part of a sweeping tax cuts package that will prove to impact millions of taxpayers and businesses nationwide.

income tax

CPA Practice

JULY 30, 2025

This lower threshold for Form 1099-K was set to take effect for tax year 2023, but the IRS delayed its adoption. For tax year 2026, it will increase to $2,000. Form 1099-NEC is used to report nonemployee compensation, such as vendor/supplier payments to a consultant, contractor, or freelancer.

Technology

ThomsonReuters

JUNE 27, 2025

At the forefront is the “One Big Beautiful Bill Act,” a high-profile legislative package that could redefine payroll tax policy by permanently extending key provisions of the Tax Cuts and Jobs Act (TCJA) and introducing new exemptions for overtime pay and employee tips. Beyond Capitol Hill, the U.S.

payroll

CTP

JUNE 9, 2025

That’s the question on everyone’s mind: will Congress renew the expiring provisions from the Tax Cuts and Jobs Act (TCJA), or will they allow some or all of them to sunset in favor of other priorities? For one, you don’t have to go on this tax planning journey alone. Isn’t that unlikely to happen, you may ask?

tax planning

Accounting Today

JULY 15, 2025

Kent Nishimura/Bloomberg The massive tax and spending bill that President Trump signed into law on July 4 contains plenty of provisions that will benefit companies, unless theyre in the renewable energy industry. The taxes can add up for the larger universities. The taxes can add up for the larger universities.

Tax

Menzies

OCTOBER 30, 2024

No increase in taxes on ‘working people’ As promised, the Chancellor did not raise ‘taxes for working people’, i.e. income tax and employee’s National Insurance. Capital gains The increase in tax we all expected to see was lower than we predicted but it is increasing, and it is effective immediately.

Technology

Accounting Today

JULY 29, 2025

EDT 2 Min Read Facebook Twitter LinkedIn Email The well-oiled firm; refundable credits in states; taxing settlement money; and other highlights from our favorite tax bloggers. Read my tips The Wandering Tax Pro ( [link] ): How "No Tax on Tips" is misleading. All rights reserved.

tax preparation

Menzies

NOVEMBER 25, 2024

FAQs Business and Agricultural Property Relief Changes On 30 October, we saw perhaps the most hyped budget of a decade (or so) in terms of the significance of the changes made, particularly in the realm of Inheritance Tax (IHT). The tax saving amounted to a maximum of 40%. Previously these assets qualified for 100% relief.

Agriculture

CPA Practice

JULY 18, 2025

Momentum in a Shifting Economy Though 52% of respondents expect volatility to continue into 2026, the overall tone is one of momentum. OBannon Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. © 2025 Firmworks, LLC.

Technology

Accounting Today

JUNE 25, 2025

With the IRS workforce reduced by 26% and significant tax law changes on the horizon, there are risks to next years filing season," Collins said. "It All rights reserved. It is critical that the IRS begin to take steps now to prepare." More than 95% of processed returns were e-filed and some 62% resulted in refunds.

Technology

ThomsonReuters

DECEMBER 30, 2024

presidential election , the tax and accounting profession is bracing for the potential tax law changes that now lie ahead as President-elect Donald Trump returns to the White House. Meanwhile, the IRS has outlined several of its planned adjustments for 2025. From my perspective, the tax landscape is very uncertain.

Tax

Accounting Today

JULY 2, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email Preparing for OBBBA; your firm: the next generation; courage and foolishness; and other highlights from our favorite tax bloggers. Get yourself ready Institute on Taxation and Economic Policy ( [link] ): How much do the top 1% in each state get from the Senate tax bill? Virginia – U.S.

North Carolina

ThomsonReuters

JULY 18, 2025

It’s a complex sequel to the Tax Cuts and Jobs Act (TCJA) that permanently extends many of the provisions we’ve grown to love (or hate) while creating additional tax breaks for individuals and businesses. So, grab some popcorn (or perhaps a calculator) and help us recognize the provisions that will shape tax policy for years to come.

Tax