Trending Articles

article thumbnail

Thomson Reuters launches agentic AI for tax advisory, 1040 processing

Accounting Today

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

article thumbnail

Hidden in Plain Sight: How One Phrase in the New Tax Law Reshapes Partnership Tax Planning

Withum

Buried deep in the legislative sprawl of the One Big Beautiful Bill Act (OBBBA) is a change so subtle that most eyes would glide right over it. Section 70602 alters just a few words of existing law, replacing “under regulations prescribed by the Secretary” with “except as otherwise provided.” To most, this change is immaterial; to partnership tax practitioners, it’s anything but.

52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2025 Tax Reform Highlights – What you need to know about the “One Big Beautiful Bill Act”

CapataCPA

2025 Tax Reform Highlights – What you need to know about the ” One Big Beautiful Bill Act” On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law, bringing sweeping changes to the U.S. tax code. The Act extends and enhances several key provisions from the 2017 Tax Cuts and Jobs Act (TCJA), revises energy-related incentives introduced in the Inflation Reduction Act (IRA), and introduces entirely new tax measures across multiple industries.

Tax 52
article thumbnail

Meet Your New Coworkers: The (Not-so-Secret) AI Agents in QuickBooks Online (But Keep Your Green Eyeshade Handy)

SchoolofBookkeeping

If you’ve logged into QuickBooks Online lately and felt like the platform suddenly got a whole lot smarter, you’re not imagining things. Intuit has rolled out AI Agents—digital teammates designed to help you get more done, faster, and with fewer headaches. But before you hand over the keys to your books, let’s take a look at what these agents actually do, where you’ll find them, and why you still need to keep your accountant’s “trust but verify” mi

article thumbnail

AI In Accounting: A Practical Roadmap For Smarter AP

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

article thumbnail

From uncertainty to insight: Measuring the ROI of AI for tax

ThomsonReuters

Jump to ↓ The promise of AI: More than just automation Building the ROI framework: What to measure and why Making ROI a habit in your firm From investment to insight Your firm just invested in cutting-edge AI tools. Three months later, partners are asking the inevitable question: “How do we know if this is actually working?” Sound familiar?

article thumbnail

The accountant's advantage over technology in fraud prevention

Accounting Today

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

More Trending

article thumbnail

July 23 Webcast: What CPA Firms Are Really Struggling with in 2025: Insights from the Field

CPA Practice

CPA firms across the country know they need to modernize, but what are the real blockers standing in the way? In this CPE-eligible panel, we’ll unpack firsthand insights from the field.

cpa firm 121
article thumbnail

The five AI teammates every accountant should get to know

Mark Lee

The biggest risk of AI in accounting is the risk of being left behind. One way to avoid this is to better understand the range of technology that incorporates AI; and the different ways in which this may challenge or support accountants in the future. Essentially, AI is an umbrella term. And I recommend being clear as to the 5 distinct types of AI that are impacting the finance and accounting world.

Account 52
article thumbnail

One Big Beautiful Bill Act: Estate and Trust Planning 

Withum

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. Here is an analysis of how the bill affects the estate planning of high-net-worth clients and planning strategies to consider.

article thumbnail

Tax strategies to maximize short-term rental profits

Accounting Today

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

article thumbnail

Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

article thumbnail

Researchers Determine That Big 4 Audit Partners Not Named Michael or Jennifer Are More Likely to Bend the Rules

Going Concern

Here at Going Concern we love academic research, even the kind that makes your eyes start watering with its tedious and unforgiving nerdiness. Today we’ve found one for you that’s a bit less dorky and more interesting, or so we hope. And I’m not just saying that because it’s about people with uncommon first names of which I am one (trust I’ll find a way to make this about me at some point in this article regardless).

audit 99
article thumbnail

Overview of the New Tax Laws in the OBBBA – The Accounting Technology Lab Podcast – July 2025

CPA Practice

In this special podcast, Brian Tankersley, CPA, and Randy Johnston welcome Wolters Kluwer tax law expert Mark Luscombe, CPA, to discuss the key changes to tax law with the passage of the One Big Beautiful Bill Act.

Tax 45
article thumbnail

The indirect tax professional’s field guide to Brazil tax reform preparation

ThomsonReuters

Amid global politics and uncertain economic futures, the Brazilian government set out last January on an ambitious journey to overhaul its indirect tax regime. For tax professionals, this presents a unique opportunity to lead your organizations through a transformative process. With the sanctioning of Complementary Law No. 214/2025, Brazil is poised to revolutionize its tax landscape.

Tax 52
article thumbnail

Pension and OPEB Year-End Checklist: What to Gather, Calculate, and Report

LSLCPAs

Preparing your pension & OPEB journal entries doesn’t have to be a scramble. With the right documentation, a strong process, and a clear understanding of key timelines, you can take the stress out of year-end and set yourself up for a smoother audit. Whether you’re navigating CalPERS, OCERS, SBCERA, or an OPEB trust, this guide. The post Pension and OPEB Year-End Checklist: What to Gather, Calculate, and Report appeared first on LSL CPAs.

cpas 78
article thumbnail

Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

article thumbnail

Professionals on the Move – July 2025

CPA Practice

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk

article thumbnail

Case study: Touchlight Genetics Limited

Menzies

Menzies LLP - A leading chartered accountancy firm. Client profile Touchlight are a DNA development and manufacturing company that has developed an innovative, synthetic DNA vector and enzymatic manufacturing process, which enables them to produce DNA at unprecedented speed, scale and purity. Using their patented enzymatic DNA production platform, they can support their partners that are advancing genetic medicine.

article thumbnail

Supercharge your success: Plaid joins forces with Xero for enhanced US bank feeds

Xero

We’re always focused on making your financial management simpler, more secure, and more powerful with Xero. So we’re excited to share news of our collaboration in the US with Plaid , a leading fintech company. This effort significantly improves how your business bank accounts connect with Xero. Our goal is to help you save valuable time and gain a clearer view of your money.

article thumbnail

Tech news: Audit Sight releases Management Meeting Module

Accounting Today

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

article thumbnail

Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

article thumbnail

Automated tax provision: Close faster with less stress

ThomsonReuters

Highlights: Manual tax provision processes can be time-consuming and prone to error, especially for organizations operating in multiple jurisdictions. Modern tax provision software automates complex calculations, improving accuracy and saving valuable time for finance teams. Integration with existing financial systems helps streamline data flow and reduces the risk of manual data entry mistakes.

article thumbnail

Expensify Expands Global Support for Company Cards, Languages, Billing, and Reimbursements

CPA Practice

The launch includes support for corporate card import from 10,000+ more banks worldwide, multilingual capabilities, Euro-based billing, international reimbursements in New Expensify, and beta access to the Expensify Card.

article thumbnail

International Payroll: Inpats, Expats & how they affect your payroll

Menzies

Menzies LLP - A leading chartered accountancy firm. Since Covid 19, the workplace has undergone a dramatic transformation with the success of hybrid and home working, and the workplace becoming more global than ever. This change means that many employers are now seeking new hires or secondees from international sources. However, this change brings new challenges, especially around UK tax and social insurance compliance and regulations.

payroll 52
article thumbnail

Changes Affecting Not-for-Profit and Other Tax-Exempt Organizations in New Tax Law

Withum

President Trump has now signed The Big Beautiful Bill into law. The House passed the Senate’s version of the bill just shy of the president’s July 4 deadline. The broad provisions in the bill impact many areas of taxation, including tax-exempt organizations. The final version abandons many earlier proposals that alarmed nonprofits, while several key tax changes have been finalized.

Tax 64
article thumbnail

Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

article thumbnail

Rethink expense report workflows for company credit cards

Accounting Today

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

article thumbnail

Key Provisions of the One Big Beautiful Bill Act

Dent Moses

The One Big Beautiful Bill Act (formally termed “The Act”), signed into law on Friday, July 4, by President Donald Trump, extends key provisions of the Tax Cuts and Jobs Act (TCJA) and addresses several tax priorities of the Trump administration. The bill cleared the House on Thursday, July 3, by a narrow 218–214 margin, and passed the Senate earlier that week on Tuesday, July 1, by a 51–50 vote, with Vice President JD Vance breaking the tie.

article thumbnail

E-Signature Platform SignWell Now Integrates with QuickBooks Online

CPA Practice

The integration enables accounting and finance professionals and companies to get estimates and invoices signed faster, eliminate paperwork bottlenecks, and reduce approval delays.

article thumbnail

Tax Changes Impacting Offshore Trusts Created by Non-UK Domiciliaries

Menzies

Menzies LLP - A leading chartered accountancy firm. The October 2024 Budget brought with it sweeping reforms to the taxation of non-UK domiciled individuals and their associated offshore trust structures. Effective from 6 April 2025, these changes represent a substantial departure from the previous regime and significantly alter the UK tax landscape for affected families and trustees.

Tax 52
article thumbnail

Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

article thumbnail

Opportunity Zones Reimagined: A Bold New Chapter in the Final One Big Beautiful Bill (“OBBB”)

Withum

In a sweeping reimagining of the Opportunity Zone (“OZ”) program, congressional leaders have not merely adjusted the framework—they’ve overhauled it. The final “One Big Beautiful Bill” sunsets the original OZ program and launches a bold new chapter (“OZ 2.0”) rooted in targeted investment, equity, and community transformation. The original OZ program will sunset, with all eligible gains still required to be recognized by December 31, 2026.

article thumbnail

Deloitte Tax acquisition boosts fiduciary trust services

Accounting Today

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

Tax 64
article thumbnail

Essential KPIs Every Tax Firm Should Track for Sustainable Growth

Insightful Accountant

Growing a successful tax practice requires more than just completing returns and collecting fees. Smart firm owners understand that consistent measurement of key performance indicators reveals opportunities for improvement.

Tax 59
article thumbnail

77% of Gen Z Employees Feel Lonely at Work, New Study Finds

CPA Practice

Gen Z employees, many of whom started their careers in remote roles during or after the COVID-19 pandemic, report feeling both physically isolated and emotionally distant from their teams.

payroll 108
article thumbnail

How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.