ThomsonReuters

JULY 16, 2025

There is no doubt that advances in technology and increasing client expectations are rapidly transforming the accounting profession. The 2025 State of the Tax Professionals Report highlights a clear trend: today’s clients expect more than compliance—they want actionable advice that helps them make smarter financial decisions.

accounting firms

Accounting Today

JULY 23, 2025

Paradoxically, vulnerability had given him back control — but it also opened up a whole set of questions about his professional career, including his role as managing partner of Tri-Merit Specialty Tax Services (a tax advisory firm that also hosts Bridging the Gap). "I All rights reserved. he asked.

Technology

Going Concern

JUNE 5, 2025

Struggling to Find Remote Accounting Talent? If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you’re not alone—and you’re not out of options. We’ve Got You Covered.

Real Estate

Going Concern

OCTOBER 24, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate

CPA Practice

JULY 15, 2025

The tax practice of Big Four firm Deloitte said July 14 it has acquired certain assets of Trust Processing Solutions, a Cincinnati, OH-based boutique firm that specializes in fiduciary tax compliance.

tax services

Accounting Today

JULY 18, 2025

Bloomberg announces new features for AI Assistant Bloomberg Tax and Accounting announced a bevy of new features for its AI Assistant. Users can accept contactless cards and digital wallets; and automatically reconcile payments in Sage Accounting. All rights reserved.

Technology

ThomsonReuters

JUNE 24, 2025

Tension point 1: The vendor transparency gap The most striking disconnect in our research reveals a fundamental communication breakdown between corporate tax departments and their external service providers. 77% of business tax departments want their tax service providers to use GenAI.

corporation tax

Accounting Today

JULY 28, 2025

Prosperity Partner CEO Jeremy Dubow Jesse Sutton "Its always the people challenge in accounting right now," shared Jeremy Dubow, CEO of Chicago-based Prosperity Partners, the No. Our profession needs a 4% increase in accountants to be sustainable, yet were experiencing a greater than 1% decline since 2019," he explained.

Technology

Going Concern

JANUARY 3, 2025

Psst, take our 2025 Predictions for the Accounting Profession survey. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

auditor

Withum

JULY 4, 2025

Therefore, PTET deductions for both Specified Service Trades or Businesses (SSTBs), such as accounting and law firms, as well as all trades or businesses that utilize the 199A deduction, are allowed to be deducted for federal income tax purposes.

income tax

Summit CPA

OCTOBER 10, 2024

This could include: corporate fraud failing to file taxes money laundering employment tax fraud cybercrimes and scams identity theft filing false returns concealing sources of income false claims false deductions misreporting financials (misreporting income, refunds , etc.) account fraud What is Negligence?

auditor

ThomsonReuters

JUNE 24, 2025

Tension point 1: The vendor transparency gap The most striking disconnect in our research reveals a fundamental communication breakdown between corporate tax departments and their external service providers. 77% of business tax departments want their tax service providers to use GenAI.

corporation tax

CPA Practice

NOVEMBER 15, 2024

received the Jonathan Horn Distinguished Service Award. These recipients have stood apart from their peers throughout their careers and this past year contributed valuable expertise to strengthen the accounting profession. He has also authored several Tax Adviser and Journal of Accountancy articles. “It The Arthur J.

Tax

Accounting Today

JUNE 19, 2025

Tax IRS Tax regulations Corporate taxes MORE FROM ACCOUNTING TODAY Tax IRS spruces up Pre-Filing Agreement program New guidance, step-by-step instructions and useful statistics are now available for large business filers. All rights reserved.

corporation tax

inDinero Accounting

OCTOBER 17, 2024

Professional Services Fees Running a business often requires expertise beyond your own. This includes: Legal fees Accounting and bookkeeping services Tax preparation costs Financial planning advice Remember, these deductions apply to fees paid for business purposes. Tax laws are complex and constantly evolving.

business tax

CPA Practice

JUNE 30, 2025

From tax prep to asset management, invoicing and portals, and auditing to remote CFO functions, the services the accounting and tax pros provide are dependent on the technologies they use. The awards highlight the most useful technology for firms and clients.

Technology

CPA Practice

DECEMBER 4, 2024

Top 25 accounting firm Cherry Bekaert has acquired DeBlanc, Murphy & Murphy, a Waldorf, MD-based CPA firm specializing in accounting, tax, and advisory services. market and expand its services offerings, the Raleigh, NC-based firm said in a media release on Dec. Financial terms of the deal weren’t disclosed.

Maryland

CPA Practice

OCTOBER 17, 2024

Top 20 accounting firm Citrin Cooperman is expanding its presence in Connecticut and New England by acquiring Teplitzky & Co., a Woodbridge, CT-based accounting, consulting, and tax firm specializing in the healthcare industry, effective next month. Financial terms of the deal weren’t disclosed. Teplitzky & Co.

Connecticut

Withum

DECEMBER 18, 2024

Withums Year-End Tax Planning Resource Center offers tips, legislative updates, and tax-saving opportunities for individuals and businesses. Start Planning Our Income Tax Accounting Expertise Preparing U.S. Start Planning Our Income Tax Accounting Expertise Preparing U.S.

Tax

inDinero Tax Tips

OCTOBER 22, 2024

You can also elect to be taxed as an S-corp or C-corp. Talk to a business tax services specialist before making this decision, but in short, S-corps can be advantageous because their structure can minimize self-employment taxes while C-corps can attract investment by allowing you to sell stock.

Nevada

Going Concern

JULY 21, 2025

The big four accounting firms – Deloitte, EY, PricewaterhouseCoopers and KPMG – posted 44% fewer jobs for graduates this year compared with 2023. In China, a 41-year-old woman who treated her company’s funds like a personal bank account went undetected by the accounting firm hired by her employer.

Account

ThomsonReuters

JULY 23, 2025

An AI assistant has emerged as a game-changer for accounting firms, offering relief from time-consuming, repetitive tasks and unlocking the door to more profitable and engaging client advisory services. The good news?

Tax

Withum

MAY 5, 2025

Incentive alignment: Partnerships use profits interests to align service providers goals with the partnerships long-term growth. However, meticulous accounting and legal documentation are vital for correctly allocating income and losses among partners.

Real Estate

Going Concern

OCTOBER 31, 2024

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate

Withum

JULY 2, 2025

The Shleifers claimed the depreciation deduction on Schedule C dealing with profit and loss from a business of the amended tax return, stating the “business” of operating the jet incurred a loss. Importantly, though, neither the Shleifers nor their accountant submitted anything to the IRS agent on this point in writing.

Tax

CPA Practice

DECEMBER 4, 2024

Top 20 accounting firm Citrin Cooperman has made another acquisition—its ninth in 2024—this time picking up Andsager, Bartlett & Pieroni (ABP), a Providence, RI-based boutique tax firm specializing in high-end tax services for businesses and individuals. Financial terms of the deal weren’t disclosed.

Rhode Island

Accounting Today

JUNE 20, 2025

Taxfyle rolls out TXF Intelligence for smaller practitioners Tax solutions provider Taxfyle announced the release of its new TXF Intelligence product, a generative AI tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S. All rights reserved.

Technology

CPA Practice

DECEMBER 3, 2024

“The FBI and our law enforcement partners will continue to identify and hold accountable anyone who defrauds taxpayers.”

tax preparation

Accounting Today

JUNE 19, 2025

In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect. In response, Whitman formed a trust with his girlfriend as the trustee then directed his income from the business into the trusts bank accounts and used the money to pay personal expenses. All rights reserved.

Tax

Menzies

JULY 14, 2025

Menzies LLP - A leading chartered accountancy firm. Menzies were approached by Touchlight to support the company with a broad range of accounting and tax services. This included advising on technical accounting matters and assisting with audit queries.

corporation tax

CPA Practice

JUNE 18, 2025

Rohini has a Masters of Finance from the London School of Economics, and a Chartered Accountant certification from the Institute of Chartered Accountants of India. Randall is the national practice leader for the firm’s International Tax Service line and has more than 25 years of experience in public accounting.

Technology

Accounting Today

JULY 14, 2025

Offerings will include fiduciary tax services, along with charitable, individual, gift, estate and information reporting tax services. 1 on Accounting Today s 2025 list of the Top 100 Firms and No. 3 among the Top Tax Firms, with $5.287 billion in revenue from tax out of over $33 billion in total revenue.

Tax

Going Concern

APRIL 24, 2025

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Accountingfly can assist you!

Real Estate

Withum

JUNE 24, 2025

The 199A deduction is eventually phased out for specified service trades or businesses (SSTBs) when an owner’s taxable income exceeds a certain threshold amount. Contact Us For more information on this topic, reach out to Withum’s Business Tax Services Team today.

Tax

Withum

DECEMBER 4, 2024

Expansion of small businesses that are able to use the cash (as opposed to accrual) method of tax accounting. De Minimis Safe Harbor Election Also known as the book-tax conformity election, this election is an administrative convenience that allows businesses to deduct small-dollar (i.e., C corporation pays to add $0.94

Tax

Accounting Today

JULY 25, 2025

Steve Cogan (00:09): Well, REW, we have about 40% of our firm is advisory services, and we have about 10 different unique advisory services businesses within the firm, and theyre all entrepreneurial and kind of independent departments that just do a great job serving our clients. All rights reserved. Like what you see?

Oklahoma

Accounting Today

JULY 17, 2025

Bourgeois Accounting Today and Best Companies Group have announced the members of the 2025 Best Accounting Firms to Work For list. The annual survey and awards program is designed to identify, recognize and honor the best employers in the accounting profession. All rights reserved. Seidel Schroeder Sisterson & Co.

Account