ThomsonReuters

APRIL 28, 2025

Jump to The power of AI in tax preparation How AI contributes to long-term sustainability in accounting Getting started with AI Are you ready to get AI in action for your tax and accounting firm? Imagine your accounting firm functioning like a well-oiled machine.

accounting firms 100

accounting firms Technology tax preparation Tax 100

CPA Practice

NOVEMBER 20, 2024

A new report from practice management software provider Ignition says rising business costs are driving fee increases at accounting firms, with 57% planning to raise fees across all services next year. 90% plan to increase fees for individual tax returns. 87% plan to increase fees for business tax returns. The 2024 U.S.

accounting firms 116

accounting firms accounted Account accountant 116

Accounting Today

JUNE 5, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Over the last several months, Ive been partnering with Intuit QuickBooks, Brittany Brown with Ledger Gurus and Utah Valley University professor David Waite to deliver a hands-on accounting curriculum that teaches students the skills they need to succeed in the accounting profession.

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accounted Account accountant Technology 88

Accounting Today

JULY 9, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Andrew Harrer/Bloomberg Tax year 2026 and filing season 2027 are the target date for retiring the Filing Information Returns Electronic, or FIRE, system. The IRS is encouraging tax preparers to complete their IRIS applications to begin transitioning for the 2027 season.

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ThomsonReuters

MARCH 3, 2025

In a profession known for its measured approach to change, agentic AI is emerging as a transformative force for accountants, redefining the nature of daily work and opening the door to more meaningful (and profitable) relationships with clients. But what is agentic AI, and how is it transforming the accounting profession?

Tax 93

Tax accounted Account accountant 93

CPA Practice

NOVEMBER 11, 2024

We track the top products in every category and discuss them in our weekly podcasts in The Accounting Technology Lab. For example, 1040 tax prep will likely soon be worth more than ever. Sifting through what is in the market and coming to market, it is clear that tax preparation will be more profitable than ever.

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accounting firms Technology accounted Account 111

Accounting Today

JUNE 13, 2025

Joshua Roberts/Bloomberg The Securities and Exchange Commission appointed Kurt Hohl, a former partner at Ernst & Young, as its new chief accountant, effective July 7. Acting chief accountant Ryan Wolfe will be returning to his role as chief accountant in the Division of Enforcement. All rights reserved. He received a B.B.S.

accounted 102

accounted Account accountant Technology 102

Accounting Today

JULY 9, 2025

Accountants are central to bridging this gap. Without active accountant involvement, organizations risk over-relying on passive technological defenses. Accountants who grasp these behavioral dynamics are better equipped to lead businesses through the emotional and operational challenges of building stronger defenses.

Technology 75

Technology accounted Account accountant 75

ThomsonReuters

JULY 23, 2025

Let’s take a look. The c hallenge: Time- c onsuming, m anual d ata e ntry Like many accounting firms, Madsen, O’Meara and Company was consumed with manual data entry and struggled to manage their workload during tax season given the high volume of work and limited staff.

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tax preparation cpa firm CPA Tax 52

MyIRSRelief

JUNE 13, 2025

Tax season is a time of opportunity—and vulnerability. Scammers exploit the complexity of tax laws to target unsuspecting individuals and businesses, promising quick refunds or miraculous IRS resolutions that often lead to financial loss or serious legal trouble. Red Flags of Tax Scams Knowledge is your best defense.

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Accounting Today

JUNE 12, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. The tax loss totaled $356,881.

Tax 85

Tax tax preparation Technology audit 85

Accounting Today

JUNE 10, 2025

The firm will be fully integrating agentic AI into RSMs assurance, tax and consulting services; empowering RSM talent with agentic AI tools to heighten productivity and professional growth; and expanding agentic AI-driven solutions to elevate the overall client experience. All rights reserved.

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Technology tax preparation audit corporation tax 106

Accounting Today

JUNE 26, 2025

The AI agents include: Accounting Agent: Automates bookkeeping and transaction categorization, and helps with reconciliation of the books. All rights reserved. The homepage displays a set of customizable widgets with a business feed showing insights, recommendations, and summaries of the workflows and tasks completed by the AI agents.

quickbooks 105

quickbooks Technology tax preparation corporation tax 105

MyIRSRelief

OCTOBER 11, 2024

Enrolled Agent: Comprehensive Tax Services for Individuals and Businesses When it comes to managing your taxes, finding a qualified and reliable tax professional is crucial. An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and is empowered by the U.S.

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tax services payroll tax Tax tax preparation 130

Accounting Today

JUNE 20, 2025

3 to file various federal individual and business returns and make tax payments. The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) 3 deadline for both states applies to individual income tax returns and payments normally due on April 15, 2025. All rights reserved. 15, 2025.

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Mississippi Texas Tax Technology 94

CPA Practice

JUNE 26, 2025

OBannon A new study from Thomson Reuters comes with a stark warning to the tax and accounting industry: firms without artificial intelligence strategies could fall irrevocably behind in the next 12 months as competing firms leverage the technology to transform faster, serve better, and hire smarter.​

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Technology Tax Tennessee payroll 94

ThomsonReuters

MAY 20, 2025

Jump to Streamlining tax engagement through effective communication Introducing SafeSend One: Your communication and client experience solution Changing the tax client experience with effective communication The tax preparation process is often full of problems, from finding documents to managing many systems.

tax preparation 52

tax preparation Technology Tax tax return 52

Accounting Today

JUNE 16, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Accountants are facing increasing demands for precision, speed and data protection. Accountants manage a high volume of sensitive information daily, covering everything from client tax details and payroll reports to audit documentation and financial disclosures. All rights reserved.

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Technology accounted Account accountant 64

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.

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Technology audit tax preparation accounting and finance 103

ThomsonReuters

JULY 11, 2025

Across the industry, tax firms are grappling with a critical challenge — proving the value of their AI investments beyond the initial excitement of automation. This blog aims to demystify ROI measurement and provide a clear roadmap for accounting firms ready to transform uncertainty into actionable insights.

Technology 76

Technology Tax tax preparation accounting firms 76

CPA Practice

DECEMBER 7, 2024

There will soon be a new professional tax preparation system available, with options for e-filing returns for forms 1040, 1041, 1120, 1120S and 1065s. These are the most common annual tax returns, representing individuals, estates, corporations, and partnerships.

tax preparation 109

tax preparation Tax tax return Technology 109

Xero

JULY 23, 2025

Getting your ecommerce accounting in order early can provide clearer cash flow visibility, enable more informed decisions, reduce errors, and ultimately help build a robust financial foundation on which you can grow. Why proactive accounting is crucial for ecommerce growth Imagine your online store is booming.

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accounted Account accountant accounting and finance 84

Going Concern

DECEMBER 5, 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 52

Real Estate accounted Account accountant 52

ThomsonReuters

DECEMBER 4, 2024

Filing business tax returns is no doubt an intricate process, but with the right workflow, accounting firms can streamline the process, reduce errors, and ensure compliance. Prepare and review the tax return 4. Documents correspond to how the LLC is taxed (as a sole proprietorship, partnership, or corporation).

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tax return business tax accounting firms Tax 52

Accounting Today

JUNE 23, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email The Institute of Management Accountants is expanding its competency framework for accounting and financial professionals. The IMA is explaining the details at its conference in Scottsdale, Arizona this week, as well as an American Accounting Association conference in August.

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accounted Account accountant Technology 59

Going Concern

NOVEMBER 8, 2024

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.

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Florida Mississippi audit auditor 98

Accounting Today

JUNE 23, 2025

With accounting talent in short supply, many firms are paying a premium for external hires instead of promoting their internal talent. My firms compensation data, collected in 2024 and 2025, shows that accounting firms paid 7% more to bring in outside senior analysts in tax and audit than they paid internal staff in the same positions.

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inDinero Tax Tips

DECEMBER 4, 2024

Simplifying tax preparation and compliance. Step 1: Gather Your Tools and Decide on a System Depending on your circumstances, you may start with anything from a simple spreadsheet to DIY payroll software or indinero outsourced accounting services. Examples include rent, property tax, and insurance.

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ThomsonReuters

NOVEMBER 26, 2024

If there is one thing accountants and tax preparers know for sure, it’s that an efficient tax workflow is key to remaining competitive in an increasingly digital tax and accounting landscape. To achieve this, many forward-looking accountants and tax preparers are shifting toward a fully digital tax workflow.

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Technology accounting firms Tax tax return 52

Accounting Today

JULY 9, 2025

In 2021, it acquired Long Cook & Samsa in Wooster, Ohio, and in 2015 it acquired LBC International Investigative Accounting in Canada, London and Paris. Madison Street Advisors offers tax planning and preparation, focusing on audit mitigation strategies and reduction of audit profiles. All rights reserved.

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accounted Account accountant Utah 59

Nancy McClelland, LLC

NOVEMBER 27, 2024

I’m still a little confused as to how it became a thing for accounting and bookkeeping services to advertise Black Friday or Cyber Monday specials… does that feel weird to anyone else? link] Kellie Parks’ Workflow Watering Hole is offering 33% off everything in the Cloud Accounting Templates Store. Use code BLACKCYBER24.

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Accounting Today

JULY 24, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email The not-so-great outdoors; spear itself; pain and gain; and other highlights of recent tax cases. Sole owner of Zion Outfitter, an outdoor retailer in Springdale, Utah, he handled the company finances and provided CPAs with information and records to prepare tax forms to submit to the IRS.

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Tax tax preparation Real Estate tax return 59

Accounting Today

JUNE 9, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Tax management platform Instead launched artificial intelligence-driven tax reports, harnessing AI to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved.

Tax 52

Tax Technology tax return tax preparation 52

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. million in taxes on income he earned from his business.

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Tax tax preparation Technology Real Estate 69

Accounting Today

JUNE 6, 2025

XcelLabs provides solutions to help accountants use artificial technology fluently and strategically. Accountants know they need to be more advisory, but not everyone can figure out how to do it," Tolin said in a statement. All rights reserved. These offerings are currently in beta testing.

Technology 52

Technology accounted Account accountant 52

Insightful Accountant

JUNE 9, 2025

Education Credits: Timing Is Everything The American Opportunity Tax Credit offers up to $2,500 per student for the first four years of undergraduate education, with 40% being refundable. Parents in higher tax brackets typically benefit more from claiming this credit than their newly graduated children.

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tax planning general ledger Tax Education 52

Accounting Today

JUNE 16, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email Business owners who employ their children in a reasonable but limited capacity at their firms can rake in tax savings and start their kids first retirement accounts in the process. All rights reserved.

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