CPA Practice

JULY 24, 2025

OBannon Billtrust , a B2B accounts receivable workflow and payment software market leader, has added new innovations in its Collections solution, delivering a new standard for AR teams by unifying advanced automation, AI-driven insights, and seamless agentic AI workflows.

Technology

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. Talent Attn accounting employers: your talent woes are over!

Florida

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.​

Technology

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. © 2025 Firmworks, LLC.

Technology

CPA Practice

JUNE 18, 2025

Nearly Three-Quarters of Accounting Master’s Programs Report an Increase in Applications New data from the Graduate Management Admission Council (GMAC), an association of leading graduate business schools, shows strong growth in applications to Master of Accounting programs. Master of Finance programs reported increases.

Technology

CPA Practice

JULY 22, 2025

OBannon The AICPA and CIMA have launched its Business Resilience Toolkit to support finance professionals and business leaders in building resilience amid economic uncertainty and challenging conditions. Finance leaders are being called upon not just to manage risk, but to lead the strategic response.

Technology

inDinero Tax Tips

JANUARY 1, 2025

When youre building a tech startup, accounting probably doesnt feel very exciting. In this article, well explore the essentials of tech startup accounting, including best practices, common mistakes, and the accounting software we think will make your life easier. Whats Unique About Tech Startup Accounting?

accrual accounting

CPA Practice

JUNE 12, 2025

Closer to home, accounting firm leaders face hiring challenges, succession planning woes and the very real question: what role will humans play as AI and automation take over more of our work? Build relationships to build resilience AI won’t replace accountants. So let’s revisit that advice and update it for the here and now.

Technology

CPA Practice

JUNE 18, 2025

He also has more than 25 years of public accounting experience in the Columbus area. His executive leadership experience, coupled with his extensive experience in public accounting, further enhances Schneider Downs’ ability to provide highest-level consulting and guidance to its roster of clients.

Technology

Accounting Insight

OCTOBER 25, 2024

The three profits included in accounting textbooks: gross profit, operating profit and net profit are a good start for accountancy students. Limiting them to just three types of profit is intended to avoid overburdening young accountants at the beginning of their studies. Many companies no longer have net profit, but net income.

Non-Profits

ThomsonReuters

JUNE 18, 2025

In this article, we will discuss the current status of the SALT cap, its impact on state finances, and how you can keep up with potential changes that may affect your clients’ tax liability. Now, the cap restricts the total deduction to $10,000, irrespective of the actual taxes paid. Jump to ↓ What is the current SALT cap?

income tax

Withum

DECEMBER 18, 2024

Finance teams planning for their year-end financial statement audit have an even longer list of things to think about at the end of the year, including income statements, balance sheets, and, finally, the income tax provisions and disclosures that must be presented in the financial statements.

Tax

CPA Practice

JULY 8, 2025

Jason Bramwell Practice management software provider Ignition said Tuesday it has launched an enhanced integration with practice intelligence platform Karbon, bringing together solutions that help accounting firms streamline how they engage and onboard clients—and get paid.

Technology

Ronika Khanna CPA,CA

OCTOBER 18, 2024

Open a separate bank account for your business to keep personal and business finances distinct. This helps with tracking income and expenses and simplifies tax filing. Budget for Taxes One of the biggest changes when you become self employed is that taxes are not automatically deducted from your paycheque.

income tax

Withum

DECEMBER 4, 2024

An exception from the limitation on the business interest deductions is also provided for floor plan financing (i.e., financing for the acquisition of motor vehicles, boats, or farm machinery for sale or lease and secured by such inventory). Section 179 expensing, unlike bonus depreciation, can give rise to state income tax benefits.

Tax

ThomsonReuters

JULY 2, 2025

1 ) includes a provision to exclude overtime pay from federal income tax for non-exempt workers under the Fair Labor Standards Act (FLSA). Tools that help workers manage their finances can lead to better performance and retention. The House-passed “One Big Beautiful Bill” ( H.R.

audit

Accounting Insight

MAY 6, 2025

Exhibitors will be showcasing the best new products, tech, software, services and solutions in the world of accounting. New products TaxCalc (Stand 450) are launching their MTD Quarterly Filer, a new bridging tool for Making Tax Digital for Income Tax. Tax and Accounting Professionals.

Accounts Payable Automation

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. Patrick Hickman, CPA , joined the firm in 2023 following a decade in public accounting with other firms. He graduated with a B.S.B.A He graduated with a B.S.B.A

West Virginia

Shay CPA

JULY 16, 2025

Over the last 20 years of being an accountant, I’ve opened my fair share of mail to find tax notices so daunting they could wake you in cold sweat. These letters—from federal, state, or city agencies—might demand income tax, franchise tax, sales tax, unemployment insurance, or workers’ compensation.

Delaware

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

CPA Practice

JULY 7, 2025

Surett earned a bachelor’s degree in accounting from Siena College in Loudonville, NY, and an MBA in finance from the State University of New York at Albany. Leslie Jordan is a finance operations and practice management leader based in Kansas City, with a career at the firm spanning more than 35 years.

North Carolina

CPA Practice

JULY 9, 2025

OBannon BDO USA , one of the nation’s leading accounting and advisory firms, has announced that Matthew K. Becker , national managing principal of tax, has been ratified by a principal-wide vote to serve as the firm’s next Chief Executive Officer, effective July 1, 2026. debt on the economy. © 2025 Firmworks, LLC.

Technology

CPA Practice

JUNE 17, 2025

Following the recent acquisition of the business of Spicer Jeffries LLP , Cherry Bekaert is now ranked first among middle-market accounting firms. OBannon Cherry Bekaert has been included in Hedge Fund Alert’s 2025 list of Top Hedge Fund Auditors. This list ranks the top CPA firms by the number of SEC-registered hedge funds audited.

auditor

Xero

JUNE 3, 2025

From April 2026, small businesses, sole traders and landlords will need to change how they report income tax to HMRC. New legislation, known as Making Tax Digital for Income Tax (MTD for IT ), is set to be introduced, sparking a shift in financial reporting requirements.

Technology

CPA Practice

JUNE 18, 2025

Jason Bramwell The Chartered Institute of Management Accountants has elected John Graham, FCMA, CGMA, as its 92nd president, the group announced on June 18. In addition, he will also serve as 10th co-chair of the Association of International Certified Professional Accountants, the global alliance formed by the AICPA and CIMA in 2017.

Technology

CPA Practice

JUNE 25, 2025

OBannon Emburse, a maker of travel and expense solutions, has launched its new Sage Intacct Connector for Emburse Professional, an enhanced, out-of-the-box integration with Sage , a maker of accounting, financial, HR, and payroll technology for small and mid-sized businesses.

Technology

Accounting Today

JUNE 5, 2025

CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. For a decade, he did not file federal income tax returns nor pay taxes owed despite earning more than $7.7 All rights reserved. million during that time.

Tax

CapataCPA

JANUARY 13, 2025

Key deadlines affected include: 2024 Individual Income Tax Returns and Payments: Normally due April 15, 2025. 2024 Quarterly Estimated Income Tax Payments: Originally due January 15, April 15, June 16, and September 15, 2025. Quarterly Payroll and Excise Tax Returns: Originally due January 31, April 30, and July 31, 2025.

Tax

CPA Practice

JUNE 18, 2025

Jain will lead finance strategy across BILL, reporting to CEO and Founder, René Lacerte. 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. John Kmetz joins the Global Network Board as a new member.

Technology

Accounting Today

JULY 24, 2025

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. He underreported his taxable personal income, which resulted in his evading at least $1.9 million in income tax.

Tax

Withum

JUNE 24, 2025

The Senate Finance Committee released its markup of the One Big Beautiful Bill last Tuesday, June 17, 2025, with the expectation that the Senate will vote on the bill sometime this week. Current law applies this phase-out when taxable income exceeds $100,000 for married filing joint taxpayers ($50,000 for all others).

Tax

CPA Practice

JUNE 24, 2025

OBannon Forvis Mazars, LLP, ranked among the largest public accounting and consulting firms in the United States, today announced the launch of the United States Financial Services Regulatory Center (U.S. Financial Services Regulatory Center The new center showcases the firm’s U.S. Reg Center). The new center showcases the firm’s U.S.

Technology

CPA Practice

JULY 9, 2025

OBannon Platform Accounting Group has announced an Illinois-based firm has joined the group. Madison Street Advisors, formerly McCormick Tax Group, is based in downtown Chicago and increases Platform’s presence in the Midwest region. We know our clients intimately and understand their unique demands and needs.

Technology

TaxConnex

DECEMBER 17, 2024

Technology products/services can also be complex, especially if tech companies claim they provide professional services, a term states often limit to such fields as engineering, medical, law and accounting. If it was a sales tax expert, making somehow replacing them a priority for 2025. Have your records organized and clear.

Sales

Reckon

FEBRUARY 20, 2025

However, the new reporting scheme has left some NFPs uncertain of their status or tax obligations. Announced in 2021, the Australian government imposed the new self-reporting requirements to ensure that only eligible NFPs can access income tax exemption. This is a drastic change from how tax exemption was calculated for NFPs.

Non-Profits

CPA Practice

JULY 2, 2025

Jason Bramwell Fort Lauderdale, FL-based accounting firm Alpine Mar has expanded its client offerings to include assurance services after acquiring Elliot Melamed PA, a boutique CPA firm in Coral Springs, FL. Alpine Mar says one of its biggest advantages is that its partners all started their careers with the Big Four accounting firms.

Florida

Accounting Today

JUNE 6, 2025

Accounting practice management software provider Karbon announced its new Practice Intelligence product, an agentic AI-driven solution thats the next evolution of its Practice Management platform. All rights reserved. Karbon Practice Management evolves into Practice Intelligence product Karbon accepts Talent Visionary Award.

Technology