Accounting Today

JUNE 11, 2025

The shift signifies growing apprehension across Main Street accounting firms serving as advisors on tax, payroll and compliance decisions amid a backdrop of historic tariff actions, continued inflation and unpredictable tax and trade policies. By Michael Cohn 2h ago Accounting Optimism declines among accountants U.S.

Technology 107

Technology accountant Account accounted 107

Accounting Today

JUNE 23, 2025

The Governmental Accounting Standards Board is juggling a variety of projects to improve accounting for state and local governments as they come under pressure from the threat of reduced funding from the federal government. Governmental Accounting Standards Board chairman Joel M. All rights reserved.

accounting standards 101

accounting standards Government Technology audit 101

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 103

Technology audit tax preparation accounting and finance 103

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 75

Technology accountant Account accounted 75

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.

Technology 116

Technology accounting standards tax preparation audit 116

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 5, 2025

Dan Luthi Partner, Ignite Spot Accounting Services For reprint and licensing requests for this article, click here. By Chris Gaetano June 5 Tax By the numbers: IRS and PwC layoffs, accounting students and more The latest data on layoffs and growth in masters degree programs in accounting. All rights reserved.

accountant 88

accountant Account accounted Technology 88

Accounting Today

JUNE 23, 2025

EDT 3 Min Read Facebook Twitter LinkedIn Email The International Accounting Standards Board released a revised practice statement on management commentary to achieve better global alignment, while its parent, the IFRS Foundation, released guidance on an entitys climate-related transition disclosures. All rights reserved.

accounting standards 59

accounting standards Technology international accounting standards tax preparation 59

Accounting Today

JUNE 13, 2025

By Danielle Lee 1h ago Technology Tech news: TaxPlanIQ adds new features Plus, Ignition announces plans for AI pricing solution; Financial Cents introduces advanced reporting features; and other accounting tech news. All rights reserved. By Michael Cohn June 12 Like what you see?

accountant 102

accountant Account accounted Technology 102

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.

Tax 92

Tax Technology audit tax preparation 92

Accounting Today

JUNE 16, 2025

Accountants manage a high volume of sensitive information daily, covering everything from client tax details and payroll reports to audit documentation and financial disclosures. Without the right systems in place, even routine tasks like expense approvals or tax submissions can become time-consuming and error-prone.

Technology 64

Technology accountant Account accounted 64

Accounting Today

JUNE 16, 2025

Audit PCAOB Audit preparation MORE FROM ACCOUNTING TODAY Tax One Big Beautiful Bill full of impactful tax provisions The bill, whose revised text was just released by the Senate, includes a number of significant tax provisions for both corporate taxpayers and nonprofits. All rights reserved.

audit 59

audit Technology tax preparation corporation tax 59

Accounting Today

JUNE 13, 2025

TaxPlanIQ adds new features Pavel Bolotov/pashabo - stock.adobe.com Tax planning solutions provider TaxPlanIQ rolled out several new features. Instead launches tax reports feature Valery Kachaev Tax management platform Instead launched an AI-driven tax reports feature. All rights reserved.

Technology 82

Technology tax planning audit tax preparation 82

Shay CPA

MAY 21, 2025

Bookkeepers must carefully document and classify these costs to ensure compliance with accounting standards. International Operations and Tax Compliance Many SaaS companies operate globally, introducing additional complexities in bookkeeping and tax compliance. Tax Compliance: Avalara or TaxJar.

bookkeeping 52

bookkeeping CPA Technology NetSuite 52

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.

Tax 59

Tax tax preparation Real Estate tax return 59

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. This is on top of the tax content it already draws upon, such as Bloomberg Tax Portfolios. This is on top of the tax content it already draws upon, such as Bloomberg Tax Portfolios.

Technology 64

Technology sage accounting accounting and finance audit 64

Accounting Today

JUNE 16, 2025

Tax professionals gear up for a mad dash, auditors dive into quarter-end chaos, while leadership scrambles to balance capacity with unpredictable workloads. But the once-effective model of heavy lifting during tax season followed by a revenue drought isnt just outdated — its increasingly unsustainable. All rights reserved.

Technology 64

Technology audit accounting firms tax preparation 64

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.

Tax 69

Tax tax preparation Technology Real Estate 69

Accounting Today

JUNE 13, 2025

By Danielle Lee 10h ago Technology Tech news: TaxPlanIQ adds new features Plus, Ignition announces plans for AI pricing solution; Financial Cents introduces advanced reporting features; and other accounting tech news. All rights reserved. By Jeff Stimpson June 12 Like what you see?

Technology 69

Technology tax preparation corporation tax audit 69

Accounting Today

JULY 25, 2025

SmartVault plans release of AI document management solution Document management Sutthiphong - stock.adobe.com Document management solutions provider SmartVault announced the upcoming release of SmartRequestAI, a new tool designed to transform the way firms collect client information and documents during tax season. All rights reserved.

Technology 64

Technology accounting and finance audit tax preparation 64

Accounting Today

JUNE 23, 2025

Accounting IMA Training MORE FROM ACCOUNTING TODAY Accounting GASB gives guidance on pronouncements The Governmental Accounting Standards Board issued questions and answers to help explain certain pronouncements to stakeholders. All rights reserved. 3h ago Like what you see?

accountant 59

accountant Account accounted Technology 59

Acterys

OCTOBER 20, 2024

It focuses on presenting financial data clearly and in accordance with accounting standards. While financial reporting involves a detailed understanding of accounting standards, software, and tools, FP&A demands strong analytical skills, financial modeling, forecasting capabilities, and a deep understanding of industry dynamics.

financial statements 130

financial statements accounting and finance Sales accounting standards 130

Accounting Today

JUNE 9, 2025

Gary Boomer June 9, 2025 10:00 AM Facebook Twitter LinkedIn Email As CPA firms grow into the $10 million to $100 million revenue range, operational complexity increases, especially during peak periods like tax season. Identify opportunities Assess pain points in tax, audit, scheduling, and advisory workflows. All rights reserved.

Technology 59

Technology cpa firm audit tax preparation 59

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 82

E-commerce Technology tax preparation Illinois 82

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 59

Technology Tax Alaska Construction 59

Withum

MARCH 17, 2025

For importers of raw materials or finished goods, Accounting Standards Codification (ASC) 330: Inventory requires that all costs necessary to bring a product to its saleable state should be classified as inventory. Are Tariffs Considered Inventoriable Costs? Advance Pricing Agreements or APA). Our tariff experts are happy to help.

financial statements 95

financial statements Manufacturing Non-Profits Tax 95

Accounting Today

JULY 21, 2025

All rights reserved. aims for operational excellence July 21, 2025 10:01 AM 2:36 Facebook Twitter LinkedIn Email Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors.

Technology 52

Technology tax preparation corporation tax accounting standards 52

Accounting Today

JUNE 19, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Bloomberg via Getty Images Looking for "greater tax certainty" for large business and international taxpayers, the Internal Revenue Service has improved its Pre-Filing Agreement program. All rights reserved.

corporation tax 59

corporation tax Technology tax preparation audit 59

Accounting Today

JULY 16, 2025

Practice management Private equity Business development MORE FROM ACCOUNTING TODAY Audit IIA updates competency framework for internal auditors The Institute of Internal Auditors presented its updated competency framework for internal auditors during its international conference this week in Toronto. All rights reserved.

Technology 69

Technology audit tax preparation auditor 69

Accounting Today

JUNE 6, 2025

By Chris Gaetano 9h ago Accounting Employers add 139K jobs, with 3,100 in accounting The overall unemployment rate remained unchanged at 4.2%. By Michael Cohn 10h ago Tax-related court cases Tax Fraud Blotter: Prep perps Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases.

Technology 52

Technology accountant Account accounted 52

Accounting Today

JUNE 5, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases. 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. .:

Tax 59

Tax tax preparation North Carolina tax return 59

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.

accountant 59

accountant Account accounted Utah 59

Accounting Today

JUNE 9, 2025

Audit Audit preparation Client retention MORE FROM ACCOUNTING TODAY Accounting Koziel: There's more upside than downside for accountants The profession faces plenty of issues — but many come with strong opportunities, says the AICPA chief. All rights reserved.

auditor 59

auditor audit Technology tax preparation 59

Accounting Today

JUNE 11, 2025

Practice management Private equity Succession planning MORE FROM ACCOUNTING TODAY Audit SEC plans ahead for PCAOB takeover The Securities and Exchange Commission is making plans in case it inherits the Public Company Accounting Oversight Boards duties if the tax bill passes. All rights reserved.

Technology 105

Technology South Carolina tax preparation audit 105

ThomsonReuters

NOVEMBER 25, 2024

← Blog home As a new presidential administration takes shape, the potential for substantial shifts in tax laws and other financial regulations is top of mind for auditors. Disclosure requirements for tax rate changes 4. Consider a tax specialist to help manage complexity 5. Deferred tax assets and liabilities.

auditor 52

auditor Tax audit tax planning 52

Accounting Today

JULY 18, 2025

Audit Accounting education Accounting students Deloitte MORE FROM ACCOUNTING TODAY Tax IRS enforcement efforts hit by cutbacks The IRSs progress in improving tax compliance in recent years has been threatened by cuts in funding and hiring, according to a new report. All rights reserved.

audit 75

audit Technology accounting and finance Education 75

ThomsonReuters

OCTOBER 18, 2024

Common examples include financial statements, tax returns, environmental data, employee information, and corporate governance reports. Different countries and regions have their own set of laws, regulations, and accounting standards that govern the reporting process.

Non-Profits 52

Non-Profits financial statements Legal tax return 52