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Citing Rising Costs, Accounting Firms Plan to Increase Fees in 2025

Going Concern

Ignition has released its 2024 US Accounting and Tax Pricing Benchmark report and it reveals that the 325 Ignition customers surveyed are going all-in on fee increases in 2025. 57% of accounting firms plan to increase fees across all services in 2025. We know Big 4 and mid-tiers have this pricing thing down. Or at least half-in.

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IMA Expands Its Management Accounting Competency Framework

CPA Practice

The IMA Management Accounting Competency Framework outlines the skills required by the most common accounting and finance roles , such as CFO, controller, treasurer, financial analyst, director of cost accounting, senior accountants, and staff accountant. Customers U.S. © 2025 Firmworks, LLC.

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A Trump Tariff News and Information Roundup Without the Social Media Hot Takes

Going Concern

Tax implications: The tariffs introduced challenges for businesses in managing their tax liabilities. Understanding the classification of goods subject to tariffs, potential exemptions, and documentation requirements became crucial for accurate tax compliance.

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Friday Footnotes: Modernizing CPA Requirements in Pennsylvania; Master’s Degrees Are Hot Again; Don’t Dog the PCAOB | 5.9.25

Going Concern

Accountants Behaving Badly N.J. accountant filed 177 false tax returns on behalf of clients, feds say [ NJ.com ] A Bergen County woman was sentenced to three years in prison and must pay back over $1 million after admitting to filing 177 false tax returns on behalf of clients, officials with the U.S.

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Cannabusiness Tax Liabilities and How to Navigate Filing

CPA Practice

Thinking that only dispensaries have to worry about taxes to their cannabusiness? Entrepreneurs, processors, and cultivators in the cannabis industry may be subject to taxation, and it’s important for them to understand the complexities around their tax implications. Do they have to pay tax on all gross revenue? Think again.

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The Difference between Bookkeeping and Accounting

SMBAccountant

- “What is my estimated tax payment? There are different types of accountants which specialize in different areas. Forensic accountants research financial transactions to uncover fraud. Managerial accountants work to collect and compile data used to make management decisions. to review performance and profitability.

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R&D Tax Credit: The Innovation Incentive

Cherry Bekaert

The Research and Development (R&D) Tax Credit is a federal incentive designed to promote innovation in the design, development and improvements of processes, products and services. It allows companies to receive tax credits when certain expenses are incurred for the performance of qualified R&D activities in the U.S.

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