Tue.Mar 11, 2025

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Survey: 91% of Americans Think Filing Taxes Should Be Free

CPA Practice

In addition, two in three people describe tax preparation companies that advertise free tax filing services as "bait-and-switch" schemes, according to WalletHub's 2025 Tax Survey.

Tax
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We heard you: Making payroll more affordable for Australian small businesses

Xero

Last year we introduced a new line up of plans for our Australian customers to simplify our offering and make it easier to choose the right plan. As part of this, we made some changes to how payroll was included in our plans. Since then, we’ve heard from you, our community, that we didn’t quite get it right for everyone particularly those with a few employees, or small business owners who need to pay themselves.

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Key Q2 2025 Tax Deadlines for Startups

BurklandAssociates

Q2 tax deadlines are coming fast. Stay ahead of key filings, avoid penalties, and keep your startup on track with this essential guide. The post Key Q2 2025 Tax Deadlines for Startups appeared first on Burkland.

Tax
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How much tax do you pay in a lifetime?

Accounting Today

The total lifetime tax amount in the highest-paying state is $755,493.

Tax
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8 Ways to Torture Your CFO

The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.

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IRS: Average Tax Refund Amount Up 6.3% From This Time Last Year

CPA Practice

The averagetax refund amount for tax returns filed through Feb. 28 was $3,382, about 6.3% higher than the average refund of $3,182 through Mar. 1, 2024, the IRS said last week.

Tax
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New bill calls for tax preparer regulation

Accounting Today

Rep. Steve Cohen has re-introduced a bill that would give the IRS the authority to set and enforce standards for tax pros.

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Digits announces Autonomous General Ledger

Accounting Today

Accounting automation solutions provider Digits released its Autonomous Digital Ledger solution, intended to directly challenge competitors such as QuickBooks.

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Musk Says Social Security and Medicare are Key Targets for Cuts

CPA Practice

Musks comments are likely to spark controversy on Capitol Hill and within the White House, where many Republicans have been adamant that entitlement benefits will not be part of his Department of Government Efficiency cuts.

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Internal audit staffs and budgets rise

Accounting Today

Internal auditors are taking on more responsibilities, leveraging generative AI for tasks such as audit planning and reporting, says a new IIA report

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Business Executives’ Outlook on U.S. Economy Fades Amid Tariff and Inflation Worries, AICPA & CIMA Survey Finds

CPA Practice

The shift reflects growing concerns about inflation and tariffs, according to the survey, which polls chief executive officers, chief financial officers, controllers, and other CPAs.

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How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

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PCAOB sanctions KPMG network firms in 9 countries

Accounting Today

The Public Company Accounting Oversight Board imposed $3.375 million in fines on KPMG firms in Australia, Brazil, Canada, Israel, Italy, Mexico, South Korea, Switzerland and the U.K.

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State CPA Society News & Updates – March 2025

CPA Practice

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.

CPA
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New Mexico Sick Leave Law: Know About the Healthy Workplaces Act

Patriot Software

What happens when your employee gets sick? If youre a New Mexico employer, you need to know about the Healthy Workplaces Act. Saddle up to make sure you are in compliance with this New Mexico sick leave law. When someone is sick, work can be far from their mind.

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Digits Autonomous General Ledger Will Take on QuickBooks, Company Says

CPA Practice

AGL acts as a proactive bookkeeper, automatically categorizing transactions, reconciling accounts, and delivering real-time financial insights with unmatched speed and accuracy.

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You upgrade everything else. Why not your close process?

You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.

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Intuit QuickBooks Enables Tap to Pay on iPhone

Insightful Accountant

With Tap to Pay on iPhone, Intuit is giving customers a competitive advantage that accelerates cash flow, business growth, and customer loyalty

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Professionals on the Move – March 1, 2025

CPA Practice

Professionals on the Move is a collection of recent promotion, hiring and other staffing announcements from around the profession.

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How AI-X firms will redefine accounting

Accounting Today

Excellence in artificial intelligence is going to be a key differentiator for accounting firms in the near future.

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AICPA News – March 11, 2025

CPA Practice

AICPA News is a round-up of recent news and announcements from the American Institute of CPAs.

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AI In Accounting: A Practical Roadmap For Smarter AP

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

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QuickBooks announces Recurring Payments

Accounting Today

QuickBooks announced a new Recurring Payments feature to enhance invoicing management for small- and mid-market businesses.

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Report Shows the Value of Strategy Plus Increasing Responsibility for Internal Audit Leaders

CPA Practice

Internal audit functions that are more strongly aligned with overall organizational strategy are more likely to havesufficient funding.

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Supporting Warwickshire & Solihull Blood Bikes – A Life-Saving Mission

Inform Accounting

At Inform Accounting, we believe in giving back to the community and supporting causes that make a real difference. Thats why were incredibly proud to sponsor Warwickshire & Solihull Blood Bikes (WSBB), an amazing charity that works around the clock to provide life-saving deliveries to those in need.

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RSM US to Use Arch Platform to Navigate Complexities of Alternative Investments

CPA Practice

RSM US said on March 11 it's partnering with Arch on an initiative that equips the top five accounting firm's family office, financial services, and private client teams with a tech-forward solution that makes managing alternative investments more efficient.

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Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

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QuickBooks Desktop Enterprise: Step-by-Step through the Item Profitability Report

Insightful Accountant

Murph takes you step-by-step through the Item Profitability Report found only in QuickBooks Desktop Enterprise v24 R13 (and above).

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In the blogs: Nothing doing

Accounting Today

Familiar fears for firms; 10 reminders for the season; new blog on the block; and other highlights from our favorite tax bloggers.

Tax
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The Future of Tax Accounting: Will Hill on Productivity & Firm Growth

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with tax accounting expert Will Hill, who brings 24 years of experience in optimizing accounting firm operations.

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How AI will change lease accounting and auditing

Accounting Today

AI is transforming the way businesses manage their lease portfolios, bringing automation, accuracy and strategic insights to lease accounting and auditing.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Smarsh Announces AI Assistant for Professional Archiving

CPA Practice

Smarsh works in partnership with the worlds largest global banks, enabling training of their data for industry-leading AI for compliance.

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Fighting systemic racism with estate planning — one client at a time

Accounting Today

The authors of a new study explaining the specific significance of trusts for building Black wealth used the analogy of a beach filled with starfish.

Tax
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Preventing Fraud in a Law Firm

FraudFiles

There are two inexpensive and simple steps that can be taken to provide more oversight for the disbursement function at a law office. First, a partner needs to be actively involved in the process of issuing checks and electronic payments. Its not enough to simply glance at checks to vendors and immediately sign them. Someone [.

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Maximizing IT Investments: Hardware, Software, and Budget Planning

CPA Practice

CPA firms must balance cutting-edge IT solutions with cost-effective management. Firms that fail to optimize their IT investments often struggle with inefficiencies, unplanned expenses, and system downtimes that negatively impact productivity.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i