Accounting Today

FEBRUARY 28, 2025

It's time for the profession to rediscover its capacity for creative problem-solving and innovation.

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Account accountant accounted 80

ThomsonReuters

FEBRUARY 28, 2025

As discussed in my previous post, tax reform is a complex jigsaw puzzle where various groups compete to be heard. As these voices cross paths, the legislative process becomes more convoluted. Nowhere is this seen more than in the constant tug of war between Congress and special interest groups. The influence of special interest groups on tax reform As you can imagine, special interest groups play a significant role in shaping tax reform.

Tax 91

Tax Manufacturing Real Estate corporation tax 91

CTP

FEBRUARY 28, 2025

Technological competence for tax practitioners is receiving increased attention from the IRS. Circular 230, which outlines rules governing those who practice before the IRS, has an entire section on competence. According to this guidance, tax practitioners must have the knowledge, skill, thoroughness, and preparation for any tax engagement they take on.

Tax 78

Tax tax return Legal Government 78

Anders CPA

FEBRUARY 28, 2025

With rare exceptions, the practice of law is a business, and legal services are a product. To improve law firm profitability, think of your firm as a manufacturer. If law firms want to remain sustainable, they must prioritize profitability by balancing production volume and cost efficiency. Making data-driven adjustments can enhance cash flow and profitability, ensuring sustainability for the firm and improved services for clients.

Non-Profits 59

Non-Profits Legal financial statements Manufacturing 59

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

Tax

Randal DeHart

FEBRUARY 28, 2025

Navigating the world of finances can sometimes feel like trying to build a house without a blueprint. Between managing budgets, keeping track of expenses, and ensuring you're compliant with tax regulations, it's easy to feel overwhelmed. That's where your financial dream team comes in! Having the right people by your side can make all the difference in staying organized and achieving your business goals.

Construction 66

Construction Gaming Finance Tax 66

Going Concern

FEBRUARY 28, 2025

Welcome to the era of US accounting firms practicing law. KPMG’s request to Arizona to open a law practice there has been granted and they set right to bragging about it in a press release yesterday : Today, KPMG LLP, the U.S. audit, tax, and advisory firm, launched KPMG Law US, a subsidiary of KPMG LLP, marking a milestone as the first law firm owned by a Big Four firm to serve the US market.

Arizona 59

Arizona Legal accounting firms audit 59

Accounting Today

FEBRUARY 28, 2025

KPMG Law US, based in Arizona, will deliver legal services powered by artificial intelligence and KPMG Digital Gateway.

Arizona 120

Arizona Legal accounting firms Account 120

CPA Practice

FEBRUARY 28, 2025

Most farmers and fishers who chose to forgo making estimated tax payments by January that they must generally file their 2024 federal income tax return and pay all taxes due by March 3, 2025.

income tax 116

income tax tax return Tax 116

Patriot Software

FEBRUARY 28, 2025

Several states require that employers give tax notices to employees regarding their possible eligibility for the Earned Income Tax Credit (EITC, or EIC). The tax notice is typically IRS Notice 797, although you can give alternative notifications. EITC is a benefit for working people who make low to moderate income.

income tax 57

income tax Tax payroll 57

Accounting Today

FEBRUARY 28, 2025

The window for participating in Accounting Today and Best Companies Group's annual ranking is currently open.

accountant 110

accountant Account accounted 110

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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

Account

CPA Practice

FEBRUARY 28, 2025

The March 21 BOI reporting deadline is no longer in effect, and no fines, penalties, and enforcement actions will be taken until a forthcoming interim final rule from FinCEN becomes effective and sets a new BOI filing due date.

Account 104

Account accounted accountant 104

Patriot Software

FEBRUARY 28, 2025

For many businesses, invoicing customers is how you get paid. But manual invoicing processes can be time-consuming, and invoices can look unprofessional. Invoice generators streamline the essential invoicing process, which can speed up how quickly you get paid.

accountant 52

accountant Account accounted 52

Insightful Accountant

FEBRUARY 28, 2025

Voting for both the U.S. and International ProAdvisor Awards begins at 12:01 AM Eastern time Tonight, Saturday, March 1, 2025.

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CPA Practice

FEBRUARY 28, 2025

Lease accountants have the power and intelligence to massively impact their organizations portfolios. But are they doing it? Are their clients or the businesses they work for utilizing their expertise?

Account 93

Account accountant accounted 93

Advertiser: Paycor

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Accounting Today

FEBRUARY 28, 2025

Eide Bailly names chief people officer; KSM launches information technology services; and more news from across the profession.

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CPA Practice

FEBRUARY 28, 2025

A Florida man pleaded guilty today to orchestrating a nearly decade-long scheme to promote an illegal tax shelter and commit wire fraud. He also pleaded guilty to assisting in the preparation of false tax returns for tax shelter clients.

Florida 77

Florida Tax tax return income tax 77

Accounting Today

FEBRUARY 28, 2025

The usual March 1 deadline for farmers and fishers has been pushed to March 3, or further, for those impacted by natural disasters.

Tax 59

Tax 59

CPA Practice

FEBRUARY 28, 2025

Avalara, Inc., a provider of tax compliance automation software, has released its updated connector for Salesforces Revenue Cloud, now available on Salesforce AppExchange, a leading enterprise cloud marketplace.

Tax 71

Tax business tax Account accounted 71

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

Account

Accounting Today

FEBRUARY 28, 2025

April users can now file in all 50 states; KSM launches IT services advisory; Expensify announces Expensify Travel; and other accounting tech news and updates.

Technology 59

Technology accountant Account accounted 59

CPA Practice

FEBRUARY 28, 2025

In this video and podcast, Randy Johnston and Brian Tankersley, CPA, review ZOHO for Firms in their roundup of AI systems for accounting firms.

Technology 71

Technology accountant Account accounted 71

Accounting Today

FEBRUARY 28, 2025

Intapp, during its Intapp Amplify event in NYC on Feb. 26, announced new AI-driven improvements to Intapp's Time, Walls and Assist products.

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CPA Practice

FEBRUARY 28, 2025

Yasmine Acebo makes her living by hooking up renters with deals on Austin apartments. In recent months, they havent been hard to find.

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Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

Finance

Accounting Today

FEBRUARY 28, 2025

The Big Four firm's audit projects are not impacted, sources say.

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audit 52

Inform Accounting

FEBRUARY 28, 2025

Tax efficient investment comes with varying risk profiles, from high to low. We look at both ends of the spectrum. Venture capital schemes These offer generous tax incentives to individuals investing in young, higher risk companies which are not listed on a recognised stock exchange, and would otherwise struggle to access finance.

Tax 52

Tax Finance 52

Accounting Today

FEBRUARY 28, 2025

A primer on what diversity, equity & inclusion mean in the profession and what they don't.

Account 52

Account accountant accounted 52

ThomsonReuters

FEBRUARY 28, 2025

Tariffs, a critical part of international trade, have helped shape economies and have been the cause of many disputes over the years. Well take a deep dive into what tariffs are, how they work, and who pays them. Well also discuss the current tariff landscape in the U.S., including recent trade tensions, and how to communicate the impacts of tariffs to clients and stakeholders.

Tax 80

Tax Agriculture E-commerce Manufacturing 80

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

Finance

Accounting Today

FEBRUARY 28, 2025

A small Pennsylvania auditor picked up a big tranche of engagements from another auditor that exited the field.

Pennsylvania 64

Pennsylvania audit auditor 64

Going Concern

FEBRUARY 28, 2025

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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West Virginia audit auditor cpas 52

CPA Practice

FEBRUARY 28, 2025

More than 100 IRS offices that host taxpayer assistance centers appear to be on the chopping block as the Trump administration continues efforts to cut waste from the federal government. But any closures likely won't take place until after tax season.

Tax 81

Tax Government income tax 81

CPA Practice

FEBRUARY 28, 2025

Each year, the Internal Revenue Service puts together a Dirty Dozen list warning taxpayers, businesses, and tax professionals of tax scams to watch out for, and common schemes that threaten their tax and financial information.

Tax 109

Tax income tax 109

Advertiser: Paycor

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