Accounting Today

FEBRUARY 11, 2025

Hiring freezes at the IRS to a potential end to contingency fees have created a complicated start to the year for accountants and tax pros.

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Tax Account accountant accounted 122

CPA Practice

FEBRUARY 10, 2025

Since the start of the 2025 tax filing season on Jan. 27, the IRS has issued 3.23 million refunds with an average refund amount of $1,928 as of Jan. 31, the agency said last week.

Tax 114

Tax income tax 114

Going Concern

FEBRUARY 10, 2025

Um, what is this? The CPA Exam remains broken. Q4 2024 Pass Rates: Core: FAR – 36.80% AUD – 43.50% REG – 60.40% Discipline (Candidates Choose 1): BAR – 33.70% TCP – 72.20% ISC – 56.40% A few thoughts: The consensus on the new exam was FAR would see higher pass rates as difficult material — Dr. Josh McGowan, CPA (@Jmcgowan3838) February 8, 2025 Full text of Dr.

CPA 88

CPA audit Education financial accounting 88

Insightful Accountant

FEBRUARY 10, 2025

The rise of AI agents is poised to fundamentally reshape how tax firms operate and compete. As autonomous AI systems become more sophisticated, firms must prepare for significant changes.

Tax 52

Tax 52

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Accounting Today

FEBRUARY 11, 2025

The latest data on the most common e-filing rejections, how accounting firms are recruiting and retaining top talent, and other major metrics.

accounting firms 104

accounting firms Account accountant accounted 104

Shay CPA

FEBRUARY 12, 2025

On the surface, bookkeeping might not seem that complicated. A client or customer pays you money, so you record it on your books on the date it was paid. Right? Wrong. Because of the Financial Accounting Standards Boards (FASBs) Accounting Standards Codification (ASC) 606 , its mandated that companies use whats called revenue recognition. This means only putting something on your books as revenue as youve actually earned the money.

bookkeeping 52

bookkeeping accounting principles accounting standards accounting and finance 52

CPA Practice

FEBRUARY 10, 2025

This years inductees include David R. Bean, Barry C. Melancon, Terry Shevlin, and Mary T. Washington Wylie (1906-2005). The 2025 inductees represent a diverse group of accounting thought leaders, from practice and academia.

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Account Washington accountant accounted 106

Inform Accounting

FEBRUARY 12, 2025

The payment of National Insurance contributions is linked to entitlement to the state pension. If sufficient National Insurance contributions of the right type are paid for a tax year, that year counts as a qualifying year for state pension and benefit purposes.

Tax 52

Tax 52

AccountingDepartment

FEBRUARY 10, 2025

It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully, it's not as tough when you have the unrivaled support of AccountingDepartment.com.

Tax 63

Tax 63

TaxConnex

FEBRUARY 13, 2025

Online businesses looking to do business on Native American tribal lands in the U.S. should know that sales tax obligations for these sovereign nations and territories resemble those obligations in other areas of the U.S. but can differ in important ways. Areas such as the Navajo Nation have tribal sovereignty; for tax purposes, this means their sales tax laws are separate from the states within which they reside.

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Sales Tax Wisconsin Oklahoma 213

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Acterys

FEBRUARY 11, 2025

When it comes to managing and analyzing your data, staying agile and collaborative is essential. One key enabler for this agility is the ability to write back directly to your data models from within Power BI. Acterys takes this functionality to the next level by allowing users to seamlessly input, update, and manage data in real-time all while working directly in their Power BI dashboards.

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Approval Workflows audit Government B2B 130

Going Concern

FEBRUARY 13, 2025

Although we haven’t fully decided whether accountants are knowledge workers or manual laborers so long as accountants’ output is predominantly measured in billable hours, this recent paper as reported in 404 Media seems relevant to the sector nonetheless. Emanuel Maiberg writes : A new paper from researchers at Microsoft and Carnegie Mellon University finds that as humans increasingly rely on generative AI in their work, they use less critical thinking, which can result in the deteri

Education 104

Education Technology public accounting Maine 104

Xero

FEBRUARY 10, 2025

We’re kicking off the new year with some exciting Xero updates designed to address some of the enhancements youve been asking for, and make things more automated to save you time. Keep reading to learn how these enhancements will benefit you and your business. Global: Enhancements to new invoicing [Product Idea ] You’ll love the time-saving enhancements we have made to new invoicing this month.

Tax 96

Tax Sales Government Account 96

Withum

FEBRUARY 14, 2025

Withum is proud to share that Ryan Kelly , CPA has been recognized by the Florida Institute of CPAs with a prestigious Horizon award. Ryan, an audit manager in our Orlando office , serves privately owned and publicly traded clients in the Professional Services , Manufacturing, Distribution and Logistics industries. A University of Scranton graduate, Ryan is an active member of the AICPA, FICPA and PICPA.

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cpas Florida CPA Manufacturing 111

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.

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BurklandAssociates

FEBRUARY 11, 2025

Avoid payroll pitfallslearn the essential taxes every startup must pay and how to stay compliant with IRS and state regulations. The post Payroll Taxes for Startups: What Do I Have to Pay? appeared first on Burkland.

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payroll tax payroll Tax 147

Accounting Today

FEBRUARY 13, 2025

As the new year's tax season begins, a look back at lessons from the 2024 filing season.

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Tax 141

Xero

FEBRUARY 12, 2025

“When my debtor workflow is turned off, people stop paying me almost immediately.” This stark observation from Haley Reyners, founder of My Two Cents Accounting Services , highlights a common challenge facing small businesses. For her accounting and advisory firm, which is based in Northland, New Zealand, having over $60,000 tied up in outstanding invoices wasn’t just a number it was a threat to business sustainability. “I’m the same as any other small business own

bookkeeping 96

bookkeeping accountant Account accounted 96

Withum

FEBRUARY 13, 2025

New York plans to align with the federal centralized partnership audit regime as part of Governor Kathy Hochuls fiscal year 2026 budget. The 2026 budget proposal would amend various tax law provisions and introduce a new section, 659-a, detailing how partnerships must report federal changes and pay any resulting tax on behalf of their partners.The proposal aims to clarify New York state reporting requirements since the IRS started its partnership audit initiative in 2018.

New York 75

New York audit Washington Tax 75

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

SkagitCountyTaxServices

FEBRUARY 13, 2025

Saving money isnt a good priority in your business. I know, a shocking statement by any means, but especially in our current inflationary reality. But, heres what I mean If were speaking strictly in terms of getting your costs down, it’s understandable why youd prioritize anything that gets you savings. When prices go up, you have to adjust for that.

Tax 57

Tax payroll Maine CPA 57

Shay CPA

FEBRUARY 10, 2025

For early-stage startups, research and development (R&D) is the lifeblood of innovation. Historically, small companies benefited from being able to immediately deduct R&D costs each year. However, legislative changes enacted under the Tax Cuts and Jobs Act (TCJA) of 2017 have altered the playing field. This post explores Section 174 in its current form, common pitfalls for founders, and practical strategies to help you navigate these rules effectivelyeven as legislative uncertainty looms

accrual accounting 52

accrual accounting Tax CPA payroll tax 52

CPA Practice

FEBRUARY 13, 2025

With cryptocurrency's increase in popularity, the IRS has introduced some complicated reporting requirements to ensure compliance with U.S. tax laws.

Tax 121

Tax 121

Withum

FEBRUARY 10, 2025

Information overload is a challenge for everyone. Im always excited to check out features that will make my life easier and keep things organized. Microsoft Teams channels have long been a critical way to stay productive, and now Microsoft Teams has made one of the biggest changes to the Teams chat UI in recent memory: a combined layout for both channels and chats.

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Sales Government 64

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 10, 2025

AICPA & CIMA president and CEO Mark Koziel told a group of accountants that the association is preparing for the possibility of the PCAOB being "rolled up.

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Account accountant accounted audit 121

Basis 365

FEBRUARY 10, 2025

Keeping your business successful requires well-managed financial records, but taking the time and money to build an accounting team can use up resources you cant spare. If youre finding it difficult to keep up with your bookkeeping but dont want to hire an in-person accounting team, its time to consider alternative solutions! Outsourcing your accounting needs can scale with your business while ensuring accuracy, and its quickly becoming a standard for successful businesses.

bookkeeping 52

bookkeeping general ledger Technology accounts payable 52

Going Concern

FEBRUARY 10, 2025

Good morning, counterati. It’s Monday again, here is some news for you to start your week. ‘Tis the season to get tax advice from TikTok. p.s. It’s they’re , buddy. Accountants are too stupid to know about this because after all the schooling they just STOP learning! pic.twitter.com/BuMGHJuKx9 — Jessica Smith, EA , not a CPA (@Taxsavvyjessica) February 9, 2025 Something to chew on as both sides argue about fraud and waste: My dad was an auditor with The Indiana Depa

Indiana 52

Indiana Tax Account accountant 52

Withum

FEBRUARY 10, 2025

Starting January 2025, due to Pennsylvania Act 122, most domestic and foreign filing associations registered to do business in Pennsylvania are required to file an Annual Report. This report will replace the prior filing, which is required once every 10 years, to confirm the existence of entities that have not made some other type of filing with the Pennsylvania Corporation Bureau during the preceding 10 years.

Pennsylvania 59

Pennsylvania Non-Profits CPA Education 59

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Accounting Today

FEBRUARY 14, 2025

The House Ways and Means Committee passed a set of bipartisan bills aimed at improving tax filing and administration at the Internal Revenue Service.

Tax 116

Tax Finance 116

CPA Practice

FEBRUARY 12, 2025

The Public Company Accounting Oversight Board on Feb. 11 filed a notice with the SEC to withdraw its new standard on audit firm reporting of standardized firm and engagement metrics for approvala victory for those that opposed the rules, including many of the largest accounting firms in the U.S. and the AICPA.

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audit accounting firms accounted accountant 114

Accounting Insight

FEBRUARY 13, 2025

Chaser, the global leader in debtor management software, has launched an integration with Sage 200, delivering a solution for businesses to simplify accounts receivable processes, reduce late payments, and safeguard revenue. With late payments responsible for 10% of invoices being written off as bad debt (Sage), the integration equips businesses with the tools needed to take control of their receivables and avoid the financial strain caused by overdue payments.

accounting and finance 52

accounting and finance payroll Account accountant 52

Withum

FEBRUARY 10, 2025

Microsoft Copilot has an update: Microsoft 365 Copilot Chat is now available! Copilot Chat is free access to Enterprise grade Copilot, giving organizations a taste of Copilot. This version has some limitations but is a great starting point for organizations not ready to get the value from the $30/month Copilot license. Key Features of Microsoft 365 Copilot Chat Web-Grounded Chat with GPT-4o: Microsoft 365 Copilot Chat is powered by GPT-4o , providing a robust and secure AI chat experience.

Technology 52

Technology 52

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

Finance