CTP

APRIL 21, 2025

Popular athletic brands, video games, and local businesses see this as an opportunity to get a small-time celebrity endorsement at a more affordable cost. Non-Profit NIL Collectives: Gunning for That Tax Exemption For new NIL collectives, qualifying as a nonprofit sounds like a best-case scenario.

Tax

CPA Practice

NOVEMBER 19, 2024

In this article, I plan to dive into how you can not only prevent burnout, but increase profit in your firm. In the accounting world, burnout is especially common during tax busy season. Tax season often feels like a “necessary evil” for the success of your firm, bringing with it a lot of stress.

Tax

ThomsonReuters

JULY 23, 2025

An AI assistant has emerged as a game-changer for accounting firms, offering relief from time-consuming, repetitive tasks and unlocking the door to more profitable and engaging client advisory services. The good news?

Tax

Accounting Insight

AUGUST 4, 2025

But low-cost options often come with limited experience, outdated tools, or weak knowledge of Canadian tax laws. Outsourcing is a Strategic Alliance Outsourced accountants do more than process transactions—they can offer strategic insights, cash flow management, budgeting, and tax planning.

accounting and finance

Accounting Today

JULY 16, 2025

Employees spend their career at a firm working to become partners, and partners have tremendous skin in the game — even linking their retirement to the long-term success of the firm. All rights reserved. A traditional accounting firm structure is a partnership, where the timelines for returns are relatively long.

Technology

Accounting Today

JULY 23, 2025

A game-changing tech tool that represented a quantum leap from phone communication, email has been a welcome development for both CPAs and their clients. By Michael Cohn July 22 Tax House GOP appropriations bill would slash IRS funding House Republicans have introduced a spending resolution that would slash IRS funding by around $2.8

Technology

Accounting Today

JULY 28, 2025

And I think if youre a small to medium sized regional firm, to be able to get access to some of the best talent, the best technology and the best tools out there is really a game changer. (03:03): All rights reserved. 03:03): Yeah, one piece of advice is just alignment. Alignment on the vision. Like what you see?

Technology

Accounting Today

JUNE 23, 2025

I had worked my butt off for a year and I got an $800 raise, which if you do the math after taxes, its like $50 a week. You have your starting pitchers, you have your relief pitchers, you have your shortstop batting third, and then you have your right fielder whos batting eighth, but nobody ever won a ball game without a right fielder.

accounting firms

CPA Practice

JULY 31, 2025

Through our existing marketing and PR services, Edge clients are ahead of the game for GEO. Jason Bramwell Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals. © 2025 Firmworks, LLC.

Technology

Accounting Today

JULY 22, 2025

Client advisory services are proving to be a game changer in how accounting firms engage with their clients, especially when hen fused with tax advisory services.

Tax

CTP

DECEMBER 2, 2024

Tax audits are, unfortunately, a possibility that every taxpayer should be prepared for. Even if you’ve crossed your t’s and dotted your i’s, the IRS does sometimes choose tax returns at random for an audit. This is where the expert assistance of a Certified Tax Planner becomes invaluable.

audit

Accounting Today

JULY 16, 2025

With automation, 77% see AI as a game-changer for marketing and customer engagement. Source: PR Newswire ) Why this is important for your firm and clients: I agree that AI is a game-changer and that it will have a big impact on small businesses. All rights reserved. But I dont believe its having that impact yet.

Technology

Accounting Today

AUGUST 4, 2025

The larger workforce that you carry, you have to figure out a way to keep people busy, in and out of your normal tax season. By Michael Cohn 7m ago Tax New Mexico weather victims get tax relief The IRS is pushing back filing and payment deadlines for individuals and businesses in the state affected by severe storms, flooding and landslides.

Technology

CPA Practice

JULY 11, 2025

Held in June in Las Vegas, the event is one of the largest educational and networking events for accounting and tax professionals. But then also the tax research products are on the floor, Blue Jay and hatch, GPT, Portal, products like trust and I can just keep going and going. The goal is not to tell you about any individual vendor.

Technology

CPA Practice

JUNE 25, 2025

It’s been a game-changer for managing payroll across borders, giving me peace of mind and helping my team feel valued and secure.” – Emily, CEO, eclicksolutions Remitly business payments are now available to customers in the U.S., I can send payments directly to their bank accounts, quickly and reliably. © 2025 Firmworks, LLC.

Technology

CPA Practice

JULY 24, 2025

That change will affect the $1,200 threshold that currently triggers W-2G tax forms when players hit slot jackpots. the co-chairs of the bipartisan Congressional Gaming Caucus, introduced the Shifting Limits on Thresholds (SLOT) Act to update the reporting threshold to $5,000 and index it to inflation. based trade organization.

Technology

Accounting Today

JUNE 10, 2025

899; IRMMA tactics; and other highlights from our favorite tax bloggers. Why lawmakers ought to adopt a simple reform that would raise revenue and make the Districts business tax system fairer. Tax Talk: ( [link] ): OBBBA wont be so beautiful for foreign persons if IRC Section 899 becomes reality. All rights reserved.

tax preparation

CPA Practice

AUGUST 4, 2025

Voted on by their peers, this year’s winners—Liam Williman (Weymouth High School) and Arthur Do (Sharon High School)—each received two tickets to an upcoming Boston Red Sox game.   Leave a Reply Cancel reply Δ CPA Practice Advisor is the definitive technology and practice management resource for accounting and tax professionals.

accounting careers

Accounting Today

JULY 15, 2025

billion from video game and electronics retailer GameStop Corp. By Daniel Hood 11h ago Tax More winners and losers from the Trump tax bill Many of the provisions of the OBBBA benefit businesses, but colleges and universities will take a hit, as will companies in renewable energy. All rights reserved. billion and $11.6

audit

Going Concern

MARCH 3, 2025

It’s a disruptor, a game changer, the next technological revolution. CNBC on Trump’s tax plan : Rep. Extending the Trump tax cuts delivers the biggest relief to working-class Americans and small businesses in a generation, Rep. One economist isn’t so sure. Richard Neal, D-Mass., Jason Smith, R-Mo.,

cpas

Accounting Today

JULY 18, 2025

The Guardians will recognize the gift in a pre-game ceremony at Progressive Field on July 18, which will include Cohens grandson throwing out the first pitch. All rights reserved. relocate offices; and more news from across the profession. Cohen & Co., Community Foundation, in honor of Cohen & Co.s

Indiana

CTP

FEBRUARY 20, 2024

By Dominique Molina, CPA MST CTS You’re in the business of tax planning, and you pride yourself on being the go-to expert for navigating the complex world of taxes. It’s a widespread belief, but it barely scratches the surface of what tax planning can do. So, keep an open mind as you read on.

tax planning

CPA Practice

SEPTEMBER 25, 2023

What does your game plan for this fall include? It would be best if you took this time to address the top few issues and develop a plan to complete those by mid-December while accommodating tax planning, Client Accounting Services, and cleaning up any other open projects for the year. First, breathe and think.

Gaming

MyIRSRelief

DECEMBER 6, 2024

But beneath its glamorous surface lies a practical reality: taxes. Whether youre an individual chasing the California dream or a business owner navigating the complexities of the entertainment industry, tax obligations are an unavoidable part of life in this vibrant city. Habibs credentials as an Enrolled Agent set him apart.

tax services

CPA Practice

JUNE 5, 2023

Taylor, Kiplinger Consumer News Service (TNS) NBA finals Game 2 is in the books, and many people who tuned in to see the Miami Heat tie the series with the Denver Nuggets are probably not wondering what a jock tax is. But the NBA Finals—and other sporting events—are connected to taxes in a big way. What is the jock tax?

income tax

CPA Practice

NOVEMBER 20, 2024

In this article, I plan to dive into how you can not only prevent burnout, but increase profit in your firm. In the accounting world, burnout is especially common during tax busy season. Tax season often feels like a “necessary evil” for the success of your firm, bringing with it a lot of stress.

Tax

Xero

JULY 3, 2022

Earlier this month, Caveo Partners took to Xero’s social channels to ask small business owners which questions they wanted answered come tax season. How often should I see my advisor at tax time? . How do I know if I’ll end with a tax bill or a tax refund? Beyond tax time, what value can an advisor add to my business? .

business tax

CTP

APRIL 11, 2025

Popular college and even high school athletes can now earn money from endorsement deals with popular brands, the use of their NIL in video games, or through their own social media accounts. This change opens up a new market and opportunity for us as tax planners. This is a major opportunity to add value as a tax planner!

tax planning

Withum

MARCH 29, 2023

The ace of the Mets pitching staff, who had been a lifelong Met, had decided to head to Texas for what he called a “winning culture” and likely tax savings. This article is not a discussion of whether the Mets have improved their rotation but a discussion of how the new teams affect the tax situations of the ace pitchers.

Texas

CTP

APRIL 11, 2025

Many are underprepared for how best manage their new income, including putting in place a tax strategy that ensures as many of those dollars as possible go toward their future instead of to the IRS. Read on for an overview of key things to keep in mind when it comes to tax planning for student athletes. self-employment tax.

tax planning

ThomsonReuters

MARCH 5, 2024

tax system, including provisions affecting both individuals and businesses. “The TCJA, like most big tax laws, is like the spokes of a wheel,” John Rose, J.D., Director of Federal Tax Quality Control at Aprio, began. “The TCJA, like most big tax laws, is like the spokes of a wheel,” John Rose, J.D.,

Tax

Withum

FEBRUARY 29, 2024

While, baseball does not have a salary cap, this payment would have counted towards 30% of Major League Baseball’s (“MLB”) Competitive Balance Tax (CBT) threshold. The CBT, often called a luxury tax, was designed by baseball to discourage teams from accumulating player salaries more than the luxury tax thresholds.

income tax

Withum

FEBRUARY 29, 2024

While, baseball does not have a salary cap, this payment would have counted towards 30% of Major League Baseball’s (“MLB”) Competitive Balance Tax (CBT) threshold. The CBT, often called a luxury tax, was designed by baseball to discourage teams from accumulating player salaries more than the luxury tax thresholds.

Tax

CPA Practice

AUGUST 28, 2024

CPA Practice Advisor has announced the 2024 Tax and Technology Innovation Award winners and finalists. After voting by the awards committee panel each year, the top five products are presented as winners of the Tax and Accounting Technology Innovation Awards. In 2004, under the editorial leadership of Gregory L.

Technology

ThomsonReuters

APRIL 4, 2022

Sure, your firm’s tax compliance software does its job, but you know that there’s room for significant improvement. Tax season can obviously be a hectic and stressful time, but eliminating time-consuming tasks, and streamlining and automating the tax workflow would be transformative for you and your staff.

Tax

CPA Practice

DECEMBER 19, 2023

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. It’s common for companies to choose an effective date of January 1 to simplify selecting a calendar year for taxes and relieve businesses of paying state franchise taxes for the prior year.

Rhode Island

CPA Practice

NOVEMBER 15, 2023

Ignition , a platform for professional services to get paid faster and run smarter, has expanded its strategic partnership with Intuit by integrating with ProConnect Tax , a cloud-based tax software. They can save time by sending tax engagements in bulk, eliminate AR by automating payments, and seamlessly connect workflows.”

quickbooks