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Our additional resource page includes webinars, white papers, and events covering a wide range of topics, from technical tax issues to soft skills like leadership. Key tax season resources available Comprehensive guides: Detailed guides covering various aspects of taxpreparation, planning, and compliance.
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EDT 1 Min Read Facebook Twitter LinkedIn Email Andrew Harrer/Bloomberg Tax year 2026 and filing season 2027 are the target date for retiring the Filing Information Returns Electronic, or FIRE, system. The IRS is encouraging taxpreparers to complete their IRIS applications to begin transitioning for the 2027 season.
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Why ROI matters now more than ever in tax and accounting The tax industry faces unprecedented pressures: Talent shortages Rising client expectations Increasing regulatory complexity In this environment, measuring AI’s ROI is a strategic necessity. Explore our insights below.
Your expertise in navigating these decisions demonstrates the value of year-round tax planning, which extends beyond simple compliance, thereby enhancing your ability to charge for advisory services beyond taxpreparation fees.
Consider establishing mid-year check-ins with clients who have college-age children.
This minimizes manual effort, reduces errors, and accelerates taxpreparation. With faster processing times and better resource management, AI-powered tax technology can help your small firm focus on scaling operations without increasing staff or overhead. Train and upskill staff.
All rights reserved. By Dominic Piscopo June 23, 2025, 1:24 p.m. EDT 3 Min Read Facebook Twitter LinkedIn Email Research shows that only one in four CPAs (26%) feel their pay is "very competitive" today.
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C. New Leadership Models in the CPA Profession Traditionally, the key person in a CPA firm was the individual handling the technical work—whether taxpreparation or auditing. Non-CPA buyers recognize this reliability as a key factor in making acquisitions viable. However, there has been a shift in the mindset.
EDT 3 Min Read Facebook Twitter LinkedIn Email Private equity in the profession; green cards and exit taxes; governance for preparers; and other highlights from our favorite tax bloggers. Trout CPA ( [link] ): Financial management, with a heavy dose of tax considerations, for funeral homes. All rights reserved.
3 to file various federal individual and business returns and make tax payments. Taxpayers have up to six months after the due date of their federal income tax return for the disaster year (without regard to any extension of time to file) to make the election. All rights reserved. For individual taxpayers, this means Oct.
All rights reserved. EDT 6 Min Read Facebook Twitter LinkedIn Email Accountants are facing increasing demands for precision, speed and data protection.
All rights reserved. aims for operational excellence July 21, 2025 10:01 AM 2:36 Facebook Twitter LinkedIn Email Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors.
All rights reserved. EDT 4 Min Read Facebook Twitter LinkedIn Email For decades, accounting firms have operated on a rhythm as reliable as a metronome: a rush of activity from January through April, followed by a lull that stretches through the summer and beyond.
Gary Boomer June 9, 2025 10:00 AM Facebook Twitter LinkedIn Email As CPA firms grow into the $10 million to $100 million revenue range, operational complexity increases, especially during peak periods like tax season. All rights reserved.
Most business owners feel overwhelmed, creating an ideal environment for advisory services that go far beyond traditional taxpreparation.
Position yourself as their strategic partner, not just their taxpreparer. Add international operations to the mix, and the complexity multiplies exponentially.
EDT 1 Min Read Facebook Twitter LinkedIn Email Bloomberg via Getty Images Looking for "greater tax certainty" for large business and international taxpayers, the Internal Revenue Service has improved its Pre-Filing Agreement program. All rights reserved.
All rights reserved. EDT 4 Min Read Facebook Twitter LinkedIn Email The accounting sector is poised to undergo its greatest reshuffling in generations.
All rights reserved. By Richard Chambers July 18, 2025, 11:54 a.m. EDT 4 Min Read Facebook Twitter LinkedIn Email A great benefit of my five-decade career in internal auditing and risk management is the opportunity to work with young people.
All rights reserved. EDT 5 Min Read Facebook Twitter LinkedIn Email Accountants and bookkeepers spend hours per week on client communication, from scheduling and confirming appointments to flagging paperwork deadlines and chasing invoices, especially during peak seasons.
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