Accounting Today

AUGUST 4, 2025

The February deadline applies to: Any individual, business or tax-exempt organization that has a valid extension to file their 2024 return due to run out on Oct. Calendar-year partnerships and S corps whose 2024 extensions run out this Sept. Calendar-year partnerships and S corps whose 2024 extensions run out this Sept.

Tax

Xero

FEBRUARY 26, 2025

This early release will provide these customers with the tools to easily see how their business is doing, through visualizations of profitability, profit and loss, and balance sheet accounts. How will accountants and bookkeepers benefit? Several members of the Xero team visited Syfts head office in Johannesburg, late 2024.

XERO

Accounting Today

JULY 18, 2025

So, it should come as no surprise that a recent visit to a major university provided fresh inspiration and insights including this one: The next generation is more likely to see accounting or internal auditing not as a career but as a steppingstone. All rights reserved. And heres the shocker — that may not be a dreadful thing.

Auditing

Accounting Today

JUNE 16, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. All rights reserved.

Auditing

AvidXchange

JANUARY 10, 2025

Consider several important elements when calculating accounts payable automation ROI, or use our AP automation ROI calculator below for an estimate of how much your company can save by automating accounts payable. Factors for Calculating Accounts Payable Automation ROI Calculating AP automation ROI involves several key factors.

Accounts Payable

Accounting Today

JUNE 26, 2025

1, 2024; and CPA Walter W. 20, 2024, and attorney Jason M. 10, 2024, and attorney Catherine E. All rights reserved. Fulton, Agoura Hills, indefinite from March 18, 2025; CPA Mark L. Englander, Westlake Village, indefinite from Oct. Knauss III, Westlake Village, indefinite from Dec. Connecticut: Attorney Scott M.

Tax

Accounting Today

JUNE 12, 2025

After an IRS audit in 2016 assessed a federal tax debt totaling some $1 million, Archer concealed and transferred assets through two LLCs he controlled and began using third-party bank accounts to evade paying the tax debt. All rights reserved. In March 2019, Archer filed for Chapter 7. In March 2019, Archer filed for Chapter 7.

Tax

Xero

JULY 23, 2025

trillion in 2024 (estimated to reach $19.8 Getting your ecommerce accounting in order early can provide clearer cash flow visibility, enable more informed decisions, reduce errors, and ultimately help build a robust financial foundation on which you can grow. trillion by 2034).

XERO

Accounting Today

JUNE 19, 2025

Yager used clients information to present false returns to the IRS from November 2023 through March of 2024, submitting returns in the name of her clients without their knowledge or approval. All rights reserved. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S.

Tax

Accounting Today

AUGUST 8, 2025

Red Wing Software announces new version of CenterPoint Red Wing Software released CenterPoint Version 20, which comes with many new features, including Bank Transaction Import from Plaid. All rights reserved.

CPA

CapActix

MAY 16, 2025

The rise of AI in accounting software and the finance management industry is real. Several companies have already shifted to the best AI accounting software, and many are in the transition phase. We all know that paper logs, spreadsheets, and desktop software once defined business accounting.

Accounting Software

Accounting Today

AUGUST 1, 2025

22 on Accounting Today s 2025 list of the Top 100 Firms , has over 340 partners and principals and approximately 2,700 team members. Our clients now have access to the resources of a nationally recognized team of business advisors and accountants — a luxury were excited to expand upon. All rights reserved. Withum, which ranked No.

Corporation Tax

Compleatable

JULY 3, 2025

billion in 2024 to $18.4 They’re looking for real improvements, especially in areas like purchasing, accounts payable, payments, and spend visibility. You might have accounting software in one corner, procurement approvals in someone’s inbox, and budgets managed in a spreadsheet. But not automation for automation’s sake.

AP

Invoicera

NOVEMBER 13, 2024

It’s like trying to use a fax machine in 2024. Solution: Switch to cloud-based legal billing software that automates invoicing, integrates with your other systems, and reduces the manual work. Software that allows for customized billing (whether it’s hourly, flat fee, or retainer) will save you from headaches. Paper bills?

Invoicing

Accounting Today

JULY 24, 2025

He also attempted to conceal his income from the IRS by using his business bank accounts to pay personal expenses, including the purchases of auto parts, guns, jewelry and powersports vehicles. All rights reserved. On these returns, Edwards admitted that he owed more than $2.5 million in taxes.

Tax

Accounting Today

JUNE 20, 2025

It also applies to 2024 contributions to IRAs and health savings accounts for eligible taxpayers and to estimated tax payments normally due on April 15, June 16 and Sept. All rights reserved. The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.)

Tax

Accounting Today

JULY 25, 2025

CONNECTICUT FASB, GASB and FAF logos on the wall at headquarters in Norwalk, Connecticut Courtesy of GASB The Financial Accounting Foundation board of trustees announced it is seeking nominations for new members to join the Financial Accounting Standards Advisory Council for an initial one-year term beginning Jan. All rights reserved.

Corporation Tax

Accounting Today

JULY 17, 2025

The remaining former partners — Randy Reimer, Max Dunlap, Mike Huett, Amy Estes and Shanna Rougeau — will join the firms leadership group as principals Doeren Mayhew received a private equity investment from Boston-based Audax Private Equity in August 2024. All rights reserved.

Corporation Tax

accountingfly

JANUARY 9, 2025

Top Remote Candidates This Week Are you in need of remote accountants? Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of this week’s top remote tax and accounting candidates.

Accounting

Nanonets

MAY 28, 2025

Accounting work has always been tedious. Xero, one of the leading cloud accounting platforms, has integrated AI features that are streamlining these daily tasks. From their new conversational assistant JAX to automated bank reconciliation, these tools are helping accountants and business owners reclaim time for more valuable work.

XERO

Accounting Today

JULY 15, 2025

The bonus depreciation went down to 80% in 2023 and in 2024 it went down to 60%. All rights reserved. We had 100% bonus depreciation until 2023 and in 2023 it began to phase out at 20% each year," said Boccaccio. "In In 2023 you couldnt deduct 100%. Thats significant," he added.

Billing

Accounting Today

AUGUST 8, 2025

CALIFORNIA Adam Blaylock Rob Thomas Adam Blaylock was named the new office managing partner in San Jose at EY, where he has worked for 25 years and will continue to serve in his previous role of partner in the financial accounting advisory services practice and leader for the technology, media and entertainment, and telecommunications sector.

Corporation Tax

Accounting Today

AUGUST 5, 2025

Platform Accounting adds AWG Wine Advisors Platform Accounting Group building in Holladay, Utah Platform Accounting Group has added AWG Wine Advisors, formerly Allen Wine Group, based in Santa Rosa, California, expanding Platforms business accounting services to the wine industry. All rights reserved.

Corporation Tax

Accounting Today

JULY 1, 2025

In its June 23, 2025, memorandum ( M-25-30: "Ensuring Accountability: How We Oversee, Audit, and Improve " ), OMB director Russell Vought introduces a "strategic reset" to shift audits from procedural checklists to tools that drive real accountability and reform. All rights reserved. The shortcomings are clear.

Auditing

Accounting Today

JULY 1, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email Courtesy of IAASB and IESBA The International Ethics Standards Board for Accountants said Tuesday its first global Ethics Standards on Tax Planning , which IESBA launched in April 2024, went effective today. All rights reserved.

Tax

Accounting Today

JULY 2, 2025

In fact, according to Medius 2024 survey of U.S. As reported in a 2025 survey by the Association for Financial Professionals, respondents citing the use of paper checks for payments surged to 91%, and a further 63% reported that their organizations faced check fraud in 2024. All rights reserved.

Corporation Tax

Accounting Today

JULY 8, 2025

We can now go back to the old provisions, especially for small businesses with under $31 million in revenue, and amend for 2022, 2023 and 2024. Roger Russell Senior Editor, Accounting Today mailto linkedin For reprint and licensing requests for this article, click here. All rights reserved.

Billing

Accounting Today

JUNE 9, 2025

Musk, the biggest political donor of the 2024 campaign, has threatened to help defeat anyone who votes for the legislation, but lawmakers seem to agree that staying in the presidents good graces is the safer path to political survival. "We All rights reserved.

Billing

Accounting Today

JULY 15, 2025

The February deadline applies to: Any individual, business or tax-exempt organization that has a valid extension to file their 2024 return due to run out on Oct. 31, 2026; Calendar-year partnerships and S corps whose 2024 extensions run out on Sept. 15, 2025; Calendar-year corporations whose 2024 extensions run out on Oct.

Tax

accountingfly

NOVEMBER 14, 2024

Top Remote Candidates This Week Are you in need of remote accountants? Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of our top remote accounting candidates for this week.

CPA

Accounting Today

JULY 15, 2025

EDT 2 Min Read Facebook Twitter LinkedIn Email A major merger with billion-dollar firm Marcum toward the end of 2024 put CBIZ firmly at the top of the list of new Securities & Exchange Commission audit clients for the first quarter of 2025. All rights reserved.

Auditing

Accounting Today

JUNE 24, 2025

Government Accountability Office calculated that the U.S. It didnt even take into account tax fraud or other stolen revenues," he added. "It The ACFE, in its most recent Report to the Nations in 2024, estimated the typical organization loses 5% of its revenue to fraud, translating to about $5 trillion per year.

Corporation Tax

Accounting Today

JULY 29, 2025

Grant Thornton took on private equity investment from New Mountain Capital in March 2024, splitting its attest services from its business advisory and non-attest services. All rights reserved. Clearsight Advisors served as financial advisor to Auxis, and Holland & Knight served as its legal advisors.

Corporation Tax

Accounting Today

JULY 21, 2025

For tax years after 2024, Section 174A permanently restores the ability to fully deduct domestic R&D expenses in the year they are incurred. For 2022-2024 tax years, the new law provides very favorable transitional rules for businesses that incurred domestic R&D costs. All rights reserved.

Corporation Tax

Accounting Today

JULY 18, 2025

ALABAMA Machen McChesney, Auburn, promoted: Emma Farris to manager, Mary Elizabeth Bond to supervisor, and Ally Bean, Cole Dewberry and Keeley Leisure to senior accountants. founder Ron Cohen, who died in August 2024. All rights reserved. relocate offices; and more news from across the profession. Cohen & Co.,

Corporation Tax

Accounting Today

JULY 1, 2025

26 on Accounting Today s 2025 Top 100 Firms list. In December 2024, it took a private equity investment from Summit Partners in Boston. With its diverse industries and dynamic entrepreneurial spirit, the need for comprehensive, high-quality accounting services has never been greater. All rights reserved. UHY reported $384.7

Corporation Tax

Accounting Today

JUNE 17, 2025

Milan Jaros/Bloomberg The firm is backed by private equity firm New Mountain Capital, which acquired its majority stake in March 2024 after selling a majority stake in Top 100 Firm Citrin Cooperman. All rights reserved. Paige Hagy Reporter twitter mailto linkedin For reprint and licensing requests for this article, click here.

Corporation Tax