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EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. The tax loss totaled $356,881. All rights reserved.
The firm will be fully integrating agentic AI into RSMs assurance, tax and consulting services; empowering RSM talent with agentic AI tools to heighten productivity and professional growth; and expanding agentic AI-driven solutions to elevate the overall client experience. All rights reserved.
accountants who advise small and midsized businesses are feeling less confident this year, according to a new survey. Accountants are sounding an urgent alarm," said CPA Trendlines founder Rick Telberg in a statement Wednesday. All rights reserved. EDT 3 Min Read Facebook Twitter LinkedIn Email U.S.
Joshua Roberts/Bloomberg The Securities and Exchange Commission appointed Kurt Hohl, a former partner at Ernst & Young, as its new chief accountant, effective July 7. Wolfe has served as acting chief accountant since January 2025. All rights reserved.
3 to file various federal individual and business returns and make tax payments. 3 to file various federal individual and business returns and make tax payments. The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) All rights reserved.
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. Tax Foundation ( [link] ): Illinois policymakers should think twice before taxing GILTI. All rights reserved.
Practice management Private equity Succession planning MORE FROM ACCOUNTING TODAY Audit SEC plans ahead for PCAOB takeover The Securities and Exchange Commission is making plans in case it inherits the Public Company Accounting Oversight Boards duties if the tax bill passes. All rights reserved.
EDT 3 Min Read Facebook Twitter LinkedIn Email The accountant the world urgently needs has evolved far beyond the traditional role we recognized just a few years ago. Yet, in many areas, accounting education stubbornly clings to outdated, overly technical models that fail to connect with the actual demands of the market.
By Dominic Piscopo June 23, 2025, 1:24 p.m. With accounting talent in short supply, many firms are paying a premium for external hires instead of promoting their internal talent. Back when I was initially analyzing the data around the "loyalty tax," I posted a chart breaking down this trend on a Reddit thread. Sound familiar?
EDT 5 Min Read Facebook Twitter LinkedIn Email Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. Nixa, Missouri: Tax preparer Tina Louise Yager has pleaded guilty to making false and fictitious claims against the U.S. million in taxes on income he earned from his business.
TaxPlanIQ adds new features Pavel Bolotov/pashabo - stock.adobe.com Tax planning solutions provider TaxPlanIQ rolled out several new features. All rights reserved. A Multi-1040 Uploader and Opportunity Analyzer allows bulk upload of up to 100 client returns at once.
The Top 15 Accounting Conferences to Attend in 2025 Staying ahead in the finance industry takes more than just crunching numbers. That’s where accounting conferences come in. These events bring together top minds in tax, audit, and financial technology, offering insights that can shape the future of your career.
EDT 5 Min Read Facebook Twitter LinkedIn Email Over the last several months, Ive been partnering with Intuit QuickBooks, Brittany Brown with Ledger Gurus and Utah Valley University professor David Waite to deliver a hands-on accounting curriculum that teaches students the skills they need to succeed in the accounting profession.
EDT 6 Min Read Facebook Twitter LinkedIn Email Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases. CPA Timothy Trifilo has been sentenced to 20 months in prison for making a false statement on a mortgage loan application and for not filing an income tax return. .:
Taxfyle rolls out TXF Intelligence for smaller practitioners Tax solutions provider Taxfyle announced the release of its new TXF Intelligence product, a generative AI tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S. All rights reserved.
EDT 1 Min Read Facebook Twitter LinkedIn Email Tax management platform Instead launched artificial intelligence-driven tax reports, harnessing AI to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved.
EDT 1 Min Read Facebook Twitter LinkedIn Email Accounting firms are reporting bigger profits and more clients, according to a new report. By Chris Gaetano 11h ago Tax-related court cases Tax Fraud Blotter: Sick excuses By any other name; poor Service; a saga continues; and other highlights of recent tax cases.
Tipalti provides a suite of finance automation solutions for accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management and tax compliance. The deal was signed on June 16, 2025, and is expected to close shortly. All rights reserved. Terms of the acquisition were not disclosed.
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.
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.
EDT 1 Min Read Facebook Twitter LinkedIn Email The Governmental Accounting Standards Board issued questions and answers to help explain certain pronouncements to stakeholders. All rights reserved. Courtesy of GASB Implementation Guide No.
Chris Gaetano Technology Editor, Accounting Today linkedin For reprint and licensing requests for this article, click here. By Michael Cohn June 16 Audit Broker-dealer audit deficiency rates remain high The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements.
The company also announced new tax workflows and features. Paychex releases accountant portal Payroll and HR solutions provider Paychex announced Paychex Partner Pro , a portal designed to provide accountants with quick access to critical client data, reporting and insights for their business clients that use Paychex Flex.
By Chris Gaetano 9h ago Accounting Employers add 139K jobs, with 3,100 in accounting The overall unemployment rate remained unchanged at 4.2%. By Michael Cohn 10h ago Tax-related court cases Tax Fraud Blotter: Prep perps Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases.
EDT 4 Min Read Facebook Twitter LinkedIn Email Business owners who employ their children in a reasonable but limited capacity at their firms can rake in tax savings and start their kids first retirement accounts in the process. All rights reserved.
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. Identify opportunities Assess pain points in tax, audit, scheduling, and advisory workflows.
EDT 6 Min Read Facebook Twitter LinkedIn Email Accountants are facing increasing demands for precision, speed and data protection. Accountants manage a high volume of sensitive information daily, covering everything from client tax details and payroll reports to audit documentation and financial disclosures. 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. Todays business leaders dont just want tax prep. All rights reserved.
EDT 2 Min Read Facebook Twitter LinkedIn Email The Chartered Institute of Management Accountants named John Graham its next president, succeeding Simon Bittlestone, effective today. Accounting AICPA U.K. All rights reserved. Paige Hagy Reporter twitter mailto linkedin For reprint and licensing requests for this article, click here.
The expanded firm will continue to offer accounting and advisory services along with strengthened capabilities in business valuations, fractional CFO, client accounting, international tax consulting, litigation support, and succession planning, as well as medical and dental practice consulting through DMJPS Healthcare.
Practice management M&A Grant Thornton International accounting MORE FROM ACCOUNTING TODAY TaxTax pro coalition urges Treasury to stabilize IRS amid layoffs A group of tax organizations, including the NATP and NAEA, hopes to preserve the core tax functions relied on by tax professionals despite cutbacks at the IRS.
EDT 7 Min Read Facebook Twitter LinkedIn Email I am optimistic about the "trusted advisor" destination that the accounting profession has marked as its territory, but skeptical of the partnership model as a means of transportation to that promised land. All rights reserved.
ARIZONA The Association for Accounting Marketing Hall of Fame celebrated the 35th anniversary of the annual AAM Summit in Phoenix May 12-14. All rights reserved. ILLINOIS Rick Surett was named the new chief financial officer at Grant Thornton, Chicago, succeeding Muhammad Bhayat, who is retiring after more than 20 years at the firm.
14 on Accounting Today s 2025 list of the Top 100 Firms , with over $1.1 66 on Accounting Today s 2025 list of the Top 100 Firms , with $109 million in annual revenue. All rights reserved. Tonnesons shared values and vision for the future make them an ideal partner. Plante Moran ranked No. Sax ranked No.
Payroll year-end sees a business wrap up the tax year for payroll purposes. Youll also need to issue P60s to your employees and make any adjustments to tax codes for the new tax year. This is in contrast to your usual payroll which happens every payday usually weekly or monthly rather than just at the end of the tax year.
From pandemic restrictions to Making Tax Digital (MTD), hospitality businesses have had to stay agile and adapt to many changes in the past few years. In this guide, we’ll look at what the government’s Making Tax Digital initiative means for your hospitality business in practical terms. A closer look at MTD for hospitality.
If youre an entrepreneur, HR professional, or small business owner in the United States, chances are youve already faced the monthly hustle of calculating wages, filing taxes, and keeping up with compliance. With 2025 rolling in, the good news is that modern payroll software has evolved its faster, smarter, and more intuitive than ever.
This can result in less time or motivation to focus on numbers, accounting, and bookkeeping, even though these tasks are crucial for long-term success. As we prepare to move into 2025, here are some restaurant accounting and bookkeeping trends that can simplify your financial management and help grow your business.
FLORIDA The Florida Institute of CPAs announced its annual Women to Watch Awards on June 12 during its MEGA 2025 event, presenting the Experienced Leader award to Kristen Brand, office managing partner of Baker Tilly in Tampa, and Emerging Leader honor to Alex Welsh, senior manager of service delivery operations at A-LIGN.
That is effective for 2025 financial statements." All rights reserved. EDT 18 Min Read Facebook Twitter LinkedIn Email GASB headquarters in Norwalk, Connecticut Courtesy of GASB Enjoy complimentary access to top ideas and insights — selected by our editors.
Meeting tax deadlines. But here’s the thing… Outsourcing your accounting isn’t just a convenience anymore — it’s becoming a competitive advantage in 2025. What is Outsourced Accounting? When you maintain an in-house accounting department, you’re responsible for more than just salaries.
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