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By Dominic Piscopo June 23, 2025, 1:24 p.m. My firms compensation data, collected in 2024 and 2025, shows that accounting firms paid 7% more to bring in outside senior analysts in tax and audit than they paid internal staff in the same positions. All rights reserved. And the spread grew to 8.6% for first-year managers.
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. by 2035, KPMGs 2025 Futures Report found. All rights reserved.
The 2025 Avalara Accountants Confidence Report , produced by Avalara in conjunction with CPA Trendlines, polled 623 accounting professionals and found a shift from cautious optimism to greater pessimism, thanks to various economic pressures and policy uncertainty. All rights reserved. EDT 3 Min Read Facebook Twitter LinkedIn Email U.S.
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.
Wolfe has served as acting chief accountant since January 2025. By Chris Gaetano 2h 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. All rights reserved. By Michael Cohn June 12 Like what you see?
Although the proposed legislation is designed to be favorable to business, 42% of respondents to a Grant Thornton Q2 survey said they expect the changes to be beneficial, while 33% believe the proposed tax changes will harm their businesses financial position. All rights reserved. debt on the economy.
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. Tax Review Board. 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.) 31, 2025. All rights reserved.
EDT 5 Min Read Facebook Twitter LinkedIn Email Another Naughty list; a couple of sharks; Miami vice; and other highlights of recent tax cases. Fulton, Agoura Hills, indefinite from March 18, 2025; CPA Mark L. Schwartz, Berlin, indefinite from March 18, 2025. Tuggle, Duluth, indefinite from March 18, 2025; CPA William B.
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.
TaxPlanIQ adds new features Pavel Bolotov/pashabo - stock.adobe.com Tax planning solutions provider TaxPlanIQ rolled out several new features. The broader release is expected by the end of 2025. All rights reserved. A Multi-1040 Uploader and Opportunity Analyzer allows bulk upload of up to 100 client returns at once.
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.
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. .:
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.
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 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.
With another tax year almost wrapped up, are you ready to tackle year-end payroll? Finalising your 2024/2025tax year Wrap up outstanding items Before processing your last pay run for the 2024/25 tax year, approve any outstanding leave requests, timesheets and overtime to ensure your employees’ final pay is accurate.
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 2 Min Read Facebook Twitter LinkedIn Email SoFi Technologies headquarters in San Francisco Justin Sullivan/Photographer: Justin Sullivan/Ge President Donald Trumps signature tax legislation is poised to benefit companies offering private student loans, including SoFi Technologies Inc., All rights reserved.
Minimum CorporateTax Rate in Singapore 2025 As we approach 2025, small business owners in Singapore need to understand the implications of the minimum corporatetax rate and any updates in the tax landscape. framework, ensures MNEs pay a minimum tax on profits worldwide.
Singapore CorporateTax Update 2025: What Your Business Needs to Know Good news! Budget 2025 has introduced significant tax benefits to help businesses manage cash flow better. Our expert accountants deliver comprehensive servicesfrom bookkeeping to tax filingat transparent rates.
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.
Capitol Andrew Harnik/Photographer: Andrew Harnik/Gett President Donald Trump is meeting with a faction of conservative lawmakers at the White House who have threatened to sink his signature tax legislation over its $3.4 All rights reserved. EDT 2 Min Read Facebook Twitter LinkedIn Email Rep. Andy Harris accompanied by Rep.
Accountants manage a high volume of sensitive information daily, covering everything from client tax details and payroll reports to audit documentation and financial disclosures. Without the right systems in place, even routine tasks like expense approvals or tax submissions can become time-consuming and error-prone.
Technology Artificial intelligence KPMG Automation 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.
Tax professionals gear up for a mad dash, auditors dive into quarter-end chaos, while leadership scrambles to balance capacity with unpredictable workloads. But the once-effective model of heavy lifting during tax season followed by a revenue drought isnt just outdated — its increasingly unsustainable. All rights reserved.
Tax season 2025 is fast approaching, and for bookkeepers and accountants, staying on top of the important corporatetax deadlines is the key to completing smooth filings for their clients. Example: If your fiscal year ends on December 31, 2024, your T2 is due by June 30, 2025.
New Zealand will introduce legislation this week that enables a digital services tax on large multinational companies, though the levy won't be imposed until 2025.
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