Accounting Today

JUNE 17, 2025

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.

Corporation Tax

Accounting Today

JUNE 6, 2025

We must confront a critical question: If we continue to train accountants solely to file tax reports, are we truly equipping them for the challenges of todays world? Vinícius Alves de Melo CEO, Carlos Contábil For reprint and licensing requests for this article, click here. All rights reserved.

Accounting

Accounting Today

JUNE 5, 2025

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. .:

Tax

Accounting Today

JUNE 9, 2025

audit clients are ready to change firms within the next three years, according to a new report. audit clients are ready to change firms within the next three years, according to a new report. Inflos "Creating a New Audit Experience for U.S. All rights reserved. Five percent of respondents answered "nothing."

Auditing

Accounting Today

JUNE 5, 2025

You can read more about the program in my first article: Addressing the accounting talent shortage through hands-on education. Dan Luthi Partner, Ignite Spot Accounting Services For reprint and licensing requests for this article, click here. All rights reserved. PA, based in the Charlotte metropolitan region, effective July 1.

Accounting

Accounting Today

JULY 9, 2025

Vinícius Alves de Melo CEO, Carlos Contábil For reprint and licensing requests for this article, click here. By Paige Hagy July 9 Tax IRS FIRE's going out for 2027 tax season The Internal Revenue Service plans to shutter its Filing Information Returns Electronic, or FIRE, system. All rights reserved.

Accounting

Accounting Today

JUNE 10, 2025

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. by 2035, KPMGs 2025 Futures Report found.

Corporation Tax

Accounting Today

JULY 18, 2025

Bloomberg announces new features for AI Assistant Bloomberg Tax and Accounting announced a bevy of new features for its AI Assistant. This is on top of the tax content it already draws upon, such as Bloomberg Tax Portfolios. This is on top of the tax content it already draws upon, such as Bloomberg Tax Portfolios.

Corporation Tax

Accounting Today

JULY 18, 2025

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. One of the biggest challenges facing internal auditing and accounting is recruiting the next generation of workers to each respective profession. Im one of them.

Auditing

Accounting Today

JULY 24, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email The not-so-great outdoors; spear itself; pain and gain; and other highlights of recent tax cases. Sole owner of Zion Outfitter, an outdoor retailer in Springdale, Utah, he handled the company finances and provided CPAs with information and records to prepare tax forms to submit to the IRS.

Tax

Accounting Today

JUNE 9, 2025

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.

Tax

Accounting Today

JUNE 11, 2025

The shift signifies growing apprehension across Main Street accounting firms serving as advisors on tax, payroll and compliance decisions amid a backdrop of historic tariff actions, continued inflation and unpredictable tax and trade policies. All rights reserved.

Accounting

Accounting Today

JUNE 16, 2025

Accountants manage a high volume of sensitive information daily, covering everything from client tax details and payroll reports to audit documentation and financial disclosures. Together, these two elements serve as the backbone of reliable financial reporting, timely filings, and successful audits. All rights reserved.

Accounting

Accounting Today

JUNE 26, 2025

EDT 5 Min Read Facebook Twitter LinkedIn Email Another Naughty list; a couple of sharks; Miami vice; and other highlights of recent tax cases. San Jose, California: Execs Lalo Valdez and Matthew Olson have pleaded guilty to not paying over employment taxes to the IRS. Olson caused a total tax loss to the IRS exceeding $2.1

Tax

Accounting Today

JUNE 13, 2025

Hohl has close to 40 years of accounting and auditing experience. In 2023, he founded Corallium Advisors, which helps businesses with auditing, regulatory compliance, risk management, and initial public offerings. All rights reserved. Previously, he spent 26 years as a partner at EY in various roles.

Accounting

Accounting Today

JUNE 17, 2025

Tipalti provides a suite of finance automation solutions for accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management and tax compliance. Chris Gaetano Technology Editor, Accounting Today linkedin For reprint and licensing requests for this article, click here. All rights reserved.

Corporation Tax

Accounting Today

JULY 16, 2025

Elliott Parker CEO, Alloy Partners For reprint and licensing requests for this article, click here. All rights reserved. The firms that emerge as winners in the accounting industry are more likely to be the holdouts that remain focused on the long-term.

Corporation Tax

Counto

NOVEMBER 2, 2024

Invoices in Audits: What Every SMEs in Singapore Should Understand As a small business owner in Singapore, navigating the complexities of financial management can be daunting. Among these complexities, understanding the role of invoices in audits is paramount. Discover how we can streamline your taxes and accounting today.

Invoicing

Accounting Today

JULY 22, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email E-comm challenges; advising on biz sales; the IRS and math errors; and other highlights from our favorite tax bloggers. Answer unclear; ask again later Taxbuzz ( [link] ): So is Social Security tax-free under the One Big Beautiful Bill Act? All rights reserved. Tell clients "almost."

Corporation Tax

Accounting Today

JUNE 16, 2025

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.

Corporation Tax

Accounting Today

JULY 23, 2025

Joep Leussink Head of growth, AddEvent For reprint and licensing requests for this article, click here. 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 All rights reserved.

Corporation Tax

Accounting Today

JUNE 13, 2025

Michael Cohn Editor-in-chief, AccountingToday.com twitter mailto linkedin For reprint and licensing requests for this article, click here. 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.

Corporation Tax

Counto

DECEMBER 16, 2024

Understanding Internal vs. External Audits: A Guide for SME Owners in Singapore Audits are critical tools for evaluating a companys financial health and operational efficiency. While both audits provide valuable insights, they differ in their objectives, scope, and who performs them. What is an Internal Audit?

Auditing

Accounting Today

JUNE 20, 2025

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. 15, 2025. 31, 2025.

Tax

Accounting Today

JUNE 23, 2025

Michael Cohn Editor-in-chief, AccountingToday.com twitter mailto linkedin For reprint and licensing requests for this article, click here. All rights reserved. IMAs Management Accounting Competency Framework outlines the skills required by the most common accounting and finance roles.

Corporation Tax

Accounting Today

JUNE 25, 2025

Chris Gaetano Technology Editor, Accounting Today linkedin For reprint and licensing requests for this article, click here. All rights reserved. By Chris Gaetano CloseText About Chris linkedin chris-gaetano-870989232/ June 25, 2025, 4:00 p.m. Xero has agreed to pay a break fee of $37.5

XERO

Accounting Today

JUNE 17, 2025

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.

Corporation Tax

Accounting Today

JULY 28, 2025

You know, Im just doing a tax return or Im just doing this. Its really coming around to our internal employees and saying, "Its not just [a tax return], you are worth this." Danielle Lee Managing Editor, Accounting Today mailto linkedin For reprint and licensing requests for this article, click here. All rights reserved.

Auditing

Counto

NOVEMBER 10, 2024

Tax Deductions and Incentives Available for F&B Businesses in Singapore F&B businesses in Singapore face a range of operational challenges, but tax deductions and government incentives provide valuable opportunities to reduce costs and improve profitability. Discover how we can streamline your taxes and accounting today.

Tax

Accounting Today

JUNE 6, 2025

Paige Hagy Reporter twitter mailto linkedin For reprint and licensing requests for this article, click here. 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. All rights reserved.

Corporation Tax

Accounting Today

JUNE 19, 2025

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. Jeff Stimpson Freelance writer For reprint and licensing requests for this article, click here.

Corporation Tax

Counto

JANUARY 11, 2025

Financial Record-Keeping and Audit Requirements ACRAs compliance requirements for financial record-keeping and audits continue to be stringent. As of 2025 , businesses must be aware of the following: Audit Exemption : Small companies with annual revenue of SGD 10 million or less are exempt from mandatory audits.

Financial Statements

Accounting Today

JUNE 11, 2025

Paige Hagy Reporter twitter mailto linkedin For reprint and licensing requests for this article, click here. By Paige Hagy 8h ago Tax IRS updates procedures list for accounting changes Rev. All rights reserved. By Michael Cohn 2h ago Accounting Optimism declines among accountants U.S.

Corporation Tax

Counto

NOVEMBER 3, 2024

Cash basis accounting, while easier, is not permitted and could lead to audits, fines, and closer scrutiny from ACRA and IRAS. Simpler Tax Compliance and Expense Deductibility Using accrual basis accounting also makes tax compliance smoother and more accurate. Why Accrual Basis Accounting is the Only Compliant Method 1.

Accruals

Counto

JANUARY 10, 2025

We’ll cover everything you need to know about classification, valuation, tax implications, and best practices so you can confidently manage cryptocurrency in your business operations. From multicurrency accounting to tax filing, Counto handles it allwith unlimited transactions. We prioritise your savings and efficiency.

Accounting

Accounting Today

JULY 25, 2025

Tasks once performed by junior staff — data entry, reconciliations, audit sampling, basic tax preparation — are increasingly automated. Christine Kuglin Director, Truth in Accounting Project, University of Denver For reprint and licensing requests for this article, click here. All rights reserved.

Corporation Tax

Accounting Today

JUNE 9, 2025

The offer on display from smart money is tempting — access to liquidity much sooner, with better tax treatment, and the chance for "multiple bites at the apple," with resources to fuel future value creation. Nishaad Ruparel President, Ascend For reprint and licensing requests for this article, click here. All rights reserved.

Accounting