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in accounting from James Madison University and is a CPA in Virginia. By Michael Cohn 31m ago Accounting New York passes licensure changes bill The New York State Legislature passed a bill establishing an additional pathway to CPA licensure, and another bill authorizing the use of electronic signatures. 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.
By Chris Gaetano 9h ago Accounting AICPA, NASBA recognize top CPA exam performers Eleven accountants were given the Elijah Watt Sells Award, granted to those who earn a cumulative average score above 95.50 All rights reserved. across four sections of the exam.
Elliott Davis, a licensed CPA firm, will continue to provide attest services. Flexpoint had evaluated other CPA firm platforms but with Elliott Davis it was love at first sight. All rights reserved. Elliott Davis is based in Greenville, South Carolina, with over 800 employees, 60 partners and eight offices.
Accounting Accounting firm services Accounting education International accounting Career planning MORE FROM ACCOUNTING TODAY Technology XcelLabs launches to help accountants use AI Jody Padar and Katie Tolin debuted a training and technology platform, in partnership with the Pennsylvania Institute of CPAs and CPA Crossings.
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. Mindset is paramount. Think — plan — grow!
Fulton, Agoura Hills, indefinite from March 18, 2025; CPA Mark L. 1, 2024; and CPA Walter W. Tuggle, Duluth, indefinite from March 18, 2025; CPA William B. Tomasello, Forest Park, and CPA Victor C. Indiana: CPA Michael M. Missouri: CPA William R. New York: CPA Kimberly Johnson, Bronx, indefinite from Nov.
Taxjar ( [link] ): July sales tax due dates. The Sales Tax People ( [link] ): Whats up with subscription services and sales tax? Trout CPA ( [link] ): Financial management, with a heavy dose of tax considerations, for funeral homes. All rights reserved.
By Danielle Lee 8h ago Practice management Accountants expect firms to shrink headcount by 20% Fifty-two percent of accountants expect their firms to shrink in headcount by 20% in the next five years, according to a report by the Indiana CPA Society. All rights reserved. By Paige Hagy June 6 Like what you see?
The company is also offering a 100% money-back guarantee for subscribers to its TaxPlanIQ Growth Plan who, over 12 months, complete 12 trainings, present 10 tax plans to verifiable clients or prospects, and participate in five 1:1 tax plan reviews with a TaxPlanIQ Concierge CPA Consultant. All rights reserved.
By Michael Cohn 9h ago Accounting New York passes licensure changes bill The New York State Legislature passed a bill establishing an additional pathway to CPA licensure, and another bill authorizing the use of electronic signatures. All rights reserved.
By Danielle Lee 8h ago Practice management Accountants expect firms to shrink headcount by 20% Fifty-two percent of accountants expect their firms to shrink in headcount by 20% in the next five years, according to a report by the Indiana CPA Society. All rights reserved. By Paige Hagy June 6 Like what you see?
EDT 1 Min Read Facebook Twitter LinkedIn Email Jody Padar, an author and speaker known as "The Radical CPA," and Katie Tolin, a growth strategist for CPAs, together launched a training and technology platform called XcelLabs. All rights reserved.
To start, ownership in a CPA firm is more expensive today than it ever has been. credentialed CPAs in America) and demand (i.e., total addressable market), the well-documented conclusions are: 75% of todays CPAs will have retired in the next decade; and, Revenue per CPA is projected to 2.7x All rights reserved.
This current business environment — exacerbated by economic uncertainty, fee pressures and the ongoing CPA talent shortage — is exposing the growing cracks in the traditional accounting model. All rights reserved. They expect strategic insights, thoughtful planning and a reliable partnership year-round.
CANADA CPA Canada and FP Canada, Toronto, signed a new memorandum of understanding to enhance collaboration between the accounting and financial planning professions, offering professional accountants who are part of CPA Canada opportunities to enhance their credentials, along with improved access to FP Canada courses and conferences.
All rights reserved. By Paige Hagy 6h ago Practice management On the move: HCVT hired CAS co-leader Grant Thornton names new CFO; CTCPA installs new board of directors; and more news from across the 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.
INDIANA The Indiana CPA Society, Indianapolis, in collaboration with CPA Crossings, released the 2025 Workforce Transformation Report, examining the future of the accounting profession amid technological change and talent challenges. All rights reserved. Read the full story.) OHIO Cohen & Co.,
CALIFORNIA Evan Staggs Evan Staggs was hired as a partner in the tax practice at Weaver, Woodland Hills. ILLINOIS Joseph Bigane Joseph Bigane III was named the recipient of the Illinois CPA Societys 2025 Lifetime Achievement Award. He became instrumental in the field of taxation, with a specific focus on state and local taxes.
In 2023, Sax merged in Schall & Ashenfarb CPAs , a firm based in New York. In 2022, Sax acquired David Weiss CPA , also in New York. All rights reserved. Will Walsh of 1LifeConsulting LLC consulted on the transaction. a firm that specializes in profit participation and entertainment accounting and is also based in Los Angeles.
Ledgre announces 'Ledgy' tax assistant for rental property owners andia-faith/andiafaith - stock.adobe.com Ledgre , an AI-driven accounting platform built for landlords and real estate investors, announced the rollout of Ledgy, a new AI tax assistant that supports the tax and bookkeeping experience for rental property owners.
You or at what point did you know you wanted to be managing partner of a CPA firm? All rights reserved. Theres vision for you as an individual and then theres vision for your firm. But lets talk a little bit about the vision for yourself. Was that always the goal or is that something that developed over time or Jeff Weiner (08:17): No?
CorporationsCorporations are separate legal entities, so they must file a corporatetax return. The forms vary depending on the type of corporation: Form 1120: It is used by C corporations, which are taxed separately from owners. Ensures maximum deductions and compliance with tax laws.
Join Blake Oliver, CPA, and Scott Hodge, President Emeritus and Senior Policy Advisor at the Tax Foundation, for an engaging and insightful webinar that delves into the complexities of tax policy as discussed in Scott's new book, "Taxocracy."
It doesn’t matter how much readiness you have achieved before the tax season, you are in any case going to be troubled and stressed. Particularly assuming you are a CPA firm, then, at that point, your degree of stress will be immense as you need to get ready tax documents of your huge customers.
Review Deductions Since the enactment of the Tax Cuts and Jobs Act, various deductions and tax rates have been altered. Understanding these alterations is crucial for optimizing tax advantages. Understanding these alterations is crucial for optimizing tax advantages.
Sole proprietorships, partnerships, corporations (C or S), and limited liability companies (LLCs) each have distinct tax implications. Sole proprietors report business income on their tax returns, while corporations face a separate corporatetax structure.
By Chris Gaetano 9h ago Accounting AICPA, NASBA recognize top CPA exam performers Eleven accountants were given the Elijah Watt Sells Award, granted to those who earn a cumulative average score above 95.50 All rights reserved. across four sections of the exam.
He’s served as a CPA, controller and CFO at different times throughout his career. Likewise, during tax season, teams need to deliver reporting and other documentation to ensure corporatetaxes are filed properly. It’s essential for accounting and finance professionals to stay up to date with tax law changes, according to Perry.
They helped with their personal taxes and their corporatetaxes. So, when I speak of this previous accountant that I'm thinking of, I actually think of my parents' accountant in my head. I think of the man that we saw on an annual basis, my parents were entrepreneurs, we went and saw him annually. He didn't expand.
Koziel added some valuable advice for firm leaders from his time working at a Buffalo-based CPA firm in the 1990s: "When I was in charge of recruiting, Id ask our partners, Is this firm the right place for your kids? All rights reserved. I encourage everyone to change the story theyre telling," she told the audience. And if its not, fix it."
Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan. All rights reserved. Jeff Stimpson Freelance writer For reprint and licensing requests for this article, click here. By Roger Russell July 2 Accounting North Carolina signs licensure changes bill into law North Carolina Gov.
Studer CPA and Michael Studer for repeat violations related to a 2019 audit. All rights reserved. Technology Artificial intelligence Accounting students Accounting education MORE FROM ACCOUNTING TODAY Audit PCAOB permanently bars repeat offender The Public Company Accounting Oversight Board sanctioned the firm Michael T.
Wolters Kluwer ( [link] ): What the shift to paperless for government payments means for tax preparers. AICPA & CIMA Insights ( [link] ): Congratulations to Chi Lam, CPA, MBA, a Ph.D. Taxjar ( [link] ): Changes in sales tax laws nationwide as of mid-year. All rights reserved.
Technology Fraud Fraud prevention Digital payments MORE FROM ACCOUNTING TODAY Practice management CPA develops tools for accountants with dentist, veterinarian clients Bassim Michael has created Practice Gauge, a cloud-based analytics platform for his fellow accountants to use with their dentistry and veterinary clients. All rights reserved.
Studer CPA and Michael Studer for repeat violations related to a 2019 audit. All rights reserved. Accounting Fraud Fraud detection MORE FROM ACCOUNTING TODAY Audit PCAOB permanently bars repeat offender The Public Company Accounting Oversight Board sanctioned the firm Michael T.
By Michael Cohn 5h ago Tax Senate passes Trump tax bill The Senate narrowly approved President Trumps tax bill after Vice President JD Vance cast a tie-breaking vote following no votes from three Republican senators. All rights reserved. By Paige Hagy 8h ago Like what you see?
By Michael Cohn 5h ago Tax Senate passes Trump tax bill The Senate narrowly approved President Trumps tax bill after Vice President JD Vance cast a tie-breaking vote following no votes from three Republican senators. All rights reserved. By Paige Hagy 8h ago Like what you see?
As has been expressed by many of our partners in state CPA societies and other professional service businesses, imposing a new limit on the deduction of state and local taxes for pass-through businesses creates unnecessary complexity and disparity in the tax code and is harmful to millions of businesses nationwide.
LLP, an independently owned and licensed CPA firm, will provide attest services, and LMC Advisors LLC will provide tax and business advisory services. All rights reserved. On Tuesday, Ascend added two other firms : BGW in Charlotte, North Carolina, and Tronconi Segarra & Associates in Williamsville, New York, effective July 1.
Here to talk about all that as well as some other developments that accountants should be paying attention to is Neil Fishman of Fishman Associates and the president of the National Association of CPA Practitioners, as well as a return guest to the podcast. All rights reserved. Neil, thanks for coming back. Its always good to be here.
Accounting Payroll DoL Employment data Recruiting MORE FROM ACCOUNTING TODAY Technology XcelLabs launches to help accountants use AI Jody Padar and Katie Tolin debuted a training and technology platform, in partnership with the Pennsylvania Institute of CPAs and CPA Crossings. All rights reserved.
By Michael Cohn 5h ago Tax Senate passes Trump tax bill The Senate narrowly approved President Trumps tax bill after Vice President JD Vance cast a tie-breaking vote following no votes from three Republican senators. All rights reserved. By Paige Hagy 8h ago Like what you see?
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