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EDT 1 Min Read Facebook Twitter LinkedIn Email Andrew Harrer/Bloomberg Tax year 2026 and filing season 2027 are the target date for retiring the Filing Information Returns Electronic, or FIRE, system. All rights reserved.
I said, I can fix this; Im a CPA — this is what I do. 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. I fix things. For the next two years, I left it up to me," he said.
By Michael Cohn 5h ago Audit Climate risk could slash earnings 7% by 2035 Extreme weather events like wildfires and hurricanes could drop corporate earnings up to 7.3% All rights reserved. by 2035, KPMGs 2025 Futures Report found. across four sections of the exam.
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.
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?
By Chris Gaetano July 9 Practice management Franklin Alliance acquires second firm The PE-alternative Franklin Alliance acquired Robert Morris & Company in New Bloomfield, Pennsylvania, as it aims to create a platform of local CPA firms. 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. All rights reserved. Mindset is paramount. Think — plan — grow!
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. Taxjar ( [link] ): July sales tax due dates. The Sales Tax People ( [link] ): Whats up with subscription services and sales tax?
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.
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.
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. 1, 2024; and CPA Walter W. Tuggle, Duluth, indefinite from March 18, 2025; CPA William B. Oregon: CPA Peter J.
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. Institute on Taxation and Economic Policy ( [link] ): How much would every family in every state have gotten if OBBBAs tax cuts had been evenly divided?
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.
Audit Accounting education Accounting students Deloitte MORE FROM ACCOUNTING TODAY Tax IRS enforcement efforts hit by cutbacks The IRSs progress in improving tax compliance in recent years has been threatened by cuts in funding and hiring, according to a new report. All rights reserved. By Richard Chambers July 18, 2025, 11:54 a.m.
By Michael Cohn 31m ago Practice management On the move: Whitley Penn names global talent partner Indiana CPA Society awards $24,550 in scholarships; Weaver and Herbein + Co. All rights reserved. relocate offices; and more news from across the profession.
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.
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 By Michael Cohn July 22 Audit PCAOB revokes Hong Kong firm's registration The Public Company Accounting Oversight Board sanctioned Centurion ZD CPA & Co.
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.
The announcement was made at Sage Future, the companys flagship global customer event, held this week in Atlanta. All rights reserved. Small business accounting platform Xero announced that users who have an account with payments company Stripe can now use Tap To Pay on iPhone, enabling Xero customers in the U.S.
By Chris Gaetano July 9 Practice management Franklin Alliance acquires second firm The PE-alternative Franklin Alliance acquired Robert Morris & Company in New Bloomfield, Pennsylvania, as it aims to create a platform of local CPA firms. 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.
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. 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. Washington, D.C.:
Practice management M&A Georgia MORE FROM ACCOUNTING TODAY Tax IRS enforcement efforts hit by cutbacks The IRSs progress in improving tax compliance in recent years has been threatened by cuts in funding and hiring, according to a new report. All rights reserved. relocate offices; and more news from across the profession.
In May, Armanino expanded into Utah by adding Cooper Savas LLC , a CPA firm based in Salt Lake City. All rights reserved. Following the deal, Armanino adopted an alternative practice structure. In February of this year, Armanino acquired Boca Raton, Florida-based ERP and technology consulting firm Complete Business Solutions.
As is common with PE deals, Sax will restructure to accommodate the investment, providing attest services through Sax LLP, a licensed CPA firm, and advisory, consulting and other professional services through Sax Advisory Group. Sax is in discussions with three other CPA firms and three wealth management firms. All rights reserved.
Practice management M&A MORE FROM ACCOUNTING TODAY Tax IRS enforcement efforts hit by cutbacks The IRSs progress in improving tax compliance in recent years has been threatened by cuts in funding and hiring, according to a new report. All rights reserved. relocate offices; and more news from across the profession.
If an online shipping company can inject that much personality into something as mundane as postage, whats stopping CPA firms from doing the same? Personality is a differentiator, not a liability Clients dont just hire CPA firms for tax prep or financial statements. Here are five ways CPA firms can embrace that idea: 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.
EDT 6 Min Read Facebook Twitter LinkedIn Email Big rigged; fearsome foursome; NYPD blue; and other highlights of recent tax cases. Paramus, New Jersey: CPA Ofer Gabbay has pleaded guilty to conspiring to defraud the U.S. by promoting fraudulent tax shelters to high-income clients. All rights reserved.
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."
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.
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?
EDT 3 Min Read Facebook Twitter LinkedIn Email Preparing for OBBBA; your firm: the next generation; courage and foolishness; and other highlights from our favorite tax bloggers. Josh Stein signed into law a bill that adds an additional pathway to CPA licensure, effective Jan. All rights reserved. By Paige Hagy July 2 Like what you see?
Tax Finance, investment and tax-related legislation Tariffs 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.
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.
EDT 3 Min Read Facebook Twitter LinkedIn Email Department of Justice clipped; seven years of Wayfair; the true reason to change the Internal Revenue Code; and other highlights from our favorite tax bloggers. Wolters Kluwer ( [link] ): What the shift to paperless for government payments means for tax preparers. 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?
Bartlett, Pringle & Wolf BeachFleischman Berndt CPA BGW Blackman & Sloop Advisors Bland Garvey Blueprint CFO BMSS Family Of Companies Booth Management Consulting Bormel, Grice & Huyett Bowman and Co. All rights reserved. The 2025 list is made up of 100 firms (in alphabetical order and unranked): ATKG Advisors B.A.
899; IRMMA tactics; and other highlights from our favorite tax bloggers. By Michael Cohn 5h ago Audit Climate risk could slash earnings 7% by 2035 Extreme weather events like wildfires and hurricanes could drop corporate earnings up to 7.3% All rights reserved. by 2035, KPMGs 2025 Futures Report found.
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.
His generosity and his desire to help his fellow CPAs and accountants are prime examples of what make accounting great. All rights reserved. Read more: See a selection of Eds top columns. ) Ed is, of course, far from the only example of accountants giving back.
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