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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. The IRS is encouraging tax preparers to complete their IRIS applications to begin transitioning for the 2027 season.
I said, I can fix this; Im a CPA — this is what I do. Paradoxically, vulnerability had given him back control — but it also opened up a whole set of questions about his professional career, including his role as managing partner of Tri-Merit Specialty Tax Services (a tax advisory firm that also hosts Bridging the Gap). "I
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. Indiana: CPA Michael M.
How to Become a Certified Tax Preparer in Canada Ever wonder how you could become a tax preparer in Canada? Becoming a certified tax preparer could be your ticket to steady work, flexible hours, and helping people make sense of their finances (and maybe even save them some money). What does a tax preparer do in Canada?
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.
By Daniel Hood 35m ago Technology Instead adds AI-driven tax reports The reports harness artificial intelligence to analyze full tax returns to glean tax strategies and missed opportunities. All rights reserved. Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S.
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.
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.
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.
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? All rights reserved. Yet, in many areas, accounting education stubbornly clings to outdated, overly technical models that fail to connect with the actual demands of the market.
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. Another feature will auto-redact client information on upload.
Accounting Technology Fraud prevention Fraud MORE FROM ACCOUNTING TODAY Practice management BDO names Matt Becker next CEO Matthew Becker, BDO USAs national managing principal of tax, has been ratified by a principal-wide vote to succeed Wayne Berson as the firms next CEO, effective July 1, 2026. 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. 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.
10 careers for people with a bachelor's degree in accounting Actuary Skills you'll need for a career related to accounting Consider a tax preparation career with Intuit A bachelors in accounting is a 4-year degree program that equips you with essential skills for a career in finance. Why choose a career in accounting?
These events bring together top minds in tax, audit, and financial technology, offering insights that can shape the future of your career. The best events deliver real value—through CPE credits, hands-on training, or connections that can take your career to the next level. This list covers major in-person and virtual events.
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.
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.
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."
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.
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.
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.
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 Jeff Stimpson June 12 Like what you see?
Firms may hire consultants to restructure tax strategies, helping clients stay compliant while reducing liabilities. If a company is expanding internationally, a consultant might step in to assess cross-border tax implications and protect the bottom line. How will a shift in tax policy impact long-term goals?
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.
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.
To start, ownership in a CPA firm is more expensive today than it ever has been. 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. All rights reserved. Heres a crash course.
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.
Platform Accounting expands in Chicago Platform Accounting Group building in Holladay, Utah Platform Accounting Group has added Madison Street Advisors, formerly known as McCormick Tax Group, based in downtown Chicago, extending Platforms footprint in the Midwest. All rights reserved.
Podcast Episode Round-Up In this episode of the Growing Your Firm podcast, David Cristello welcomes Dawn Goldberg , a seasoned CPA and a Certified Professional Coach. Dawn Goldberg is a CPA, Certified Professional Coach, and author who helps accountants eliminate stress from their professional lives. Then Dawn has solutions for you!
Meeting tax deadlines. You must also cover benefits, payroll taxes, office space, equipment, software licenses, and ongoing training. Professional accounting firms employ specialists in various areas including tax planning, financial analysis, compliance, and industry-specific regulations. Tracking expenses.
Stephen Berman and Ronald Green are joining Andersen as managing directors along with their team of tax professionals. He will be joined by Peter Speranza, also from Chicago, who will expand the business services practice while focusing on integrated tax strategies for commercial clients. All rights reserved.
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.
The need for outsourced services, especially in complex areas of finance, payroll, human resources, tax, fund administration and nonprofit strategic development outsourcing, is only growing, and this combination allows us to expand our outsourced finance offerings and scale faster to meet this major need." All rights reserved.
You read accounting books, plus news stories on tax issues and pending regulations. Want to learn more about how to develop consistent CPA pipeline? The Best Accounting Podcasts (Packed With Great Episodes) Here are some of the best accounting podcasts to queue up – whether you’re studying for your CPA exam or growing your own firm.
RMH reports revenue of $9 million, offering tax, assurance and outsourced accounting services to small to midsized businesses in healthcare, manufacturing, real estate and nonprofit sectors in the Houston market. All rights reserved. relocate offices; and more news from across the profession.
Other examples of responsibilities which should be defined include gathering statements, interacting with the client’s CPA, and handling financial matters. However, in the event a client sues you for non-performance, having an engagement letter can help you make your case. Classifying all transactions according to your business needs.
They also examine concerns about IRS Commissioner nominee Billy Long's credentials, including his "Certified Tax and Business Advisor" designation from a three-day seminar.
As youve probably heard, theres a lot going on on the tax front in Washington, D.C., Its got a host of tax provisions and some other provisions that could affect their profession in it as well. All rights reserved. Im editor-in-chief Dan Hood. as we record this. 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. Union City, Georgia: Truck driver Dantavious Jackson, 39, who operated a ghost tax prep business, has pleaded guilty to making claims for refunds of false pandemic-related employment tax credits.
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.
The tax agency was able to make it through the spring filing season with service levels that were relatively consistent with previous years — but that may not be true in the fall, Koziel warned, as retirements and layoffs that were delayed to help the service make it through April 15 have gone into effect. "I All rights reserved.
She collaborates with CPA firms seeking QuickBooks Online (QBO) experts and supports peers eager to master the trade.
It opens doors to partnerships with CPA firms and business owners seeking trusted QuickBooks guidance.
When analyzing lease classifications, fund reporting or tax basis issues, students must turn to official sources: the FASB Accounting Standards Codification, the GASB Codification or the Internal Revenue Code. Studer CPA and Michael Studer for repeat violations related to a 2019 audit. All rights reserved.
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