Accounting and tax articles, news, products, podcasts, and videos from CPA Practice Advisor
Top News
Small Business April 15, 2025
New Features in Intuit Enterprise Suite Ideal for Complex Clients
Intuit Enterprise Suite addresses the complex needs of quickly growing businesses, including streamlining multi-entity business journal entries and consolidated reporting.
IRS April 19, 2025
Bessent Replaces Acting IRS Commissioner in Musk Power Struggle
Treasury Secretary Scott Bessent appointed his deputy, Michael Faulkender, as the next acting chief of the IRS after reports the current leader of the agency, Gary Shapley, had been installed at the urging of Elon Musk without Bessent’s knowledge.
IRS April 18, 2025
IRS DRP 2.0 Contract Language: Would You Sign It?
Many IRS employees, who didn't take the first deferred resignation offer earlier this year, jumped at the chance to take the buyout this time around, while others have decided to ride it out, hoping they will be spared from the reduction in force plans at the tax agency.
IRS April 18, 2025
IRS Workers Whose Roles Are ‘Deemed Critical’ Get Rejected For DRP 2.0
The IRS is telling some employees who have requested to take the latest deferred resignation offer from the Department of the Treasury that they're ineligible because their positions within the tax agency are "deemed critical."
Accounting April 18, 2025
Indiana Becomes Latest State to Reform CPA Licensure Rules
Governor Michael Braun (R) signed HEA 1143 into law on April 16, 2025, making Indiana one of the first 10 states to adopt an additional pathway to CPA licensure.
Taxes April 18, 2025
Maryland Lawmakers Consider Taxing Services and Intellectual Property
Maryland needs more tax revenue. Taxing business services and/or intellectual property and media rights could help the Old Line State fill a looming $3 billion budget gap.
Taxes April 18, 2025
The Tax Law Roundup – April 2025
The Tax Law Roundup is a collection of recent sales, VAT and other transactional and business operations tax news compiled and shared with us by the transaction and business tax experts at Avalara.
Advisory April 18, 2025
After the Deadline: How CPAs Can Use Child Care Tax Credits to Deliver Year-Round Value to Business Clients
The Employer-Provided Child Care Credit (IRC §45F). It allows employers to claim up to $150,000 in annual federal tax credits for supporting Child Care.
Tax News
IRS April 19, 2025
Bessent Replaces Acting IRS Commissioner in Musk Power Struggle
Treasury Secretary Scott Bessent appointed his deputy, Michael Faulkender, as the next acting chief of the IRS after reports the current leader of the agency, Gary Shapley, had been installed at the urging of Elon Musk without Bessent’s knowledge.
IRS April 18, 2025
IRS DRP 2.0 Contract Language: Would You Sign It?
Many IRS employees, who didn't take the first deferred resignation offer earlier this year, jumped at the chance to take the buyout this time around, while others have decided to ride it out, hoping they will be spared from the reduction in force plans at the tax agency.
IRS April 18, 2025
IRS Workers Whose Roles Are ‘Deemed Critical’ Get Rejected For DRP 2.0
The IRS is telling some employees who have requested to take the latest deferred resignation offer from the Department of the Treasury that they're ineligible because their positions within the tax agency are "deemed critical."
Taxes April 18, 2025
Maryland Lawmakers Consider Taxing Services and Intellectual Property
Maryland needs more tax revenue. Taxing business services and/or intellectual property and media rights could help the Old Line State fill a looming $3 billion budget gap.
Taxes April 18, 2025
The Tax Law Roundup – April 2025
The Tax Law Roundup is a collection of recent sales, VAT and other transactional and business operations tax news compiled and shared with us by the transaction and business tax experts at Avalara.
Advisory April 18, 2025
After the Deadline: How CPAs Can Use Child Care Tax Credits to Deliver Year-Round Value to Business Clients
The Employer-Provided Child Care Credit (IRC §45F). It allows employers to claim up to $150,000 in annual federal tax credits for supporting Child Care.
IRS April 17, 2025
Trump’s Pick to Lead IRS Under Scrutiny For Latest Campaign Finance Disclosures
Billy Long, a former GOP lawmaker and President Donald Trump’s nominee for IRS commissioner, disclosed in new federal filings on Tuesday that he paid himself back using campaign donations for a $130,000 loan he made to his failed 2022 Senate campaign.
Taxes April 17, 2025
Harvard Warns of ‘Grave Consequences’ as Trump Pushes IRS Action
Harvard University pushed back against the U.S. government after President Donald Trump said the school should lose its tax-exempt status, warning that such a move would endanger its ability to carry out its mission and threaten higher education in America.
Accounting News
Small Business April 15, 2025
New Features in Intuit Enterprise Suite Ideal for Complex Clients
Intuit Enterprise Suite addresses the complex needs of quickly growing businesses, including streamlining multi-entity business journal entries and consolidated reporting.
Accounting April 18, 2025
Indiana Becomes Latest State to Reform CPA Licensure Rules
Governor Michael Braun (R) signed HEA 1143 into law on April 16, 2025, making Indiana one of the first 10 states to adopt an additional pathway to CPA licensure.
Small Business April 18, 2025
Lili Partners with eCommerce Platforms to Offer Tailored Banking and Accounting Solutions for Online Businesses
This integration provides instant access to store earnings, automated bookkeeping and tax management, and efficient international payment solutions, streamlining financial operations for growing businesses.
Accounting May 19, 2025 Sponsored
May 19 CPE Webcast: Emerging Technology for an Efficient Audit
Emerging technologies are rapidly changing auditing. From enhanced accuracy to streamlined workflows, these innovations are transforming the way CPAs and auditors work. But how can you harness the potential of these tools to stay ahead of the curve?
Accounting April 17, 2025
Accounting Class Actions Up a Skosh in 2024
For the third consecutive year, there was an increase—albeit a small one—in the number of accounting-related securities class action filings in 2024, according to a new report from Cornerstone Research.
Accounting April 17, 2025
FASB Not-for-Profit Advisory Committee Meeting Recap
The FASB Not-for-Profit (NFP) Advisory Committee (the Committee) held its semiannual meeting on Thursday, March 20, 2025. The topics discussed included the following.
Accounting April 17, 2025
Some Texas and California Counties Now Have $200 Threshold for FinCEN Reporting
Although cash transactions over $10,000 have long been reported under current law, now many transactions of as little as $200 will have to be reported in 30 ZIP Codes along the border with Mexico.
Accounting April 17, 2025
Here Are the 50 Most Prestigious Accounting Firms, According to Vault
A new ranking for 2026 from career website Vault.com is now out to remind accountants and soon-to-be accountants in college about which public accounting firms are considered the most prestigious in the U.S.
Payroll News
Payroll April 18, 2025
Social Security Administration Implements New Anti-Fraud Measures it Says Will Enhance Telephone Claim Processing
The agency says these steps will further modernize the agency’s services and strengthen program integrity
Payroll April 16, 2025
Bay Area Gen-Z Entrepreneur Uses AI to Help Job Seekers
Since its launch, Simplify has processed over 30 million job applications, saving users thousands of hours and significantly increasing their chances of landing offers.
Payroll April 15, 2025
Two-Thirds of Gen Z Feels Unprepared for Financial Future, Generational Wealth Transfer
As Baby Boomers are poised to pass down an estimated $84 trillion to younger generations by 2045, the data suggests younger generations aren’t equipped to handle it just yet.
Small Business April 15, 2025
Branch Launches New Paycard Built for the Modern Workforce
Delivered through the award-winning Branch App and Card, the new paycard offering was developed in response to growing demand across industries including hospitality, healthcare, staffing, and construction...
Payroll April 14, 2025
Top 5 Challenges Facing Entry-Level Professionals
In a survey of nearly 1,000 U.S. employees conducted by Robert Half, respondents revealed some common challenges they encountered early in their careers.
Payroll April 14, 2025
Latest Prediction Shows Social Security COLA to Increase 2.3% Next Year
The non-partisan The Senior Citizens League predicts the 2026 cost of living adjustment will be 2.3%, 0.1 percentage points higher than last month’s forecast but 0.2 percentage points lower than the last increase of 2.5%.
Payroll April 14, 2025
How to Build a Robust Pipeline of Accounting Talent for Your CPA Firm
CPA firms that lack a strong talent pipeline risk understaffing, overworking existing employees and potentially losing business to competitors with workforces better prepared to take on new challenges.
IRS April 11, 2025
IRS Probationary Employees Told Not to Come Back to Work on April 14 After All
Thousands of newer IRS workers—told to return to their jobs on April 14 after being laid off by the Trump administration in February but reinstated and put on paid administrative leave in March—will remain on leave after two court decisions this week paused plans to bring them back to the office.
Technology News
Accounting May 19, 2025 Sponsored
May 19 CPE Webcast: Emerging Technology for an Efficient Audit
Emerging technologies are rapidly changing auditing. From enhanced accuracy to streamlined workflows, these innovations are transforming the way CPAs and auditors work. But how can you harness the potential of these tools to stay ahead of the curve?
Firm Management April 18, 2025
Review and Interview with SafeSend – The Accounting Technology Lab Podcast – April 2025
In this video and podcast, Randy Johnston and Brian Tankersley, CPA, discuss Thomson Reuters SafeSend. Watch the video, listen to the audio podcast below, or read the transcript.
Firm Management April 17, 2025
Experiences 2025 – Agentic AI – Part 2 Implementation
Agentic AI is poised to significantly impact Public Accounting. Firms must adopt the right tools, governance strategies, and implementation approaches to successfully integrate Agentic AI into public accounting.
Technology April 17, 2025
Quadient Recognized in Analyst Report on Top AI Use Cases for Finance Automation
Manual AR, AP and invoice processes lead to inefficiencies, compliance risks, payment delays and increased vulnerability to fraud.
Taxes April 16, 2025
IRS Direct File Likely to Be Shut Down After This Year
The Trump administration is reportedly planning to pull the plug on IRS Direct File, the free online service that allows many taxpayers to file their tax returns directly with the agency.
Accounting April 16, 2025
Sage and Wipfli Team Up for New Tech Innovations for Healthcare
Sage Intacct Clinical eProcurement and Sage Intacct EMRConnect were developed in partnership with Wipfli and are designed to address the unique needs of healthcare finance leaders.
Technology April 16, 2025
AI Data Centers Could Spike Power Bills for Consumers
In many places, a sharp uptick in power demand has been driven by data centers, the industrial buildings that house huge banks of computer servers and support our increasingly digital society.
Accounting April 15, 2025
Auditors Once Feared AI Would Take Their Jobs, Now They Need it to Save the Profession
The widespread growth of GenAI-powered tools for audit firms has made it possible to scale quickly. For firms that have not yet committed to adapting, however, the performance gap with firms that have will soon start to reveal itself.
Firm Management News
Accounting April 18, 2025
Indiana Becomes Latest State to Reform CPA Licensure Rules
Governor Michael Braun (R) signed HEA 1143 into law on April 16, 2025, making Indiana one of the first 10 states to adopt an additional pathway to CPA licensure.
Accounting May 19, 2025 Sponsored
May 19 CPE Webcast: Emerging Technology for an Efficient Audit
Emerging technologies are rapidly changing auditing. From enhanced accuracy to streamlined workflows, these innovations are transforming the way CPAs and auditors work. But how can you harness the potential of these tools to stay ahead of the curve?
Firm Management April 18, 2025
Review and Interview with SafeSend – The Accounting Technology Lab Podcast – April 2025
In this video and podcast, Randy Johnston and Brian Tankersley, CPA, discuss Thomson Reuters SafeSend. Watch the video, listen to the audio podcast below, or read the transcript.
Firm Management April 17, 2025
Experiences 2025 – Agentic AI – Part 2 Implementation
Agentic AI is poised to significantly impact Public Accounting. Firms must adopt the right tools, governance strategies, and implementation approaches to successfully integrate Agentic AI into public accounting.
Accounting April 17, 2025
Here Are the 50 Most Prestigious Accounting Firms, According to Vault
A new ranking for 2026 from career website Vault.com is now out to remind accountants and soon-to-be accountants in college about which public accounting firms are considered the most prestigious in the U.S.
Firm Management April 16, 2025
Third Annual State of Accounting Workflow and Automation Report Released
The 2025 report provides a detailed analysis of the most significant workflow challenges that emerged in 2024, emphasizing the ongoing issues with workflow inefficiencies.
Accounting April 16, 2025
Survey of Massachusetts CPAs Reveals Outmigration, Workforce Strains and Urgent Need for Tax Reform
The report analyzes insights from nearly 200 CPAs representing approximately 4,600 high-income clients and dozens of in-state business leaders, offering a critical pulse on the tax, workforce and business trends.
Accounting April 15, 2025
13 is Not an Unlucky Number For PwC
For the 13th consecutive year, PwC was named the top accounting firm in the U.S., according to the latest ranking of the best 25 firms to work for in 2026 from Vault.
Webinars
May 19, 2025
May 19 CPE Webcast: Emerging Technology for an Efficient Audit
Emerging technologies are rapidly changing auditing. From enhanced accuracy to streamlined workflows, these innovations are transforming the way CPAs and auditors work. But how can you harness the potential of these tools to stay ahead of the curve?
March 19, 2025
LeaseCrunch to Host Webinar on Financial Due Diligence in M&A
The webcast will share practical strategies for streamlining financial due diligence workflows, especially through automation.
March 26, 2025
Archived Webcast: Helping Clients Set Up Their Remote Employees
Many businesses have team members across state lines, and you may have clients with remote employees in other states. Payroll can get confusing and tricky in these situations.
February 26, 2025
Archived Webcast: S Corporation Election Considerations for Corporations and LLCs
S Corporation elections are popular among Corporation and LLC owners due to various advantages. With the election deadline approaching in March, it is a great time to get refreshed on this popular election to help advise your clients.