Accounting and tax articles, news, products, podcasts, and videos from CPA Practice Advisor
Top News
Accounting February 17, 2025
Voting Opens for 2025 Readers’ Choice Awards
Voting in the 2025 Readers’ Choice Awards is now open. Each year, readers get the opportunity to show their support for the programs, hardware, services, and other technologies they use and trust.
General News March 22, 2025
Social Security Head Calls Off Shutting Agency After Court Order
Zoe TillmanBloomberg News(TNS) WASHINGTON — The acting head of the Social Security Administration retreated from his threat to shut down the office after a federal judge said an order restricting data access for Elon Musk and his cost-cutting team doesn’t apply to agency employees. In a letter released Friday, U.S. District Judge Ellen Hollander said...…
General News March 22, 2025
Federal Judge Says 25,000 Workers Can Keep Jobs for Now
The Trump administration must continue to comply with a Maryland judge’s order to temporarily reinstate almost 25,000 fired employees at 18 U.S. agencies for at least another week, a federal appeals court held.
Mergers and Acquisitions March 21, 2025
Rehmann to Merge in Kmetz, Elwell, Graham & Associates
The Troy, MI-based top 40 accounting firm is expanding in Florida by combining with Vero Beach-based CPA firm Kmetz, Elwell, Graham & Associates, effective June 1.
Accounting March 21, 2025
After $1.8B Accounting Error, Senate Report Likely to Suggest Removal of South Carolina’s Treasurer
South Carolina Senate Finance Committee members investigating a $1.8 billion accounting error on the state’s books will likely recommend Treasurer Curtis Loftis be removed from office for willful neglect of duty.
General News March 21, 2025
Accountant Used Stolen Identity to Embezzle $1 Million From Fresno Fruit Company, DOJ Says
Sergio Zacarias Lopez, 57, was charged with bank fraud, aggravated identity theft and illegal re-entry of a removed alien, according to the Justice Department.
Accounting March 21, 2025
Los Angeles Faces $1 Billion Budget Hole, Warns of Layoffs
Los Angeles is facing a projected deficit of nearly $1 billion in the next fiscal year as the city grapples with the aftermath of historic wildfires and a deep decline in revenue.
Accounting March 21, 2025
The Latest End-User Technology for Q1 2025 – The Accounting Technology Lab Podcast – March 2025
In this video and podcast, Randy Johnston and Brian Tankersley, CPA, discuss the latest innovations in technology that they've seen so far this year at CES and other trade shows and conferences. Watch the video, or listen to the audio podcast.
Tax News
General News March 21, 2025
Is Homeland Security Using IRS Agents to Help with Deportations?
The news that the Department of Homeland Security has pressured the Internal Revenue Service to help with immigration enforcement actions has stirred up more concerns of potential mass deportations in Fresno and the Central Valley.
IRS March 20, 2025
IRS Probationary Employees Who Were Laid Off Get Reinstated—But Put on Paid Leave
"You are being reinstated to your previous position immediately," an email to fired IRS probationary workers said. "While you are being reinstated to federal service, you are also being placed on Administrative Leave. You should not report to duty or perform any work until receiving further guidance."
IRS March 20, 2025
IRS Acting Chief Counsel William Paul Demoted in Favor of Trump Ally
New acting chief counsel Andrew De Mello, an IRS attorney, was nominated by President Trump during his first term in the White House to be inspector general of the Education Department but wasn't confirmed.
Taxes March 20, 2025
Trump Administration Confirms It Will Ask IRS for Information on Undocumented Taxpayers
The Trump administration acknowledged on March 19 in federal court that it is seeking confidential information from the IRS on immigrants, which could result in the deportation of undocumented immigrants.
Taxes March 19, 2025
5 Top Trending Tax Questions During the 2025 Filing Season
Cryptocurrency gains, remote work tax implications, and NFT reporting rules are among the many topics taxpayers are asking accountants questions about this tax season, according to new data from expert platform JustAnswer.
Taxes March 19, 2025
Child Tax Credits, a Longtime Liberal Priority, Find Favor in Republican States
If an Indiana or Ohio bill passes, it would mark the first time a GOP-led state implemented a refundable child tax credit.
Taxes March 18, 2025
Michigan House OKs Cut to State’s Personal Income Tax Rate
The Michigan House on Tuesday voted 65-43 to lower the state's income tax rate from 4.25% to 4.05%, with several Democratic lawmakers joining Republicans in support of the measure.
Taxes March 18, 2025
Gen Zers and Millennials Panic the Most About Taxes, Survey Finds
A new survey from CNET reveals that 44% of tax filers have anxieties and fears about filing their taxes, with Gen Z and millennials freaking out the most at 51% and 48%, respectively.
Accounting News
Accounting February 17, 2025
Voting Opens for 2025 Readers’ Choice Awards
Voting in the 2025 Readers’ Choice Awards is now open. Each year, readers get the opportunity to show their support for the programs, hardware, services, and other technologies they use and trust.
Mergers and Acquisitions March 21, 2025
Rehmann to Merge in Kmetz, Elwell, Graham & Associates
The Troy, MI-based top 40 accounting firm is expanding in Florida by combining with Vero Beach-based CPA firm Kmetz, Elwell, Graham & Associates, effective June 1.
Accounting March 21, 2025
After $1.8B Accounting Error, Senate Report Likely to Suggest Removal of South Carolina’s Treasurer
South Carolina Senate Finance Committee members investigating a $1.8 billion accounting error on the state’s books will likely recommend Treasurer Curtis Loftis be removed from office for willful neglect of duty.
General News March 21, 2025
Accountant Used Stolen Identity to Embezzle $1 Million From Fresno Fruit Company, DOJ Says
Sergio Zacarias Lopez, 57, was charged with bank fraud, aggravated identity theft and illegal re-entry of a removed alien, according to the Justice Department.
Accounting March 21, 2025
Los Angeles Faces $1 Billion Budget Hole, Warns of Layoffs
Los Angeles is facing a projected deficit of nearly $1 billion in the next fiscal year as the city grapples with the aftermath of historic wildfires and a deep decline in revenue.
Accounting March 21, 2025
The Latest End-User Technology for Q1 2025 – The Accounting Technology Lab Podcast – March 2025
In this video and podcast, Randy Johnston and Brian Tankersley, CPA, discuss the latest innovations in technology that they've seen so far this year at CES and other trade shows and conferences. Watch the video, or listen to the audio podcast.
Technology March 20, 2025
Why Communication is an Overlooked Factor in Accounting Software Implementation
When designing accounting software, communication is a major factor, and it is no less true when it comes to its implementation.
Accounting March 20, 2025
Dext Announces Record Growth, Enhanced Platform, and Partnership with Square
Dext, a provider of bookkeeping automation and part of the IRIS Software Group, has announced its strongest year of growth driven by strong customer adoption, strategic partnerships and innovative product enhancements.
Payroll News
General News March 22, 2025
Federal Judge Says 25,000 Workers Can Keep Jobs for Now
The Trump administration must continue to comply with a Maryland judge’s order to temporarily reinstate almost 25,000 fired employees at 18 U.S. agencies for at least another week, a federal appeals court held.
General News March 21, 2025
Trump Administration Says Court Ruling on DOGE Could Shut Down or Delay Social Security
The Trump administration is threatening to all but shut down the Social Security Administration in response to a judge’s ruling blocking activities by Elon Musk’s Department of Government Efficiency — an action that could delay payments to millions of beneficiaries caught in the middle of the legal battle.
IRS March 20, 2025
IRS Probationary Employees Who Were Laid Off Get Reinstated—But Put on Paid Leave
"You are being reinstated to your previous position immediately," an email to fired IRS probationary workers said. "While you are being reinstated to federal service, you are also being placed on Administrative Leave. You should not report to duty or perform any work until receiving further guidance."
Payroll March 20, 2025
Musk Says Targeting Social Security and Medicare Fraud are Key Focus for Cuts
Trump repeated that pledge to Fox News’ "Sunday Morning Futures," saying that he wouldn’t reduce legitimate entitlement benefits but would go after improper payments.
General News March 19, 2025
Fed Holds Interest Rates Steady, Sees Slower Growth and Higher Inflation
Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, though they telegraphed expectations for slower economic growth and higher inflation.
Payroll March 19, 2025
Social Security to Require Identity Checks in Fraud Crackdown
The Social Security Administration will add new procedures requiring beneficiaries to prove their identity before claiming benefits or changing their direct deposit instructions, as part of an effort to crack down on fraud.
Payroll March 19, 2025
Survey: You’re More Likely to Get a Raise if You Learned About Money as a Kid
Financial experts advise parents to initiate money conversations with their children as early as possible to normalize financial learning and planning.
Small Business March 19, 2025
4 Tips for Starting a Side Hustle at Any Age
When it comes to launching a side hustle after years of experience in the working world, you have a choice: Either start your own business or join an existing side hustle platform that matches people with opportunities.
Technology News
Accounting February 17, 2025
Voting Opens for 2025 Readers’ Choice Awards
Voting in the 2025 Readers’ Choice Awards is now open. Each year, readers get the opportunity to show their support for the programs, hardware, services, and other technologies they use and trust.
Accounting March 21, 2025
The Latest End-User Technology for Q1 2025 – The Accounting Technology Lab Podcast – March 2025
In this video and podcast, Randy Johnston and Brian Tankersley, CPA, discuss the latest innovations in technology that they've seen so far this year at CES and other trade shows and conferences. Watch the video, or listen to the audio podcast.
Technology March 20, 2025
Why Communication is an Overlooked Factor in Accounting Software Implementation
When designing accounting software, communication is a major factor, and it is no less true when it comes to its implementation.
Accounting March 20, 2025
Acumatica Product Update Focused on Performance, Resiliency and Growth
This latest update furthers Acumatica’s commitment to drive ERP modernization beyond strictly back-office functions to become a comprehensive strategic business platform.
Accounting March 19, 2025
SAP Debuts Joule in SAP Concur Solutions at SAP Concur Fusion 2025
SAP is embedding its generative AI Copilot Joule into SAP Concur solutions, bringing the portfolio one step closer toward a fully automated travel and expense management process.
Accounting March 18, 2025
Experiences 2025 – Agentic AI – Part 1: Opportunity
Agentic AI refers to artificial intelligence systems that operate autonomously and can perceive, reason, plan, and take action to pursue goals.
Technology March 18, 2025
FlexTecs Updates AI Solution to Automate Supplier Reconciliation
Initially introduced with a focus on payment error prevention, FlexTrap has now expanded into a fully extensible platform, introducing supplier statement reconciliation to further reduce financial leakage and improve financial operations.
Technology March 17, 2025
Boost Payment Solutions Teams with TransferMate to Expand Cross-Border Payment Capabilities
The collaboration combines Boost’s cross-border payment solution, Boost 100XB, with TransferMate’s globally regulated payments infrastructure to help increase industry-wide commercial card usage and adoption.
Firm Management News
Mergers and Acquisitions March 21, 2025
Rehmann to Merge in Kmetz, Elwell, Graham & Associates
The Troy, MI-based top 40 accounting firm is expanding in Florida by combining with Vero Beach-based CPA firm Kmetz, Elwell, Graham & Associates, effective June 1.
Accounting March 20, 2025
Professionals on the Move – March 20, 2025
Professionals on the Move is a collection of recent promotion, hiring and other staffing announcements from around the profession.
Accounting March 19, 2025
How Accounting Firms Can Use B-Roll Footage for Marketing
While talking-head videos and webinars are common, B-roll footage—supplementary clips that enhance storytelling—can significantly improve video effectiveness.
Staffing March 18, 2025
Why the Return of 5 Days in the Office is Unlikely for Many Workers
The reasons for such arrangements often revolve around work-life balance: Employees have better ability to pick up kids from school, care for an aging parent and more when they can physically be anywhere and don’t have to deal with commuter traffic.
Accounting March 18, 2025
Experiences 2025 – Agentic AI – Part 1: Opportunity
Agentic AI refers to artificial intelligence systems that operate autonomously and can perceive, reason, plan, and take action to pursue goals.
Accounting March 17, 2025
State CPA Societies Nationwide Inspire Thousands of Students to Explore a Career in Accounting
This year, 44 participating state CPA societies sent more than 1,200 volunteer accounting professionals to 895 schools across the country.
Small Business March 17, 2025
Southwest Airlines Will Start Charging for Checked Baggage … And Assigned Seats
What makes Southwest Airlines different? Not much anymore. Starting May 28, flyers will have to pay extra for baggage, assigned seats and other items, just like every other airline.
Accounting March 14, 2025
6 State CPA Society Leaders Address CPA Licensure Requirement Changes
As leaders of state CPA societies across the country, we want to set the record straight and provide clarity on what these changes mean for the profession and its future.
Webinars
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
CPE Webcast – Mar. 26, 2025: 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.
January 29, 2025
Archived Webcast: New Year, New Legal Entity
Clients just starting out need insight on which legal structure to select for their business. Seasoned entrepreneurs may need insight as their company grows and the entity once selected may not be as advantageous as it once was. The New Year is an ideal time to get a refresh on business entity options for your…