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.
Taxes March 15, 2025
Trump Signs Short Term Spending Bill to Avoid Government Shutdown
President Donald Trump signed a stopgap funding bill that will keep the government open for the remainder of the fiscal year, paving the way for Republican lawmakers to pivot to signature border and tax bills they seek to pass in the coming months.
General News March 14, 2025
Senate Passes 6-Month Bill to Avert Federal Government Shutdown
A six-month stopgap funding bill cleared the Senate on Friday after enough Democrats crossed the aisle to vote to end debate, defying intense pressure from the left wing of their party.
Payroll March 14, 2025
RMDs Must Start by April 1 for Retirees Over 73
In most cases, retirees who turned 73 in 2024 must begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans by Tuesday, April 1, 2025.
Taxes March 14, 2025
Trump Mulls Eliminating Taxes for People Who Earn Less Than $150,000
In a Tuesday night CBS interview with U.S. Commerce Secretary Howard Lutnick, the federal official stated President Trump hopes to eliminate taxes for people who earn less than $150,000 a year.
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.
Taxes March 14, 2025
Oz Reportedly Underpaid Social Security and Medicare Taxes in 2022 and 2023
President Trump's pick to lead the Centers for Medicare and Medicaid Services, Dr. Mehmet Oz, is set to have his confirmation hearing before senators on Friday, a day after reports surfaced that he may have “significantly” underpaid Social Security and Medicare taxes in recent years.
Taxes March 14, 2025
Is a Vacation Home Out of Your Client’s Reach, Or a Good Investment?
Summer is approaching and it seems vacation homes are falling out of favor with homebuyers, according to a recent report from the real estate company Redfin.
Tax News
Taxes March 15, 2025
Trump Signs Short Term Spending Bill to Avoid Government Shutdown
President Donald Trump signed a stopgap funding bill that will keep the government open for the remainder of the fiscal year, paving the way for Republican lawmakers to pivot to signature border and tax bills they seek to pass in the coming months.
Taxes March 14, 2025
Trump Mulls Eliminating Taxes for People Who Earn Less Than $150,000
In a Tuesday night CBS interview with U.S. Commerce Secretary Howard Lutnick, the federal official stated President Trump hopes to eliminate taxes for people who earn less than $150,000 a year.
Taxes March 14, 2025
Oz Reportedly Underpaid Social Security and Medicare Taxes in 2022 and 2023
President Trump's pick to lead the Centers for Medicare and Medicaid Services, Dr. Mehmet Oz, is set to have his confirmation hearing before senators on Friday, a day after reports surfaced that he may have “significantly” underpaid Social Security and Medicare taxes in recent years.
Taxes March 14, 2025
Is a Vacation Home Out of Your Client’s Reach, Or a Good Investment?
Summer is approaching and it seems vacation homes are falling out of favor with homebuyers, according to a recent report from the real estate company Redfin.
Taxes March 14, 2025
Staying In Step with Irrevocable Life Insurance Trusts
Wealthy individuals often set up an irrevocable life insurance trust (ILIT) to avoid federal estate tax on large insurance policies. But a small misstep could lead to a tax disaster.
IRS March 13, 2025
Tax Refund Schedule 2025 – With One Month Left, When Will Refunds Come?
This article includes a handy reference chart to estimate when you may receive your 2025 income tax refund. The author received his in under 10 days.
Income Tax March 13, 2025
Online Tax Advice Can Lead to IRS Trouble and Criminal Charges
The IRS has long warned taxpayers of scams targeting them and their personal and financial data, particularly around tax season.
Taxes March 13, 2025
Navigating Form 6765: What CPAs Must Know for R&D Tax Compliance
By staying ahead of the recent changes the IRS made to Form 6765, accountants and other tax professionals can help businesses maximize their R&D credits while minimizing the risk of IRS audits and compliance issues.
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.
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.
Accounting March 14, 2025
BlackLine Announces 2024 Partner Award Winners, Recognizing Excellence in Digital Finance Transformation
BlackLine has introduced two new distinctions—Growth Accelerator and Innovation—to spotlight partners making transformative contributions to customer growth and digital finance innovation.
Auditing March 13, 2025
PCAOB Releases New Resource for Auditors on Form AP
The Public Company Accounting Oversight Board posted the newest edition of its "Audit Focus" series, this time putting the spotlight on Form AP, which registered accounting firms are required to file to disclose key information specific to the audit.
Technology March 13, 2025
Review of Zoho’s Platform for Finance and Ops – The Accounting Technology Lab Podcast – March 2025
In this video and podcast, Randy Johnston and Brian Tankersley, CPA, review Zoho's platform for finance and operations in their roundup of AI systems for accounting firms.
Taxes March 13, 2025
Navigating Form 6765: What CPAs Must Know for R&D Tax Compliance
By staying ahead of the recent changes the IRS made to Form 6765, accountants and other tax professionals can help businesses maximize their R&D credits while minimizing the risk of IRS audits and compliance issues.
Small Business March 13, 2025
Intuit QuickBooks Offers Two New Options for Fast, Secure Payments
There’s no better feeling than getting paid quickly and seeing the money in a snap. Intuit introduces Tap to Pay and Recurring Payments features for iPhone users.
Accounting 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.
Payroll News
Payroll March 14, 2025
RMDs Must Start by April 1 for Retirees Over 73
In most cases, retirees who turned 73 in 2024 must begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans by Tuesday, April 1, 2025.
Taxes March 14, 2025
Oz Reportedly Underpaid Social Security and Medicare Taxes in 2022 and 2023
President Trump's pick to lead the Centers for Medicare and Medicaid Services, Dr. Mehmet Oz, is set to have his confirmation hearing before senators on Friday, a day after reports surfaced that he may have “significantly” underpaid Social Security and Medicare taxes in recent years.
Payroll March 14, 2025
Judge Orders Federal Agencies to Reverse Layoffs
A federal judge in California on March 13 ordered six agencies to reinstate the employment of probationary employees who were fired by the Trump administration.
Payroll March 13, 2025
U.S. Jobless Claims Edge Down to Near Pre-Pandemic Levels
Initial claims decreased by 2,000 to 220,000 in the week ended March 8, remaining roughly in line with pre-COVID levels.
Small Business March 12, 2025
Egg Prices Start to Drop as Consumers Cut Back Demand
U.S. egg prices are finally showing signs of relief after a nearly 60% surge over the past year has made shoppers reluctant to buy.
Payroll March 12, 2025
Social Security Resumes Policy for Collecting Benefits Paid in Error
The Social Security Administration said it was acting in the interest of fiscal responsibility. Advocates for Social Security beneficiaries described the action as cruel and harmful.
Payroll March 12, 2025
How to Survive a Period of Unemployment
Going without income as a result of unemployment creates financial stress, but there are ways to make it a little bit easier.
Payroll March 12, 2025
More Than 1 in 3 Americans Have Faced a Financial Scam or Fraud in the Past Year, Survey Finds
The latest Bankrate Financial Fraud Survey reveals that about 1 in 3 U.S. adults (34%) have experienced financial fraud or a scam in the past 12 months, since January 2024. Among them, nearly 2 in 5 (37%) lost money.
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 14, 2025
BlackLine Announces 2024 Partner Award Winners, Recognizing Excellence in Digital Finance Transformation
BlackLine has introduced two new distinctions—Growth Accelerator and Innovation—to spotlight partners making transformative contributions to customer growth and digital finance innovation.
Technology March 13, 2025
Review of Zoho’s Platform for Finance and Ops – The Accounting Technology Lab Podcast – March 2025
In this video and podcast, Randy Johnston and Brian Tankersley, CPA, review Zoho's platform for finance and operations in their roundup of AI systems for accounting firms.
Taxes March 13, 2025
Tax-Related Scams Set to Increase as April 15 Filing Deadline Nears
If the last month before Tax Day this year is anything like the last few weeks of tax season 2024, expect a significant surge in tax-related scams as cybercriminals try to exploit unsuspecting taxpayers, warns security software company DNSFilter.
Small Business March 13, 2025
Intuit QuickBooks Offers Two New Options for Fast, Secure Payments
There’s no better feeling than getting paid quickly and seeing the money in a snap. Intuit introduces Tap to Pay and Recurring Payments features for iPhone users.
Technology March 12, 2025
Bloomberg Tax & Accounting Launches New Gen AI-Powered Features for Tax Research
Bloomberg Tax & Accounting announced March 10 the launch of two new generative AI-powered features that simplify tax research—Bloomberg Tax Answers and AI Assistant—now available within the Bloomberg Tax platform at no additional charge.
Accounting March 12, 2025
Intuit Rolls Out Tap to Pay on iPhone for SMBs Using QuickBooks Online
Intuit announced March 11 the availability of Tap to Pay on iPhone for its QuickBooks Online customers in the U.S., enabling small and mid-market businesses to seamlessly and securely accept in-person contactless payments using an iPhone.
Accounting March 11, 2025
Maximizing IT Investments: Hardware, Software, and Budget Planning
CPA firms must balance cutting-edge IT solutions with cost-effective management. Firms that fail to optimize their IT investments often struggle with inefficiencies, unplanned expenses, and system downtimes that negatively impact productivity.
Firm Management News
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.
Firm Management March 12, 2025
Forvis Mazars Tops $5 Billion in Global Revenue in 2024
Globally, audit and assurance services contributed 40% of Forvis Mazars' revenue, followed by tax at 24%, advisory 24%, and accounting 12%.
Accounting March 11, 2025
State CPA Society News & Updates – March 2025
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.
Accounting March 11, 2025
Maximizing IT Investments: Hardware, Software, and Budget Planning
CPA firms must balance cutting-edge IT solutions with cost-effective management. Firms that fail to optimize their IT investments often struggle with inefficiencies, unplanned expenses, and system downtimes that negatively impact productivity.
Staffing March 11, 2025
Professionals on the Move – March 11, 2025
Professionals on the Move is a collection of recent promotion, hiring and other staffing announcements from around the profession.
AICPA March 11, 2025
AICPA News – March 11, 2025
AICPA News is a round-up of recent news and announcements from the American Institute of CPAs.
Mergers and Acquisitions March 10, 2025
BPM to Combine with WBM Partners in Canada
The top 35 firm is expanding its reach in Canada by merging in WBM Partners, a Burlington, Ontario-based accounting and advisory firm, in a deal expected to be completed on June 1.
Firm Management March 10, 2025
Crowe Global Pulled in Revenue of $5.8 Billion in 2024
The Crowe global network of accounting firms brought in a combined $5.8 billion in revenue last year, a 10% year-on-year increase.
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…