Accounting January 14, 2025
Report Highlights Key Trends in Tax and Accounting for 2025
Led by AI adoption, digital transformation, and a shift toward advisory services, firms are positioning themselves for sustainable growth.
Greg Berk, J.D., is a special counsel and part of the Labor and Employment Practice Group at SheppardMullin. He is based in Orange County, California where he leads the firm's immigration practice. He is a Certified Specialist in Immigration and Nationality Law by the State Bar of California Board of Legal Specialization.
Accounting January 14, 2025
Led by AI adoption, digital transformation, and a shift toward advisory services, firms are positioning themselves for sustainable growth.
Accounting January 14, 2025
AccountsIQ says the acquisition reflects its vision to expand beyond finance teams into the broader business user function, bringing a multiproduct solution to the office of the CFO, including spend card management and embedded payments.
Accounting January 14, 2025
The practice aid offers a new definition for digital assets, new and amended accounting questions, and the introduction of new terms.
Accounting January 14, 2025
"These pain points emphasize AI's potential to enhance efficiency, accuracy, and insight generation in finance by addressing time-consuming and error-prone tasks," accounting automation platform Trullion says in a new report.
Auditing January 14, 2025
"While Excel's versatility has made it a staple for decades, it's limitations—such as version control issues, manual data entry errors, and collaboration bottlenecks— are becoming increasingly problematic," accounting automation platform Trullion says in a new report.
Small Business January 14, 2025
Small businesses grew more slowly after the spike in interest rates if they had less access to credit. Those that were hit the hardest had up to 30% lower revenue and 4% lower employment growth compared to other small businesses.
Accounting January 13, 2025
One hundred fifty hours will no longer be required to obtain a CPA license in the state of Ohio after Gov. Mike DeWine signed legislation on Jan. 8 that provides two alternate pathways for accountants pursuing the credential.
Taxes January 13, 2025
The IRS says the defendants in these cases committed millions of dollars in fraudulent activity, duped investors into believing they were going to strike it rich and tried to funnel money to terrorist organizations.
Taxes January 11, 2025
The FTC charged that H&R Block unfairly required consumers seeking to downgrade to a cheaper H&R Block product to contact customer service, unfairly deleted users’ previously entered data and made deceptive claims about “free” tax filing.
Taxes January 10, 2025
Currently, only individuals and households that reside or have a business in Los Angeles County qualify for tax relief. However, the same relief will be offered to any counties designated by FEMA in the coming days or weeks.
Taxes January 10, 2025
The IRS expects more than 140 million individual tax returns to be filed ahead of the April 15 federal deadline, with more than half of all tax returns filed this year with the assistance of a tax professional.
Auditing January 10, 2025
After tying PwC for the lead in the second quarter of 2024, top 25 accounting firm Withum was alone at the top of the initial public offering auditor market share standings in Q3 with 11 audit clients that went public, according to Audit Analytics.