Taxes February 16, 2025
Updated Feb. 16, 2025. Tax season has just begun, but it may be about to get more difficult for taxpayers and tax preparers such as CPAs and accountants. The move could also delay income tax refunds. The IRS started accepting income tax returns on January 27, 2025, which means tax filing season is officially upon...…
Taxes February 16, 2025
According to ABC News and the Associated Press, up to 15,000 workers at the Internal Revenue Service could be laid off from their positions in the next week.
Taxes February 15, 2025
The CPA Practice Advisor Weekly Tax News Roundup is a weekly recap of tax-related news from the past week. From IRS news and tax court cases, to state, SALT, legislation and other related areas, the roundup can help you catch-up on recent changes. === Let us know if you like this new feature using the...…
AICPA February 14, 2025
As taxpayers navigate the challenges of tax season, the American Institute of CPAs (AICPA) is identifying areas individual filers to be aware of for this filing season.
Accounting February 14, 2025
The American Institute of CPAs and the National Association of State Boards of Accountancy are advancing proposed changes to the Uniform Accountancy Act that would clear the way for states to adopt an additional path to CPA licensure while also adjusting practice mobility requirements.
Taxes February 14, 2025
Section 199A generally allows owners of pass-through entities to deduct 20 percent of the owner’s QBI earned in a qualified trade or business.
Mergers and Acquisitions February 13, 2025
The top 30 accounting firm is planning to merge with Scottsdale, AZ-based boutique business law firm Radix Law this spring to form the Arizona law firm Aprio Legal, a move that could set off a wave of other CPA firms entering an industry that was once considered off limits.
Firm Management February 13, 2025
In their latest video and podcast, Randy Johnston and Brian Tankersley, CPA, review AI systems for accounting firms, starting with Acumatica ERP.
Auditing February 13, 2025
The Public Company Accounting Oversight Board has posted a new series of knowledge checks designed to help auditors gauge their understanding of important aspects of the regulator's new quality control standard, QC 1000, A Firm’s System of Quality Control.
Taxes February 13, 2025
The integration will offer energy companies an automated, more accurate, and scalable tax compliance solution, enabling real-time tax calculation, reducing reliance on manual processes, and minimizing errors.
Firm Management February 13, 2025
The software consolidates globally applicable accounting principles into a central repository of knowledge, serving as a pivotal platform for the collection and analysis of crucial financial data.
Artificial Intelligence February 13, 2025
These latest enhancements help finance teams save time, get trusted insights faster, and focus on growth by simplifying compliance, enhancing decision-making, and improving operational efficiency.
