Accounting August 4, 2026
Nominations Open for Innovation Awards and 40 Under 40 Awards
Nominations are currently being accepted for CPA Practice Advisor's 40 Under 40, 20 Under 40, and Tax & Accounting Tech Innovation Awards.
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March 25, 2022
GoDaddy Automates Sales Tax, Launches Commerce Plus with Avalara Partnership
The sales tax automation feature upgrades GoDaddy Online Store capabilities and frees business owners from having to manually track their transaction thresholds for each state to know if/when they owe sales tax, log the sales tax rates for each ...
March 24, 2022
Reporting Virtual Currency Transactions on Taxes? Remember to Check a Box
All taxpayers filing Form 1040, Form 1040-SR or Form 1040-NR must check one box answering either "Yes" or "No" to the virtual currency question. The question must be answered by all taxpayers, not just taxpayers who engaged in a transaction involving ...
March 24, 2022
IRS Updates FAQs on Unemployment Compensation Exclusion
The Internal Revenue Service has revised its frequently asked questions (FAQs) on 2020 unemployment compensation exclusion.
March 24, 2022
ERPs, Invoice Automation Providers Embrace Digitization and Automation for AP Payments
Technology adoption in B2B payments has reached a new level. COVID and work from home sped up the pace of change, and over the last two years, we’ve seen a dramatic shift toward electronic payments and payment automation.
March 24, 2022
Why is Your Tax Refund Taking So Long? Here Are Some Possibilities
Many different factors can affect the timing of a refund after the IRS receives a return. A manual review may be necessary when a return has errors, is incomplete or is affected by identity theft or fraud.
March 24, 2022
Squeezing Under the Medical Deduction Threshold
The annual threshold for deducting medical expenses is finally set in stone. After several years of yo-yoing up and down, the Consolidated Appropriations Act (CAA) established a permanent threshold of 7.5% of adjusted gross income ...
March 24, 2022
Why Security Measures Are Critical for Tax Pros
Every firm is different when it comes to how they acquire, access, store or share data. Given the importance of security of your client’s and your firm’s data, it is important for you to deeply understand the procedures and practices that are in place...
March 23, 2022
Will the ‘Great Resignation’ Become the Great Shakeout?
Should we be concerned about the rising number of accountants leaving the profession? If one is paying attention, the alarm bells are sounding across the board, and it really hits home if you’ve had a personal experience being short-staffed.
March 23, 2022
Man Indicted for PPP Fraud, Using Funds for Cryptocurrency
A 35-year-old man has been indicted in North Carolina on charges he invented businesses to qualify for pandemic relief and robbed a bank, then spent the money buying cryptocurrency and paying bills.
March 23, 2022
Majority of Employers Considering Retirement Plan Enhancements
Overall, the survey found three in four respondents (75%) that sponsor a DC plan made a change to their plan in the last two years and expect to make at least one change over the next two years. An additional 14% of sponsors that didn’t make a change ...
March 23, 2022
Half of Remote Professionals Say They Would Quit if Required to Go Back to Office
Return-to-office plans may lead to more resignations, separate research shows. In a survey of more than 1,000 professionals, half of respondents currently working from home (50%) would look for a new job that offers remote options if ...
March 23, 2022
Why You Need a Clear Client Communication Policy
Having a clear client communication policy is often forgotten as a part of the engagement. Everyone needs to understand the client’s part, the firm’s part, and the collaborative part. Communication policies help your firm achieve this goal. If your firm h