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.
Accounting August 6, 2025
Docyt AI Enables True Real-Time Accounting with New Advanced Generative AI Capabilities
The company’s new Generative AI addresses the remaining 20% - the “last mile” of the accounting process - reducing or eliminating human interaction to an almost nonexistent level.
Accounting August 6, 2025
Rightworks Appoints New Leadership Team
Ian Williams has been appointed as the new CEO of the accounting technology company, while Jay Muelhoefer has been named as the chief revenue officer.
Accounting August 6, 2025
Montana Accountant Sentenced to 2 Years in Prison for Defrauding Clients
William Arthur Clawson—who defrauded clients by using their cash payments, which were intended to pay their income taxes, for his own personal expenses—was given a 24-month prison sentence on July 31.
Mergers and Acquisitions August 6, 2025
Earned Acquires Boston-Based CPA Firm Schwartz & Schwartz
The deal is the financial services firm's third acquisition in the past year since receiving a $200 million investment in July 2024 from growth equity firms Summit Partners and Silversmith Capital Partners.
Taxes August 5, 2025
Ted Cruz Pushes to Save Poker Pros From Surprise Tax Hit in Trump’s One Big Beautiful Bill Act
The Republican Texas senator has joined with Nevada Democrats on legislation to restore the full deductibility of losses, saying it’s a matter of basic fairness for professional players who depend on their winnings to pay their bills.
Taxes August 5, 2025
States Scramble to Complete Renewable Energy Projects Before Tax Credits Expire
Politicians and state leaders say they're focused on fast-tracking permitting decisions and working with regulators to ensure projects can connect to the grid before the tax credits phase out.
Taxes August 5, 2025
If You’re a Fan of Sports Betting or Casino Gambling, You Won’t Be a Fan of a New Trump Tax Law Provision
Taxpayers shouldn’t bet the house that this recent tax change will be reversed and should instead prepare for their betting income to receive a different tax treatment starting next year.
Payroll August 5, 2025
Why the One-Job, One-Career Model Isn’t Working
Knowing how to make the jump from a single-job lifestyle to a more entrepreneurial one could put you on the path to less debt, more savings, and faster wealth accumulation.
Payroll August 5, 2025
Trump Floats Plan to Legalize Undocumented Immigrant Farmworkers
President Trump said he wants to allow migrant farmworkers, millions of whom have lived in the country for years or decades, to remain in the U.S. indefinitely.
General News August 5, 2025
Distrust in U.S. Inflation Data Threatens $2 Trillion Market
A $2 trillion market for securities linked to U.S. inflation data could be the first area of Treasuries that would crack if the Bureau of Labor Statistics is politicized, according to bond investors.
Legislation August 5, 2025
Big Beautiful Bureaucratic Headaches
The One Big Beautiful Bill Act (OBBBA) imposes costly new recordkeeping and administrative requirements on the states and counties that are often the ones who deliver various federal aid programs.
Taxes August 5, 2025
Sen. Josh Hawley Wants $600 Tax Credits for Most Americans But Will Likely Run Into GOP Pushback
The Missouri Republican proposes refundable tax credits of at least $600 per adult and dependent child. The credits would phase out for incomes exceeding $75,000 for singles and $150,000 for joint filers.