Staffing May 7, 2026
What Top Accounting Firms Hire for in 2026: 5 Key Skills Defining the Next Generation of CPAs
As teams become more complex and technology-driven, project management is emerging as a critical skill beyond CPA training alone.
Taxes December 26, 2024
7 Tips to Prepare for Next Year’s Taxes Now
As the end of the year approaches, now’s the time to start preparing for filing your 2024 tax return in 2025. Here are tips and strategies to prepare now for the 2025 tax-filing deadline.
Accounting December 24, 2024
BOI Reporting Injunction Lifted; FinCEN Extends Deadline to Jan. 13
FinCEN has extended the Jan. 1, 2025, deadline for most reporting companies to file beneficial ownership information reports with the Treasury Department until Jan. 13, 2025, after a federal court of appeals lifted an injunction on Dec. 23 that had halted the new law.
Accounting December 24, 2024
State CPA Society News and Updates – Dec. 2024
State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.
Accounting Standards December 23, 2024
FASB Invites Comments on Intangibles
The invitation to comment is intended to explore ways the FASB can improve this area of financial reporting, which includes the accounting for acquired and internally developed intangibles.
Taxes December 23, 2024
IRS Asks for Feedback on Draft Instructions for R&D Tax Credit Form 6765
The IRS on Dec. 20 released the draft Instructions for Form 6765, Credit for Increasing Research Activities, and is seeking feedback on proposed changes to the form, which is used by taxpayers to claim the research and development tax credit.
Taxes December 23, 2024
Tax Professionals Subject to New Requirements Proposed By the IRS
CPAs, enrolled agents, and other practitioners would have to maintain technological competency under proposed regulations issued by the Treasury Department and the IRS on Dec. 20, which would update Circular 230.
SEC December 23, 2024
Entergy Hit With $12 Million SEC Penalty for Violating Accounting Rules
The SEC alleged that Entergy had inaccurate controls when recording materials and supplies, despite employees and management consultants flagging the issue.
Mergers and Acquisitions December 23, 2024
Platform Accounting Group Expands in Midwest
Platform Accounting Group announced two more firms have joined the group. Based in Indiana and Illinois, the additions expand Platform’s presence to the Midwest. Twelve firms have joined Platform this year, with a few more anticipated to join in January.
Payroll December 23, 2024
Millions to Get Bigger Social Security Checks After Bipartisan Bill Passes
If signed by the president before the new Congress convenes on Jan. 3, the law would boost Social Security payments to more than 2 million beneficiaries, according to the Congressional Research Service.
Firm Management December 23, 2024
Does Your Firm Have a Data Strategy?
Data is at the core of incorporating AI and automation into your firm’s workflows. Without a deliberate data strategy, these initiatives can fall short.
Firm Management December 23, 2024
The Return to Work Controversy: What’s the Right Decision for Your Accounting Firm?
If you’ve settled into a hybrid environment, you may hear some backlash, but you may also have some excited staff members who enjoy being in the office.
Firm Management December 23, 2024
HubSync Releases 2024 Product Enhancements & New Features
HubSync Co. has announced several new enhancements to its product suite. These new features focus on how firms manage tax and accounting processes, leveraging cutting-edge AI and user-centric design.