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Accounting

Nominations Open for 2025 “Most Powerful Women in Accounting” Awards

The Most Powerful Women in Accounting Awards, now in their 12th year, were created by CPA Practice Advisor to promote and support the success of women leaders as part of its broader mission of sustaining the profession.

Nov. 12, 2024

Taxes

Treasury, IRS Final Regs on Direct Pay Expand Clean Energy Tax Credit Access

The rules provide more flexibility for direct pay-eligible entities that want to jointly invest in clean energy projects, Treasury says.

Jason Bramwell

Small Business

Avalara Unveils Intelligent Tax Content Solution for Lodging and Hospitality

ATC for Lodging gathers, processes and organizes lodging tax data specifically for the lodging and hospitality industries – making it the ideal solution for organizations that require lodging tax content for tax calculations.

Isaac M. O’Bannon

Firm Management

Survey: Over Half of Accounting Firms Plan to Increase Fees in 2025

Most firms are planning to raise fees across services by 5% or 10% due to rising business costs, according to the Ignition report.

Jason Bramwell

Firm Management

Andersen Advances Global Valuation Practice in 10 Asia Pacific Countries

Andersen has added collaborating firms in Australia, China, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.

Isaac M. O’Bannon

Small Business

81% of Business Owners Have Some Optimism for 2025 Economic Outlook

The survey, which polled more than 275 executives across the public and private middle market, looks into the key trends, challenges and successes that businesses are set to experience in 2025.

Isaac M. O’Bannon

Firm Management

Opsahl Dawson Merges in Hauser Jones & Sas

The combination expands the top 300 firm’s presence into Bellevue, joining its three other offices in the state of Washington.

Jason Bramwell

Small Business

Intuit Assist for QuickBooks Adds Gen-AI Financial Assistant to Power Business Growth

Intuit’s AI-driven expert platform is embedded in the company’s products, including QuickBooks, TurboTax, Credit Karma, and Mailchimp.

Isaac M. O’Bannon

Firm Management

Bridging the Accounting Profession’s Generational Gap Requires Purpose-Driven Strategy Steeped in Innovation and Adaptability

Young team members are crucial for long-term viability, bringing fresh perspectives that propel the sector forward.

Small Business

Fiserv and ADP Team Up for Small Business Management

ADP and Fiserv will offer U.S.-based small businesses access to an integrated, all-in-one solution combining the full power of RUN Powered by ADP and the Clover small business management platform.

Isaac M. O’Bannon

Technology

TaxPlanIQ Unveils Value-Based Pricing Tool For Accounting Firms

Firms can use the free tool to price advisory services like tax planning and CFO support based on measurable client outcomes.

Jason Bramwell

Firm Management

How Accounting and Tax Firm Owners Can Prevent Burnout

Here’s how reducing burnout can lead to higher-value clients and, thus, help to scale your accounting and/or tax business.

Taxes

Japanese Restaurant Owner Avoids Raw Tax Deal

A taxpayer in a recent Tax Court case tried to use the “Cohen rule” from an age-old case to escape out of a tax jam.

Ken Berry, JD

Taxes

Intuit and H&R Block Stocks Fall on Report of ‘DOGE’ Interest in Tax App

The Washington Post reported that leaders of the new “Department of Government Efficiency” have discussed creating a tax filing app.

Deloitte Announces New Workiva ESG Accelerators to Help Streamline CSRD Compliance

The new Deloitte-built accelerators are offered along with Deloitte’s advisory services and are designed to help expand and enhance organizations’ sustainability-focused governance, risk and compliance (GRC) controls.

Isaac M. O’Bannon

Accounting

Stacking CPA and CMA Credentials Is an Investment for a Career-Long Payoff

The CPA and CMA brands do more than strengthen the initial impression others will have of you. Achieving the right professional credential also builds your bench strength, or your ability to step in and tackle greater responsibilities.

Auditing

Disclosures Regarding Audit Firm Oversight Have Plateaued, CAQ Report Finds

The Audit Committee Transparency Barometer Report emphasizes the need for audit committees to raise the bar with their disclosures.

Jason Bramwell

Accounting

FASB Looks to Add New Guidance on How Businesses Account For Government Grants

The proposal would establish rules on the recognition, measurement, and presentation of a government grant received by a business.

Jason Bramwell

Firm Management

Doeren Mayhew Adds BHT&D in Michigan

The PE-backed top 60 firm has expanded its footprint in western Michigan by acquiring BHT&D, a full-service CPA firm.

Jason Bramwell

Payroll

Job Market is Turning Chilly For Recent College Graduates

The numbers illustrate the growing difficulty for recent graduates—aged between 22 and 27—of gaining a foothold in the labor market.

Auditing

Beyond AI Hype: Why Data is Your Next Smart Move

Accounting firms that will lead the future of audit are the ones ensuring they have the standardized, flowing data needed to power it.

Small Business

Main Street Alliance and Small Business Majority Team Up For Tax Fairness

The groups have formed the Small Business Tax Fairness Coalition, advocating for a tax code that prioritizes entrepreneurs’ needs.

Jason Bramwell

Firm Management

CRI Goes Down the Private Equity Path For Growth

The top 25 accounting firm has wrapped up a deal with investment firm Centerbridge Partners and VC firm Bessemer Venture Partners.

Jason Bramwell

Accounting

AICPA & CIMA Recognized as an Apprenticeship Ambassador by the U.S. Department of Labor

The AICPA & CIMA, which together form the Association of International Certified Professional Accountants, has been recognized by the U.S. Department of Labor’s (DOL) Office of Apprenticeship as an Apprenticeship Ambassador.

Isaac M. O’Bannon

Accounting

Indiana CPA Society Announces 2024 Award Finalists

This year’s winners will be announced at the annual INCPAS CPA Celebration on November 22 at The Crane Bay Event Center.

Isaac M. O’Bannon

Firm Management

PKF O’Connor Davies to Get Outside Capital From Investcorp, PSP Investments

The top 30 firm said the injection of funding will help back increased M&A activity, as well as new technology and service lines.

Jason Bramwell

Taxes

Opinion: Trump is Right—Expat Taxes Are Too Complicated

Simplifying the tax code for U.S. citizens working abroad would benefit both those Americans and America itself.

Small Business

Survey Shows CEOs Optimistic on Economy

Middle-market companies are confident in their ability to navigate inflation and a potential recession, according to a Moss Adams survey.

Isaac M. O’Bannon

Payroll

CPE Webinar: Top 10 Payroll Tasks to Prepare for Year-End

Sign up for a 1-hour live webinar session as we review the top 10 payroll tasks to get your affairs in order before the year ends.

Isaac M. O’Bannon

Taxes

IRS Cuts Tax Interest Rates For Q1 of 2025

For the first time since 2020, interest rates for tax overpayments and underpayments will be lower than the previous quarter.

Jason Bramwell

Technology

What Does Fixed Assets Software Do?

Here are six ways that fixed assets automation software provides tangible benefits to tax practitioners.