Accounting and tax articles, news, products, podcasts, and videos from CPA Practice Advisor
Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more...
Top News
Accounting July 13, 2026
Nominations Open for 2026 ‘40 Under 40’ and ‘20 Under 40’ Awards
The 40 Under 40 Awards spotlight the top practicing public accountants, educators and thought leaders who are leading their profession. Deadline is Nov. 2, 2026.
Accounting Technology Lab Podcast July 17, 2026
AI Is the Ultimate Accounting Assistant – Accounting Technology Lab Podcast – July 2026
Randy Johnston and Brian Tankersley speak with Sasha Orloff, CEO of Puzzle, about why artificial intelligence should be viewed as an accounting assistant rather than an autonomous replacement for accountants.
Financial Reporting July 17, 2026
Federal Cybersecurity Mandate Suspended: What the CMMC Pause Teaches Firms About Protecting Client Data
A stalled defense compliance program offers a timely lesson for accounting and tax practices.
Firm Management July 17, 2026
The FAQ Strategy: Turning Client Questions Into High-Converting Content
This post shows you how to turn everyday client questions into blog posts that rank in search engines, answer real client concerns, and get cited and mentioned by AI tools.
Taxes July 17, 2026
Michigan Lawmakers Revive Tax-the-Rich Push
Some state lawmakers are reviving the push to tax Michigan’s wealthiest earners to drum up more money for K-12 schools after a campaign to get a proposal on November’s ballot was suspended earlier this year.
Payroll July 17, 2026
Federal Bill Would Nix 401(k) Early Withdrawal Penalty for Fertility Treatments
U.S. Rep. Mike Levin (D-CA) introduced legislation on Thursday that would waive the standard 10% retirement account early withdrawal penalty for Americans seeking fertility treatment.
CPE July 17, 2026
831(b) Institute to Host Free CE Event in Chicago
Accounting, tax, financial, and insurance professionals are invited to attend a free continuing education event hosted by the 831(b) Institute on July 21 at the Palmer House Hilton in Chicago.
CAS July 16, 2026
Specialty Tax Forum to Gather Russian-Speaking Professionals in Miami, Oct. 22-24
The Association of Russian-Speaking Accountants and Tax Professionals (ARSAT), has announced a national forum for 2026.
Tax News
Taxes July 17, 2026
Michigan Lawmakers Revive Tax-the-Rich Push
Some state lawmakers are reviving the push to tax Michigan’s wealthiest earners to drum up more money for K-12 schools after a campaign to get a proposal on November’s ballot was suspended earlier this year.
CAS July 16, 2026
Specialty Tax Forum to Gather Russian-Speaking Professionals in Miami, Oct. 22-24
The Association of Russian-Speaking Accountants and Tax Professionals (ARSAT), has announced a national forum for 2026.
IRS July 16, 2026
IRS Business Mileage Rate Increases to Record 76 Cents Per Mile
The IRS raised the optional standard mileage rates for the remainder of this year. The reason: recent increases in the price of fuel, as gasoline once again inches close to $4 a gallon amid the renewed fighting between the U.S. and Iran.
Financial Reporting July 16, 2026
Why Small Business Clients Keep Getting Depreciation Wrong — And What CPAs Can Do About It
Fixed asset management isn't exciting but it's easy to get wrong. That makes it an under-served advisory opportunity.
Taxes July 16, 2026
A $900 Tax Break for Pet Owners? New Jersey is Considering It
A proposal in the state Legislature would provide pet owners with a $300 state tax credit for everyday pet expenses and up to an additional $600 for veterinary care.
Taxes July 16, 2026
Las Vegas Tax Preparer and 11 Others Indicted in $14M COVID Loan Fraud Scheme
Tax preparer Charles Omonzokpia Usigbe and 11 others, accused of conspiring to fraudulently obtain more than $14 million in COVID relief loans, were indicted by a federal grand jury in Nevada, prosecutors announced Tuesday.
Technology July 15, 2026
Canopy Launches Comprehensive Tax Workflow Automation
The new suite prioritizes firm control by keeping every AI-generated output fully transparent and editable before it reaches the client.
Taxes July 15, 2026
Here’s How Much Americans Pay in Taxes Over Their Lifetime
In fiscal year 2025, the federal government collected $2.66 trillion in individual income taxes. But how much will the average American pay in income and other taxes throughout their lifetime?
Accounting News
Accounting July 13, 2026
Nominations Open for 2026 ‘40 Under 40’ and ‘20 Under 40’ Awards
The 40 Under 40 Awards spotlight the top practicing public accountants, educators and thought leaders who are leading their profession. Deadline is Nov. 2, 2026.
Financial Reporting July 17, 2026
Federal Cybersecurity Mandate Suspended: What the CMMC Pause Teaches Firms About Protecting Client Data
A stalled defense compliance program offers a timely lesson for accounting and tax practices.
CPE July 17, 2026
831(b) Institute to Host Free CE Event in Chicago
Accounting, tax, financial, and insurance professionals are invited to attend a free continuing education event hosted by the 831(b) Institute on July 21 at the Palmer House Hilton in Chicago.
Small Business July 16, 2026
How Small Businesses Can Build Local Partnerships to Grow and Thrive
Local business partnerships, built through community collaboration, create a steadier way to be seen and believed without constantly chasing attention.
Advisory July 16, 2026
Luxury Liabilities: Serving High-Net-Worth Clients
Managing the lifestyles of the rich and famous has its appeal, but not everything is glitter and gold. Though these engagements offer intriguing and lucrative opportunities, they also present heightened risks.
Financial Reporting July 16, 2026
Why Small Business Clients Keep Getting Depreciation Wrong — And What CPAs Can Do About It
Fixed asset management isn't exciting but it's easy to get wrong. That makes it an under-served advisory opportunity.
Taxes July 16, 2026
Las Vegas Tax Preparer and 11 Others Indicted in $14M COVID Loan Fraud Scheme
Tax preparer Charles Omonzokpia Usigbe and 11 others, accused of conspiring to fraudulently obtain more than $14 million in COVID relief loans, were indicted by a federal grand jury in Nevada, prosecutors announced Tuesday.
Financial Reporting July 15, 2026
Expensify Launches Consolidated Travel Billing to Simplify How Companies Pay for Business Travel
Companies can now pay for flights, hotels, cars, and rail booked through Expensify Travel in one monthly bill.
Payroll News
Payroll July 17, 2026
Federal Bill Would Nix 401(k) Early Withdrawal Penalty for Fertility Treatments
U.S. Rep. Mike Levin (D-CA) introduced legislation on Thursday that would waive the standard 10% retirement account early withdrawal penalty for Americans seeking fertility treatment.
Payroll July 16, 2026
62% of Workers Say Working Harder No Longer Leads to Financial Progress
A majority of American workers no longer believe that increased effort at work leads to meaningful financial progress.
Staffing July 15, 2026
59% of Workers Are in Work Situationships With No Clear Future
A new report show that many employees are choosing job stability over long-term commitment.
Benefits July 15, 2026
Social Security’s New COLA Prediction is Out and It’s More of the Same for Retirees
Inflation-weary retirees won’t see much relief in the latest projections regarding next year’s Social Security increase.
Benefits July 15, 2026
Social Security Rolls Out 2 Major Changes
Two major administrative changes—both aimed at improving customer service and satisfaction—were announced recently by the Social Security Administration.
Artificial Intelligence July 15, 2026
Economists, Tech Leaders Warn AI Could Bring ‘Large-Scale Job Displacement’ and Other Risks
Many of the smartest people in the world warned governments, companies, and people Monday that they need to be ready for the deep impact that artificial intelligence is going to have on the economy.
Small Business July 14, 2026
NFIB Jobs Report: Small Business Openings Rebound
The June Jobs Report of the National Federation of Independent Business shows the Small Business Employment Index remained essentially flat, registering 100.2 in June after measuring 100.3 in May.
Payroll July 14, 2026
Government-Seeded Accounts Could Test Trump’s ‘Communists’ Claim
President Donald Trump’s recent attacks on democratic socialists who have won Democratic Party primaries could clash with his idea of creating investment accounts for American adults.
Technology News
Financial Reporting July 17, 2026
Federal Cybersecurity Mandate Suspended: What the CMMC Pause Teaches Firms About Protecting Client Data
A stalled defense compliance program offers a timely lesson for accounting and tax practices.
Financial Reporting July 15, 2026
Expensify Launches Consolidated Travel Billing to Simplify How Companies Pay for Business Travel
Companies can now pay for flights, hotels, cars, and rail booked through Expensify Travel in one monthly bill.
Technology July 15, 2026
Drake Software Rolls Out Beta Launch of Drake SmartExtract
Drake SmartExtract is a new AI-powered document processing solution for Drake Tax Online that automatically extracts and organizes data from common tax documents.
Technology July 15, 2026
Firm360 Introduces AutoPrep
Practice management platform Firm360 announced Firm360 AutoPrep, a tax prep automation capability powered by Juno.
Technology July 15, 2026
Canopy Launches Comprehensive Tax Workflow Automation
The new suite prioritizes firm control by keeping every AI-generated output fully transparent and editable before it reaches the client.
Risk Management July 15, 2026
Grant Thornton Advisors Partners with Fieldguide for Agentic AI for Risk and Control Services
Fieldguide’s agentic platform will be the technology foundation behind CompliAI, Grant Thornton’s AI controls and risk assessment tool.
Firm Management July 15, 2026
Real Products in 2026? – AI and Application Progress – What We See, and How You Can Get There
Understanding what the client wants is the beginning of advisory. Advisory is quite different from what the client would expect from compliance services.
Artificial Intelligence July 15, 2026
Economists, Tech Leaders Warn AI Could Bring ‘Large-Scale Job Displacement’ and Other Risks
Many of the smartest people in the world warned governments, companies, and people Monday that they need to be ready for the deep impact that artificial intelligence is going to have on the economy.
Firm Management News
Accounting July 13, 2026
Nominations Open for 2026 ‘40 Under 40’ and ‘20 Under 40’ Awards
The 40 Under 40 Awards spotlight the top practicing public accountants, educators and thought leaders who are leading their profession. Deadline is Nov. 2, 2026.
Firm Management July 17, 2026
The FAQ Strategy: Turning Client Questions Into High-Converting Content
This post shows you how to turn everyday client questions into blog posts that rank in search engines, answer real client concerns, and get cited and mentioned by AI tools.
Firm Management July 16, 2026
Professionals on the Move – July 2026 – Part 2
Professionals on the Move is a periodic roundup of recent hiring, promotion, and other staffing announcements from around the accounting and accounting technology space.
Staffing July 15, 2026
59% of Workers Are in Work Situationships With No Clear Future
A new report show that many employees are choosing job stability over long-term commitment.
Firm Management July 15, 2026
Real Products in 2026? – AI and Application Progress – What We See, and How You Can Get There
Understanding what the client wants is the beginning of advisory. Advisory is quite different from what the client would expect from compliance services.
Mergers and Acquisitions July 15, 2026
Shultz Huber & Associates Expands Its Footprint in Ohio
Regional accounting firm Shultz Huber & Associates has added Stroh, Johnson & Company, with locations in Wapakoneta, Lima and Minster, OH.
Firm Management July 14, 2026
Prosperity Partners Flips Investors
Prosperity Partners has completed its first flip, as private equity group Lightyear Capital has made a majority investment in the Chicago-based tax, client accounting, and transaction support services firm, while Unity Partners maintains a minority stake.
Firm Management July 14, 2026
Platform Accounting Group Opens in South Carolina
This marks Platform’s first South Carolina-based location and expands its reach in the Southeastern United States.
Webinars
June 16, 2026
Archived Webcast: The Post-Busy Season Audit: Turning Pain Points into Progress
This practical webinar helps tax and accounting professionals make sense of what worked—and what didn't—during busy season. You'll identify key operational and workflow challenges, translate lessons learned into actionable improvements, and set the stage for a more efficient, less stressful 2027 busy season.
June 9, 2026
Archived Webinar: Ask Ryan Lazanis Anything
Tax season might be in the rearview mirror, but for many firm owners, the sprint never ends. If you feel like your firm is running you, instead of the other way around, bring your questions to Ryan Lazanis, CPA, of Future Firm Accelerate in this “Ask Me Anything” webinar.
May 28, 2026
Archived Webcast: Why Post–Tax Season is the perfect time to move your firm to the cloud
As another tax season wraps up, many smaller tax prep firms are left reflecting on what slowed them down: system crashes, limited remote access, hardware issues, or constantly troubleshooting outdated on‑premise tax software. If these pain points feel familiar, then this is the right time to explore a move to a modern cloud‑based tax platform.
March 26, 2026
Archived Webinar: Becoming a Modern Firm: The 5 Stages of Development
What separates high-performing, future-ready accounting firms from those struggling to keep up?