Accounting and tax articles, news, products, podcasts, and videos from CPA Practice Advisor
Top News
Taxes April 24, 2025
How CPAs Can Maximize the Impact of Clean Energy Tax Credits
Accountants can play a crucial role in helping their clients take full advantage of the Inflation Reduction Act's clean energy tax credits through strategic planning.
Payroll April 24, 2025
U.S. Initial Jobless Claims Tick Up, DOL Data Shows
Initial claims for benefits increased by 6,000 to 222,000 in the week ended April 19, according to Labor Department data released on Thursday.
Accounting April 24, 2025
Iowa Society of CPAs Selects Carrie Steffen as New CEO
The Iowa Society of CPAs (ISCPA) announced that Carrie Steffen will become its next CEO, effective May 19.
Technology April 24, 2025
Intuit to Buy HR Platform GoCo
Intuit announced on April 23 that it has signed an agreement to acquire GoCo, a provider of modern human resources and benefits solutions for small and mid-market businesses.
Firm Management April 24, 2025
Cetrom Expands On-Site IT Services Nationwide
This strategic initiative aims to enhance client support and deliver tailored, hands-on solutions to meet the diverse technological needs of modern firm environments nationwide.
Technology April 24, 2025
Accounting Seed Releases AI Invoice Capture for Finance Teams
AI Invoice Capture uses the latest artificial intelligence and predictive technology to streamline invoice processing and reduce manual accounts payable work.
Technology April 24, 2025
Ignition Touts New Integration With Wolters Kluwer’s CCH Axcess
With this integration, accounting firms using CCH Axcess can automate their client workflows from first engagement to final payment using Ignition—improving efficiency, cash flow, and profitability.
Taxes April 24, 2025
Trump Says Millionaire Tax Would Push Wealthy to Leave the U.S.
The president said imposing a higher tax rate on millionaires would spur the country’s richest to leave the U.S., downplaying an idea that is under discussion in some Republican circles as a way to pay for an economic package.
Tax News
Taxes April 24, 2025
How CPAs Can Maximize the Impact of Clean Energy Tax Credits
Accountants can play a crucial role in helping their clients take full advantage of the Inflation Reduction Act's clean energy tax credits through strategic planning.
Taxes April 24, 2025
Trump Says Millionaire Tax Would Push Wealthy to Leave the U.S.
The president said imposing a higher tax rate on millionaires would spur the country’s richest to leave the U.S., downplaying an idea that is under discussion in some Republican circles as a way to pay for an economic package.
Taxes April 24, 2025
He Can’t ‘Raise Taxes on a Whim’: 12 States Ask Court to Halt Trump Tariffs
A dozen states filed a federal lawsuit on April 23 challenging the Trump administration’s imposition of sweeping tariffs, arguing the president trampled on Congress’ powers to raise taxes.
Taxes April 24, 2025
First-Quarter Tax Lobbying Explodes as Reconciliation Package Looms
There were more than 300 new lobbying registrations—disclosures firms file when they acquire new clients—citing tax policy issues, up more than 200% compared to the first quarter last year and more than 260% compared to the previous quarter.
Taxes April 23, 2025
Ex-Treasury Secretary Says Trump ‘Attack’ on IRS Risks $1 Trillion Revenue Hit
Lawrence Summers said that the Trump administration’s moves to downsize the IRS, along with other changes, are likely to incentivize reduced tax-payment compliance.
Taxes April 22, 2025
California Could Give Tax Credit to Businesses for Cleaning Up After Homeless
Sacramento Assemblywoman Stephanie Nguyen, D-Elk Grove, highlighted a new bill this week that would give a tax credit to business owners who say they have to spend money cleaning up after people who camp out on or near their properties.
Taxes April 22, 2025
Millionaire Tax Would Generate About $400 Billion in Revenue
A Republican proposal to tax income over $1 million at a 40% rate could generate around $400 billion over a decade, according to estimates from the Budget Lab at Yale and the Tax Foundation.
Taxes April 22, 2025
Now’s the Time to Adjust Tax Withholdings on Your Paycheck, IRS Urges
By checking tax withholding, individuals can prevent having to owe additional money and any potential penalties at tax time.
Accounting News
Taxes April 24, 2025
How CPAs Can Maximize the Impact of Clean Energy Tax Credits
Accountants can play a crucial role in helping their clients take full advantage of the Inflation Reduction Act's clean energy tax credits through strategic planning.
Accounting April 24, 2025
Iowa Society of CPAs Selects Carrie Steffen as New CEO
The Iowa Society of CPAs (ISCPA) announced that Carrie Steffen will become its next CEO, effective May 19.
Technology April 24, 2025
Intuit to Buy HR Platform GoCo
Intuit announced on April 23 that it has signed an agreement to acquire GoCo, a provider of modern human resources and benefits solutions for small and mid-market businesses.
Technology April 24, 2025
Accounting Seed Releases AI Invoice Capture for Finance Teams
AI Invoice Capture uses the latest artificial intelligence and predictive technology to streamline invoice processing and reduce manual accounts payable work.
Technology April 24, 2025
Ignition Touts New Integration With Wolters Kluwer’s CCH Axcess
With this integration, accounting firms using CCH Axcess can automate their client workflows from first engagement to final payment using Ignition—improving efficiency, cash flow, and profitability.
Taxes April 24, 2025
He Can’t ‘Raise Taxes on a Whim’: 12 States Ask Court to Halt Trump Tariffs
A dozen states filed a federal lawsuit on April 23 challenging the Trump administration’s imposition of sweeping tariffs, arguing the president trampled on Congress’ powers to raise taxes.
Mergers and Acquisitions April 23, 2025
Grant Thornton US Adds Three Sister Firms to Multinational Platform
Grant Thornton firms in the United Arab Emirates, Luxembourg, and the Cayman Islands are expected to be merged into a platform the U.S. business created when it acquired Grant Thornton Ireland last year.
Mergers and Acquisitions April 23, 2025
Capstone Accounting and Tax Acquires Keller & Mendoza CPAs, Sargent CPA
Fresh off receiving a private equity investment, Bend, OR-based Capstone has expanded into Colorado and increased its presence in Oregon by adding Keller & Mendoza CPAs and Sargent CPA.
Payroll News
Payroll April 24, 2025
U.S. Initial Jobless Claims Tick Up, DOL Data Shows
Initial claims for benefits increased by 6,000 to 222,000 in the week ended April 19, according to Labor Department data released on Thursday.
Technology April 24, 2025
Intuit to Buy HR Platform GoCo
Intuit announced on April 23 that it has signed an agreement to acquire GoCo, a provider of modern human resources and benefits solutions for small and mid-market businesses.
Payroll April 24, 2025
Payroll Integrations and UKG Partner to Automate Payroll and Benefits Administration
Payroll Integrations, a benefits automation provider, has introduced a new technology partnership with UKG, a leading global provider of HR, payroll, and workforce management, and culture solutions.
Payroll April 22, 2025
Tariffs Could Cost the Average American Household $3,800 per Year, Says Yale Study
Here’s what you need to know about how tariffs will affect your finances and practical strategies to prepare your budget and savings.
Payroll April 22, 2025
AICPA Survey Shows Americans are Cutting Costs and Delaying Major Purchases Amid Recession Fears
More than one third of American adults have felt cautious (37%) or uncertain (36%) about their financial situation in the past 12 months.
Payroll April 22, 2025
What Salary Do You Need to Be Considered Upper-Middle Class in Your State?
GOBankingRates was able to determine what the upper-middle-class income ranges look like in every state by sourcing each state’s median household income from the 2023 American Community Survey conducted by the U.S. Census Bureau.
Payroll April 21, 2025
7 Strategies to Build Wealth in Your 30s
Here are seven tips for saving and investing in your 30s and taking advantage of perhaps your highest-earning years to date.
Payroll April 21, 2025
Want to Take Home $100K After Taxes? Here’s How Much You Need to Earn
A study by GoBankingRates found that nationally the average person needed to earn $130,000 to take home $100,000 after factoring in federal and state income taxes.
Technology News
Technology April 24, 2025
Intuit to Buy HR Platform GoCo
Intuit announced on April 23 that it has signed an agreement to acquire GoCo, a provider of modern human resources and benefits solutions for small and mid-market businesses.
Technology April 24, 2025
Accounting Seed Releases AI Invoice Capture for Finance Teams
AI Invoice Capture uses the latest artificial intelligence and predictive technology to streamline invoice processing and reduce manual accounts payable work.
Technology April 24, 2025
Ignition Touts New Integration With Wolters Kluwer’s CCH Axcess
With this integration, accounting firms using CCH Axcess can automate their client workflows from first engagement to final payment using Ignition—improving efficiency, cash flow, and profitability.
Accounting April 23, 2025
SoftLedger Launches Enhanced Bank Reconciliation Capabilities
SoftLedger, a provider of accounting software for multi-entity organizations, has added automation to further simplify the reconciliation process, enabling a faster monthly close.
Accounting April 23, 2025
Canopy Secures $70 Million Series C to Unclunk Accounting Firms with AI
Canopy has announced a $70 million Series C funding round. Viking Global Investors, a global investment firm with over $51 billion in capital under management–led the round.
Accounting April 23, 2025
AuditFile Launches New AI Audit Agents Feature
The AI Audit Agents autonomously plan, execute, and follow up on audit tasks, while keeping the human auditor in control with real-time approvals and feedback.
Accounting April 22, 2025
PwC and Google Cloud to Advance Strategic Alliance Deal to Transform Tax Compliance Services
The collaboration will leverage Google Cloud's broad AI and agentic AI abilities to increase the value that heads of tax and finance functions can deliver to their stakeholders.
Accounting May 19, 2025 Sponsored
May 19 CPE Webcast: Emerging Technology for an Efficient Audit
Emerging technologies are rapidly changing auditing. From enhanced accuracy to streamlined workflows, these innovations are transforming the way CPAs and auditors work. But how can you harness the potential of these tools to stay ahead of the curve?
Firm Management News
Firm Management April 24, 2025
Cetrom Expands On-Site IT Services Nationwide
This strategic initiative aims to enhance client support and deliver tailored, hands-on solutions to meet the diverse technological needs of modern firm environments nationwide.
Mergers and Acquisitions April 23, 2025
Grant Thornton US Adds Three Sister Firms to Multinational Platform
Grant Thornton firms in the United Arab Emirates, Luxembourg, and the Cayman Islands are expected to be merged into a platform the U.S. business created when it acquired Grant Thornton Ireland last year.
Mergers and Acquisitions April 23, 2025
Capstone Accounting and Tax Acquires Keller & Mendoza CPAs, Sargent CPA
Fresh off receiving a private equity investment, Bend, OR-based Capstone has expanded into Colorado and increased its presence in Oregon by adding Keller & Mendoza CPAs and Sargent CPA.
Mergers and Acquisitions April 23, 2025
Chahal & Associates Acquired By Financial Services Firm Earned Wealth
The Hercules, CA-based tax and accounting firm has joined Earned, a New York City-based comprehensive wealth and tax firm that provides financial services for doctors, their families, and their practices.
Firm Management April 21, 2025
Baker Tilly/Moss Adams Union is Happening
The megamerger between the two top 15 accounting firms, which was announced April 21, would likely put Baker Tilly into the top six firms in the U.S. by revenue. The deal is expected to close in early June.
Accounting April 18, 2025
Indiana Becomes Latest State to Reform CPA Licensure Rules
Governor Michael Braun (R) signed HEA 1143 into law on April 16, 2025, making Indiana one of the first 10 states to adopt an additional pathway to CPA licensure.
Accounting May 19, 2025 Sponsored
May 19 CPE Webcast: Emerging Technology for an Efficient Audit
Emerging technologies are rapidly changing auditing. From enhanced accuracy to streamlined workflows, these innovations are transforming the way CPAs and auditors work. But how can you harness the potential of these tools to stay ahead of the curve?
Firm Management April 18, 2025
Review and Interview with SafeSend – The Accounting Technology Lab Podcast – April 2025
In this video and podcast, Randy Johnston and Brian Tankersley, CPA, discuss Thomson Reuters SafeSend. Watch the video, listen to the audio podcast below, or read the transcript.
Webinars
May 19, 2025
May 19 CPE Webcast: Emerging Technology for an Efficient Audit
Emerging technologies are rapidly changing auditing. From enhanced accuracy to streamlined workflows, these innovations are transforming the way CPAs and auditors work. But how can you harness the potential of these tools to stay ahead of the curve?
March 19, 2025
LeaseCrunch to Host Webinar on Financial Due Diligence in M&A
The webcast will share practical strategies for streamlining financial due diligence workflows, especially through automation.
March 26, 2025
Archived Webcast: Helping Clients Set Up Their Remote Employees
Many businesses have team members across state lines, and you may have clients with remote employees in other states. Payroll can get confusing and tricky in these situations.
February 26, 2025
Archived Webcast: S Corporation Election Considerations for Corporations and LLCs
S Corporation elections are popular among Corporation and LLC owners due to various advantages. With the election deadline approaching in March, it is a great time to get refreshed on this popular election to help advise your clients.