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The Top Tax & Accounting News Stories of 2024

CPA Practice

2024 saw major news events and ongoing trends that are significantly shaping the profession, including how professionals practice, how firms operate, and your business and individual clients.

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Nomination Period Opens for CPA Practice Advisor’s 2024 Tax & Accounting Technology Innovation Awards

CPA Practice

Deadline: July 12, 2024 | Go to the Nomination Form. The Innovation Awards debuted in 2004, serving as a spotlight to honor new or recently enhanced technologies that benefit tax and accounting professionals and their clients through improved workflow, increased accessibility, enhanced collaboration, or other means.

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IRS to Host Virtual Focus Groups on the Business Tax Account Online Tool

CPA Practice

If you’re a business owner or a tax professional who represents one, the IRS wants to hear from you. 22 that it’s conducting virtual focus groups starting in December to gather feedback on the business tax account (BTA) online self-service tool. “We Entity Type Focus Group Date Time C Corporation DO December 3, 2024 12 p.m. –

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Changes in 2024 CPA Exam Put Technology Front and Center

CPA Practice

The next update goes into effect January 1, 2024 , and places new emphasis on the role of emerging technology in delivering accounting services. What are the 2024 CPA Exam changes? However, the updates scheduled for the 2024 CPA Exam will be significant. What do the 2024 CPA Exam changes mean for accounting practices?

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Here Are Even More 2024 Accounting Salary Projections

Going Concern

Last month we took a look at the 2024 Robert Half Salary Guide to get an idea what public accounting salaries should be in the range of next year, today it’s a similar report from Addison Group and their 2024 Workforce Planning Guide. The guide covers several industries, we are of course only here for accounting.

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Tax Season to Start January 29, 2024

CPA Practice

The IRS has announced that it will start accepting and processing tax returns on Monday, Jan. million individual tax returns to be filed by the April 15, 2024, tax deadline. Although the IRS will not officially begin accepting and processing tax returns until Jan. The agency expects more than 128.7 Beginning Jan.

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Why Small Business Owners Should Sign Up for the New IRS Business Tax Account 

CPA Practice

(TNS) The new business tax account from the IRS , unveiled in late October, is expected to expand next year with a slate of new features that should make tax time a little smoother for entrepreneurs. They can actually give their accountant access to the account, but it’s pretty limited to that.”