Accounting Today

FEBRUARY 28, 2025

It's time for the profession to rediscover its capacity for creative problem-solving and innovation.

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CPA Practice

FEBRUARY 28, 2025

Most farmers and fishers who chose to forgo making estimated tax payments by January that they must generally file their 2024 federal income tax return and pay all taxes due by March 3, 2025.

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income tax tax return Tax 116

Accounting Today

FEBRUARY 28, 2025

KPMG Law US, based in Arizona, will deliver legal services powered by artificial intelligence and KPMG Digital Gateway.

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CPA Practice

FEBRUARY 28, 2025

The March 21 BOI reporting deadline is no longer in effect, and no fines, penalties, and enforcement actions will be taken until a forthcoming interim final rule from FinCEN becomes effective and sets a new BOI filing due date.

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Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

Finance

Insightful Accountant

FEBRUARY 28, 2025

Voting for both the U.S. and International ProAdvisor Awards begins at 12:01 AM Eastern time Tonight, Saturday, March 1, 2025.

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ThomsonReuters

FEBRUARY 28, 2025

As discussed in my previous post, tax reform is a complex jigsaw puzzle where various groups compete to be heard. As these voices cross paths, the legislative process becomes more convoluted. Nowhere is this seen more than in the constant tug of war between Congress and special interest groups. The influence of special interest groups on tax reform As you can imagine, special interest groups play a significant role in shaping tax reform.

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CPA Practice

FEBRUARY 28, 2025

Avalara, Inc., a provider of tax compliance automation software, has released its updated connector for Salesforces Revenue Cloud, now available on Salesforce AppExchange, a leading enterprise cloud marketplace.

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Accounting Today

FEBRUARY 28, 2025

Eide Bailly names chief people officer; KSM launches information technology services; and more news from across the profession.

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Randal DeHart

FEBRUARY 28, 2025

Navigating the world of finances can sometimes feel like trying to build a house without a blueprint. Between managing budgets, keeping track of expenses, and ensuring you're compliant with tax regulations, it's easy to feel overwhelmed. That's where your financial dream team comes in! Having the right people by your side can make all the difference in staying organized and achieving your business goals.

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CPA Practice

FEBRUARY 28, 2025

Lease accountants have the power and intelligence to massively impact their organizations portfolios. But are they doing it? Are their clients or the businesses they work for utilizing their expertise?

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Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Accounting Today

FEBRUARY 28, 2025

The usual March 1 deadline for farmers and fishers has been pushed to March 3, or further, for those impacted by natural disasters.

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CPA Practice

FEBRUARY 28, 2025

A Florida man pleaded guilty today to orchestrating a nearly decade-long scheme to promote an illegal tax shelter and commit wire fraud. He also pleaded guilty to assisting in the preparation of false tax returns for tax shelter clients.

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Going Concern

FEBRUARY 28, 2025

Welcome to the era of US accounting firms practicing law. KPMG’s request to Arizona to open a law practice there has been granted and they set right to bragging about it in a press release yesterday : Today, KPMG LLP, the U.S. audit, tax, and advisory firm, launched KPMG Law US, a subsidiary of KPMG LLP, marking a milestone as the first law firm owned by a Big Four firm to serve the US market.

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CPA Practice

FEBRUARY 28, 2025

In this video and podcast, Randy Johnston and Brian Tankersley, CPA, review ZOHO for Firms in their roundup of AI systems for accounting firms.

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

accounting and finance

Anders CPA

FEBRUARY 28, 2025

With rare exceptions, the practice of law is a business, and legal services are a product. To improve law firm profitability, think of your firm as a manufacturer. If law firms want to remain sustainable, they must prioritize profitability by balancing production volume and cost efficiency. Making data-driven adjustments can enhance cash flow and profitability, ensuring sustainability for the firm and improved services for clients.

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ThomsonReuters

FEBRUARY 28, 2025

Blog home The IRS published the final Form 6765 and its instructions for the tax year 2024 on February 10, 2025. This form is used to claim the credit for increasing research activities. The IRS is seeking feedback on the form and instructions until June 30, 2025, to ensure that the instructions for tax year 2025 (processing year 2026) are clear and up to date.

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CTP

FEBRUARY 28, 2025

Technological competence for tax practitioners is receiving increased attention from the IRS. Circular 230, which outlines rules governing those who practice before the IRS, has an entire section on competence. According to this guidance, tax practitioners must have the knowledge, skill, thoroughness, and preparation for any tax engagement they take on.

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Accounting Today

FEBRUARY 28, 2025

Intapp, during its Intapp Amplify event in NYC on Feb. 26, announced new AI-driven improvements to Intapp's Time, Walls and Assist products.

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

CPA Practice

FEBRUARY 28, 2025

Yasmine Acebo makes her living by hooking up renters with deals on Austin apartments. In recent months, they havent been hard to find.

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Accounting Today

FEBRUARY 28, 2025

The Big Four firm's audit projects are not impacted, sources say.

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Inform Accounting

FEBRUARY 28, 2025

Tax efficient investment comes with varying risk profiles, from high to low. We look at both ends of the spectrum. Venture capital schemes These offer generous tax incentives to individuals investing in young, higher risk companies which are not listed on a recognised stock exchange, and would otherwise struggle to access finance.

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Accounting Today

FEBRUARY 28, 2025

A primer on what diversity, equity & inclusion mean in the profession and what they don't.

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Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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Patriot Software

FEBRUARY 28, 2025

Several states require that employers give tax notices to employees regarding their possible eligibility for the Earned Income Tax Credit (EITC, or EIC). The tax notice is typically IRS Notice 797, although you can give alternative notifications. EITC is a benefit for working people who make low to moderate income.

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income tax Tax payroll 56

Accounting Today

FEBRUARY 28, 2025

April users can now file in all 50 states; KSM launches IT services advisory; Expensify announces Expensify Travel; and other accounting tech news and updates.

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Patriot Software

FEBRUARY 28, 2025

For many businesses, invoicing customers is how you get paid. But manual invoicing processes can be time-consuming, and invoices can look unprofessional. Invoice generators streamline the essential invoicing process, which can speed up how quickly you get paid.

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Accounting Today

FEBRUARY 28, 2025

A small Pennsylvania auditor picked up a big tranche of engagements from another auditor that exited the field.

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Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

AP Automation

CPA Practice

FEBRUARY 28, 2025

More than 100 IRS offices that host taxpayer assistance centers appear to be on the chopping block as the Trump administration continues efforts to cut waste from the federal government. But any closures likely won't take place until after tax season.

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ThomsonReuters

FEBRUARY 28, 2025

Tariffs, a critical part of international trade, have helped shape economies and have been the cause of many disputes over the years. Well take a deep dive into what tariffs are, how they work, and who pays them. Well also discuss the current tariff landscape in the U.S., including recent trade tensions, and how to communicate the impacts of tariffs to clients and stakeholders.

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CPA Practice

FEBRUARY 28, 2025

Each year, the Internal Revenue Service puts together a Dirty Dozen list warning taxpayers, businesses, and tax professionals of tax scams to watch out for, and common schemes that threaten their tax and financial information.

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Going Concern

FEBRUARY 28, 2025

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

Technology