Accounting and tax articles, news, products, podcasts, and videos from CPA Practice Advisor
Top News
Accounting April 4, 2025
Young Accounting Leaders Honored: CPA Practice Advisor Announces ’40 Under 40′ and ’20 Under 40′ Awards
This year’s 40 Under 40 Honorees and 20 Under 40 Influencers are active in professional organizations, as well as in their local communities, where many are small business owners and employers.
IRS April 4, 2025
IRS Job Cuts Hit Civil Rights Office
The IRS began implementing a reduction in force Friday that will result in staffing cuts across multiple offices and job categories, with the agency's Office of Civil Rights and Compliance getting the brunt of it today.
Mergers and Acquisitions April 4, 2025
Capstone Accounting and Tax Secures Private Equity Investment
Formerly known as Capstone CPAs, Capstone Accounting and Tax said the outside capital will provide the financial and strategic support needed to accelerate its long-term growth, strengthen client service offerings, and expand its market presence through mergers and acquisitions.
General News April 4, 2025
Fed Chairman Warns Trump Tariffs Raise Inflation Risks and Could Slow Growth
Federal Reserve Chairman Jerome Powell said Friday that President Donald Trump's "Liberation Day" global tariffs will lead to "higher inflation and slower growth" in the coming months.
Accounting April 4, 2025
CPAClub Opens Club 22 Network to Accounting, Finance Professionals
The accounting solutions provider has launched Club 22, a professional network that brings accounting and finance professionals together through experiential learning and shared growth.
Accounting April 4, 2025
Strategies for Family Practice CPAs – The Accounting Technology Lab Podcast – April 2025
Randy Johnston and Brian Tankersley, CPA, discuss strategies needed to efficiently run a family tax and accounting practice. Watch the video, listen to the audio podcast below, or read the transcript.
Accounting April 4, 2025
Xero and Sumday Partner to Give Users 12 Months of Free Carbon Accounting Tools
This offering also provides small businesses and their accounting and bookkeeping partners with valuable training, templates and resources to enhance their carbon accounting skills.
Taxes April 4, 2025
Survey Shows How and When Taxpayers File, Common Errors, And How They Spend Their Refunds
More than one-quarter of respondents (28%) noted that filing their taxes incorrectly is a top concern during tax season, and another 14% are concerned about not understanding the tax filing process or requirements.
Tax News
IRS April 4, 2025
IRS Job Cuts Hit Civil Rights Office
The IRS began implementing a reduction in force Friday that will result in staffing cuts across multiple offices and job categories, with the agency's Office of Civil Rights and Compliance getting the brunt of it today.
Taxes April 4, 2025
Survey Shows How and When Taxpayers File, Common Errors, And How They Spend Their Refunds
More than one-quarter of respondents (28%) noted that filing their taxes incorrectly is a top concern during tax season, and another 14% are concerned about not understanding the tax filing process or requirements.
Taxes April 4, 2025
The Tax Blotter – April 2025
The Tax Blotter is a round-up of recent tax news and Tax Court rulings.
IRS April 3, 2025
Fired IRS Probationary Employees Set to Return to Work April 14
Those who were casualties of the Trump administration's federal cost-cutting purge in February but later reinstated and put on paid leave last month after two court rulings have been told to come back to their jobs on April 14.
Taxes April 3, 2025
Trump Likens Tariffs to Successful Surgery: ‘The Patient Lived and is Healing’
President Donald Trump, in the wake of his sweeping tariffs announcement on Wednesday, took a victory lap Thursday morning, posting on Truth Social that he had saved the American economy.
Taxes April 3, 2025
Here is the Full List of Trump’s ‘Reciprocal’ Tariffs
These are the nations, many of them staunch U.S. allies, that President Donald Trump has claimed take advantage of the U.S. through unfair trade practices.
Taxes April 2, 2025
President Trump Declares ‘Liberation Day,’ Sweeping Tariffs on Goods Worldwide
In a Rose Garden speech on April 2, Trump said the U.S. would begin applying a universal baseline tariff of 10% on imported goods from all foreign countries.
Mergers and Acquisitions April 2, 2025
Global Tax Management Acquires DuCharme, McMillen & Associates’ State Income Tax Practice
As part of the deal, GTM and DMA have entered into a strategic alliance, and the acquisition complements GTM's existing income tax practice.
Accounting News
Accounting April 4, 2025
Young Accounting Leaders Honored: CPA Practice Advisor Announces ’40 Under 40′ and ’20 Under 40′ Awards
This year’s 40 Under 40 Honorees and 20 Under 40 Influencers are active in professional organizations, as well as in their local communities, where many are small business owners and employers.
Mergers and Acquisitions April 4, 2025
Capstone Accounting and Tax Secures Private Equity Investment
Formerly known as Capstone CPAs, Capstone Accounting and Tax said the outside capital will provide the financial and strategic support needed to accelerate its long-term growth, strengthen client service offerings, and expand its market presence through mergers and acquisitions.
Accounting April 4, 2025
CPAClub Opens Club 22 Network to Accounting, Finance Professionals
The accounting solutions provider has launched Club 22, a professional network that brings accounting and finance professionals together through experiential learning and shared growth.
Accounting April 4, 2025
Strategies for Family Practice CPAs – The Accounting Technology Lab Podcast – April 2025
Randy Johnston and Brian Tankersley, CPA, discuss strategies needed to efficiently run a family tax and accounting practice. Watch the video, listen to the audio podcast below, or read the transcript.
Accounting April 4, 2025
Xero and Sumday Partner to Give Users 12 Months of Free Carbon Accounting Tools
This offering also provides small businesses and their accounting and bookkeeping partners with valuable training, templates and resources to enhance their carbon accounting skills.
Accounting April 4, 2025
Gartner Finance Survey Reveals the Top 10 Technologies for Future Investment in Finance
Finance leaders are focused on AI-enabled technology solutions and intelligent process automation to align their finance technology investments with broader business goals to enhance speed, agility, and competitive advantage.
Mergers and Acquisitions April 4, 2025
Gordon Advisors Merges in The Henry Group in Michigan
Troy, MI-based accounting firm Gordon Advisors is combining with fellow Troy-based practice The Henry Group in a move that expands Gordon's capabilities and enhances its depth of expertise.
Accounting April 3, 2025
AI in Accounting: Moving Beyond Adoption to Enhance Client Outcomes
It’s clear that artificial intelligence is revolutionizing the industry by optimizing operations in areas like financial analysis, transaction processing, and reconciliation. But are we using AI strategically, or just automating routine tasks?
Payroll News
IRS April 4, 2025
IRS Job Cuts Hit Civil Rights Office
The IRS began implementing a reduction in force Friday that will result in staffing cuts across multiple offices and job categories, with the agency's Office of Civil Rights and Compliance getting the brunt of it today.
Payroll April 4, 2025
4 Steps to Take Toward Financial Spring Cleaning
Spring is the perfect time to open some windows, plant some flowers, and freshen up the money goals you set at the start of the year. Here are four things to focus on.
IRS April 3, 2025
Fired IRS Probationary Employees Set to Return to Work April 14
Those who were casualties of the Trump administration's federal cost-cutting purge in February but later reinstated and put on paid leave last month after two court rulings have been told to come back to their jobs on April 14.
Payroll April 3, 2025
Continuing Jobless Claims in the U.S. Rise to Highest Level Since November 2021
Continuing claims, a proxy for the number of people receiving unemployment benefits, increased to 1.9 million in the week ended March 22, slightly higher than economists expected.
Payroll April 1, 2025
3 Ways to Know if Your 401(k) is Too Aggressive
Aggressive 401(k) portfolios have a high exposure to stocks and stock funds, making them more volatile over the short term.
Payroll March 31, 2025
Taxpayer Absorbs Full Tax Weight on Hardship Distribution
If a taxpayer is in dire need, the taxpayer may choose to take a “hardship distribution” from a qualified retirement plan. However, as shown in a new case, Campana, TC Memo 2025-23, 3/19/25, this doesn’t absolve any tax liability.
Payroll March 31, 2025
Patriot Payroll Ranks First for Payroll Tax Filing
U.S. News & World Report compared price, tax filing support, integrations and automations, and more to determine which popular payroll software options made the 2025 Best Payroll Software list.
Payroll March 31, 2025
Why Trusting Social Media for Financial Advice is a Terrible Idea
While social media may be a popular way to access low-cost financial advice, it’s a horrible resource for a number of reasons—here’s why.
Technology News
Accounting April 4, 2025
CPAClub Opens Club 22 Network to Accounting, Finance Professionals
The accounting solutions provider has launched Club 22, a professional network that brings accounting and finance professionals together through experiential learning and shared growth.
Accounting April 4, 2025
Strategies for Family Practice CPAs – The Accounting Technology Lab Podcast – April 2025
Randy Johnston and Brian Tankersley, CPA, discuss strategies needed to efficiently run a family tax and accounting practice. Watch the video, listen to the audio podcast below, or read the transcript.
Accounting April 4, 2025
Gartner Finance Survey Reveals the Top 10 Technologies for Future Investment in Finance
Finance leaders are focused on AI-enabled technology solutions and intelligent process automation to align their finance technology investments with broader business goals to enhance speed, agility, and competitive advantage.
Accounting April 3, 2025
AI in Accounting: Moving Beyond Adoption to Enhance Client Outcomes
It’s clear that artificial intelligence is revolutionizing the industry by optimizing operations in areas like financial analysis, transaction processing, and reconciliation. But are we using AI strategically, or just automating routine tasks?
Technology April 3, 2025
Laying the Foundations to Measure Value from Investment in AI: 3 Key Priorities
Finance teams should consider three key foundational areas of focus when seeking to harness AI's transformative potential to drive and quantify value.
Technology April 2, 2025
AvidXchange Unveils New AI Agents to Elevate Accounts Payable Processes
As part of AvidXchange’s 2025 trends report, which surveyed 500 mid-market finance leaders, it was reported that 76% of finance departments recognize the value of using AI within their finance department to improve efficiency and decision-making.
Firm Management April 1, 2025
Navigating the Accounting Firm Capacity Puzzle
Leaders are always looking at managing capacity to allow their firms to thrive in the face of shifting client expectations, evolving technology and a competitive labor market.
Firm Management March 28, 2025
Tech Essentials for Family Practice CPAs – The Accounting Technology Lab Podcast – March 2025
In this video and podcast, Randy Johnston and Brian Tankersley, CPA, discuss the fundamentals of the technology needed to efficiently run a family tax and accounting practice. Watch the video, listen to the audio podcast below, or read the transcript.
Firm Management News
Mergers and Acquisitions April 4, 2025
Capstone Accounting and Tax Secures Private Equity Investment
Formerly known as Capstone CPAs, Capstone Accounting and Tax said the outside capital will provide the financial and strategic support needed to accelerate its long-term growth, strengthen client service offerings, and expand its market presence through mergers and acquisitions.
Accounting April 4, 2025
Strategies for Family Practice CPAs – The Accounting Technology Lab Podcast – April 2025
Randy Johnston and Brian Tankersley, CPA, discuss strategies needed to efficiently run a family tax and accounting practice. Watch the video, listen to the audio podcast below, or read the transcript.
Accounting April 4, 2025
Gartner Finance Survey Reveals the Top 10 Technologies for Future Investment in Finance
Finance leaders are focused on AI-enabled technology solutions and intelligent process automation to align their finance technology investments with broader business goals to enhance speed, agility, and competitive advantage.
Mergers and Acquisitions April 4, 2025
Gordon Advisors Merges in The Henry Group in Michigan
Troy, MI-based accounting firm Gordon Advisors is combining with fellow Troy-based practice The Henry Group in a move that expands Gordon's capabilities and enhances its depth of expertise.
Firm Management April 3, 2025
Frazier & Deeter Gets Capital Infusion From PE Firm General Atlantic
Frazier & Deeter is the latest top 50 accounting firm to receive a bump in capital from a private equity firm, announcing Thursday a strategic growth investment from General Atlantic.
Accounting April 2, 2025
7 Accounting Firms Make Fortune’s 2025 ‘100 Best Companies to Work For’ Ranking
Seven of the 15 largest accounting firms in the U.S. are included in Fortune magazine's ranking for 2025, and one of those seven made Fortune's annual list for the very first time this year.
Mergers and Acquisitions April 2, 2025
Global Tax Management Acquires DuCharme, McMillen & Associates’ State Income Tax Practice
As part of the deal, GTM and DMA have entered into a strategic alliance, and the acquisition complements GTM's existing income tax practice.
Mergers and Acquisitions April 2, 2025
EisnerAmper Merges in Prague & Co. in Massachusetts
The top 20 accounting firm is expanding its presence in the Boston area by combining with full-service CPA firm Prague & Co. in a deal expected to close this spring.
Webinars
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.
January 29, 2025
Archived Webcast: New Year, New Legal Entity
Clients just starting out need insight on which legal structure to select for their business. Seasoned entrepreneurs may need insight as their company grows and the entity once selected may not be as advantageous as it once was. The New Year is an ideal time to get a refresh on business entity options for your…