Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
Taxes February 27, 2025
5 Security Questions CPA Firms Should Ask Tax Automation Vendors
With the current staffing shortage in the accounting profession, more and more firms are turning to technology to maintain productivity and service quality.
Auditing February 27, 2025
PCAOB Quizzes Auditors on New Confirmation Standard
This latest knowledge check, or informal quiz, highlights various aspects of the new confirmation standard, which was approved by the PCAOB in September 2023.
Mergers and Acquisitions February 27, 2025
Baker Tilly Set to Buy Hayflich CPAs in West Virginia
The top 10 accounting firm is planning to expand its presence in the Mid-Atlantic region saying Thursday it's intending to acquire Huntington, WV-based Hayflich CPAs.
Auditing February 27, 2025
Being Uncooperative During an Inspection Lands Audit Firm Partner in Hot Water With the PCAOB
Natalie Murphy, a now former audit partner at Heaton & Co., was censured and fined $50,000 by the Public Company Accounting Standards Board for violating U.S. auditing rules and standards, including failing to cooperate with an inspection.
Auditing February 26, 2025
PCAOB Cranked Up Enforcement Activity in 2024
Total monetary penalties levied by the Public Company Accounting Oversight Board set a new record for the third consecutive year in 2024 as the number of enforcement actions reached levels not seen since 2017, according to a new report released on Feb. 26 by Cornerstone Research.
Taxes February 26, 2025
IRS Says Contractor Leaked 400,000 Tax Returns, Nearly 6 Times More Than Previously Reported
The tax data was stolen and leaked to the media by Charles Littlejohn, a former government contractor who was convicted and sentenced last year to five years in prison.
Taxes February 26, 2025
AICPA Offers Strong Support for Disaster Tax Relief Bills in House
The Filing Relief for Natural Disasters Act would expedite the issuance of federal tax relief and provide the IRS with authority to grant tax relief once the governor of a state declares a disaster or state of emergency.
AICPA February 26, 2025
AICPA Submits Request for Updates, Request to Testify on Circular 230
The AICPA’s recommendations were submitted to clarify the proposed revisions to the Treasury’s standards, as well as other rules that tax and valuation practitioners must follow.
Firm Management February 26, 2025
Why Your People Leave: Creating a Culture That Makes Them Want to Stay
Creating a firm where people choose to stay isn't about policies or perks—it's about building an environment where work-life harmony thrives and professional growth feels limitless.
IRS February 26, 2025
Melanie Krause Named IRS Acting Commissioner as Douglas O’Donnell is Set to Retire
IRS chief operating officer Melanie Krause will be taking over as the agency's acting commissioner, a move that was announced by Treasury Secretary Scott Bessent on Monday after current IRS interim chief Douglas O'Donnell said he plans to retire on Feb. 28.
Small Business February 26, 2025
Tariff on Aluminum Expected to Pinch Craft Brewers, Cause Consumer Price Increase
Beyond malt, hops, yeast and water, aluminum is a key ingredient in the manufacturing process, used to make the cans for most of the craft beer sold at retail.
Firm Management February 26, 2025
AICPA Adds Rightworks Cloud and Security Program to Member Discount Program
The collaboration provides AICPA members with exclusive discounts on Rightworks WISP and Total Security solutions, empowering firms and small businesses to stay ahead of security threats.