Accounting

Accounting News & Professional Insight

Accounting Today delivers news, rankings, thought leadership, and analysis for accounting professionals so they can navigate change in standards, firm strategy, technology adoption, talent, and the overall business environment.

Accounting professionals are facing rapid transformation, including shifting professional standards, demographic change, technology disruption, practice consolidation, and changing expectations for advisory services. Our coverage surfaces these strategic dynamics and provides insights and analysis for firms, leaders, and the accounting profession.

AT Think Innovation requires a shift in mindset

It's not a question of keeping up with disruption -- it's a question of getting ahead of it.

February 25

Kacee Johnson

Blue Ocean Principles
Accounting standards

Buffett blames GAAP rule for $25B loss

Berkshire Hathaway posted a $25 billion loss in the fourth quarter, mainly due to a writedown from its stake in Kraft Heinz.

By Michael Cohn
Editor-in-chief, AccountingToday.com

February 25
AT Think Art of Accounting: Small firms need a network of experts

The complexity of everything that needs to be done is making running a practice more difficult for many small firms.

February 25

Edward Mendlowitz

Withum
Money laundering

EY probed in Denmark as Swedbank hires firm in laundering review

A report that the lender was involved in money laundering is being probed in Denmark over the Estonian dirty-money scandal surrounding Danske Bank.

February 25
Tax season

Tax season so far: Three weeks in

The IRS's latest data shows filings are off to a slightly slower start than last year -- but not much slower.

By Daniel Hood
Editor-in-chief

February 25
AT Think Hiring your first employee? Here’s what you should know

You did it. You went out on your own, started your own accounting practice, and now you’re on to the next step: growth.

February 22

Dave Nevogt

Hubstaff
Tax season

Taxpayers turning to accountants to help navigate new tax law

Consumers are confused this year about how the Tax Cuts and Jobs Act will affect them and are asking tax professionals for assistance with their taxes, according to a new survey.

By Michael Cohn
Editor-in-chief, AccountingToday.com

February 22

Resources

The latest Accounting Today research and discussion:

Predicting the next 15 years in accounting

Take a look at what the accountant and the accounting firm of the future will look like with AICPA chief Mark Koziel.

Sponsored by BILL
The changing world of government financial reporting

The serious new pressures facing governments of all sizes are changing their financial reporting, says GASB Chair Joel Black.

Sponsored by Intuit Quickbooks
Special Report Technology and CAS

Handling the compliance work that is the foundation of modern CAS while also creating time and insights for the advisory overlay that really drives its value to clients requires the careful deployment of a suite of technology tools — and that suite is constantly evolving, meaning accountants need a strategy to keep up.

Sponsored by Canopy

Accounting: Key Questions & Analysis

What are the key trends and strategies emerging from accounting industry leaders?

Top leaders are focused on structural challenges facing firms, including succession planning, evolving service mix, and long-term sustainability of traditional models.

How are accounting firms positioning themselves for the profession’s next phase?

Firm leaders are redefining and evaluating their strategy for growth. This includes investing in people and systems as well as rethinking how firms deliver value to address changing client needs and competition.

What role does professional identity play as accounting continues to change?

Debate continues over how accounting defines itself. This is due to accounting expanding into advisory, consulting, and technology-enabled services. These changes can raise questions about standards, training, and long-term credibility.

How are accounting firms managing leadership and succession risk?

Demographic shifts are accelerating in accounting. This means more firms are confronting leadership transitions and ownership succession which can create critical strategic risks that influence growth, culture, and valuation.