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.

Tax franchises

Jackson Hewitt to pay some $187K for misleading ads

Some customers felt their refunds weren’t as much as the tax prep chain’s campaigns had suggested.

By Jeff Stimpson
Freelance writer

January 10
Accounting standards

Former FASB member Marc Siegel joins SASB

A longtime stalwart of the Financial Accounting Standards Board is now on the Sustainability Accounting Standards Board.

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

January 10
AT Think Team-building traditions that make the firm stand out

HMWC CPAs & Business Advisors holds an annual “Death March” that brings employees to some spectacular sights.

January 9

Gerald Herter

Integra International’s Americas, Asia, Australia & New Zealand (AAANZ) Chapter
Accounting firm networks

Allinial Global opens AG AdvantEdge division for smaller firms

The association of accounting and consulting firms hopes to attract more early-stage entrepreneurial firms.

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

January 8
CAS

BeachFleischman and GMLCPA create completely virtual firm

The new venture will serve the firms’ existing CAS clients, and has plans to expand in the future.

By Ranica Arrowsmith
Technology Editor

January 8
Revenue recognition

AICPA encourages private cos. to get ready for new rev rec standard

The deadline isn't far away for privately held businesses to begin adhering to the new rules.

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

January 8
State taxes

Update requirement for efiling may take tax pros by surprise

Over 30 states now have a 10 Business Day Rule in place.

By Roger Russell
Senior Editor

January 7

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.