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 Your October tax crunch is self-inflicted

The October tax nightmare is not caused by the deadline. It's caused by treating July and August as downtime.

August 4

Angel Zhen

Angel Zhen CPA APC
Succession planning

NASBA board leadership changes after vice chair resigns

National Association of State Boards of Accountancy vice chair J. Coalter Baker stepped down to focus on his health.

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

August 3
Accounting standards

FASB adds project on goodwill impairment

The Financial Accounting Standards Board decided during a board meeting to add a project on goodwill impairment testing to its technical agenda.

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

August 3
Small business

Small business cash flow comes under pressure

Sales are continuing to improve at small businesses, but cash flow remains under pressure, according to a new report from Xero.

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

July 31
Technology

Tech news: Luca IQ launches e-file approved tax engine for CPAs

Plus, Workday touts new Financial Audit Agent; Cherry Hill Advisory launches AI-enabled internal audit services; and other accounting tech news and updates.

By Chris Gaetano
Technology Editor

July 31
AT Think What the IRS's Tax Professional Management Office means for preparers and EAs

The IRS recently changed how it oversees every credentialed tax professional in the country. Most practitioners had no idea it was coming.

July 31

Allison Rinehimer

Ledger Labs
AT Think Why cloud bookkeeping is more than a concept

There was a time, not long ago, when bookkeeping firms were apprehensive of cloud solutions. Those days are fading for modern bookkeepers.

July 31

Sangeeta Chhabra

Ace Cloud Hosting

Resources

The latest Accounting Today research and discussion:

Client strategies

Accounting firm services

Practice management

CAS
Your clients don't value what you do

By Daniel Hood

May 13
Special Report Taking a CAS practice to the next level

CAS is evolving from a focus on transactions to an emphasis on advisor services — and firm's practices are evolving, too, with new skillsets, new services, new approaches to client service, and new staffing and pricing models.

Sponsored by Avalara
From curious to capable: The AI journey for accounting firms

AI is impacting how accounting firms operate and serve clients. In what ways? Listen to learn more.

Partner Insights from rightworks

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.