Workflow remains a major issue for accounting firms, according to the findings of the third annual Accounting Firm Operations and Technology Survey. The recently released results of the study found that workflow efficiency was the biggest technology challenge for 34 percent of respondents, while managing workflow was the third largest issue cited in managing a firm.

The number of returns prepared and stores operated by Liberty Tax Service were down for the 2016 tax season. But when the company ended its fiscal year on April 30, net income more than doubled and revenue was up by 7 percent over fiscal 2015 with revenue from tax preparation fees and financial products rising as the company cut expenses by 4 percent and realized an increase of 5.3 percent in the average net fees

The 10 best CPA Firms for 2016 have been named by the Accounting & Financial Women's Alliance and the American Women's Society of CPAs. The organizations also said the 2016 Accounting Move Project found that women represent 23 percent of the partners and principals at the 49 firms participating in Move, which benchmarks the status of women in the leadership pipeline, compared to 17 percent in 2012.