Explore how the shift to remote work is transforming firm management in the accounting industry, focusing on technology, security, and client engagement.
Read more...
Discover how quantum computing is poised to transform accounting, offering unparalleled speeds and efficiency in data processing, financial analysis, and real-time decision-making.
Read more...
Explore key trends in tax compliance affecting accountants today, including digitization, international regulations, and the role of technology in tax reporting.
Read more...
Explore the latest changes in sales tax compliance and economic nexus affecting businesses. Learn how recent rulings and technology are shaping tax strategies.
Read more...
Explore recent key shifts in accounting personnel across major firms like Deloitte, PWC, EY, and KPMG. Discover how these changes are influencing the industry's direction.
Read more...
Payroll isn’t just a back-office function; it’s a strategic engine that powers both financial performance and employee confidence. Every payroll run influences cash flow, compliance, and reporting accuracy, while shaping how employees perceive their value within the organization. This special report reframes payroll as a critical driver of financial discipline and a cornerstone of the employee experience, elevating it from…
Small businesses should be able to efile the form required for electing S corporation status, according to the American Institute of CPAs. The AICPA issued a comment letter to the Internal Revenue Service that said efiling Form 2553 would provide immediate, verifiable assurance of S election status and that currently the IRS's inability to verify that tne form has been filed results in delayed processing of S corp tax returns.
The AICPA said efiling would remove doubt about when a form was filed and acknowledged by the government. The organization also recommended the form be modified to identify each type of shareholder and how the stock is held. It also wants to ensure that the name, address and taxpayer identification number of each shareholder is not disclosed to every other shareholder who has to sign the form.