CPA Practice Advisor

CPA Practice Advisor serves as a valuable resource for technology and practice management tailored specifically for accounting and tax professionals. Available in both online and print formats, it publishes nine print issues throughout the year (in January, April-May, June, July, August, September, October, November, and December). This schedule aligns with the annual workflow of tax and accounting experts. By not releasing print issues in the early months of the year, the publication aims to reduce mail for professionals who typically experience their peak workload from February to April 15, the deadline for filing individual tax returns in the U.S.

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Trump Hints July 4 Deadline Could Change for Tax Bill

15 hours ago | cpapracticeadvisor.com | Jason Bramwell

By Dave GoldinerNew York Daily News(TNS)President Trump on Friday hinted his self-imposed July 4 deadline could move for congressional Republicans to pass his sprawling "big, beautiful bill" of massive tax and spending cuts. With Republicans squabbling over key provisions, Trump for the first time eased up on his previous ironclad demand that lawmakers get the bill to his desk by the Independence Day holiday. "It's not the end-all.
Tax Carveout for Hillsdale College Ruled Out of Trump's Bill

16 hours ago | cpapracticeadvisor.com | Jason Bramwell

By Melissa Nann BurkeThe Detroit News(TNS)WASHINGTON ― A provision in the Senate Republicans' version of the tax and budget bill that would have exempted Hillsdale College and others like it from a hike in the tax on private college and university endowments has been knocked out.
Trump Ends Trade Talks With Canada, Threatens to Set Tariff

16 hours ago | cpapracticeadvisor.com | Jason Bramwell

By Akayla GardnerBloomberg News(TNS)WASHINGTON - President Donald Trump said he was ending all trade discussions with Canada after claiming the country moved to implement a digital services tax and threatened to impose a fresh tariff rate within the next week. "Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately.
U.S. Economy Shrinks as Americans Spend Less

20 hours ago | cpapracticeadvisor.com | Jason Bramwell

By Emma NelsonStar Tribune(TNS)Americans spent less money last month, shrinking the economy and putting economists on high alert. According to federal data released Friday morning, consumers spent nearly $30 billion less in May than in April. Personal spending makes up the lion's share of the U.S. economy, and uncertainty about where economic policy is headed and whether a recession is on the horizon had many consumers pulling back.
Wiss and Rillet Partner on Co-Sourced Accounting Model for Businesses

20 hours ago | cpapracticeadvisor.com | Jason Bramwell

Top 100 accounting firm Wiss and AI-native enterprise resource planning platform Rillet announced June 26 a strategic partnership that will allow businesses to gain access to a co-sourced accounting model that blends technology and expert advisory services. Rillet's software automates core accounting tasks, such as invoicing, monthly closes, and financial reporting, while Wiss provides outsourced accounting support, financial reporting expertise, and tailored strategic advisory.
Ledgre Launches AI Tax Assistant for Rental Property Owners

21 hours ago | cpapracticeadvisor.com | Jason Bramwell

Ledgre, an artificial intelligence-driven accounting platform built for landlords and real estate investors, has just launched Ledgy, a new AI tax assistant designed to simplify and support the tax and bookkeeping experience for rental property owners. Ledgy combines intelligent automation with CPA‑level tax knowledge to help landlords save time, reduce errors, and make more informed financial decisions.
Intuit Rolls Out AI Agents for QuickBooks

22 hours ago | cpapracticeadvisor.com | Jason Bramwell

Intuit has launched a set of artificial intelligence agents for QuickBooks that, according to the Mountain View, CA-based company, will automate workflows and, when combined with human experts, deliver real-time insights and improve cash flow for businesses. Embedded in the Intuit platform, the AI agents provide QuickBooks customers with a virtual team working on their behalf while the business "is always in control," the company said.
Recurring Jobless Claims Jump to Highest Level Since November 2021

23 hours ago | cpapracticeadvisor.com | Jason Bramwell

By Nazmul AhasanBloomberg News(TNS)Recurring applications for U.S. unemployment benefits rose to the highest since November 2021, extending a sharp increase over the past 1 1/2 months and signaling more people are staying out of work for longer. Continuing claims, a proxy for the number of people receiving benefits, increased to 1.97 million in the week ended June 14, according to Labor Department data released Thursday. That was above all estimates in a Bloomberg survey.
House Freedom Caucus Members Bash Senate Over Clean Energy Credits in Trump's Tax Bill

1 day ago | cpapracticeadvisor.com | Jason Bramwell

By Rachel Cohennj.com(TNS)Several members of the House Freedom Caucus slammed a "major problem" in President Donald Trump's "big, beautiful bill" on Thursday as Republican leadership hopes to advance the bill through the Senate by next week. In an opinion column for Newsweek, the far-right band-Reps.
Baker Tilly to Acquire KraftCPAs in Tennessee

1 day ago | cpapracticeadvisor.com | Jason Bramwell

Top 10 accounting firm Baker Tilly is expanding its presence in the Southeast, announcing Thursday its intention to acquire Nashville, TN-based KraftCPAs, an INSIDE Public Accounting top 150 firm. Financial terms of the deal weren't disclosed. With Tennessee offices in Nashville, Chattanooga, Columbia, and Lebanon, KraftCPAs has a staff of more than 250 people.