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1+ hour, 52+ min ago (169+ words) The pipeline problem remained top of mind for this year's Top 100 Most Influential People in Accounting, but many other issues " both directly related to the talent crisis or recently emerging " were also identified as areas to keep an eye on." We asked this year's candidates, "What is the most important issue currently facing the accounting profession?"" The Top 100 People shared what exactly is keeping them up at night, and we've included a selection of those responses here. As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What is the most important issue currently facing the accounting profession?" Platform Accounting Group expanded in Oregon; Springline Advisors acquired Actuarial Resources; Sorren added RTO; Patrick Accounting and Tax Services is buying Knight Home Care Financial. Steve Lockshin and Michael Kitces tied what they view as some mistaken assumptions around…...

1+ hour, 52+ min ago (641+ words) For decades, accounting has faced an image problem. It's seen by many as a career of endless spreadsheets, thankless busywork and too many late nights in fluorescent-lit offices. And for many accountants, that's the reality." It's no surprise, then, that young professionals have opted for other careers. This, combined with veteran accountants retiring at a faster rate than new professionals entering the field, has led to the current talent crisis. Yet, client demand and regulatory complexity are increasing and adding more pressure to already constrained resources. Accountants need to be wise enough to invest in technological change that will not only attract the next generation of accounting talent but also fundamentally reshape the economics of the field. Since the market is starting to evolve from AI hype, accounting leaders know that AI can improve tasks and streamline operations. But AI…...

2+ hour, 39+ min ago (323+ words) The SEC's Office of Investor Education and Assistance is issuing this Investor Bulletin to help educate retail investors about the ways investors can hold crypto assets. This Investor Bulletin provides an overview of types of crypto asset custody and provides tips and questions to help you decide how to best hold crypto assets. What is crypto asset custody? Crypto asset "custody" refers to how and where you store and access your crypto assets. You generally access crypto assets through a device or computer program referred to as a crypto wallet. Crypto wallets do not store crypto assets themselves; instead, they store the "private keys" or passcodes for your crypto assets. When you create a crypto wallet, the following two keys or passcodes are created: Together, these keys prove your ownership of the crypto asset and grant you the rights to…...

3+ hour, 58+ min ago (123+ words) CPA Firm Management Association appoints board of directors; EY names new Louisville office managing partner; and more news from across the profession." CPA.com and AICPA announce upgrades to DAS; Certinia winter release includes automation, insights, operations; Ramp touts 1099 solution; and other accounting tech news and updates. As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What is the most important issue currently facing the accounting profession?" Platform Accounting Group expanded in Oregon; Springline Advisors acquired Actuarial Resources; Sorren added RTO; Patrick Accounting and Tax Services is buying Knight Home Care Financial. Steve Lockshin and Michael Kitces tied what they view as some mistaken assumptions around fees to the competitive need for more estate planning services....

4+ hour, 16+ min ago (114+ words) CPA.com and AICPA announce upgrades to DAS; Certinia winter release includes automation, insights, operations; Ramp touts 1099 solution; and other accounting tech news and updates. As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What is the most important issue currently facing the accounting profession?" Platform Accounting Group expanded in Oregon; Springline Advisors acquired Actuarial Resources; Sorren added RTO; Patrick Accounting and Tax Services is buying Knight Home Care Financial. Steve Lockshin and Michael Kitces tied what they view as some mistaken assumptions around fees to the competitive need for more estate planning services. The House Ways and Means Committee passed three bills aimed at bolstering taxpayer rights....

17+ hour, 53+ min ago (97+ words) Platform Accounting Group expanded in Oregon; Springline Advisors acquired Actuarial Resources; Sorren added RTO; Patrick Accounting and Tax Services is buying Knight Home Care Financial. The House Ways and Means Committee passed three bills aimed at bolstering taxpayer rights. Business executives are most worried about the risks from cybersecurity and third parties, but see opportunities for growth in the next few years. Growth was led by tax (7%) and advisory (4%), followed by audit and assurance (3%) and business services outsourcing (2%). Accounting Today has issued a call for submissions for its 2026 Top New Products report....

18+ hour, 41+ min ago (468+ words) The wealth management industry's traditional fee model is blocking more financial advisors from providing valuable tax and estate planning services to clients, according to Steve Lockshin. "When you are compensated on assets under management, your primary focus is assets under management," Lockshin said, suggesting that it would be different if more advisors charged specific fees for tax and estate work on behalf of their clients. "Because there's no financial incentive, most people don't focus on it." "There is nothing worse than dealing with a survivor of an early death," Lockshin added. "It is just a nightmare, and it is so preventable. But, because advisors are not compensated for it, they just ignore it." In a Vanilla webinar last month, Lockshin and fellow entrepreneur Michael Kitces provided an accompanying practical business case for that moral framing with a frank discussion about…...

18+ hour, 57+ min ago (270+ words) The bill passed the committee by a unanimous vote of 41 to 0. The IRS is legally allowed to request that a taxpayer provide additional information necessary to arrive at a fair and accurate audit adjustment. In cases where taxpayers don't fully cooperate with such requests, the IRS can seek information related to the audit from third parties, like banks or employers." Like the other bill, it passed the committee with a unanimous vote of 41-0." The Innovate Less Lethal to De-Escalate Tax Modernization Act (H.R. 4242), introduced by Rep. Dave Schweikert, R-Arizona, would allow "less than lethal" devices such as tasers to avoid being subject to excise taxes. Currently, tasers are defined under federal regulation as "firearms" and subject to the 10% tax levied on sales of revolvers and pistols. The bill passed the committee by a more divided vote of 26 to 15. Smith's counterpart on…...

19+ hour, 40+ min ago (200+ words) The amendments are in response to feedback from the ISSB's consultation earlier this year. The changes are effective for reporting periods beginning on or after Jan. 1, 2026, with early application permitted. The board also issued amendments to align three SASB standards with the corresponding changes in IFRS S2. "Our priority in delivering targeted amendments to IFRS S2 GHG emissions disclosure requirements has been to provide a timely response to challenges," ISSB vice chair Sue Lloyd said in a statement. "We are confident that the amendments will bring real relief to companies applying ISSB standards without significantly" affecting the decision-usefulness of information for investors."" Business executives are most worried about the risks from cybersecurity and third parties, but see opportunities for growth in the next few years. Growth was led by tax (7%) and advisory (4%), followed by audit and assurance (3%) and business services outsourcing (2%). Accounting…...

20+ hour, 30+ min ago (508+ words) Business executives are most worried about the risks from cybersecurity and third-party exposure, but see opportunities for growth in the next few years, according to a new survey. The survey asked the business leaders about 28 different kinds of risk divided across three dimensions, focusing on macroeconomic, operational and strategic issues. Cybersecurity has become a major concern for many organizations and their chief information security officers, the survey found, especially with the proliferation of generative AI technology making it easier for cybercriminals to carry out cyberattacks, ransomware attacks, deepfakes and phishing schemes. He cited the rise of ransomware, supply chain attacks and other breaches, causing them to look internally at how exposed their organizations are and what kind of issues they face. "As individuals do business with companies, they expect that their data, their financials, are going to be protected," he…...