K-1 Bottlenecks Stretch Busy Season, Forcing Firms to Rethink Tax Workflows
More than 50% of K-1 work now hits in a three-month crunch,
By CPA Trendlines
AI
Value Pricing: Three Major Drivers
It’s a perfect storm. Embrace it.
By Jody Padar
Radical Pricing – By The Radical CPA
Ron Baker is known as the value pricing guru in the accounting space. He was way before his time in separating the price of labor from the value of a product. Labor-based pricing is based on the difficulty of doing a task. Value pricing looks at everything from the client’s viewpoint. His argument is as follows: the value you provide your customer, regardless of the deliverable, is worth way more than the hour.
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While value pricing isn’t new, automation has driven it to the forefront. Automation gives CPAs up to 90 percent more time to provide valuable services based on their expertise, knowledge base and experience.
Although it was clear the cloud was going to have a disruptive impact on our business model, Ron Baker would always explain: it’s not the technology that’s going to make value pricing the way to go, the value’s always been there.
K-1 Chaos: IRS Throws Rocks at Hornet’s Nest
Don’t get stung. Here’s how.
By CPA Trendlines
CPA Trendlines Academy
CPA Trendlines Academy
Bradley Burnett doesn’t start his 2025 Form 1065 program with a code section. He starts with a warning.
“Throwing rocks at a hornet’s nest,” says Burnett, JD, LLM, is what the IRS is doing to tax preparers. And then he delivers the line that drives the room quiet: “IRS has the bug spray, not us.”
2025 Forms 1065 and K-1s: IRS Throws Rocks at Hornet’s Nest with Bradley Burnett, J.D., LL.M
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The metaphor isn’t about audits. It’s about penalties. The practical risk of partnership returns has less to do with aggressive positions and more to do with incomplete disclosures, mismatched coding and mechanical errors. The danger is not interpretation. It’s the process.
“If the preparer does not do everything that IRS asks us to do,” Burnett warns, “it’s the taxpayer and preparer that get stung.”
Trusts Aren’t Just for the Wealthy
Six ways they can be used.
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Danny Lohrfink is the co-founder and chief product officer of Wealth.com. Previously, he was business lead of SoFi’s wealth management division, SoFi Invest, and held several roles at Goldman Sachs Private Wealth Management, including VP on the PWM Management team. |
By Danny Lohrfink
The Holistic Guide to Wealth Management
Contrary to popular belief, a person’s net worth is not the only – or most important – factor when deciding if a trust is appropriate for them. After all a trust is simply an agreement between someone who owns an asset and a trusted person whom they choose to hold and manage that asset for them.
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This common misconception that trusts are only for the wealthy has long prevailed as a leading narrative because of the historically high costs associated with establishing and managing a trust. These costs presented a barrier for many individuals who lacked the financial resources to hire an expensive estate planning attorney. The result was that only the wealthy had these vehicles because they were the only people who could afford them.
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Six Disruptors in the Accounting Profession
They have big ideas and deep pockets.
By Jody Padar
The Radical CPA
Change isn’t just knocking at your door; it’s kicking it down. We’re in the middle of a major transformation because of new players, cutting-edge technologies and a financial surge. The rules are being rewritten before our very eyes.
MORE by Jody Padar
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If you consider accounting a giant chessboard, many players are making strategic moves. You have the old-school firms on one side who are navigating a rapidly changing landscape. On the other side, you have the new-school disruptors. These innovative entities are reshaping the industry with cutting-edge technologies and fresh approaches.