News

The accounting profession is facing a significant workforce challenge. Across the country, fewer students are pursuing accounting degrees, CPA exam participation has declined, and a generation of experienced professionals is approaching retirement. This talent gap is not just an industry issue – it affects businesses as well. What’s Behind the […]

The Internal Revenue Service has finalized significant updates to 1099 information reporting requirements that will take effect for payments made in calendar year 2026 – meaning these changes will apply when filings are made in early 2027. These adjustments come as part of the One Big Beautiful Bill Act passed […]

For years, accounting relationships were built primarily around compliance: tax returns filed accurately and on time, financial statements prepared, payroll processed, reports delivered. That baseline still matters. But in 2026, it is no longer enough. Today’s business owners operate in an environment defined by economic uncertainty, rising labor costs, evolving […]

The Powell Chamber of Commerce has appointed Kathy Warnick as Treasurer, recognizing her strong financial expertise, operational leadership, and commitment to the local business community. As Treasurer, Kathy will oversee the Chamber’s financial management, including budgeting, reporting, and fiscal planning, helping ensure transparency, accountability, and long-term sustainability. Her appointment reflects […]

Across the accounting profession, one trend is unmistakable: firms are expanding beyond traditional services and investing heavily in advisory capabilities. For business owners, this shift represents an opportunity. Historically, many firms centered their services on tax preparation, audits, and financial statement reporting. While these remain essential, they are increasingly viewed […]