Trending Articles

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The Path to Becoming a Process Lead at AccountingDepartment.com

AccountingDepartment

A Process Lead at AccountingDepartment.com plays a crucial role in our Implementation team's support of new client onboarding. Those who occupy this role are people who thrive in a fast-paced environment, enjoy working with a variety of personalities, and possess strong communication skills. Accuracy, attention to detail, and follow-through are also critical for success in this position.

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The Importance of the Statement of Cash Flows

Basis 365

I recently had a conversation with a prospective customer who was puzzled by why their net income wasn't translating into a higher cash balance. A quick review of their balance sheet immediately revealed the issuethey had invested significantly in expensive vehicles, coupled with substantial loan obligations. To clearly illustrate the disconnect between their reported profits and actual cash available, the most effective tool to use was the Statement of Cash Flows.

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Seattle Tax Resolution Services: How Mike Habib, EA, Can Help Individuals and Businesses Resolve Tax Problems

MyIRSRelief

Seattle, Washington, is a bustling hub of innovation, commerce, and culture. From its iconic Space Needle to its thriving tech industry, the city is home to countless individuals and businesses striving for success. However, amidst the hustle and bustle, tax issues can arise, creating stress and financial strain for taxpayers. Whether its unfiled tax returns, back tax debt, 941 payroll tax issues, IRS levies, garnishments, or audits, these challenges can feel overwhelming.

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Here Are Tax and Audit Salaries at Top 25, Top 300, and Regional Firms

Going Concern

Recruiting firm Brewer Morris has released its 2025 US CPA salary guide and should you want to read the whole thing you can request it from them here. Perhaps you, like us, were getting bombarded with ads for it on Reddit and have already seen it. It’s actually pretty cool how they do this guide. In it, they share some salaries for the 114 placements they made in 2024 including the position and city, like a tax manager in San Francisco getting $145,000 at a mid-size firm and an audit senio

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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Common Startup Accounting Mistakes (And How to Avoid Them)

BurklandAssociates

Smart founders avoid financial pitfalls. Learn the top accounting mistakes startups make and how to fix them before they derail your business. The post Common Startup Accounting Mistakes (And How to Avoid Them) appeared first on Burkland.

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How Sales Tax Impacts M&A - Part 2

TaxConnex

Last time we looked at the damage that one companys past sales tax exposure and liability can do to an M&A deal. In that part, well examine what can be done about this exposure. Mitigation How can either or both parties in an M&A mitigate this exposure through further research or jurisdictions programs? (Bear in mind the buyer may be the one to determine mediation as part of due diligence or escrow.

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Jeremy Wortman Breaks Down Innovative Talent Strategies

Canopy Accounting

In this episode of Canopy Practice Success, host KC Brothers interviews Jeremy Wortman, an organizational psychologist with a unique background in consulting for the accounting profession. Jeremy discusses how his work initially took off during his dissertation years, where he created a workshop on ethical decision-making in business. The conversation shifts to the importance of emotional intelligence (EQ) in the workplace, emphasizing how it drives employee engagement and business growth.

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How TCS Guernsey Reduced AP Tasks From 3 Days to 10 Minutes

Accounting Insight

Founded in 2019, TCS Guernsey supports local businesses with outsourced bookkeeping and payroll services. Understanding that business owners didnt start their companies to manage paperwork and reconcile accounts, TCS Guernsey removes the stress of bookkeeping and takes on these time-consuming tasks, allowing their clients to focus on growing their business.

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Six Smart Questions for An Accurate and Timely Financial Close

Withum

Are you struggling to maintain accuracy and timeliness in your monthly or quarterly financials? These six strategic questions can help you create a framework for achieving precision and timeliness in your financial reporting. Have you established a detailed checklist that specifies all closing activities, assigns responsible individuals, sets clear deadlines, and is shared with everyone involved in the closing process?

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Why Outsourced Accounting is Becoming the “New Normal”

Basis 365

The business landscape has evolved significantly in the wake of the pandemic. Companies across industries were forced to rethink their operational strategies, especially in critical areas like finance and accounting. Remote work, digital collaboration, and cloud-based technology became essential tools for survival. As businesses continue adapting to this new normal, one trend has gained significant traction: outsourced accounting.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Avoid Double Taxation: Don’t Buy Real Estate in Your Corporation

LSLCPAs

Youve worked hard to grow your business, and now you’re ready to invest in commercial real estate. The cash is in your corporation, so buying the building through your company seems like the simplest choice. But when it comes to real estate and entity structure, what seems simple today could turn into a costly mistake. The post Avoid Double Taxation: Dont Buy Real Estate in Your Corporation appeared first on LSL CPAs.

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Mastering tariff series Part 2: Avoiding or delaying tariffs with ONESOURCE FTZ software

ThomsonReuters

Highlights: Foreign Trade Zones (FTZs) help companies reduce the impact of tariffs by deferring or avoiding customs duties, taxes, and tariffs, ultimately improving cash flow. Effective FTZ management requires careful tracking and reporting of goods within the zone Setting up an FTZ and implementing a suitable inventory control system takes time, so companies should start the process now to be prepared for increasing tariffs.

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Getting the Most from Proposal Software for Accountants

Canopy Accounting

Creating a proposal for a potential new client sets the tone for the professionalism they expect from your firm moving forward. Even the most prolific accountants struggle with creating quality proposals, whether the challenge is inconsistent formatting, manual errors, or other issues that could potentially undermine the firms credibility.

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LLCs vs. S Corporations vs. C Corporations: Choosing the Right Entity for Your Business

Withum

When starting your food or restaurant business, one of the most important decisions you’ll make is selecting the legal structure for your company. Each type of entityLLC (Limited Liability Company), S Corporation, and C Corporationcomes with its own advantages and disadvantages. Limited Liability Company (LLC) An LLC is a hybrid structure that combines the simplicity of a sole proprietorship or partnership with the liability protection of a corporation.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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All of Tennessee Qualifies for IRS Disaster Tax Relief After Severe Storms

CPA Practice

As a result of the severe storms, which included tornados and flooding, that began on April 2, taxpayers now have until Nov. 3 to file various individual and business tax returns and make tax payments.

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Analyzing Business Tax Returns in Divorce Cases

FraudFiles

Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Of course, there are other very important financial documents, but income tax returns provide summary information about of lot of financial issues, including income, expenses, and assets. I typically recommend reviewing three to five years [.

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How to budget for an ERP implementation project 

ThomsonReuters

As organizations increasingly rely on data-driven decision making, more chief financial officers (CFOs) are actively implementing enterprise resource planning (ERP) solutions. This shiftfacilitates smooth connectivity across various departments, boosts operational visibility, and strengthens financial reporting. Budgeting for an ERP implementation is key to the projects success and delivers measurable return of investment (ROI) for your organization.Lets walk through the essential steps to crea

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Keith Jones, CPA: Cutting Tax Resolution Time by 75% with Canopy

Canopy Accounting

Profile Keith Jones, CPA, is a tax resolution expert with over two decades of experience serving clients in rural northwest Florida and beyond. Growing his customer base while addressing complex tax cases presented operational challenges, especially with increased client needs and inefficient workflows. Keith was looking for a solution to simplify his day-to-day workload while enhancing his ability to deliver quality services.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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How E-Commerce Automation Supports Seamless Accounting Integration

Withum

Are you tired of juggling multiple platforms to keep your e-commerce and accounting systems in sync? Youre not alone. Many business owners face this challenge, but the solution lies in understanding how pre-configured e-commerce connectors and e-commerce automation tools can simplify your workflow. In this article, well explain how these connectors work, why they matter and what steps to take to get started.

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Here’s How Many Millions IRS Workers Owe in Back Taxes

CPA Practice

New legislation proposed by Sen. Joni Ernst (R-IA), called the "Audit the IRS Act," is aimed at ensuring that IRS employees are up to date with their taxes.

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Tax season draws to a close amid uncertainty over IRS, tax cuts

Accounting Today

In the final days of tax season, tax professionals have been grinding through their clients' tax returns while trying to reassure them.

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Embracing AI and closed-loop automation for tax exemption certificate management

ThomsonReuters

Blog home Imagine a world where mastering taxes becomes your company’s secret weapon for boosting total revenue. As businesses aim for greater efficiency and accuracy, artificial intelligence (AI) is a game-changer in handling exemption certificates. Thomson Reuters and CERTifyTax are leading this change by providing an automated solution that simplifies exemption certificate management (ECM), elevates the entire tax function, and positively impacts the bottom line.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Is your finance department firing on all cylinders?

Accounting Insight

A roadmap for a digital transition of the finance function that results in an agile finance department Imagine this everyday scenario: your finance team spends hours manually processing invoices, chasing approvals and fixing errors. The net results are late payments, compliance risks and frustrated suppliers. These outdated financial processes are costing your business valuable time and money.

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Pure Investing Logic

Withum

Any suggestions and illustrations in this blog are not intended as financial advice. They are my personal opinions. I heard the following on a TV and radio broadcast last week on a day the stock market dropped significantly, and the bond market increased. I did not take notes, so this is not an exact quote, but the sense of it is pretty much what was said. “What happened today highlights the reason why people should diversify a stock portfolio with longer-term bonds.

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Rectangle Health Launches PayerSync, Automating Payer-Provider Reimbursements

CPA Practice

Rectangle Health has launched PayerSync, a solution designed to digitize and accelerate the critical payer-to-provider payment process.Rectangle Health is a provider of healthcare payment solutions.

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States move beyond the 150-hour rule

Accounting Today

States are looking to add new pathways to CPA licensure, beyond the 150-credit requirement, amid an ongoing labor shortage.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Embracing the data revolution: How tax departments can get organized with data management

ThomsonReuters

Highlights: Tax teams face data overload or inefficient manual processes A data management strategy is crucial to centralize, integrate, automate and analyze Only 26% have tax data systems; 80% underinvest in tax technology Good data management transforms tax into a strategic business partner More than perhaps any other business department, tax teams rely heavily on data.

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Top tips: Choosing the right software for your accountancy firm

Accounting Insight

In todays world, embracing the right software tools for accountants is not just a matter of convenience; it’s a fundamental necessity. As the accounting landscape evolves, these tools become indispensable. While your first thought might jump to invoicing tools or actual accounting software, there is a whole world of possible tools that can help you streamline complex workflows, ensure your accountants remain agile in their roles, improve client communication, and more.

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NJBIZ Names Withum Team Members on Leaders in Finance Honorees List

Withum

Withum is proud to share that NJBIZ has recognized Pat Walsh , Managing Partner and CEO, and Jim Bourke , Partner and Managing Director of Advisory Services , as part of its 2025 Leaders in Finance honorees list. Their inclusion on this prestigious list highlights their dedication and expertise to financial leadership. Pat was recognized for his commitment to leading an inclusive and diverse workplace that supports Withums rich culture.

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Special Report: Finding the Tech Stack that Fits Your Firm

CPA Practice

A firm’s size doesnt dictate the type of technology it can use. Recent advances in AI, machine learning, automation and other others mean that small and boutique firms can use the same tools and get the same benefits from technology as large regional and national firms. Just make sure youre looking at your.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.