Tue.Oct 01, 2024

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Is Gen AI creating a pricing conundrum for CPAs?

Accounting Today

As more and more professional services organizations lean on AI-driven tools to enable new ways of working, there is some question as to how this will impact pricing models.

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Defining tech products and services for tax and regulatory compliance – part 1

TaxConnex

Information technology companies face a special challenge in sales tax and regulatory compliance, chiefly because of what you sell and how you sell it. What do you do exactly? Sell Software as a Service (SaaS)? Provide an information service? A telecom service? Your company probably fits into at least one of these categories – or more than one, which is where sales tax obligations and regulatory compliance can get complicated.

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The MSO/PC Advantage for Scaling a Healthcare Startup

BurklandAssociates

For healthcare founders, the MSO/PC model simplifies scaling, ensuring compliance with CPOM while allowing you to focus on delivering quality care. The post The MSO/PC Advantage for Scaling a Healthcare Startup appeared first on Burkland.

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Salary guide: Accountants expect disruption, will see average job growth

Accounting Today

LHH's 2025 Annual Salary Guide reports 56% of accounting professionals feel their roles are at risk of disruption by digitalization, automation and AI.

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Forecasting Failures Are Costly: Here's 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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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IRS Extends Tax Deadlines Until May For Helene Victims

CPA Practice

The IRS on Tuesday announced disaster tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of Alabama, Georgia, North Carolina, and South Carolina, as well as parts of Florida, Tennessee, and Virginia. Taxpayers in these areas now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments.

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AICPA asks for tax relief in aftermath of Helene and IRS grants it

Accounting Today

The American Institute of CPAs has sent a letter to the IRS asking for immediate tax relief in the wake of the hurricane, which caused widespread destruction in six states.

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Tax planning as the election nears

Accounting Today

This election season could have a more significant effect on tax policy than most. How can CPAs guide their clients through this potential volatility in tax policy?

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P **g Match of the Day: Deloitte vs. PwC Partner Pay

Going Concern

Exact numbers on EY UK partner pay haven’t been revealed yet but we do know that it isn’t going to be great. While we wait for those numbers and our shipment of tiny violins to arrive, figures on two other firms across the pond are out: Deloitte and PwC. TLDR: Big D partners won this round by quite a bit. Woe Be Unto PwC UK Partners PwC UK partners pocketed £862,000 on average for the year ended June 30, 2024 — that works out to more than $1.14 million in freedom units.

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IRS Draft Form 7217 Ready For Public Comment

CPA Practice

The IRS on Sept. 30 requested public comments on draft Form 7217 and instructions for draft Form 7217. Last month the IRS posted revised draft Form 7217, with the new title “Partner’s Report of Property Distributed by a Partnership.” This is a new form for tax year 2024 applicable to distributions to partners made during that tax year. The purpose of Form 7217 is to report all distribution of property that a partner receives from a partnership.

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Dave Blatt Joins Anders Technology to Introduce Robust AI Offerings

Anders CPA

Anders Technology welcomes Dave Blatt as a Technology Consulting Principal. Dave will lead Anders Technology’s AI and Automation services, empowering clients to achieve operational efficiencies and explore the innovative capabilities of AI. Anders is investing in these powerful solutions to help mid-tier businesses increase productivity, efficiency, scalability and cost-effectiveness.

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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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Public Accounting Salary Projections For 2025, According to Staffing Firm LHH

CPA Practice

Average public accounting salaries in audit/assurance are expected to range from $80,000 for an associate to $140,550 for a manager in 2025, while the average salaries for roles in tax are projected to range from $79,800 for an associate to $172,200 for a senior manager next year, according to LHH Recruitment Solutions. The global talent solutions provider recently released its 2025 Salary Guide , which includes pay expectations for a variety of positions in accounting and finance.

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Guide to AP Automation

Accounting Seed

Learn how Accounting Seed can automate your Accounts Payable to simplify payments, improve spend management, and drive faster growth.

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Avantax Acquires SEP Financial Services

CPA Practice

Avantax Inc., a unique community within Cetera Holdings and a provider of tax-focused financial planning and wealth management, has acquired SEP Financial Services, founded by veteran independent financial advisor Stephen E. Plain, who’s been affiliated with Avantax for 25 years. Plain chose to evolve his relationship with Avantax as the core to his succession plan, which involves his practice and clients transitioning to Avantax Planning Partners (APP), the employee-based model of Avantax.

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How Mutual Muse took circular fashion from trend to timeless

Xero

When you think of ‘circular fashion’ you might think of donating your old clothes and items to local charity shops, or online marketplaces. But what about consignment stores that pay you for your most-loved items and offer credit notes that allow you to refresh your wardrobe at the same time? That’s exactly what Kirsta Hawkins, owner of sustainable consignment store Mutual Muse, wanted to bring Australian shoppers when she opened her first store in 2014.

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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.

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BDO USA Adds 56 New Principals

CPA Practice

Top six accounting firm BDO USA has promoted 56 individuals to principal, effective Oct. 1. This latest class of rainmakers is slightly smaller than the 60 principals the firm added last year at this time. I’m pleased to welcome these talented individuals to our principal ranks and congratulate them on this significant career achievement,” BDO USA CEO Wayne Berson said in a statement.

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Frontrunner in Washington's gov. race defends capital gains tax

Accounting Today

Without an income tax, Washington has one of the most regressive tax systems in the U.S.

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IRS Looks to Improve Communication With Large Corporations During the Appeals Process

CPA Practice

As part of its ongoing efforts to expand online tools and improve user experiences for both individual and business taxpayers, the IRS announced on Monday it has launched a new pilot program to enhance secure messaging for large corporations with multiple representatives during the appeals process. From Sept. 30, 2024, through March 31, 2025, the IRS Independent Office of Appeals’ Secure Messaging Program Office is piloting “corporate group mailboxes,” allowing eligible business taxpayers with a

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The worst mistake an accountant can make – and how to avoid it

Mark Lee

A journalist once surprised me with a question I wasn’t anticipating: “What is the worst mistake accountants can make when they are trying to ‘close’ a prospective client?” When I later reflected on my instinctive reply I was satisfied it contained good advice – especially as some accountants may be unaware they are making this mistake. I have expanded on it below and explained the downsides of making the mistake in question.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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Ascend adds Lucas Horsfall

Accounting Today

The private equity-backed platform is adding Pasadena, California-based Lucas Horsfall.

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Sage Acquires Supply Chain Software Platform Anvyl

CPA Practice

Accounting software provider Sage is enhancing its supply chain solution capabilities by acquiring Anvyl, a New York-based technology firm focused on the high-growth $20 billion supply chain software sector. Financial terms of the deal weren’t disclosed. Mark Hickman “Our acquisition of Anvyl reinforces Sage’s commitment to offering comprehensive back-office solutions for small and midsized businesses, particularly in supply chain management,” Mark Hickman, managing director, North America at S

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In the blogs: This might hurt a bit

Accounting Today

Saying 'yes' too much; M&A mania; partners' income spread; and other highlights from our favorite tax bloggers.

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Zone & Co Launches ZoneBilling AI Assistant, Transforming Customer Self-Service with Intelligent Automation

CPA Practice

Zone & Co , the leading provider of ERP-expanding software solutions for the CFO’s office, today announced its new ZoneBilling AI Assistant, a groundbreaking tool designed to enhance user experience by providing instant, contextual answers to user queries without leaving their workspace. This AI assistant represents a significant step forward in the company’s mission to streamline operations and reduce friction for finance teams.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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Aiwyn releases PracticeOS for accounting firms

Accounting Today

Aiwyn announced the release of PracticeOS, a vendor agnostic practice management platform specifically for accounting firms.

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Learning About Entrepreneurship From Tommy Boy

Withum

I have always liked Chris Farley and, in particular, his movie Tommy Boy. I have it recorded, but I seem to watch parts of it whenever I am channel surfing and catch it on. Recently, I decided to watch it from the beginning, and a scene caught my attention that provided the inspiration for this blog. The scene was Chris in the role of Tommy sitting dejectedly with a shot of the Callahan Auto Parts sign over some trucks in a loading bay.

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Prosperity Partners acquires Wiener and Garg

Accounting Today

The Chicago-based accounting business backed by private equity, has completed the acquisition of a tax preparation, planning, advisory and accounting firm based in Rockville, Maryland.

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Anders Technology Wins XCellence Award for Best Newcomer at 2024 Fall Midsize Enterprise Summit 

Anders CPA

Anders Technology, an advisory service line of Anders CPAs + Advisors, is thrilled to announce that it has been awarded the XCellence Award for Best Newcomer at The Channel Company’s 2024 Fall Midsize Enterprise Summit in Tampa, Florida. This achievement highlights Anders Technology’s technical expertise and dedication to serving the midmarket.

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New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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Small business job growth dipped in September as wages grew

Accounting Today

Job growth at small businesses moderated slightly in September, but hourly earnings growth reached 3.01%, up from 2.95% in August, payroll provider Paychex reported.

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Redefining the Modern Workforce: Gen Y and Z at the Helm

Accounting Insight

The Millennials (Gen Y) and arrival of Generation Z in the workforce is transforming how businesses operate. Often stereotyped—Millennials as tech-savvy yet fickle, and Gen Z as pragmatic and bold—these generations are driving significant changes in workplace dynamics. Raised in an era of instant access and global interconnectedness, both generations bring fresh perspectives that challenge the status quo of traditional management.

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Netgain launches Fixed Asset Solution for ERPs

Insightful Accountant

Netgain has launched 'NetAsset', a fixed asset accounting solution to streamline processes in ERPs.

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Indicator launches market first AI assistant – GenIA-L – for tax advisors and accountants

Accounting Insight

Indicator, part of the Lefebvre Sarrut group, the European leader in legal and tax knowledge, launches its conversational AI assistant – GenIA-L – to the UK tax and accountancy market. Indicator are thrilled to announce the launch of GenIA-L, an unprecedented AI tool designed specifically for tax advisors and accountants across the UK. GenIA-L takes tax advisory into the digital age with machine learning capabilities, offering tailored advice through an intuitive chat interface, and

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.