Fri.Apr 04, 2025

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228K jobs added in March, 700 lost in accounting

Accounting Today

Employment rose by a stronger than expected 228,000 jobs in March, although unemployment inched up to 4.2%, the U.S. Bureau of Labor Statistics reported.

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The Benefits of Financial Due Diligence in M&A Transactions for Multi-Unit Franchise Operators

Withum

Mergers and acquisitions (M&A) involving multi-unit franchise operations requires a meticulous approach to ensure a successful transaction. Potential buyers will need to understand all facets of the business on an overall and individual location basis. Financial due diligence (FDD) is a critical component of this process, offering numerous benefits that can significantly impact the outcome.

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Blockchain in accounting: A guide for tax and accounting professionals

ThomsonReuters

Jump to What is blockchain? How blockchain works in accounting Key considerations for accounting professionals adopting blockchain Practical steps for accountants to get started The future of blockchain in accounting Transform your firm with blockchain In the rapidly evolving accounting landscape, staying ahead of technological advancements is crucial for maintaining a competitive edge.

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Young Accounting Leaders Honored: CPA Practice Advisor Announces ’40 Under 40′ and ’20 Under 40′ Awards

CPA Practice

This years 40 Under 40 Honorees and 20 Under 40 Influencers are active in professional organizations, as well as in their local communities, where many are small business owners and employers.

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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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Best Firms for Technology deadline extended

Accounting Today

Due to greater-than-expected interest, Accounting Today has moved the submission deadline for its 2025 Best Firms for Technology survey from today to Friday, April 11.

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Xero and Sumday Partner to Give Users 12 Months of Free Carbon Accounting Tools

CPA Practice

This offering also provides small businesses and their accounting and bookkeeping partners with valuable training, templates and resources to enhance their carbon accounting skills.

More Trending

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4 Steps to Take Toward Financial Spring Cleaning

CPA Practice

Spring is the perfect time to open some windows, plant some flowers, and freshen up the money goals you set at the start of the year. Here are four things to focus on.

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Developing future leaders in accounting

Accounting Today

With technology, automation and AI transforming the accounting and advisory sector, so-called soft skills are more essential than ever for professionals.

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The Tax Blotter – April 2025

CPA Practice

The Tax Blotter is a round-up of recent tax news and Tax Court rulings.

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On the move: KPMG adds three asset management, PE leaders

Accounting Today

Wipfli appoints new chief growth officer; Illinois CPA Society installs latest board of directors; and more news from across the profession.

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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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Capstone Accounting and Tax Secures Private Equity Investment

CPA Practice

Formerly known as Capstone CPAs, Capstone Accounting and Tax said the outside capital will provide the financial and strategic support needed to accelerate its long-term growth, strengthen client service offerings, and expand its market presence through mergers and acquisitions.

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IRS recalls fired workers as April 15 tax deadline looms

Accounting Today

A notice to probationary employees fired in February and reinstated in March directed probationary workers to prepare to return to "full duty" by April 14.

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Gordon Advisors Merges in The Henry Group in Michigan

CPA Practice

Troy, MI-based accounting firm Gordon Advisors is combining with fellow Troy-based practice The Henry Group in a move that expands Gordon's capabilities and enhances its depth of expertise.

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DOJ urged not to dissolve its tax division

Accounting Today

More than 60 lawyers wrote in response to a memo by Deputy Attorney General Todd Blanche that called for a broad reorganization of the department.

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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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Survey Shows How and When Taxpayers File, Common Errors, And How They Spend Their Refunds

CPA Practice

More than one-quarter of respondents (28%) noted that filing their taxes incorrectly is a top concern during tax season, and another 14% are concerned about not understanding the tax filing process or requirements

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What is VAT flat rate scheme?

Inform Accounting

The VAT flat rate scheme is a simplified flat rate scheme which can be used by smaller businesses to save work. Under the scheme, businesses pay a set percentage of their VAT inclusive turnover to HMRC rather than the difference between the VAT that they charge and the VAT they suffer on the goods and services that they buy.

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What Does An Accountant Do? Behind-the-scenes Business Heroes 

Patriot Software

You may know accountants are experts at crunching numbers, and that their knowledge could be useful to your small business. But, you may not be aware of everything an accountant brings to the table. What does an accountant do, exactly? Accountants vast skill set extends well beyond the basic numbers game.

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Gartner Finance Survey Reveals the Top 10 Technologies for Future Investment in Finance

CPA Practice

Finance leaders are focused on AI-enabled technology solutions and intelligent process automation to align their finance technology investments with broader business goals to enhance speed, agility, and competitive advantage.

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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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Friday Footnotes: Pokemon But Make It Tax; IRS Employees Get Their Jobs Back; PwC Severs Ties in Africa; | 4.4.25

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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CPAClub Opens Club 22 Network to Accounting, Finance Professionals

CPA Practice

The accounting solutions provider has launched Club 22, a professional network that brings accounting and finance professionals together through experiential learning and shared growth.

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Identifying Gaps To Improve Your Construction Business Marketing

Randal DeHart

Visibility is essential for your handyman or contracting business for several key reasons. Effective marketing helps your company stand out in a competitive market, and promoting your services can help you reach a wider audience and become known in your community. Potential customers are more likely to hire someone they have heard about or seen advertised.

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Strategies for Family Practice CPAs – The Accounting Technology Lab Podcast – April 2025

CPA Practice

Randy Johnston and Brian Tankersley, CPA, discuss strategies needed to efficiently run a family tax and accounting practice. Watch the video, listen to the audio podcast below, or read the transcript.

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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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Clients aren't likely to face estate taxes. But they still need a plan

Accounting Today

Financial advisors have the opportunity to spur important discussions and bring peace of mind to the uncertainty around the Tax Cuts and Jobs Act, an expert said.

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IRS Job Cuts Hit Civil Rights Office

CPA Practice

The IRS began implementing a reduction in force Friday that will result in staffing cuts across multiple offices and job categories, with the agency's Office of Civil Rights and Compliance getting the brunt of it today.

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Speaker Q&A: Alexis Kingsbury

Accounting Insight

Alexis Kingsbury is an award-winning entrepreneur, insightful speaker, and host of The De-stress Your Business podcast. He owns two software businesses and a consulting practice, serving 600+ organizations around the world, including well known brands such as 3M, Asahi, Dext, Grant Thornton, Google, Pepsi, PwC, Sony, and Swarovski. He authored the Accountancy Playbook series, based on interviews with 100+ accountancy leaders and experts to uncover the key obstacles they face at each stage of gro

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Businesses pounce as GOP weighs limiting corporate SALT break

Accounting Today

Groups are mobilizing to squelch a Republican plan to curtail a heavily used federal income tax break that allows corporations to deduct state and local taxes.

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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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Fed Chairman Warns Trump Tariffs Raise Inflation Risks and Could Slow Growth

CPA Practice

Federal Reserve Chairman Jerome Powell said Friday that President Donald Trump's "Liberation Day" global tariffs will lead to "higher inflation and slower growth" in the coming months.

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Menzies and Cripps support KAMIC Group on cross-border acquisition of Elsteel Group

Menzies

Menzies LLP - A leading chartered accountancy firm. Menzies and Cripps have advised Swedish-based KAMIC Group on the successful acquisition of Elsteel Group, a global manufacturer of modular and customised steel enclosures for low-voltage switchgear. With operations across Denmark, Sri Lanka, India and Poland and annual revenues exceeding 30 million, Elsteel will join KAMIC Groups Installation business area as an independent company.

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Treasury employee union requests emergency relief

Accounting Today

The National Treasury Employees Union asked a judge for emergency relief to preserve collective bargaining rights in response to a Trump executive order.

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Layoff Watch ’25: Here Comes the RIF at Deloitte

Going Concern

Well we knew layoffs were coming to Deloitte sooner or later, just didn’t think it would be this much sooner. Saw this discussion on r/deloitte yesterday : A + C = Advisory and Consulting. Damn you, Big 4 staff and your esoteric acronyms. And there’s this comment thread: While we were doing some digging to confirm this, Wall Street Journal went ahead and confirmed because they’re better and faster at their jobs than we are.

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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?