Tue.Mar 25, 2025

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Predictive analytics will transform accounting

Accounting Today

By helping accountants to predict results and make informed, proactive decisions, the rise of predictive analytics improves traditional accounting tasks.

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5 Reasons Growing Startups Need an ERP System

BurklandAssociates

Scaling a startup is exciting, but the wrong tools will slow you down. An ERP system automates tasks, centralizes data, and boosts efficiency for smarter growth. The post 5 Reasons Growing Startups Need an ERP System appeared first on Burkland.

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The Month-End Close Process: A Behind-the-Scenes Look for Business Owners

Basis 365

The month-end close process is a critical accounting procedure that ensures the accuracy of financial statements, providing a snapshot of your business's financial health. While many business owners rely on these reports to make informed decisions, few understand the extensive effort required to produce them. This blog walks you through the steps involved in the month-end close and explains why each step is vital for reliable financial reporting.

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BlackCloak Releases Digital Executive Protection Framework

CPA Practice

The new framework offers chief information security officers and chief security officers a detailed risk assessment and control review of the necessary components of a comprehensive digital executive protection program.

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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Enhancing Financial Management for Advertising and Marketing Firms

Withum

Advertising and marketing firms operate in a fast-paced, ever-changing environment where creativity, strategy and client relationships drive success. However, behind the scenes, these firms often face challenges with financial management, resource allocation and performance analysis. Without addressing these critical areas, issues like cash flow gaps and unclear project profitability can hinder a firm’s ability to scale and succeed in a competitive market.

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IRS underreported costs of Direct File: TIGTA

Accounting Today

Internal Revenue Service reports of the cost of the free tax-filing program left out at least $8.8 million in costs, according to a new report.

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AICPA weighs in on proposed SECURE 2.0 regs

Accounting Today

The institute is asking the Treasury and the Internal Revenue Service for greater clarity in their proposed regulations for the SECURE 2.0 Act of 2022.

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Consumer Confidence Falls to 12-Year Low

CPA Practice

Marchs fall in confidence was driven by consumers over 55 years old and, to a lesser extent, those between 35 and 55 years old. The decline was also broad-based across income groups, with the only exception being households earning more than $125,000 a year.

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PCAOB sanctions partner for audit failures

Accounting Today

The Public Company Accounting Oversight Board sanctioned and imposed a $40,000 fine on James PAI CPA and its partner for audit failures.

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AccountsIQ Debuts Workflow Approval Engine

CPA Practice

The new workflow approval engine streamlines financial workflows, improves compliance, and enhances visibility, all while reducing reliance on manual processes, according to AccountsIQ.

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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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FloQast, Fieldguide launch agentic AI solutions

Accounting Today

FloQast and Fieldguide each announced the release of their own agentic AI solutions for accountants.

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Doeren Mayhew Snaps Up Thurman Campbell Group in Tennessee

CPA Practice

The Troy, MI-based top 60 firm has expanded into Tennessee by acquiring TCG, a full-service accounting firm based in Clarksville, effective March 1.

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How to Create a Budget for Your Nonprofit

GrowthForceBlog

7 min read March 25th, 2024 Nonprofit financial planning is essential to your financial strength and mission success, and the nonprofit budget is like a blueprint for your financial plans.

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FloQast Launches Auditable AI Agents

CPA Practice

As the talent gap in the accounting and finance industry continues to increase, this first-to-market capability empowers teams to do more with less and evolve from preparers into reviewers, able to focus on strategic initiatives while AI handles repetitive, time-consuming tasks.

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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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Doeren Mayhew acquires Thurman Campbell

Accounting Today

The Top 50 Firm based in Troy, Michigan has expanded into Tennessee with its latest M&A deal.

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Gartner Says CFOs Should Reset Expectations About AI’s Impact on Workforce Productivity and Headcount

CPA Practice

Despite artificial intelligences promise for enhancing efficiency, many organizations struggle to turn investments in traditional and generative AI into material improvements in worker productivity.

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McConnell Jones expands to Georgia

Accounting Today

McConnell Jones, the largest African American-owned CPA firm, is focused on expanding its geographic footprint as part of its growth strategy.

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One-Third of Workers Feel More Burned Out at Work Now Than a Year Ago, Survey Finds

CPA Practice

New research from Robert Half reveals that 36% of U.S workers report feeling burned out at work, and 33% say they are more burned out now than one year ago.

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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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QuickBooks Enterprise Inventory Turnover Report

Insightful Accountant

Murph takes you step-by-step through the Inventory Turnover Report available in QuickBooks Enterprise v24

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Lattice Rolls Out AI Agent for Human Resources

CPA Practice

The people management platform has debuted its AI agent for human resources, designed to help HR teams work better and make employees more productive.

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In the blogs: Seamwork

Accounting Today

Welcome to Tax Court; the subscription model; new blog on the block; and other highlights from our favorite tax bloggers.

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PCAOB Nails New York CPA Firm for Multiple Audit Failures

CPA Practice

James Pai CPA PLLC and its sole owner and partner Yu-Ching James Pai were fined a total of $40,000 for violating multiple PCAOB rules and standards in connection with the 2021 and 2022 audits of SUIC Worldwide Holdings.

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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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Top 3 Marketing Mistakes Bookkeepers Make (And How to Fix Them) with Janel Sykora

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with Janel Sykora, co-founder of Cajabra Marketing, to tackle the top 3 marketing challenges facing accounting and bookkeeping firms in 2025.

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Stax.ai Partners with Payroll Integrations to Automate Payroll Processing for Retirement Third-Party Administrators

CPA Practice

TPAs using Stax.ai can now connect directly to an extensive network of payroll providers through Payroll Integrations to automatically collect and standardize payroll and employee census data in real time.

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4 irrevocable trusts to beat estate tax uncertainty

Accounting Today

Forming a trust now and funding it after Congress decides whether to keep the current gift tax exemption rate could make for an effective preemptive strike.

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Some Farmers and Food Banks Stung by DOGE Funding Cuts as Costs Climb

CPA Practice

More than $1 billion in assistance that usually flows into the U.S. Department of Agriculture for two programs that help local farmers, schools and food banks has already vanished.

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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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PwC fined over bank audit by UK watchdog

Accounting Today

The Financial Reporting Council hit PwC with a $3.8 million penalty and one of its accountants with a $43,250 penalty over their audit of Sanjeev Gupta's Wyelands Bank.

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Preventing Church Fraud

FraudFiles

There may be nothing more disheartening in the world of fraud investigation than a church employee caught embezzling. Unfortunately, there are fairly regular news reports of financial fraud at churches. Fraud hits churches hard. Many churches operate on shoestring budgets to begin with. A sizable fraud can put a church on the brink of financial [.

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Controlling data center costs

Accounting Today

With rapid changes in technology, a state-of-the-art piece of equipment can become a doorstop in just a few months.

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‘Real Housewives of N.J.’ Star and Husband Face Over $3 Million in Tax Liens

CPA Practice

Records show Teresa Giudice owing a sum of $303,889.20 and husband Luis Ruelas owing nearly $2.6 million. Ruelas was issued another tax lien back in December for an amount of $163,523.94.

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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.