Thu.Mar 27, 2025

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The Hidden Risks of Relying on Proprietary Accounting Software

AccountingDepartment

Accounting is the backbone of any business, from managing cash flow to ensuring compliance and long-term scalability. Many business owners turn to proprietary accounting software for streamlined financial management, captivated by promises of simplicity and powerful functionality.

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How to Anticipate and Navigate Property Tax Scenarios for Businesses

CPA Practice

Property taxes and business license compliance present a complex landscape, especially when significant business events involving mergers, acquisitions, or expansion occur.

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Accounting firms declare their independence

Accounting Today

In an era dominated by private equity and merger mania, firms that want to stand alone have to make that a conscious and continual choice.

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Voting for the 2025 ProAdvisor Awards Closes on Tuesday

Insightful Accountant

Voting for the ProAdvisor Awards closes on Tuesday April 1. If you haven't voted for the 2025 ProAdvisor Awards now is the time to cast your ballot for both U.S. and International candidates.

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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Stock Market Surge in 2024 Means Higher Taxes in 2025

CPA Practice

With capital gains, dividends and interest income soaring, many taxpayers are seeing the flip sidebigger tax bills and smaller refunds.

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Firms with AI report higher per-employee revenue

Accounting Today

A recent survey from Rightworks found firms that use AI have a higher revenue per employee than firms that do not.

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PwC announces Agent OS for coordinating AI agents

Accounting Today

Big Four firm PwC announced the release of Agent OS, styled as an agentic AI operating system to streamline AI workflows and orchestrate complex, multi-agent business processes at scale.

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April's QB Talks is a Deep-Dive into the "Best of the Best Payroll Apps"

Insightful Accountant

Murph and Debra Kilsheimer will take a deep dive into the 'Best of the Best' Payroll Apps. Are you using the 'old standby' Payroll and wondering if you're getting the best "bang for your buck?" Don't miss this opportunity to explore something else!

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Tax Fraud Blotter: Needing relief

Accounting Today

Nothing but the tooth; an offer she can't refuse; patterns of filing; and other highlights of recent tax cases.

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The Future of Tax Practice: How AI Will Transform Your Business

Insightful Accountant

Its no secret that the impact of artificial intelligence on tax practices is no longer theoreticalit's rapidly becoming reality. Recent industry surveys and analyses reveal that AI is fundamentally reshaping our industry.

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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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Building the business case for DEI in accounting firms

Accounting Today

A diverse team isn't about filling seats or meeting quotas; it's about breaking free from the hive mind.

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What is the Average Salary in Your State?

CPA Practice

According to a recent study from SoFi, which looked at the highest-paying states in the country, employees in 12 locationsincluding Massachusetts, California, Connecticut, and Marylandearn significantly more than the national average salary.

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Spring Budget 2025 - no significant tax changes

Inform Accounting

Chancellor Rachel Reeves' Spring Statement of March 26, 2025, addressed the UK's economic challenges and outlined measures to promote growth and stability.

Tax 52
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Baker Tilly Picks Up Invoke Tax Partners in Texas

CPA Practice

Baker Tilly said the acquisition of Dallas-based Invoke enhances its capabilities in real estate and business personal property tax, sales and use tax, and severance tax.

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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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What's New in Time & Billing: March Product Releases

Canopy Accounting

Discover Canopys Time & Billing updatesnow with partial refunds, custom invoice numbering, required time entry fields, and debit vs. credit card payment filtering.

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Boost Your Pension and Reduce Corporation Tax

Inform Accounting

Running your own business comes with plenty of perks, but did you know that paying pensions through your company can help reduce your corporation tax bill? Its a win-win: you invest in your future while making your company more tax-efficient.

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40% of Employees Have Quit a Job Because They Didn’t Trust Their Manager, Survey Finds

CPA Practice

A new report from online career platform LiveCareer reveals workplace trust issues across generations, with Gen Z employees least likely to trust their employer's leadership.

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ADM to cut CEO's bonus after accounting scandal hit shares

Accounting Today

The move comes after ADM adjusted years of financial results due to errors in the way it reported transactions between business units.

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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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Whose Sales Tax Is It, Anyway? Part 1

TaxConnex

The sellers? The buyers? Is this even a tax? Dont get tricked into automatically thinking sales tax is your responsibility: Many factors go into determining who has to charge, collect and remit sales tax. Lets look at a few, including basic definitions of taxes and conditions of taxation and how complicated situations can sometimes make determining responsibility tricky.

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Demystifying Financial Forecasting: Key Concepts and Tools

Summit CPA

One of the most common goals for small business owners is generating enough cash flow to grow and scale. What it means to scale might vary from business to business, but its a universal truth that you need cash to do so. However, knowing how to increase profitability while keeping expenses in check can be difficult. Thats where financial forecasting comes in.

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Want to Know Exactly How Much Offshore Staff Are Making? Gotchu

Going Concern

Who wants to see an offshore salary guide? Because we’ve got one for you today. It comes from TeamUp, a company that does direct hires for US, Canadian, and Australian firms hiring overseas, meaning they get people on firms’ actual staff rather than acting as a middleman. You can guess where this is going based on the intro: SaLaRy eXpEcTaTiOnS HaVe cLiMbEd sO HiGh tHaT ThEy oFtEn SiMpLY DoNT WoRk.

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IAASB offers auditing standard implementation guide

Accounting Today

The International Auditing and Assurance Standards Board and the International Sustainability Standards Board provided help with adopting their standards.

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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 Remote Tax and Accounting Candidates of the Week | March 27, 2025

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.

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Key IRS Adjustments for 2025: What Taxpayers Need to Know

Dent Moses

In 2025, the Internal Revenue Service (IRS) introduced several inflation-adjusted changes to various tax provisions, aiming to align them with current economic conditions. Standard Mileage Rate for Business Use: The rate has increased to 70 cents per mile, up from 67 cents in 2024, reflecting higher vehicle operation costs. Standard Deductions: Single Filers and Married Individuals Filing Separately: Increased to $15,000, a $400 rise from 2024.

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Tax Preparation Fees

Withum

Many friends (but none of my clients) have expressed concerns that they think their tax preparation fees are too high. Well, if they were too high, then the preparer would not be in business for too long for one of two reasons. Either there would be no sustainable business because of a lack of retention or growth of clients, or They would have made enough money to retire early.

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Accountex London releases 160+ CPD accredited programme 

Accounting Insight

On 14-15 May 2025, the worlds largest accounting and finance expo, Accountex London is returning to Excel. Alongside 300+ software suppliers and countless networking opportunities, the education programme is packed with exclusive industry updates. Topics include everything from practice growth strategies and developments in AI to ESG, AML and Making Tax Digital updates from HMRC ahead of the 2026 deadline.

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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 biz says sales growth under pressure

Accounting Today

Many companies are enthused by Trump's proposals to cut taxes and regulation, but there's mounting concern that his tariffs will raise prices and squeeze margins.

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Making Tax Digital for Income tax – Frequently asked questions about outsourcing work

Accounting Insight

Making Tax Digital for Income Tax (MTD IT) will be implemented from April 2026. HMRC is already contacting agents and affected individuals to let them know how to prepare for their new responsibilities to maintain digital records and submit information online each quarter. While most accountants understand the new requirements and are taking steps to get their Practice and clients ready, many are wondering how to find the resources needed to support clients with their new digital record keeping

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Spring Statement 2025 Commentary: Technology

Menzies

Menzies LLP - A leading chartered accountancy firm. Technology update As predicted, there were no major announcements relating to tax rules, with the government committing to one major fiscal event per year, in the autumn. Sadly for tech businesses, there was no u-turn on the NICs rate or threshold changes. This means that the secondary threshold will be reduced to 5,000 as of 6 April 2025, bringing more employee wages into the scope of employer NICs, and the rate at which employers pay NICs is

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Democrat bill aims to limit use of IRS agents for immigration

Accounting Today

Suzan DelBene, D-Washington, and Terri Sewell, D-Alabama, introduced legislation to prevent Trump from reassigning IRS investigators to immigration enforcement.

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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.