Mon.Mar 10, 2025

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Art of Accounting: 5 reasons for failing to grow and how to change them

Accounting Today

Part of growing is for your staff to also grow. That growth comes when they are empowered to take charge, supervise and make decisions.

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KPMG to Merge With KPMG, KPMG, KPMG, KPMG, KPMG, KPMG…

Going Concern

KPMG thinks it’ll save money, open up new opportunities, and be better equipped to make widespread technology investments by consolidating local firms in its international network. In May of 2024, KPMG announced that KPMGs UK and Switzerland would merge to form a $4.4 billion MechaKPMG. Said KPMG UK chief executive Jon Holt at the time, “This marks a historic moment for both firms.

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An inside look at the alternative practice structure

Accounting Today

Firms everywhere are adopting alternative practice structures -- but who knows what an APS really is? William Kelly, chief counsel at Ascend, dives into the details.

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How the 50 States Rank By State and Local Tax Rates in 2025

CPA Practice

WalletHub released a new study examining which states had the highest and lowest state and local tax rates to determine where residents are giving the most and least money back to their respective governments.

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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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AICPA proposes independence changes for PE

Accounting Today

The possible rule changes would affect the alternative practice structures set up by accounting firms receiving private equity financing.

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Single SCN Can be Issued for Multiple FYs. Having a Common Adjudication Period

VJM Global

Held by Honble High Court of Kerala In the matter of Joint Commissioner (Intelligence and Enforcement) vs. M/s Lakshmi Mobile Accessories (W.A.NO.258 OF 2025) The Assessee received consolidated Show Cause Notice under Section 74 of CGST Act for FY 2017-18 to 2023-24. The Assessee challenged such SCN in the writ petitioner wherein it was held that the department is required to issue separate SCN for every assessment year.

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More Trending

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Adapting to change: ensuring indirect tax data quality

ThomsonReuters

Blog home Ronan Le Gall , along with his colleagues Tim Carpenter , partner and principal at EY who leads the indirect tax technology practice for the Americas , and Vanessa Grazziotin Dexheimer , Senior Manager at EY in indirect tax and global VAT were discussing the power of clean data as an end-to-end solution for indirect direct tax processes at the Thomson Reuters Synergy Conference.

Tax 52
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Nasdaq Suffers Worst Day Since 2022

CPA Practice

Anxiety that tariffs and government firings will torpedo growth in the worlds largest economy extended a three-week stretch of volatility across global markets.

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JAX expands beta access and introduces new features to save you time and effort

Xero

A year ago, we shared our vision to reimagine accounting using AI and mobile , recognizing the transformative potential for small businesses and the industry. As part of delivering on that vision, we launched Just Ask Xero (JAX), our smart and reliable generative-AI business companion, to make accounting tasks easier and save you time through simple conversation within everyday apps.

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Import Cargo Levels Continue to Rise as Tariff Worries Mount

CPA Practice

Amid continuing tariff turmoil, imports at the nations major container ports are expected to remain elevated through this spring but volume could see year-over-year drops this summer.

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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.

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Voting Continues for the 2025 ProAdvisor Awards

Insightful Accountant

More than 700 Ballots for the 2025 ProAdvisor Awards have already been cast. Have you cast yours?

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February Retail Sales Were Down Monthly Amid Tariff Concerns

CPA Practice

Total retail sales, excluding automobiles and gasoline, were down 0.22% seasonally adjusted month over month but up 3.38% unadjusted.

Retail 59
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Tax Season Update: IRS Layoffs, Scam Alerts, and CTA Enforcement Changes

Insightful Accountant

The 2025 tax season continues to evolve with significant changes at the IRS, new scam alerts, and updates to Corporate Transparency Act enforcement. Here's what tax practitioners need to know.

Tax 52
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Most CFOs Plan to Pass Tariff Costs on to Customers, Says Gartner Survey

CPA Practice

Gartner polled 192 CFOs and finance leaders from a cross-industry group of organizations with global operations about priorities in response to new tariffs.

Finance 59
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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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BPM expands in Canada

Accounting Today

The Top 50 Firm is expanding further in Canada by adding locations in the greater Toronto area and Calgary.

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New Report Reveals the Value of Strategy Plus Increasing Responsibility for Internal Audit Leaders

CPA Practice

Internal audit functions that are more strongly aligned with overall organizational strategy are more likely to have sufficient funding.

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What’s new in Xero – March 2025 & Quarterly Wrap

Xero

Its been a massive start to 2025! In February , we shared enhancements weve made to invoicing. We also heard your feedback, and so now you can automatically prepare partnership annual accounts and tax returns using Xero data and seamlessly file them with HMRC (read more in the previous edition of Whats New). Check out more in our quarterly wrap video below.

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Crowe Global Pulled in Revenue of $5.8 Billion in 2024

CPA Practice

The Crowe global network of accounting firms brought in a combined $5.8 billion in revenue last year, a 10% year-on-year increase.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Keep pace with digital tax compliance: Handle big data and fast reporting

ThomsonReuters

Blog home For large companies operating in a digitalized global economy, indirect tax compliance has evolved from an arduous manual task to a largely hands-off process performed by sophisticated tax technologies that execute most tax functionsdata gathering, computation, reconciliation, invoicing, reporting, filing, etc.automatically and in close to real time.

Tax 52
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AuditBoard Adds Advanced AI Capabilities to Internal Audit Platform

CPA Practice

AuditBoard's new features enable customers to audit with impactful, industry-trained, generative AI-powered workflows.

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Financial empathy for CPAs isn't an oxymoron

Accounting Today

Deep in the heart of busy season, you may not be feeling much empathy for clients who have been procrastinating and are so disorganized, but you should.

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BPM to Combine with WBM Partners in Canada

CPA Practice

The top 35 firm is expanding its reach in Canada by merging in WBM Partners, a Burlington, Ontario-based accounting and advisory firm, in a deal expected to be completed on June 1.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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UBS found guilty in France of harassing two tax whistleblowers

Accounting Today

UBS France retaliated against its former auditor by sidelining him and refusing to promote him to executive director after he disclosed information to bosses.

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AICPA Accepting Comments on Independence Rule Changes Related to Private Equity Investments in Accounting Firms

CPA Practice

The committees Alternative Practice Structures Task Force will seek comment through June 15 on the memos preliminary conclusions and two interpretation options.

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Tax Avoidance vs. Tax Evasion: How to Evaluate the Legitimacy of a Tax Strategy

CTP

Have you ever had a client bring you a tax strategy that sounded too good to be true? Even if a tax savings idea is setting off alarm bells for you, you may not be sure how to refute it when your client is the one bringing it up with enthusiasm. Of course, in an ideal scenario, you would be ahead of the game and hearing about common tax scams before your clients, so you can preemptively warn them not to heed these get-rich-quick schemes of the tax world.

Tax 52
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AI Security: Invoice or Impersonation? 36.5% Spike in Phishing Attacks Leveraging QuickBooks’ Legitimate Domain in 2025

CPA Practice

Cybercriminals are creating free accounts on the Intuit QuickBooks platform, which makes these attacks challenging for people to distinguish from genuine communications.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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How to Spot a Tax Scam: Tax Avoidance vs. Tax Evasion

CTP

Tax avoidance versus tax evasion: can you name the difference? The distinction is absolutely essential and can mean the difference between tax savings and jail time. Tax avoidance is the term used to describe legal strategies for lowering your tax bill by structuring your transactions so that you reap the largest tax benefits. Tax evasion, on the other hand, is an attempt to reduce your tax liability by concealing information or otherwise deceiving the IRSin other words, committing a tax-related

Tax 52
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Monday Morning Accounting News Brief: FAR Isn’t That Hard If You’re Drunk; Late Muni Audits Piling Up | 3.10.25

Going Concern

Good morning! Hope you didn’t have to waste too much time yesterday setting all your antiquated manual clocks forward like I did. Care for some news? This post from r/CPA popped up when I was scrolling over the weekend, the turnaround gave me a chuckle. OP: FAR isn't that hard you guys! You can do it! OP 9 hours later: Just kidding I was drunk when I said that, it's hard. pic.twitter.com/BnwbIRzXEM — Going Concern (@going_concern) March 9, 2025 If you missed this earlier post

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Small Businesses Pushing for Tax Simplification to Help Them Meet Their Goals in 2025, Survey Finds

CPA Practice

U.S. small businesses are planning for 2025 to be a year of growth and optimismand they're urging Congress and the Trump administration to prioritize tax reform, address inflation, enhance workforce development, cut regulatory red tape, and increase access to capital, according to a new survey from Goldman Sachs.

Tax 52
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House unveils Trump-backed bill to avert government shutdown

Accounting Today

The bill would claw back $20.2 billion in spending for the IRS passed as part of President Joe Biden's signature green-energy Inflation Reduction Act.

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AP Automation: The Competitive Advantage Your Business Needs

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?