Tue.Feb 18, 2025

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Accounting profs adapt to AI amid cheating concerns

Accounting Today

The rise of generative AI has led to AI-guided cheating, and accounting educators are seeing it in their own classrooms.

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A Founder’s Guide to Building a Biotech Dream Team

BurklandAssociates

Strategies and best practices to help your biotech startup attract top talent, build a strong team, and drive innovation for long-term success. The post A Founders Guide to Building a Biotech Dream Team appeared first on Burkland.

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Should You Use Your Tax Refund to Pay Off Debt?

CPA Practice

A refund has the potential to make a serious dent. The average refund amount in 2024 was $3,138, according to the IRS. But is paying down debt the best way to spend that money?

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Priorities for CFOs in 2025

Accounting Today

Financial leaders are looking forward to the new opportunities that 2025 will bring, while keeping an eye on potential risks that may carry over from 2024.

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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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Are Married Couples Considered Partners in LLCs?

CPA Practice

You live together, you work together, you may even have children together. But does being partners in life automatically make you partners in business?

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Virginia adds path to CPA licensure

Accounting Today

Virginia, Pennsylvania and Minnesota made headway in adding alternative pathways to CPA licensure.

More Trending

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Citrin Cooperman buys HW&Co.

Accounting Today

The Top 25 Firm has acquired a Regional Leader, its first acquisition since Citrin's private equity backer changed from New Mountain Capital to Blackstone.

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Prismatic Rebrands as Asseta, Turns Focus to Family Offices

CPA Practice

"We are unveiling our new brand to solidify our mission to build the best technology suite for wealth, estate planning, workflow automation and agentic AI for family offices, said Dean Palmiter, co-founder and CEO of Asseta.

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The regulatory forecast: Less, and lighter

Accounting Today

Under the new administration, accountants can expect a lighter hand from the Public Company Accounting Oversight Board and other regulators.

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Citrin Cooperman Acquires HW&Co. in Ohio

CPA Practice

The PE-backed top 20 firm said Tuesday it has acquired substantially all the assets of HW&Co., a Woodmere, OH-based accounting and advisory firm that is among the top 300 largest in the U.S. by revenue.

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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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Sales tax registration: The latest and what’s involved

TaxConnex

Its been almost seven years since the Supreme Courts South Dakota vs. Wayfair decision opened the door for remote sellers sales tax obligations in almost every state. In that time, online businesses need to get sales and use tax registration right has only intensified. Many businesses can now feel overwhelmed with managing sales tax obligations and by the number of applications they must file in every state where they have an economic or physical nexus.

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Ignition Debuts AutoPricing to Automate Growth for Services Businesses

CPA Practice

AutoPricing is a new suite of pricing automation capabilities to help professional services businesses increase prices in bulk to grow revenue and improve profitability, Ignition says.

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IRS layoffs expected despite tax season assurances

Accounting Today

The Internal Revenue Service is reportedly planning layoffs of thousands of first-year probationary employees in the midst of tax season as soon as this week.

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Social Security Acting Chief Quits Over Musk-Led Hunt for Data

CPA Practice

Social Security Agencyacting commissionerMichelle King has reportedlyresigned in protestover the effort led by billionaireElon Muskto gain access to recipients personal information.

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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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My Opinions About 2024’s Stock Market Performance

Withum

The suggestions and illustrations in this blog are not intended as financial advice. They are my personal opinions. Taking a Short-Term Versus Long-Term View In the short term, many factors will affect stock prices sometimes all at once and sometimes just one or two factors, depending on the current issues of concern. The following list includes some of the factors that may affect stock prices and the values of the companies represented.

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IRS memo sets stage for Musk advisor to access taxpayer data

Accounting Today

The IRS would give a temporary detail to provide software engineering expertise to a special advisor to the director at the Office of Personnel Management.

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Bessent: DOGE Effort Has Saved Estimated $50 Billion Thus Far

CPA Practice

Treasury Secretary Scott Bessent said Americans dont have to be concerned about any of this, referring to attempts by the DOGE team to access a broad range of taxpayer data, including on individuals.

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Is Unlimited PTO A Game-Changing Perk or a Formula for Chaos?

Basis 365

Imagine walking into an office where employees can take time off as needed without worrying about earning or losing daysa workplace built on trust and flexibility. However, "unlimited" PTO isnt as open-ended as it sounds. To prevent potential abuse and protect the business, clear guidelines and conditions must be in place. In fact, some argue that calling it "Uncapped PTO" better captures its true nature: theres no preset maximum limit, but there are defined rules to ensure fairness and accounta

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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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Master the Art of Marketing Agency Management with Four Steps

Summit CPA

Growing your creative agency requires more than landing great clients and big contracts. A lot must happen internally to ensure you've built the infrastructure to sustain your agencys growth, from evaluating your current responsibilities as a creative agency owner and hiring the right people to revisiting your professional goals and determining a path forward.

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How accountants can build and maintain trust in an AI-driven world

Mark Lee

Trust has always been the foundation of strong client relationships. But in a world where AI and large language models (like ChatGPT) are becoming increasingly popular, the need to show clients they can trust you has never been more important. Clients have long had the facility to search online and to access instant answers, generic advice, and now also have automated solutions at their fingertips.

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Expect a tempest in tax under Trump

Accounting Today

From the International Revenue Service to international issues, the second Trump administration promises plenty of change in the world of tax.

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Where are we now with cryptoasset regulation?

Menzies

Menzies LLP - A leading chartered accountancy firm. The UK is attempting to position itself as a reliable place for cryptoasset entities to do business. It wants to use its position as a Financial Services centre to encourage firms in the sector to base their operations here. It is doing this as it can see the potential benefits to consumers of utilising crypto to improve the overall payments system.

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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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Tuesday Morning Accounting News Brief: Deloitte Report Says India Outsourcing Will Increase (Duh); More Work Means You’re Liked at Work | 2.18.25

Going Concern

We’re doing the news brief today because yesterday was President’s Day. I’m saying that because I’m sure many of you weren’t aware some people had yesterday off. Some obvious news from Economic Times of India: Indias outsourcing landscape is undergoing a significant transformation, with 81% of organisations planning to increase their outsourcing efforts over the next three to five years, according to Deloittes latest report, The outsourcing compass: Decoding strateg

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Do you pay subcontractors to carry out construction work?

Menzies

Menzies LLP - A leading chartered accountancy firm. HMRC have recently released a YouTube video, aimed at Subcontractors, explaining that Contractors in the Construction Industry Scheme (CIS), who make CIS deductions, are required to ensure that the cost of any materials charged on the invoice is correct, and if no evidence is provided, the Contractor can make an estimate based on what they think is reasonable.