Fri.Feb 14, 2025

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Gen Z is here. Is your firm recruiting them effectively?

Accounting Today

Firms must stay on top of their tech game to attract younger candidates and consistently invest in tools and technology to make their lives easier.

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AICPA Recommends Scaling Back Section 199A QBI Deduction Limitation

CPA Practice

Section 199A generally allows owners of pass-through entities to deduct 20 percent of the owners QBI earned in a qualified trade or business.

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Bookkeeper, financial analyst among top in-demand jobs

Accounting Today

Bookkeepers and financial analysts are among the U.S.'s top 15 most in-demand jobs for 2025, according to staffing agency Randstad.

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AICPA Highlights Key Concerns for Individuals to Keep in Mind During 2024 Tax Season

CPA Practice

As taxpayers navigate the challenges of tax season, the American Institute of CPAs (AICPA) is identifying areas individual filers to be aware of for this filing season.

Tax 64
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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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AICPA, NASBA propose alternative path to CPA license

Accounting Today

The American Institute of CPAs and the National Association of State Boards of Accountancy proposed changes in the Uniform Accountancy Act model legislation.

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Ryan Kelly Honored With FICPA’s Horizon Award

Withum

Withum is proud to share that Ryan Kelly , CPA has been recognized by the Florida Institute of CPAs with a prestigious Horizon award. Ryan, an audit manager in our Orlando office , serves privately owned and publicly traded clients in the Professional Services , Manufacturing, Distribution and Logistics industries. A University of Scranton graduate, Ryan is an active member of the AICPA, FICPA and PICPA.

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More Trending

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Average 2025 Tax Refunds Up by More Than $300, IRS Says

CPA Practice

Data released on Feb. 14 by theIRSshows the average refund is coming in at $2.065, up from $1,741 in 2024.

Tax 59
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House committee advances IRS legislation

Accounting Today

The House Ways and Means Committee passed a set of bipartisan bills aimed at improving tax filing and administration at the Internal Revenue Service.

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AICPA, NASBA Share Plans for Additional Pathway to CPA Licensure

CPA Practice

The American Institute of CPAs and the National Association of State Boards of Accountancy are advancing proposed changes to the Uniform Accountancy Act that would clear the way for states to adopt an additional path to CPA licensure while also adjusting practice mobility requirements.

CPA 59
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Tech news: Bill introduces Divvy Reserve Card

Accounting Today

Plus, KPMG announces KPMG Velocity business transformation suite; Sovos achieves full SAP certification on suite; and other accounting tech news and updates.

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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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Bank Statements in a Divorce

FraudFiles

When there are suspicions of hidden income or secret investments or bank accounts, an analysis of known bank accounts can reveal helpful details. Tracy Coenen explains how bank statements and credit card statements can be used by a forensic accountant in a divorce or child support case.

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On the move: FICPA graduates 23 from Leadership Academy

Accounting Today

American Accounting Association inducts four to its Hall of Fame; Armanino launches professional services industry group; and more news from across the profession.

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Valuation Beyond Numbers: Enhancing Your Construction Business Worth

Randal DeHart

When valuing a business, most people think straightforwardly about profits. While financial success is undoubtedly critical, it's far from the only factor determining a business's actual worth. Understanding valuation complexities can offer small business owners and entrepreneurs a clear roadmap for sustainable growth and long-term success. While financial metrics are undoubtedly important, they do not provide a complete picture of a construction company's worth.

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Pussies at the PCAOB Have Backed Down on Firm Metrics Rules

Going Concern

In November, the PCAOB approved new rules that would require firms to report various metrics : Partner and Manager Involvement, Workload, Training Hours for Audit Personnel, Experience of Audit Personnel, Industry Experience, Retention of Audit Personnel (firm-level only), Allocation of Audit Hours, and Restatement History (firm-level only). As anyone familiar with the inner workings of public accounting could have predicted, the firms were not thrilled with the idea and said as much in public c

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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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Data highlights worrying cyber security trends in the accountancy sector

Accounting Insight

Accountancy firms have good reason to ensure they are reviewing and mitigating cyber security risks in their practices. They are prime targets for cyber criminals, in part due to the valuable financial data they hold on other companies and the significant payments they make on behalf of clients, for example, for payroll activities. The amount of information in the public domain on their business, such as meet the team pages on their website, also provides valuable assets to help cyber criminals

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DOL Clarifies Cybersecurity Obligations to Health Plans: What Plan Sponsors Need to Know

Withum

The history of cybercrime provides a stark reminder of how rapidly technology evolves and how vulnerabilities can be exploited by bad actors. Over the decades, cyberattacks have grown in scale and sophistication mirroring the evolution of technology. From Early Cybercrime to Modern Cybersecurity Obligations While technology allows users to perform many tasks more efficiently, it has also allowed bad actors to take advantage of vulnerabilities for financial gain.

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Yooz and Touchstone FMS Partner to drive financial management efficiency

Accounting Insight

Yooz , a global leader in cloud-based Accounts Payable (AP) automation solutions announces a strategic partnership with Touchstone FMS , a leading provider of financial management software solution, Infor SunSystems. UK businesses face increasing economic pressures, evolving regulatory requirements and the challenge of maximising value with dwindling resources, meaning AP automation has become a necessity, not a luxury.

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Trump widens trade fight to include global taxes, regulation

Accounting Today

Trump ordered top economic officials to calculate U.S. tariffs based on the total tariffs and tax, regulatory, currency and any other barriers exports face.

Tax 59
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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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The Significance of Valuations for Insolvency Practitioners

Menzies

Menzies LLP - A leading chartered accountancy firm. The Strategic Importance of Valuations in Insolvency Cases As Insolvency Practitioners, we navigate complex financial landscapes to manage distressed businesses and protect the interests of creditors. In this challenging role, accurate valuations play a pivotal role in guiding our decision-making processes.

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Friday Footnotes: Stop Saying There’s a Shortage and Just Admit You’re Cheap, Firms; DOGE Hits the IRS; AICPA Caves on 150 | 2.14.25

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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common issues when considering the value of a trading business in an insolvency situation

Menzies

Menzies LLP - A leading chartered accountancy firm. Business Valuation vs Share Valuation In recent matters we have been involved in, the issue of business valuation versus share valuation has been a key issue. This is likely to be pertinent when seeking investment in a fledgling company at the early stage of trading or one in distress and contemplating restructuring or entering an insolvency process.

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Senators say Bessent misled them on DOGE's Treasury access

Accounting Today

Senate Democrats criticized Treasury Secretary Scott Bessent for what they call a "lack of candor" about what DOGE workers are doing with U.S. payment systems.

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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.