Wed.Mar 05, 2025

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Revolutionize Your Payroll Process: Templates Every Accounting Firm Needs

Canopy Accounting

As an accounting firm owner, I understand the frustrations that come with managing workflows. Whether its remembering how we handled a similar payroll situation last time, onboarding new clients, or juggling different employee preferences, inefficiencies can pile up. But what if you could wave goodbye to all that hassle of starting from scratch? Stick with me, because Im about to show you how payroll workflow templates can revolutionize your processes.

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The 2025 Fastest-Growing Firms

Accounting Today

The 25 accounting practices with the highest revenue growth in percentage terms in 2024 from Accounting Today's Top 100 and Regional Leaders list.

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A Guide to Understanding the U.S.-Canada Trade War – June 6, 2025

CPA Practice

Many policymakers on both sides of the border oppose the tariffs and hope they wont last. In the meantime, Canada is taking a hard line in response to the U.S. tariffs on Canadian goods.

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Scammers are 'relentless' this season: IRS

Accounting Today

The newest edition of the Internal Revenue Service's Dirty Dozen tax scams shows that fraudsters going at it as strong as ever.

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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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Intuit to Sunset 2022 QuickBooks Desktop Products

Insightful Accountant

May 31, 2025 is the sunset date for all 2022 QuickBooks Desktop Products. After that date 2022 Desktop Products will no longer be supported.

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Referral Programs for Accounting Firms

Ryan Lazanis

Most firms take a passive approach to referrals, but a proactive strategy can bring in high-quality clients if done the right way. The post Referral Programs for Accounting Firms appeared first on Future Firm.

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AICPA, NASBA look for feedback on CPA licensing changes

Accounting Today

The proposal would create an additional pathway to CPA licensure through changes in the Uniform Accountancy Act model legislation used in states.

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Revolutionizing Tax Season: Innovative Strategies to Combat Burnout

Insightful Accountant

Jennifer Mitchell, founder of Washington State-based firm Account Sense, recently shared in an interview that she doesn't say "tax season" anymore. Instead, she's reframed it as "filing season" or "planning season".

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No, you're not getting an 'Economic Impact Payment'

Accounting Today

The Better Business Bureau is warning about a current text scam that uses a '$1,400 Economic Impact Payment' as bait.

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Mastering Client Relationships: High-Trust Conversations for Accountants with Mary Schmid

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with conversation expert Mary Schmid to explore the power of high-trust conversations in accounting.

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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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Aprio acquires JMS Advisory Group

Accounting Today

The Top 25 Firm has acquired a firm that specializes in unclaimed property compliance and escheat process development, also based in Atlanta, like Aprio.

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5 Ways to Know if Unretirement is Right For You

CPA Practice

Unretirement means you dont have to stay retired. With the rising cost of what seems like everything, you might be forced back to work even if you were comfortable in retirement.

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Small businesses saw moderate job growth in February

Accounting Today

Small business employment held steady last month, according to payroll company Paychex, while wage growth continued below 3%

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N.J. Accounting Professor Sentenced to Prison For Tax Evasion

CPA Practice

Gordian A. Ndubizu was sentenced to two years in prison after being convicted on Aug. 15 of four counts of tax evasion and four counts of filing false tax returns in tax years 2014 through 2017.

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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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Private sector slowed hiring in February

Accounting Today

Private sector employers added 77,000 jobs in February, while annual pay grew 4.7% year over year, payroll processor ADP reported Wednesday.

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NATP Offers Job Resource For Tax Pros Affected By IRS Layoffs

CPA Practice

The National Association of Tax Professionals said it's trying to bridge the gap between recently displaced IRS workers and tax and accounting firms in need of skilled professionals.

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How to evaluate AI solutions for tax

Accounting Today

For tax professionals considering AI-powered solutions, accuracy, integration and industry specificity are critical factors to evaluate to enhance workflows.

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Why Your CPA Wants Your Prior Tax Returns (And Why It’s Not Just About Taxes)

LSLCPAs

Picture this: Youve just started working with a new CPA. Youre ready to hand over your financials, discuss your goals, and get down to business. Then they ask, Can you send over your last few years of tax returns? You pause. Why? Cant you just handle this years taxes? Great question! And the answer is: The post Why Your CPA Wants Your Prior Tax Returns (And Why Its Not Just About Taxes) appeared first on LSL CPAs.

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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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What expenses are deductible if you are self-employed?

Inform Accounting

If you are self-employed, you will pay tax on your taxable profit. In working out your taxable profit, you can deduct certain expenses that you have incurred in running your business. The basic rule is that expenses can be deducted if they are incurred wholly and exclusively for the purposes of the trade.

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Virginia's alternative CPA pathway opens new doors

Accounting Today

Virginia's newly adopted CPA licensure pathway serves as a model for how practical experience can be every bit as valuable as classroom hours.

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As Federal Layoffs Plunge Workers Into a Tough Labor Market, Here’s How to Prepare For the Worst

CPA Practice

With low confidence in their careers and a significant number of Americans concerned about their financial situation in case of a job loss, its more important than ever for all workers to prepare financially for the future.

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IRS said to be planning to lay off half of workforce

Accounting Today

The Internal Revenue Service is reportedly making plans to lay off up to half of its 90,000-person workforce.

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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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Corporate Transparency Act enforcement suspended? What tax and accounting professionals need to know

ThomsonReuters

Jump to Breakdown of the Treasury Department’s decision to suspend the CTA What happens next? Understanding the changes in the Corporate Transparency Act enforcement In an effort to alleviate the regulatory burden on American businesses, the U.S. Treasury Department has recently announced the suspension of enforcement of the Corporate Transparency Act (CTA).

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5 Essential KPIs to Boost Your E-Commerce Growth

AccountingDepartment

In the dynamic world of small business, staying ahead means constantly measuring and optimizing performance. That's where Key Performance Indicators (KPIs) come in. These metrics help business owners, entrepreneurs, and startups monitor their progress, identify areas for improvement, and make data-driven decisions. Now that we understand the importance of KPIs, let's focus on the top 5 essential KPIs for e-commerce businesses.

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AI for tax professionals: A guide

ThomsonReuters

Blog home Jump to Use cases: AI for tax work Enhancing value to clients with AI Reducing AI concerns Adopting AI for the future Statistics from the Future of Professional Report The most recent report shows that AI’s anticipated workplace impact continues to grow, with 77% of respondents expecting it to highly or transformationally affect their work within five years.

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Transforming Toxic Workplace Cultures with Brittany Malidore

Canopy Accounting

In this episode of Canopy Practice Success, Brittany Malidore, co-founder and managing partner of Ledgerly Consulting, discusses how bullying isn't just a childhood issue but a prevalent problem in professional settings. Brittany emphasizes the importance of creating empathetic and accountable workplace cultures to combat toxic behaviors. She introduces the CARE frameworkCommunicate with Empathy, Align Expectations, Resolve Conflict, and Empower Vulnerabilityas a guide for fostering healthy work

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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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Part 1: A tax leader’s perspective on evolving corporate tax roles and technology integration

ThomsonReuters

Blog home How do corporate tax professionals view emerging hybrid roles integrating traditional expertise with cutting-edge technology? According to the 2025 Corporate Tax Department Technology Report , theyre increasingly recognizing the impact these roles are having on the industry. Over half of respondents expect their responsibilities to change within the next three to five years due to technology advancements, and nearly two-thirds of larger companies anticipate such changes.

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Microsoft Teams Productivity: Team Up With Power Automate

Withum

In the modern workplace, staying connected and working efficiently are more important than ever. Many organizations rely on Microsoft Teams for daily collaboration; it is the go-to platform for collaborating with colleagues, holding meetings, sharing files and keeping everyone in the loop. But did you know that you can take your Teams experience to the next level withPower Automate?

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Part 1: A tax leader’s perspective on evolving corporate tax roles and technology integration

ThomsonReuters

Blog home How do corporate tax professionals view emerging hybrid roles integrating traditional expertise with cutting-edge technology? According to the 2025 Corporate Tax Department Technology Report , theyre increasingly recognizing the impact these roles are having on the industry. Over half of respondents expect their responsibilities to change within the next three to five years due to technology advancements, and nearly two-thirds of larger companies anticipate such changes.

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Understanding the R&D Tax Credit for NOL Companies

Shay CPA

The federal R&D tax credit is designed to incentivize companies engaged in qualified research activities. For early-stage companies without taxable income, the credit can be used to offset payroll taxes instead of income tax liability. However, this benefit isnt immediate due to two key timing factors: Filing Delays : Most companies extend their corporate tax return and wont file until October 15th.

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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?