Wed.Apr 02, 2025

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Must-Know Accounting Tech Trends with John Higgins

Canopy Accounting

In this episode of Canopy Practice Success, KC hosts John Higgins, a seasoned CPA, to discuss the critical role of technology in modern CPA practices. Higgins, who has spent his career helping accountants understand and apply emerging tech, outlines his professional journey and the shifts in technology within the field. He emphasizes the importance of CPAs investing in relevant education, particularly given the rapid advancements in AI.

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Cybersecurity for Schools: Protecting K-12 Institutions from Rising Threats 

Withum

In recent years, cybersecurity for schools has become a critical concern as K-12 educational institutions have become prime targets for cybercriminals, leading to significant disruptions in educational services and compromising sensitive data. A recent report by the Center for Internet Security (CIS) reveals a concerning trend: 82% of K-12 schools experienced a cyber incident between July 2023 and December 2024.

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How to Streamline Your Business’s Accounting Processes

GrowthForceBlog

10 min read April 2nd, 2024 Many small business owners spend too much time and money on back-office processes. In small and medium-sized businesses, owners tend to rely on manual processes. Plus, they often take on the daily bookkeeping and accounting tasks themselves or spend too much on hiring in-house professionals to manage their back-office processes.

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AI For Website Creation: Unlock Copilot’s Full Potential in Power Pages

Withum

Microsoft Power Pages is revolutionizing the way websites are built with its new AI-powered Copilot features. These capabilities make website creation easier and faster, even for those with little to no coding experience. Lets explore the many benefits of AI for website creation through the key ways Copilot enhances the Power Pages experience. 1. Creating Sites with a Prompt Copilot makes it simple to create a fully functional website.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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AI in accounting: Weighing the pros and cons

Accounting Today

Experts at a recent AICPA symposium dove into the upsides and the downsides of artificial intelligence.

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How to Fill Out a 1099-NEC: Your Complete Guide

Patriot Software

Did you make payments to independent contractors during the year? If so, you must use Form 1099-NEC. For accurate reporting of contractor payments, learn how to fill out a 1099-NEC. Who needs to fill out Form 1099-NEC? Businesses that make contractor payments must report them on Form 1099-NEC, Nonemployee Compensation.

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7 Accounting Firms Make Fortune’s 2025 ‘100 Best Companies to Work For’ Ranking

CPA Practice

Seven of the 15 largest accounting firms in the U.S. are included in Fortune magazine's ranking for 2025, and one of those seven made Fortune's annual list for the very first time this year.

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Why IRS cuts may spare a unit that facilitates mortgages

Accounting Today

An Internal Revenue Service division that helps authorize the release of tax transcripts used in lending through form 4506-C is tied to core functions.

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Washington Gov. Ferguson Says He Won’t Sign a State Budget with a New ‘Wealth Tax’

CPA Practice

Washington Gov.Bob Fergusonon April 1 panned budget plans by legislative Democratsfor relying on "far too much in taxes," including a new wealth tax he warned could be overturned by courts.

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Private sector added 155K jobs in March

Accounting Today

Private sector employment grew by 155,000 jobs in March as annual pay increased an average of 4.6% year to year, payroll provider ADP reported.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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New Survey Sentiments from Fund Accountants May Indicate Bellwether Industry Shifts

CPA Practice

Seven in ten fund accountants surveyed identified the adoption of automation and AI as the most pressing industry trend for 2025. Notably, 61% agreed that these technologies will play a major role in fund accounting.

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Intuit upgrades Enterprise Suite

Accounting Today

Intuit announced improvements to its Intuit Enterprise Suite product centered around workflow automation and data analytics and payroll.

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EisnerAmper Merges in Prague & Co. in Massachusetts

CPA Practice

The top 20 accounting firm is expanding its presence in the Boston area by combining with full-service CPA firm Prague & Co. in a deal expected to close this spring.

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How to Acumatica: Pricing Your ERP - Part 1

Insightful Accountant

In this edition of "How to ERP" Murph looks at some of the pricing elements for Acumatica including ways they have made their product not only feature-based but performance-based consistent with your historical transaction data.

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Forecasting Failures Are Costly: Heres 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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Ryan Acquires Brayn Consulting in Texas

CPA Practice

The Dallas-based tax services firm has expanded its income tax practice after acquiring Brayn Consulting, a Houston-based tax firm that specializes in research and development, cost segregation, and green energy income tax incentives.

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Trust Filing Mistake Case May Reshape "Reasonable Cause" Rules

Insightful Accountant

A new federal district court case, Murphy v. United States, creates an important distinction in the long-established Boyle standard for penalty relief when taxpayers rely on tax preparers.

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AvidXchange Unveils New AI Agents to Elevate Accounts Payable Processes

CPA Practice

As part ofAvidXchanges 2025 trends report, which surveyed 500 mid-market finance leaders, it was reported that 76% of finance departments recognize the value of using AI within their finance department to improve efficiency and decision-making.

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Client Overview Template: Key to Smooth Knowledge Transfers

Ryan Lazanis

Avoid missed work and unhappy clients with a client overview template. Discover how this can help you systematize your firm. The post Client Overview Template: Key to Smooth Knowledge Transfers appeared first on Future Firm.

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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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What to Know About Texas Franchise Tax

CPA Practice

If you do business in Texas, youve probably heard of franchise tax. But you may not know exactly what the Texas franchise tax is or if it applies to you. This blog post and Texas franchise tax FAQ will answer the following questions.

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Don't place a bond ladder on shaky tax ground

Accounting Today

The wrong asset location could defeat the whole purpose of the strategy, according to a new study on Treasury inflation-protected securities.

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Order.co Chooses Avalara for Sales Tax Automation and Compliance

CPA Practice

With the adoption of Avalaras proven compliance solutions, Order.co customers can now register their exemption status once and apply exemptions to eligible purchases across all vendors at the time of purchase.

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Government financial reporting and the road ahead under FDTA

Accounting Today

A landmark research study by GASB has provided one of the most detailed examinations to date of how state and local governments in the U.S. use GAAP.

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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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2025 Retail Sales Forecast to Hit $5.42 Trillion, Despite Economic Uncertainty

CPA Practice

The National Retail Federationis forecastingthat retail sales during 2025 willgrow between 2.7% and 3.7% over 2024 to between $5.42 trillion and $5.48 trillion.

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X asks Supreme Court to shield Coinbase users from IRS probe

Accounting Today

Elon Musk's X is urging the justices to shield companies from being forced to disclose sensitive user financial data under "suspicionless" subpoenas.

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Creating an MLM in Ten Easy Steps

FraudFiles

Hundreds of thousands of Americans get sucked into Multi-Level Marketing (MLM) companies each year. From Mary Kay to Amway to Herbalife to PrePaid Legal, the list is seemingly endless. Each offers its own special spin on the products it sells, but the main focus of an MLM is on recruiting new members. MLMs live and [.

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Global Tax Management Acquires DuCharme, McMillen & Associates’ State Income Tax Practice

CPA Practice

As part of the deal, GTM and DMA have entered into a strategic alliance, and the acquisition complements GTM's existing income tax practice.

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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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Macy's to claw back bonuses due to accounting scandal

Accounting Today

The department-store operator tied executives' cash bonuses to an earnings metric that turned out to be overstated by around $81 million in 2023.

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Case Study: A Not-for-Profit Enhances Organizational Sustainability Through Strategic Succession Planning

Withum

Learn how a non-profit organization facing employee retirements optimized operations, mitigated risks and built a foundation for long-term success through a structured non-profit succession planning strategy. Case Brief The client faced the challenge of preparing for a wave of upcoming employee retirements and ensuring operational sustainability. Recognizing the critical need for proactive succession and sustainability planning, the client initially engaged Withum to conduct a high-level diagnos

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Washington gov. pans wealth-tax proposal

Accounting Today

Washington Governor Bob Ferguson said he wouldn't sign a budget that relies on the wealth tax proposed by his fellow Democrats in the state legislature.

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Investment Risk Management: 2X vs. ½

Withum

Investments should be made to enable you to accomplish specific goals. You may not have specific plans for what to do with your accumulated investments, but you would have the general purpose to increase the value of your portfolio or attain a certain amount of annual cash flow at a given point from the interest and dividends. Whatever your goals, you should consider the risks and perform at a simple risk versus reward evaluation, as I explain here.

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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.