Tue.Mar 11, 2025

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Survey: 91% of Americans Think Filing Taxes Should Be Free

CPA Practice

In addition, two in three people describe tax preparation companies that advertise free tax filing services as "bait-and-switch" schemes, according to WalletHub's 2025 Tax Survey.

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Key Q2 2025 Tax Deadlines for Startups

BurklandAssociates

Q2 tax deadlines are coming fast. Stay ahead of key filings, avoid penalties, and keep your startup on track with this essential guide. The post Key Q2 2025 Tax Deadlines for Startups appeared first on Burkland.

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How much tax do you pay in a lifetime?

Accounting Today

The total lifetime tax amount in the highest-paying state is $755,493.

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New Mexico Sick Leave Law: Know About the Healthy Workplaces Act

Patriot Software

What happens when your employee gets sick? If youre a New Mexico employer, you need to know about the Healthy Workplaces Act. Saddle up to make sure you are in compliance with this New Mexico sick leave law. When someone is sick, work can be far from their mind.

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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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Internal audit staffs and budgets rise

Accounting Today

Internal auditors are taking on more responsibilities, leveraging generative AI for tasks such as audit planning and reporting, says a new IIA report

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RSM US to Use Arch Platform to Navigate Complexities of Alternative Investments

CPA Practice

RSM US said on March 11 it's partnering with Arch on an initiative that equips the top five accounting firm's family office, financial services, and private client teams with a tech-forward solution that makes managing alternative investments more efficient.

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QuickBooks Desktop Enterprise: Step-by-Step through the Item Profitability Report

Insightful Accountant

Murph takes you step-by-step through the Item Profitability Report found only in QuickBooks Desktop Enterprise v24 R13 (and above).

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In the blogs: Nothing doing

Accounting Today

Familiar fears for firms; 10 reminders for the season; new blog on the block; and other highlights from our favorite tax bloggers.

Tax 52
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The Future of Tax Accounting: Will Hill on Productivity & Firm Growth

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with tax accounting expert Will Hill, who brings 24 years of experience in optimizing accounting firm operations.

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How AI will change lease accounting and auditing

Accounting Today

AI is transforming the way businesses manage their lease portfolios, bringing automation, accuracy and strategic insights to lease accounting and auditing.

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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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Digits Autonomous General Ledger Will Take on QuickBooks, Company Says

CPA Practice

AGL acts as a proactive bookkeeper, automatically categorizing transactions, reconciling accounts, and delivering real-time financial insights with unmatched speed and accuracy.

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Fighting systemic racism with estate planning — one client at a time

Accounting Today

The authors of a new study explaining the specific significance of trusts for building Black wealth used the analogy of a beach filled with starfish.

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Smarsh Announces AI Assistant for Professional Archiving

CPA Practice

Smarsh works in partnership with the worlds largest global banks, enabling training of their data for industry-leading AI for compliance.

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How AI-X firms will redefine accounting

Accounting Today

Excellence in artificial intelligence is going to be a key differentiator for accounting firms in the near future.

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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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BlackCloak Launches Enhanced Family Office Cybersecurity Bundle

CPA Practice

BlackCloak designed its enhanced family office services for multi-generational family offices administrators and family members including critical product and service capabilities, with packaging and pricing tailored for this specialized audience.

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Digits announces Autonomous General Ledger

Accounting Today

Accounting automation solutions provider Digits released its Autonomous Digital Ledger solution, intended to directly challenge competitors such as QuickBooks.

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Intuit QuickBooks Enables Tap to Pay on iPhone

Insightful Accountant

With Tap to Pay on iPhone, Intuit is giving customers a competitive advantage that accelerates cash flow, business growth, and customer loyalty

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QuickBooks announces Recurring Payments

Accounting Today

QuickBooks announced a new Recurring Payments feature to enhance invoicing management for small- and mid-market businesses.

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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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IRS: Average Tax Refund Amount Up 6.3% From This Time Last Year

CPA Practice

The averagetax refund amount for tax returns filed through Feb. 28 was $3,382, about 6.3% higher than the average refund of $3,182 through Mar. 1, 2024, the IRS said last week.

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New bill calls for tax preparer regulation

Accounting Today

Rep. Steve Cohen has re-introduced a bill that would give the IRS the authority to set and enforce standards for tax pros.

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Preventing Fraud in a Law Firm

FraudFiles

There are two inexpensive and simple steps that can be taken to provide more oversight for the disbursement function at a law office. First, a partner needs to be actively involved in the process of issuing checks and electronic payments. Its not enough to simply glance at checks to vendors and immediately sign them. Someone [.

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Maximizing IT Investments: Hardware, Software, and Budget Planning

CPA Practice

CPA firms must balance cutting-edge IT solutions with cost-effective management. Firms that fail to optimize their IT investments often struggle with inefficiencies, unplanned expenses, and system downtimes that negatively impact productivity.

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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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PCAOB sanctions KPMG network firms in 9 countries

Accounting Today

The Public Company Accounting Oversight Board imposed $3.375 million in fines on KPMG firms in Australia, Brazil, Canada, Israel, Italy, Mexico, South Korea, Switzerland and the U.K.

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State CPA Society News & Updates – March 2025

CPA Practice

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.

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DOGE set to hamstring IRS

Accounting Today

With tax season in full swing, the Internal Revenue Service is being severely hampered by cutting staff.

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DFIN Announces EDGAR Next Enrollment Portal to Ease Compliance with New SEC Rules

CPA Practice

Through this new intuitive portal, DFIN clients can quickly meet the new authentication requirements for all filing types, including public company filings, investment company filings, and beneficial owner reporting.

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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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States with the highest & lowest sales tax rates

TaxConnex

Sales tax is confusing enough with the thousands of multi-level jurisdictions in the U.S. and constantly changing tax laws. Maybe one day the country will have one sales tax rate across all states but that sure isnt today. And some states sales tax rates are a lot higher than others. Highs and lows You dont sell in multiple states, or even within various localities in a single state, long without encountering the dizzying inconsistency of sales tax rates.

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Report Shows 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 havesufficient funding.

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We heard you: Making payroll more affordable for Australian small businesses

Xero

Last year we introduced a new line up of plans for our Australian customers to simplify our offering and make it easier to choose the right plan. As part of this, we made some changes to how payroll was included in our plans. Since then, we’ve heard from you, our community, that we didn’t quite get it right for everyone particularly those with a few employees, or small business owners who need to pay themselves.

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AICPA News – March 11, 2025

CPA Practice

AICPA News is a round-up of recent news and announcements from the American Institute of CPAs.

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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?