Tue.Mar 18, 2025

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The growing intersection of law and accounting

Accounting Today

KPMG LLP has taken a significant step by launching KPMG Law US, marking a milestone as the first law firm owned by a Big Four firm to serve the U.S. market.

Account 59
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Small, Medium, or Large? Clearing Up Business Sizes and Accounting Expectations

Basis 365

We often hear business owners say they are a "midsize" company or outsourced bookkeepers state they serve both small and midsize businesses. In reality, these terms are often misused and can add some confusion who a business really serves. When most people think of a midsize business, theyre usually describing a larger small businessone that has grown but still lacks the complexity and scale of a true mid-market company.

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Why Biotech Startups Need Flawless Accounting for FDA and Grant Success

BurklandAssociates

Strong accounting is essential for biotech startups to stay compliant with FDA regulations, secure grants, and avoid costly financial and regulatory pitfalls. The post Why Biotech Startups Need Flawless Accounting for FDA and Grant Success appeared first on Burkland.

Account 130
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Where does your accounting firm stand in it’s AI journey? Take our quiz to find out

ThomsonReuters

Jump to The AI spectrum in accounting and tax Why your AI position matters Common questions on the AI journey Take the AI readiness quiz In the rapidly evolving landscape of tax and accounting, artificial intelligence has emerged as more than just a buzzwordit’s becoming an essential component of modern practice management. From automating routine tasks to enhancing client service delivery, AI tools are reshaping how professionals approach their work.

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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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Withum Congratulates Anni Chen, CPA, on CalCPA Women to Watch Experienced Leader Award Nomination

Withum

Withum is proud to announce that Anni Chen , Audit Manager and CPA, has been nominated for CalCPAs Experienced Leader Award. For 10 years, Chen has demonstrated exceptional success across several industries, including life sciences, technology and financial services. The CalCPA Women to Watch Awards celebrates the accomplishments of women CPAs who are making a difference in their industry and communities.

CPA 52
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Financial Audits Are Essential in Business Succession Planning

LSLCPAs

Selling a business is a major milestoneone that requires careful preparation, strategy, and planning. While sellers focus on maximizing value and ensuring a smooth transition, potential buyers or successors are busy assessing risks and long-term potential. One of the most effective ways to build buyer confidence and streamline the sales process is through a financial.

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More Trending

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AICPA recommends tax law changes

Accounting Today

The American Institute of CPAs submitted a set of legislative priorities in a letter to congressional leaders, suggesting possible changes to the tax rules.

Tax 94
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IIA Makes Recommendations on Development of Artificial Intelligence Action Plan

CPA Practice

The IIA emphasized the importance of establishing clear and measured safeguards governing AI applications, noting the significant impact the technology will have on Americans.

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State leaders clear misconceptions about 150 hours

Accounting Today

Leaders from the six largest CPA societies coauthored an article addressing common misconceptions about making changes to CPA licensure requirements.

CPA 90
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Experiences 2025 – Agentic AI – Part 1: Opportunity

CPA Practice

Agentic AI refers to artificial intelligence systems that operate autonomously and can perceive, reason, plan, and take action to pursue goals.

Account 59
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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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AI skepticism grows among compliance professionals

Accounting Today

Compliance professionals working to prevent financial crimes are losing their faith in AI to solve more problems than it causes.

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Baldwin Appointed to Governmental Accounting Standards Advisory Council

CPA Practice

Baldwin currently serves as the executive director of the Council of Internal Auditing for the State Budget and Management Office of the state of North Carolina.

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Ex-Credit Suisse client pleads guilty to hiding money from IRS

Accounting Today

A Brazilian-American businessman became the second former Credit Suisse client to plead guilty within the last week to hiding millions of dollars in assets.

Tax 64
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FlexTecs Announces FlexTrap Statement Reconciliation

Insightful Accountant

FlexTecs has expanded their proprietary payment accuracy platform with the release of FlexTrap Statement Reconciliation.

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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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Scammers revive schemes during tax season

Accounting Today

Tax scammers are exploiting the current political divide and resurrecting old websites to lure potential victims, according to a new report.

Tax 52
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ERP Survey - Spring, 2025

Insightful Accountant

Murph is asking you to provide information as to your interest in learning more about various ERP solutions for you or your clients. He also wants to know the format you prefer to get your information.

52
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In the blogs: Recovery mode

Accounting Today

Muni bonds and taxes; BE-10 time; a troubling history; and other highlights from our favorite tax bloggers.

Tax 52
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Today's QB Talks is the "Best of the Best eCommerce Apps"

Insightful Accountant

Join Teresa Slack and myself for today's QB Talks as we take a 'deep-dive' into the 'five best' of the "Best" eCommerce integration apps. Bathing suits, scuba gear and deep-diving equipment are all optional.

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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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Gen Zers and Millennials Panic the Most About Taxes, Survey Finds

CPA Practice

A new survey from CNET reveals that 44% of tax filers have anxieties and fears about filing their taxes, with Gen Z and millennials freaking out the most at 51% and 48%, respectively.

Tax 52
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PCAOB names advisory group members

Accounting Today

The Public Company Accounting Oversight Board today appointed members of the Investor Advisory Group and the Standards and Emerging Issues Group.

Account 52
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FlexTecs Updates AI Solution to Automate Supplier Reconciliation

CPA Practice

Initially introduced with a focus on payment error prevention, FlexTrap has now expanded into a fully extensible platform, introducing supplier statement reconciliation to further reduce financial leakage and improve financial operations.

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Internal auditors want role in US's AI action plan

Accounting Today

The Institute of Internal Auditors is asking the federal government to give the internal audit function a key role in providing assurance over the use of artificial intelligence as part of a nationwide action plan.

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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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The Death of a CPA: What Happens to the Firm? Time to Make a Plan

CPA Practice

You will die one day. What if it happens before you retire? CPAs should have a formal succession plan that addresses how the sale or termination of the practice (retirement, incapacity, or death) will be handled.

CPA 52
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Turkish fortune tellers find their future includes tax audits

Accounting Today

Turkey's Treasury and Finance Ministry is using artificial intelligence to track down money earned by psychics and fortune tellers as part of a broader drive.

audit 52
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AICPA Tells Senate Its 2025 Tax Priorities

CPA Practice

The tax priorities letter focuses on a select number of provisions that the AICPA is immediately focused on due to their possible consideration as part of the upcoming 2025 tax legislative process.

Tax 52
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Use strategic planning to meet growth goals

Accounting Today

No matter where a CPA practice is in its life cycle, owners should have growth in mind.

CPA 52
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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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Illinois Doctor Pleads Guilty to Evading Approximately $1.6M in Taxes

CPA Practice

An Illinois doctor has pleaded guilty to tax evasion for hiding assets and lying to the IRS about his ability to pay approximately $1.6 million in taxes, penalties, and interest.

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The Future of Accounting Operations: Embracing Technology and Automation

Canopy Accounting

Is your accounting firm prepared for the future? Find out by reading about the technologies that are forever changing how we approach accounting operations.

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Child Care for Infants is More Expensive than College in 38 States, Shows Study

CPA Practice

In addition, child care is more expensive than rent in 17 states and Washington D.C., showing that child care is one of the biggest expenses families face.

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Is a Lifestyle Analysis Simply Data Entry?

FraudFiles

When completing a lifestyle analysis in a divorce or child support case, I am often asked whether my work is simply data entry. Why does a forensic accountant need to do the lifestyle analysis? Cant anyone with a bit of accounting training do it? As Tracy discusses in the video below, a lifestyle analysis is [.

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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.