Mon.Apr 14, 2025

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Why Outsourced Accounting is Becoming the “New Normal”

Basis 365

The business landscape has evolved significantly in the wake of the pandemic. Companies across industries were forced to rethink their operational strategies, especially in critical areas like finance and accounting. Remote work, digital collaboration, and cloud-based technology became essential tools for survival. As businesses continue adapting to this new normal, one trend has gained significant traction: outsourced accounting.

Account 52
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LLCs vs. S Corporations vs. C Corporations: Choosing the Right Entity for Your Business

Withum

When starting your food or restaurant business, one of the most important decisions you’ll make is selecting the legal structure for your company. Each type of entityLLC (Limited Liability Company), S Corporation, and C Corporationcomes with its own advantages and disadvantages. Limited Liability Company (LLC) An LLC is a hybrid structure that combines the simplicity of a sole proprietorship or partnership with the liability protection of a corporation.

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Mastering tariff series Part 2: Avoiding or delaying tariffs with ONESOURCE FTZ software

ThomsonReuters

Highlights: Foreign Trade Zones (FTZs) help companies reduce the impact of tariffs by deferring or avoiding customs duties, taxes, and tariffs, ultimately improving cash flow. Effective FTZ management requires careful tracking and reporting of goods within the zone Setting up an FTZ and implementing a suitable inventory control system takes time, so companies should start the process now to be prepared for increasing tariffs.

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Six Smart Questions for An Accurate and Timely Financial Close

Withum

Are you struggling to maintain accuracy and timeliness in your monthly or quarterly financials? These six strategic questions can help you create a framework for achieving precision and timeliness in your financial reporting. Have you established a detailed checklist that specifies all closing activities, assigns responsible individuals, sets clear deadlines, and is shared with everyone involved in the closing process?

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

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Embracing AI and closed-loop automation for tax exemption certificate management

ThomsonReuters

Blog home Imagine a world where mastering taxes becomes your company’s secret weapon for boosting total revenue. As businesses aim for greater efficiency and accuracy, artificial intelligence (AI) is a game-changer in handling exemption certificates. Thomson Reuters and CERTifyTax are leading this change by providing an automated solution that simplifies exemption certificate management (ECM), elevates the entire tax function, and positively impacts the bottom line.

Tax 52
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Getting the Most from Proposal Software for Accountants

Canopy Accounting

Creating a proposal for a potential new client sets the tone for the professionalism they expect from your firm moving forward. Even the most prolific accountants struggle with creating quality proposals, whether the challenge is inconsistent formatting, manual errors, or other issues that could potentially undermine the firms credibility.

Account 52

More Trending

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Analyzing Business Tax Returns in Divorce Cases

FraudFiles

Tax returns can be one of the most important pieces of information a forensic accountant evaluates in a divorce case. Of course, there are other very important financial documents, but income tax returns provide summary information about of lot of financial issues, including income, expenses, and assets. I typically recommend reviewing three to five years [.

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All of Tennessee Qualifies for IRS Disaster Tax Relief After Severe Storms

CPA Practice

As a result of the severe storms, which included tornados and flooding, that began on April 2, taxpayers now have until Nov. 3 to file various individual and business tax returns and make tax payments.

Tennessee 113
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Most Americans don't know TCJA will expire

Accounting Today

A majority of Americans do not know that the Tax Cuts and Jobs Act is temporary and set to expire this year, according to Cato Institute.

Tax 108
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How Tariffs May Impact the Restaurant Dining Experience

CPA Practice

Among households earning $50,000 or less a year, dining out is already less attractive because of higher prices, according to TouchBistro's2025 American Diner Trends Report.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Is your finance department firing on all cylinders?

Accounting Insight

A roadmap for a digital transition of the finance function that results in an agile finance department Imagine this everyday scenario: your finance team spends hours manually processing invoices, chasing approvals and fixing errors. The net results are late payments, compliance risks and frustrated suppliers. These outdated financial processes are costing your business valuable time and money.

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Avalara Earns TrustRadius Trusted Seller Verification

CPA Practice

Avalara has been verified as a Trusted Seller on TrustRadius, the most trusted buyer intelligence platform for business technology.

Tax 97
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Top tips: Choosing the right software for your accountancy firm

Accounting Insight

In todays world, embracing the right software tools for accountants is not just a matter of convenience; it’s a fundamental necessity. As the accounting landscape evolves, these tools become indispensable. While your first thought might jump to invoicing tools or actual accounting software, there is a whole world of possible tools that can help you streamline complex workflows, ensure your accountants remain agile in their roles, improve client communication, and more.

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Rectangle Health Launches PayerSync, Automating Payer-Provider Reimbursements

CPA Practice

Rectangle Health has launched PayerSync, a solution designed to digitize and accelerate the critical payer-to-provider payment process.Rectangle Health is a provider of healthcare payment solutions.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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Forms 1042-S due Thursday

Accounting Today

The IRS has extended the deadline for reporting income paid to non-resident aliens, foreign corporations, and other foreign entities.

Tax 88
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The Urgency of Real-Time Financial Insights for Manufacturing and Construction CFOs

CPA Practice

For CFOs, real-time financial insights have become a necessity, enabling smarter decision-making, faster pivots, and greater financial resilience.

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By the numbers: Remote work, state tax burdens and more

Accounting Today

The latest data on the number of accountants working remotely, and where residents experience the highest and lowest lifetime tax burdens.

Tax 82
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Professionals on the Move – April 14, 2025

CPA Practice

Professionals on the Move is a round-up of recent hiring, promotion, and other staffing announcements from around the account profession. Wipfli announces Rebekah Gardner as new chief growth officer Wipfli, a top 25 advisory and accounting firm, recently announced the appointment of Rebekah Gardner as the firms new chief growth officer. Gardner brings a wealth.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.

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Where the Top 100 Firms are

Accounting Today

The accounting profession is at home everywhere in the country, but there are a few spots where it's more concentrated.

Account 73
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IRS Plan to Give Data to ICE Could Wallop California

CPA Practice

According to theInstitute on Taxation and Economic Policy,undocumented taxpayers contributed an estimated $8.5 billion in state and local taxes in California in 2022, more than in any other state.

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Art of Accounting: The end of this year's tax season

Accounting Today

If you were designing a CPA practice from scratch, what would you do about tax season? Keep it as is, make some changes or possibly eliminate it?

Tax 73
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AI Trends CPAs & Accounting Marketers Can’t Afford to Ignore

CPA Practice

AI isnt just some futuristic buzzwordits changing how CPAs, accounting firms, and their marketing teams operate right now. Here are some of the trends thatll shape the accounting industry over the next year and how you can get ahead of the curve.

cpas 74
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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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CBIZ centralizes tech services post-merger

Accounting Today

Following its acquisition with Marcum, Top 10 Firm CBIZ has begun centralizing its disparate technology services under a single office.

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Top 5 Challenges Facing Entry-Level Professionals

CPA Practice

In a survey of nearly 1,000 U.S. employees from Robert Half, respondents revealed some common challenges they encountered early in their careers.

payroll 71
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There's no such thing as an AI-first firm … yet

Accounting Today

The artificial intelligence technology that will transform accounting is available, so what's holding us back?

Account 60
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Latest Prediction Shows Social Security COLA to Increase 2.3% Next Year

CPA Practice

The non-partisanThe Senior Citizens Leaguepredicts the 2026 cost of living adjustment will be 2.3%, 0.1 percentage points higher than last months forecast but 0.2 percentage points lower than the last increase of 2.5%.

payroll 71
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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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Top 100 U.S. ProAdvisors for 2025

Insightful Accountant

Insightful Accountant proudly announces the 2025 Top 100 U.S. ProAdvisors.

Account 59
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How to Help Clients’ Children Score a Top College without Gaming the System

CPA Practice

The first thing to know is that, while colleges are seats of higher learning, they are also a business. They have a brand. They have marketing departments. And theyre vitally interested in improving their position when various publications.

Gaming 55
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IRS Leadership in Transition

Insightful Accountant

Acting IRS Commissioner Melanie Krause has announced her resignation, marking the third leadership change at the agency in just four months. This development comes during a critical period of IRS transformation.

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Wolters Kluwer hit by data breach

Accounting Today

Tax and accounting solutions provider Wolters Kluwer said that there is currently no evidence that any financial or tax data has been impacted.

Tax 52
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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.