ThomsonReuters

MARCH 17, 2025

Blog home With regulatory bodies intensifying their focus on audit quality , todays audit professionals face a growing level of scrutiny around their work. With so much at stake, firms of all sizes must seize on every advantage they can find. But where do you start? To adapt to an industry in flux, audit professionals must harness modern solutions that offer robust documentation frameworks, advanced technology, and proven audit methodology.

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CTP

MARCH 17, 2025

Partnerships are a commonly misunderstood business structure. Because they are perceived as complicatedand sometimes they can bemany entrepreneurs shy away from this entity type and miss out on the many benefits they have to offer. What makes partnerships distinctive? Partnerships are pass-through entities, so they are not subject to corporate income tax.

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Withum

MARCH 17, 2025

On March 12, 2025, the Securities and Exchange Commission (SEC) issued a no-action letter which provided assistance for issuers and investment funds relying on Rule 506(c) of Regulation D. While prior guidance existed on the application of minimum investment amounts as a factor in determining whether an issuer has satisfied the requirement to take reasonable steps to verify purchasers accredited investor status, further clarification has now arrived.

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CTP

MARCH 17, 2025

Partnerships can either be the simplest or one of the most complicated entity typesdepending on how each of the partners relates to the business and what role they play. New entrepreneurs may instinctively view them as too complicated, and even if tax professionals are familiar with the benefits, they may not feel well-versed enough to know when to recommend a partnership structure to their clients.

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accounting and finance

5 Minute Bookkeeping

MARCH 17, 2025

If youve ever opened a clients QuickBooks file only to find a mess of uncategorized transactions, undeposited funds, unapplied payments, or miscategorized expensesyoure not alone. Its easy to feel overwhelmed. But the ability to diagnose these issues is what truly sets great bookkeepers apart. Its more than just identifying errors; its about understanding the root cause and knowing exactly how to fix it.

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Accounting Today

MARCH 17, 2025

This month, the Internal Revenue Service is predicting a rise in tax scams for 2025, and added four new eligible counties for foreign income exclusion.

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Accounting Today

MARCH 17, 2025

Acronyms like CRT, CRAT, CRUT and NICRUT could have many clients' heads spinning. Here's a guide to the key pros and cons for financial advisors to consider.

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CPA Practice

MARCH 17, 2025

Catherine Halie Creps, a partner in KPMGs Department of Professional Practice, will assume her duties at the end of May.

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Patriot Software

MARCH 17, 2025

At some point, you may consider going public if your business is private. When you “go public,” you go through an IPO process. So, what is an IPO? Read on to learn the ins and outs of an IPO, what the process entails, and the pros and cons of going public. What is an IPO?

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CPA Practice

MARCH 17, 2025

The PCC, the group that advises the Financial Accounting Standards Board on private company accounting matters, has published its 2024 Annual Report to highlight its accomplishments and activities.

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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?

Finance

Insightful Accountant

MARCH 17, 2025

Have you voted for the 2025 ProAdvisor Awards? More than 3000 votes have already been cast for this year's candidates for both U.S. and International award candidates. Don't miss the opportunity to vote for the awards.

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CPA Practice

MARCH 17, 2025

The IRS has extended the filing deadline to Nov. 3, 2025, for individuals and businesses in six West Virginia counties that were affected by severe storms, flooding, landslides, and mudslides that began on Feb. 15.

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Insightful Accountant

MARCH 17, 2025

As owners of accounting firms and tax practices, you're uniquely positioned to guide clients beyond compliance and into strategic business enhancement. The emerging research on workplace wellbeing presents a compelling opportunity.

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CPA Practice

MARCH 17, 2025

In total, the agency has sent out more than 43.6 million refunds to taxpayers, up 1.5% compared to March 8, 2024. The average refund amount sits at $3,3245.7% higher than last year.

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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!

Technology

Accounting for Good

MARCH 17, 2025

One of the most common questions Not-for-Profit (NFP) managers ask is: Why doesnt my Profit & Loss (P&L) statement match my cash balance?

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CPA Practice

MARCH 17, 2025

By partnering with a proven IT advisor, firms gain astrategic IT advantagethat enhances performance while controlling costs.

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Accounting Today

MARCH 17, 2025

Small businesses may have been caught unawares by the earlier tax deadline for filing their taxes, but they can still file for an extension.

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CPA Practice

MARCH 17, 2025

A new poll from marketing research firmSavanta reveals that a strong majority of Americans want tax reform, with 70% saying they prefer a simpler tax code instead of the current overcomplicated and stressful U.S. tax system.

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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.

Finance

Accounting Today

MARCH 17, 2025

Take the long view with your practice and don't miss any opportunity to train a staff person properly, as shown in these three memorable anecdotes.

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CPA Practice

MARCH 17, 2025

What makes Southwest Airlines different? Not much anymore. Starting May 28, flyers will have to pay extra for baggage, assigned seats and other items, just like every other airline.

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Accounting Today

MARCH 17, 2025

To prepare for a GenAI-driven future, businesses must maintain impeccable, validated and standardized investment data.

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CPA Practice

MARCH 17, 2025

The collaboration combines Boostscross-border payment solution,Boost 100XB, with TransferMates globally regulated payments infrastructure to help increase industry-wide commercial card usage and adoption.

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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.

Account

FraudFiles

MARCH 17, 2025

Financial statement fraud impacts any person or organization that has a financial interest in the success or failure of a company. A manipulation of the companys reported earnings or assets can affect a bank that extends credit to the company, a shareholder who invests money in the company, and those organizations that enter into contracts [.

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Accounting for Good

MARCH 17, 2025

Preparing an annual budget is critical for any Not For Profit (NFP) organisation.

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Withum

MARCH 17, 2025

These days, nothing is more fluid in the United States than the term tariffs. While debate can be had on the macroeconomics and impacts of tariff policy on the U.S. economy, the tariff discussion appears to be ongoing for the foreseeable future. Because of this, business owners and managers will need to contemplate the impacts of tariffs on their financial reporting process.

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Going Concern

MARCH 17, 2025

Morning, people. 29 days to go until April 15. Got some bad news. We are, in fact, getting dumber : Though there has been a demonstrably steep decline in cognitive skills since the COVID-19 pandemic due to the educational disruption it presented, these trends have been in evidence since at least the mid-2010s, suggesting that whatever is going on runs much deeper and has lasted far longer than the pandemic.

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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.

accounting and finance

Accounting Today

MARCH 17, 2025

The continuing resolution that the Senate narrowly approved included a $20.2 billion cut in the Internal Revenue Service's budget, the third such cut since 2023.

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CPA Practice

MARCH 17, 2025

Since the Unleashing American Energy and Regulatory Freeze Pending Review" executive orders were issued, there has been much speculation on how they will impact green energy funding and incentivesespecially via tax creditsin the Inflation Reduction Act.

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Accounting Today

MARCH 17, 2025

The stopgap funding bill paves the way for Republican lawmakers to pivot to signature border and tax bills they seek to pass in the coming months.

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