Tue.Apr 08, 2025

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RSM CEO Says They Don’t Poach Big 4 Partners Because Big 4 Partners Are Too Brainwashed By Bad Culture

Going Concern

The headline may sound like a joke but that’s basically what departing RSM Australia CEO Jamie O’Rourke told Australian Financial Review in an interview : Mid-tier accounting firm RSM Australia will not join its rivals in picking off partners from the struggling big four firms as it believes the competitive workplace culture fostered at the top four could damage its carefully curated ethos.

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How To Make IL Dept Of Rev (IDOR) Business Tax And Extension Payments Online – UPDATED April 2025

Nancy McClelland, LLC

Did your accountant (possibly me) ask you to make a business tax payment for your Illinois pass-through entity, such as a Partnership or S-Corp — maybe an estimated tax payment or extension payment? And you’re not entirely sure how to make that happen? Well, you’ve come to the right place. The big difference between making an Illinois Department of Revenue (IDOR) payment for an individual (or even with a sole proprietorship) and an entity-type business (for example, a Partnersh

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Managing the intersection of business automation and CTC compliance: A guide for indirect tax professionals

ThomsonReuters

Highlights: Continuous Transaction Controls (CTC) mandates Business automation and CTC compliance Consequences of non-compliance and future readiness In the ever-evolving landscape of global commerce, Continuous Transaction Controls (CTCs) have emerged as a pivotal element in ensuring compliance and enhancing business automation. Kirsty Kerr, Director, Product Management, Thomson Reuters and Nazar Paradivskyy, Director Regulatory Affairs, Pagero, part of Thomson Reuters, spoke at Synergy 2024.

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Mastering the Human Capacity Planning Process in Project Management

Withum

Human capacity planning, in the context of project management, is just like creating a grocery list before baking! It’s about ensuring you have all the necessary ingredients (in this case, team members and skillsets) ready when you need them. Let’s look into the capacity planning process and how project managers can use it to drive project success.

CPA 52
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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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How to Find Any Transaction in QBO (Fast!)

Ronika Khanna CPA,CA

Have you ever entered a transaction in QuickBooks Online (QBO), only to have it disappear and then not be sure how to find it? The good news is that there are actually numerous ways to find transactions that you have entered in QBO. You just need to know where to look. How are Transactions Categorized in QBO? When you enter a transaction in QBO, there are only two final destinations for it - the balance sheet or profit and loss report.

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AI in the Legal Industry: Progress and Concern

Withum

The use of AI in the legal industry has emerged as a potential solution for managing routine tasks and optimizing workflows. Some legal professionals have begun exploring AI tools for document review, research and basic contract analysis, though adoption remains measured. Weve all heard anecdotal news of someone using ChatGPT to submit a fully hallucinated brief with false information and fabricated citations as fact.

Legal 52

More Trending

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DOGE planning to centralize IRS data under one API

Accounting Today

Elon Musk's Department of Government Efficiency reportedly plans to centralize all IRS data around a single portal and will begin efforts next week with a "hackathon.

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5 Big Mistakes to Avoid During a Market Sell-Off

CPA Practice

When stocks plunge, it can be difficult to keep an even keel. But sell-offs are not the time to start jumping in and out of stocks, or worse yet, panic and sell everything.

payroll 76
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Ensure your next acquisition is the right match

Accounting Today

As M&A rebounds in 2025, dealmakers should conduct a thorough cultural assessment to make sure potential acquisitions are the right fit.

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Georgia Reforms CPA Licensure Process, Broadens Professional Mobility

CPA Practice

This legislation introduces significant reforms to the CPA licensure process and broadens practice privilege mobility, reflecting Georgia's commitment to a dynamic and accessible accounting profession.

Georgia 71
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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Lawmakers reintroduce bill to expand tax credits for affordable housing

Accounting Today

A group of over 100 lawmakers reintroduced legislation in the House to expand and strengthen the Low Income Housing Tax Credit.

Tax 71
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How Much Do the Top 1% Pay in Taxes in Each State?

CPA Practice

The total income tax for the top 1% is more than $50 billion in four states, according to a GOBankingRates reportCalifornia($122 billion), Florida($96 billion),Texas($81 billion), and New York($79 billion).

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IRS employees face further staff reductions

Accounting Today

Internal Revenue Service employees are being offered a last chance for a voluntary buyout as the Supreme Court blocked a ruling requiring the IRS to rehire workers.

Tax 71
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After $1.8B Accounting Error, South Carolina Looks to Change External Auditor

CPA Practice

South Carolina lawmakers want to move on from outside independent auditor CliftonLarsonAllen after a 20-year relationship.

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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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In the blogs: Sweet liberty

Accounting Today

Change is not at hand; a question for brokerages; the IRS Simple Installment; and other highlights from our favorite tax bloggers.

Tax 69
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Come 'explore' the "Best of the Best Payroll Apps" at April's QB Talks

Insightful Accountant

This month, Murph and Debra Kilsheimer will explore the 'Best of the Best' Payroll Apps during QB Talks. Come find out which Payroll Apps give you the most features, convenience and value. You won't want to miss this free webinar.

payroll 52
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Taxpayers in disaster areas get May 1 deadline

Accounting Today

Individuals and businesses in a dozen states hit by natural disasters in 2024 will have at least a few extra weeks to file their taxes or ask for an extension.

Tax 59
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Georgia Enacts New Pathways to CPA Exam

Insightful Accountant

Georgia has passed legislation creating two new pathways of eligibility for candidates to sit for the CPA examination. These new paths are in addition to the existing traditional requirements.

Georgia 52
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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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Accounting for annual and long service leave

Accounting for Good

It is fair to suggest that accounting for annual and long service leave is one of the more cryptic entries when balancing the books for NFPs | AFG

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Busy Season is Here. Don’t Let the Stress Break Your Team.

Insightful Accountant

April is crunch time in finance. Whether you're in the thick of tax filings, comp reviews, or forecasting rounds, the pressure is realand it doesnt just affect deadlines.

Finance 52
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Easter Spending Expected to Reach $23 Million

CPA Practice

According to the survey, the most popular Easter purchasing categories include candy (92%), food (89%), gifts (65%), decorations (51%) and clothing (49%).

payroll 52
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Inside the Firm Growth Forum: Daniel Hood on Scaling $1M–$30M Accounting Firms

Insightful Accountant

In this episode of the Accounting Insiders Podcast, Gary DeHart welcomes Daniel Hood, Editor-in-Chief of Accounting Today, for a deep dive into the Firm Growth Forum, taking place May 2021 at Mission Bay Resort in San Diego.

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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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Group asks for extension on micro-captive reporting to IRS

Accounting Today

The 831(b) Institute sent a letter requesting an extension on a deadline for disclosing information about transactions that the IRS views as tax shelters.

Tax 52
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Making Mistakes With Expert Witnesses

FraudFiles

There is little doubt that litigation can be stressful for clients and attorneys alike. With filings, briefs, and deadlines, the litigator has little time to worry about whether her or his expert witness is getting the job done. The attorney usually has one shot for the expert to get the case right. If the expert [.

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Essential Cybersecurity Tips to Safeguard Your Clients During Tax Season

CPA Practice

Cybercriminal activity like phishing emails, fake IRS scams and malware-infected software ramp up during this period, targeting both businesses and individual filers.

Tax 45
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Acterys celebrates Microsoft’s 50th anniversary

Acterys

Fifty years ago Bill Gates and Paul Allen started Microsoft with a simple but powerful idea to build technology so that people everywhere could build more technology. Today that mission holds true, and Acterys is proud to work closely with Microsoft. Our Acterys Planning Intelligence technology is included in Microsofts Dynamics offering, empowering the business user with a centralized platform for planning, analysis and financial decision-making.

Finance 130
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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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Republicans Float Idea of a Top Tax Rate of 40% for Millionaires

CPA Practice

Republicans are reportedly mulling the idea of creating a new top tax rate that would be around 39% to 40% as a way to offset some of the costs of their tax package.

Tax 115
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Prescription drugs and sales tax

TaxConnex

Anybody who has to get a prescription filled probably doesnt have sales tax at the top of their mind in front of the pharmacist. And thats no prequel to sticker shock most of the time. But there are some states and some circumstances (not many, but some) where Rx meds incur sales tax. (Almost) unanimously tax-free Great news for those in need of amoxicillin, blood thinners, anti-cholesterol statins and the like: No state with a statewide sales tax, save one, charges sales tax on drugs available

Sales 130
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Republicans warm to millionaire tax hike

Accounting Today

The openness to a new 40% tax bracket for millionaires comes after decades of Republicans opposing any form of tax increase.

Tax 64
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Alternate CPA Pathways Breezed Their Way Through the Georgia Legislature

Going Concern

It’s official: alternate CPA pathways have busted out of their Midwestern containment. Just like the AICPA worried they would when Minnesota started rebelling against them. Although it still has to be signed by the governor to become law, House Bill 148 was passed by Georgia senators last week with 52 Yes votes which means the Peach State is only a pen stroke away from having a second, non-150 hour pathway to CPA licensure.

Georgia 59
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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.