Wed.Apr 09, 2025

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Achieving Efficient Financial Management in 2025

Shay CPA

When we start planning for a new year, things often look rosy. We might set sweeping goals and make ambitious projections. Then, the reality of life settles in. As the year gets underway, the busyness that comes with running a business has probably already presented an obstacle. That means its time to prioritize. As you choose where youll focus the time and energy you actually have in 2025, make sure you include one category: financial management.

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Word on the Street Is Baker Tilly and Moss Adams Are Merging

Going Concern

What even is happening. WSJ dropped an exclusive today : Accounting firm Moss Adams is in advanced talks to receive private-equity investment through a merger with peer Baker Tilly, people familiar with the matter said. The combined firm would be led by senior leadership from both organizations, one of the people said. We’re told by a tipster that CEO emails have already gone out to staff so it seems legit.

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Top 50 International ProAdvisors for 2025

Insightful Accountant

Insightful Accountant proudly announces the Top 50 International ProAdvisors for 2025.

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Rebuilding the corporate ladder

Accounting Today

How about an entrepreneurial path that puts you in an environment where you can be strategic and innovative for the good of the firm?

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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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64% of Americans Have Delayed or Avoided Financial Decisions Because of Credit Card Debt

CPA Practice

This includes those who say they delayed spending on health care costs (17%; e.g. medication, medical procedures, etc.) or wellness (17%; e.g. gym fees, weight management programs, meal delivery services, etc.).

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Acting IRS Commissioner Krause to resign

Accounting Today

Acting IRS commissioner Melanie Krause reportedly intends to resign after a deal with the Department of Homeland Security to use IRS data for immigration enforcement.

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More Trending

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The Power of Financial Dashboards for Real-Time Reporting

AccountingDepartment

In today's fast-paced business landscape, staying informed about your company's financial health isn't just beneficialit's crucial. However, the challenge often lies in navigating the sea of data and turning it into actionable insights.

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AICPA Offers Suggestions on New Generation Skipping Transfer Regs

CPA Practice

These relief provisions are designed to provide a safety net for taxpayers, ensuring that their estate planning and tax strategies can be effectively implemented even if initial errors are made.

Tax 76
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IRS will share immigrant tax data to build criminal cases

Accounting Today

The Internal Revenue Service will give taxpayer data about immigrants to U.S.

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EY Invests $1B to Integrate AI into Accounting and Audit Platform

CPA Practice

The capabilities include EYQ Assurance Knowledge, which uses generative AI (GenAI) to help with detailed searches and summarization of accounting and auditing content.

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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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EY bolsters AI capacities for assurance

Accounting Today

Big Four firm EY announced a collection of new AI solutions to enhance the work of its assurance professionals, as part of its $1 billion investment in AI.

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What Your Team is Doing With Time Saved by AI

Insightful Accountant

Generative AI tools are transforming how tax professionals work, reducing task completion time by up to 56%. However, recent research indicates many practitioners aren't optimizing this newfound efficiency. Here's what tax practice pros should know.

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Google Cloud pens deals with Deloitte, PwC, Intuit

Accounting Today

Deloitte and PwC, and business software provider Intuit, each announced separate deals with Google to access its cloud infrastructure and AI capacities.

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69% of CEOs Say Tariffs Will Hurt Business: Survey

CPA Practice

Small and midsize business CEOs' confidence in the economy decreased significantly in Q1 2025, according to the latest CEO Confidence Index from CEO coaching and peer advisory organization Vistage.

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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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Iowa adds path to CPA licensure

Accounting Today

The Iowa Legislature passed a bill creating an additional pathway to CPA licensure.

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Vertex Adds Integration with Coupa for Total Spend Management Platform for SMBs

CPA Practice

Customers benefit by extending the capabilities of their spend management platform and solve unique business challenges, while reducing the cost of third-party software integrations.

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Auditors, management prepare for AI impact on financial data

Accounting Today

As AI works its way into more and more business processes, it has become increasingly important for auditors to understand where, why, when and how organizations use it and what impact it is having.

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Getting Clients Excited to Sign Their Engagement Letter

Canopy Accounting

If reminding clients to sign their engagement letter makes you feel like a dentist scheduling root canals, it may be time to rethink how you are selling the task.

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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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IAASB revises going concern standard

Accounting Today

The International Auditing and Assurance Standards Board released a revised standard on how auditors should evaluate a business's prospects as a going concern.

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You’re The Boss

Ryan Lazanis

Scrambling to keep up with client work? Poor systems drain your time and energy. Here's how to lead your firm without losing control. The post You’re The Boss appeared first on Future Firm.

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AICPA suggests changes in GST tax exemption rules

Accounting Today

The American Institute of CPAs asked officials in the Treasury and the IRS for changes in the final regs governing generation-skipping transfer tax exemptions.

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Americans Who Say Their Taxes Are ‘Fair’ Reaches Near Record Low, Gallup Finds

CPA Practice

More Americans believe what they pay in federal income taxes to the IRS is unfair, as tax fairness nearly reaches an all-time low, according to a new Gallup poll.

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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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What does an IRS in flux mean for financial advisors and clients?

Accounting Today

The first wave of layoffs and others in the works will reduce enforcement. But the smaller ranks will still carry out "a rather grueling examination," an expert says.

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Acting IRS Chief to Leave After Agency Makes Immigrant Tax Data-Sharing Deal with DHS

CPA Practice

Melanie Krause, who took over as acting IRS commissioner in February, is stepping down after the agency reached an agreement with the Department of Homeland Security to share the data of immigrants in the U.S. illegally to assist with immigration enforcement.

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TCJA Sunset Adaption Plan for Law Firms

Withum

The law known as the Tax Cuts and Jobs Act (TCJA) included some major changes to the Internal Revenue Code, but not all of them are here to stay. A number of significant provisions are set to expire after 2025, having significant impact on law firms, their employees, and their clients. Although Congress may act to extend some or all of them, it is important to know which provisions are expiring that may affect your tax planning.

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Tax Court weighs risk and the R&D credit

Accounting Today

In two recent cases, the court looked to local law for the first time in research funding analysis.

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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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Steve Padgett’s 5 Rules For Deducting Travel Expenses

SkagitCountyTaxServices

They say money cant buy happiness But it can buy you a good CPA which is basically the same thing in April. Because on a serious note, its hard to have peace of mind about your Skagit County businesss finances if your taxes arent squared away. The threat of IRS penalties doesnt generally lend to peace of mind, in my experience. Your best move at this point (with the tax deadline only about a week away ) is to file an extension.

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Improving lead conversion: give qualification criteria a boost

Accounting Insight

Defining and agreeing lead qualification criteria is crucial to a successful lead management processbut its not a one-off task or a one-way street. To boost conversion rates, qualification criteria should be reviewed regularly to ensure they still reflect business objectives, market conditions, and, perhaps most importantly, customers wants and needs.

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Trump Pauses Higher Tariffs on Most Nations But Hikes China Rate

CPA Practice

PresidentDonald Trumpsaid April 9 he would pause higher reciprocal tariffs for 90 days on dozens of trade partners while raising duties on Chinato 125%.

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A Trump Tariff News and Information Roundup Without the Social Media Hot Takes

Going Concern

Ed. note: As we were putting this article together, Trump announced a 90-day pause on tariffs for some countries but China. This news is moving fast. President Trump’s tariffs took effect today and we figured this would be a good time to do a little roundup. It’s been difficult to sort out actual news — particularly news relevant to accounting and finance professionals — from the excess of noise.

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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.