Rethinking the billable hour, once and for all
Accounting Today
FEBRUARY 4, 2025
As artificial intelligence streamlines many accounting tasks, clinging to hourly billing will become increasingly unsustainable.
Tue.Feb 04, 2025
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How large tax and accounting firms can use AI
ThomsonReuters
FEBRUARY 4, 2025
Jump to Key areas where AI enhances tax services in large firms Barriers to AI adoption in large firms and overcoming them Embrace AI in your large firm for a competitive edge The tax and accounting industry is on the brink of a significant transformation, driven by the integration of artificial intelligence (AI) and generative AI (GenAI). The 2024 Tax Firm Technology Report highlights that 93% of large tax and accounting firms are either actively using, exploring, or considering AI technologie
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8 Series A Fundraising Mistakes to Avoid
BurklandAssociates
FEBRUARY 4, 2025
By avoiding these common Series A mistakes, youll improve your odds of securing funding and position your startup for long-term success. The post 8 Series A Fundraising Mistakes to Avoid appeared first on Burkland.
Tax rates help drive state-to-state migration
Accounting Today
FEBRUARY 4, 2025
Americans are moving to states with lower taxes to save money.
The Silent Crisis: Why Finance Lags in Digital Transformation and How to 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?
Bipartisan State House Bill Would Create Additional Pathways to CPA Licensure in Illinois
CPA Practice
FEBRUARY 4, 2025
House Bill 2459, introduced on Feb. 3 by state Reps. Natalie Manley (D) and Amy Elik (R), who are both CPAs, would amend the Illinois Public Accounting Act to create two additional pathways to CPA licensure in the state and enhance CPA practice privilege mobility.
New ways to CPA
Accounting Today
FEBRUARY 4, 2025
As the profession struggles with its pipeline problem, groups across accounting are targeting one particular hurdle: requirements for licensure.
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Agentic AI: small steps, big aspirations at accounting firms
Accounting Today
FEBRUARY 4, 2025
Agentic AI is already gathering momentum at accounting firms as leaders anticipate great potential for semi-autonomous bots.
Avalara Report Shows States Trying to Simplify Sales Taxes, Amping Up Audit Teams, and Increased E-Invoicing
CPA Practice
FEBRUARY 4, 2025
Key findings in the 2025 Avalara Tax Changes report point to nascent state-by-state efforts to alleviate the burden of tax compliance related to economic nexus laws.
The 2025 Top New Products
Accounting Today
FEBRUARY 4, 2025
Audit tools take center stage, even as artificial intelligence remains a priority across accounting technology.
IRS Says No Tax Deduction for IVF Expenses of Surrogate
CPA Practice
FEBRUARY 4, 2025
In a new private letter ruling, the IRS said that in vitro fertilization (IVF) expenses for a surrogate on behalf of a married couple are not deductible by the couple as a medical expense under the tax code.
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!
RSM grows global revenue to $10B
Accounting Today
FEBRUARY 4, 2025
RSM International announced its 2024 financial results, reporting 15% growth in global fee income and 11% growth in tax revenues.
Free Streaming Series Offers Wellness Tips for Professionals During Busy Season
CPA Practice
FEBRUARY 4, 2025
The online wellness program provides free, expert-led wellness events specifically designed to support mental clarity, reduce stress, and optimize productivity during the busiest time of year.
Crowe announces firmwide collaboration with OpenAI
Accounting Today
FEBRUARY 4, 2025
Under the agreement, Crowe will "deeply adopt" ChatGPT Enterprise.
RSM Reached $10 Billion Global Revenue Milestone in 2024
CPA Practice
FEBRUARY 4, 2025
RSM is the sixth global accounting network to reach or exceed revenue of $10 billion in 2024, joining Deloitte, PwC, EY, KPMG, and BDO.
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.
New Hampshire fights out-of-state sales tax
Accounting Today
FEBRUARY 4, 2025
The Granite State's attempts to protect its retailers may not come to much, though.
Survey: One in Five Americans Would Rather Renew Driver’s License at a DMV Than Work on Their Taxes
CPA Practice
FEBRUARY 4, 2025
A new survey from Invoice Home sought to uncover the current state of consumer tax filing for Americans in 2025 and the hurdles people are willing to put themselves through when it comes to filing annually.
PCAOB warns audit firms about using 'specialists'
Accounting Today
FEBRUARY 4, 2025
The Public Company Accounting Oversight Board cautioned about relying on the work of specialists who help with fair value measurements and accounting estimates.
IRS Urges Taxpayers to Choose Tax Preparers Carefully
Insightful Accountant
FEBRUARY 4, 2025
The Internal Revenue Service today reminded taxpayers that choosing the right tax professional is essential to helping them avoid tax-related identity theft and financial harm.
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.
Student-athletes need an assist with NIL taxes
Accounting Today
FEBRUARY 4, 2025
Young athletes are raking in as much as several millions of dollars a year, but the nascent legalized pay for student-athletes needs reforms, a new study said.
UDA ConstructionOnline Announces New Financial Dashboards
Insightful Accountant
FEBRUARY 4, 2025
UDA Technologies' ConstructionOnline software is providing powerful new financial dashboards for enhanced business intelligence.
Wage growth slows at small biz
Accounting Today
FEBRUARY 4, 2025
Job growth also slowed at small businesses in January, according to payroll company Paychex.
More than QuickBooks Offers
Insightful Accountant
FEBRUARY 4, 2025
At QB Talks this month, Murph and Charles Nagel, the founder and chief technology officer of Qvinci, will explore the power of Qvinci to overcome the limitations of QuickBooks.
Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense
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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.
Outsourced Accounting Services for Marketing Agencies
Summit CPA
FEBRUARY 4, 2025
Digital marketing agencies can refer to different kinds of businesses, including design-dev agencies, advertising agencies , SEO -ppc agencies, as well as product-only.
Join Me for Today's Webinar on Backup Alternatives
Insightful Accountant
FEBRUARY 4, 2025
I've researched for Backup Solutions that can be used to keep your QuickBooks Online data safe. Intuit backups are for catastrophic events impacting their entire platform, not customer data issues. You need a backup you can control.
In the blogs: A-changin'
Accounting Today
FEBRUARY 4, 2025
Future of the IRS; the VAT obstacle; awaiting results; and other highlights from our favorite tax bloggers.
BPM Creates Global Network of Firms
CPA Practice
FEBRUARY 4, 2025
San Francisco-based top 35 accounting firm BPM launched a new international network, BPM Global Ltd., on Feb. 3 made up of independent member firms, with Australia-based Enspira Financial as its first.
Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation
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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.
Explore the Xero App Store’s 2024 top apps
Xero
FEBRUARY 4, 2025
Finding tools to simplify your processes and save time is essential for a small business owner. But with so many apps available to connect to Xero, it can feel overwhelming to sort through them all. Thats why weve pulled together lists from the Xero App Store in Australia , the US and the UK where you can see the years most popular, most recommended, and award-winning apps to help you discover apps that are functional, trusted and loved by businesses and experts alike.
Will Trump’s Tariffs Impact How Americans Shop? Here’s What a New Poll Found
CPA Practice
FEBRUARY 4, 2025
Most Americans believe tariffs will lead to higher pricesand, as a result, many have already changed how they shop, new polling from YouGov reveals.
Sales tax registration: The latest and what’s involved
TaxConnex
FEBRUARY 4, 2025
Its been almost seven years since the Supreme Courts South Dakota vs. Wayfair decision opened the door for remote sellers sales tax obligations in almost every state. In that time, online businesses need to get sales and use tax registration right has only intensified. Many businesses can now feel overwhelmed with managing sales tax obligations and by the number of applications they must file in every state where they have an economic or physical nexus.
IRS Income Tax Refund Schedule for 2025
CPA Practice
FEBRUARY 4, 2025
This chart can help you estimate when you should get your 2025 income tax return, based on when you file and a few other easy factors.
Outsourcing Vs. In-House: The Ultimate Battle For Better Collections
Speaker: Susan Richards
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
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