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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.
KPMG LLP has taken a significant step by launching KPMG Law US, marking a milestone as the first law firm owned by a Big Four firm to serve the U.S. market.
Running a successful business in 2025 requires more than just a great product or service, you need accurate financial insights to guide your decisions. Accurate financial reports provide a clear picture of your companys health, helping you track performance, manage cash flow, and plan for growth. Without these reports, you could be making decisions based on incomplete or outdated information, leading to costly mistakes.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with Sona Akmakjian, Global Head of Strategic Accountant Partnerships at Avalara, to discuss the evolving landscape of tax compliance.
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.
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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Some potentially juicy news coming out of North Carolina today : The Alexander County Sheriffs Office has received numerous calls related to the accounting firm of Price, Breazeale & Chastang, PA. The Sheriffs Office has been in contact with the North Carolina Board of CPA Examiners pertaining to the business. This business is located off of Shiloh Church Road in the Bethlehem community of Alexander County.
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
Scaling a business is an exciting yet challenging endeavor. As companies grow, financial complexity increases and the need for accurate financial oversight becomes critical. Many businesses find themselves in a position where their bookkeeping is well-managed, but they lack the high-level financial insights necessary to make informed decisions. This is where controller services play a vital role in helping companies scale efficiently.
The St. Louis Business Journal has named Anders one of the 99 largest accounting firms in St. Louis, marking the third year the firm has been included. Anders came in fourth on the list, based on the number of local CPAs employed by each firm: After several years of sustained growth through mergers and recruitment efforts, Anders employs 113 local CPAs and 141 CPAs firmwide.
Withum is proud to share that Lilit Nersisyan , CPA, has been recognized by LA Times B2B Publishing as a Banking & Finance Industry 2025 Visionary. The list includes the top trusted advisors in the Los Angeles area who routinely rise to meet ongoing challenges and help create financial security. Lilit Nersisyan is an audit Principal with over 12 years of experience in Financial Services.
We often hear business owners say they are a "midsize" company or outsourced bookkeepers state they serve both small and midsize businesses. In reality, these terms are often misused and can add some confusion who a business really serves. When most people think of a midsize business, theyre usually describing a larger small businessone that has grown but still lacks the complexity and scale of a true mid-market company.
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.
Lets be honest. People dont get into accounting to be data entry specialists. They want meaningful work that makes a difference in their clients’ lives. However, because of long-held perceptions of mundane work and long hours, accounting firms face challenges in attracting and retaining high-quality staff, especially as younger generations seek more flexible, technology-driven work environments.
Strong accounting is essential for biotech startups to stay compliant with FDA regulations, secure grants, and avoid costly financial and regulatory pitfalls. The post Why Biotech Startups Need Flawless Accounting for FDA and Grant Success appeared first on Burkland.
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.
When it comes to choosing an entity type, many entrepreneurs are drawn to S corporations and may make an election without truly weighing the pros and cons of each option. Business owners may not think to ask their tax planner for advice on business structures, but offering your expertise early in the process can help your clients save significantly on their tax bill down the road.
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?
From an unending stream of regulatory changes to increasing client demands, the accounting profession is in a constant state of change. Just as one tax season wraps up, the next is already on the horizon, bringing with it new rules, expectations, and challenges. But more and more firms are realizing that taking a proactive approach reflecting on last year’s challenges and implementing smarter strategies can better position them to thrive in an increasingly complex landscape.
In this episode of the Canopy Practice Success Podcast, Jasen Stine joins us with his knowledge as an experienced tax and accounting professional. We discuss Jasen's background, including his 25 years in the industry and recent transition to consulting for firms wanting to move towards advisory services. The conversation delves into the benefits and challenges of shifting to a subscription-based model, especially for firms with an established client base.
The Chancellor should extend the six-month Inheritance Tax (IHT) payment deadline, according to a survey of accountancy professionals. Accountancy professionals fear delays are inevitable due to the extra work required due to changes announced in the Autumn Budget. Changes made at the Budget mean that most unused pension funds and death benefits will be included within the value of a persons estate for IHT purposes.
When you are starting a new business or attempting to reduce the tax bill for your existing business, how do you decide which entity type is right for you? Entrepreneurs these days tend to gravitate towards S corporations almost as a default, and certainly, this can be the right choice for certain businesses and comes with its own set of tax advantages.
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!
Withum is proud to announce that Anni Chen , Audit Manager and CPA, has been nominated for CalCPAs Experienced Leader Award. For 10 years, Chen has demonstrated exceptional success across several industries, including life sciences, technology and financial services. The CalCPA Women to Watch Awards celebrates the accomplishments of women CPAs who are making a difference in their industry and communities.
QuickBooks has long been the standard in accounting software, and for good reason. Its a robust tool packed with lots of features, and it can scale with your business. That said, its not the only player in the game. And some of the other options can offer advantages. QuickBooks can get costly as you add seats and features. It might also be overly complex, too, especially if your business is still in its startup phase.
MHA, top 15 firm in the UK (#13) and member of Baker Tilly International, is apparently seriously considering an IPO and soon, maybe as soon as the end of this month. The Times reported earlier this week that such an offering, if it goes down the way partners want it to, would be a “windfall” for the firm’s handful of current and retired partners.
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.
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.
Jump to The AI spectrum in accounting and tax Why your AI position matters Common questions on the AI journey Take the AI readiness quiz In the rapidly evolving landscape of tax and accounting, artificial intelligence has emerged as more than just a buzzwordit’s becoming an essential component of modern practice management. From automating routine tasks to enhancing client service delivery, AI tools are reshaping how professionals approach their work.
Withum is proud to announce that Nicole Liebman , Partner and General Counsel, has been recognized by NJBiz as a 2025 Leader in Law. As the Firms General Counsel, Nicole is integral to Withums success by providing legal guidance that aligns with business goals, managing risks and ensuring compliance. General Counsel is very rewarding to Nicole. The role offers a unique blend of legal expertise, strategic influence and organizational leadership, a dynamic where no two days are the same.
Financial experts advise parents to initiate money conversations with their children as early as possible to normalize financial learning and planning.
In this episode of the Canopy Practice Success Podcast, Jason Stine joins us with his knowledge as an experienced tax and accounting professional. We discuss Jason's background, including his 25 years in the industry and recent transition to consulting for firms wanting to move towards advisory services. The conversation delves into the benefits and challenges of shifting to a subscription-based model, especially for firms with an established client base.
Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
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