Sat.Mar 01, 2025 - Fri.Mar 07, 2025

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5 Signs It’s Time to Switch Accounting Software

Accounting Seed

We sat down with Bob Whitefield, CRO at KPS3, to learn more about why he moved off of NetSuite and when he knew it was time to make a change. Accounting is the backbone of your business, but if your team is still relying on outdated or inefficient software, youre likely feeling the pain. When your accounting system starts to slow you down instead of supporting growth, its time for a change.

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How agentic AI is redefining the tax and accounting profession

ThomsonReuters

In a profession known for its measured approach to change, agentic AI is emerging as a transformative force for accountants, redefining the nature of daily work and opening the door to more meaningful (and profitable) relationships with clients. But what is agentic AI, and how is it transforming the accounting profession? Agentic AI leverages generative AI and large language models to autonomously plan, reason, and execute multi-step processes.

Tax 64
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Pros and Cons of Cash-basis Accounting

Patriot Software

Choosing your accounting method is the first step in handling your companys books. If youre a small business owner, you may prefer the simplicity of cash basis as opposed to accrual or modified cash-basis accounting. But before solidifying your decision, learn the pros and cons of cash-basis accounting.

Account 85
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Form 3115: Changing Your Accounting Method

Patriot Software

As a business owner, youre responsible for keeping your businesss books in shipshape. To do that, you need to choose an accounting method and stick with it. But as your small business grows, you might need to change your accounting method. You can do this with Form 3115.

Account 59
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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!

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Referral Programs for Accounting Firms

Ryan Lazanis

Most firms take a passive approach to referrals, but a proactive strategy can bring in high-quality clients if done the right way. The post Referral Programs for Accounting Firms appeared first on Future Firm.

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Mastering Client Relationships: High-Trust Conversations for Accountants with Mary Schmid

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with conversation expert Mary Schmid to explore the power of high-trust conversations in accounting.

Account 52

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6 Insights for Accountants From the 2025 QuickBooks Small Business Index Annual Report

Insightful Accountant

Accounting professionals know firsthand the challenges small business clients face, regardless of what industry the clients work in, geographic location, or the state of the economy. Read the 2025 Intuit QuickBooks Small Business Index Annual Report.

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Big Firm Advantage in Forensic Accounting

FraudFiles

When companies have big problems, they usually bring out the big guns. The benefits of using large law firms, audit firms, and other professional service firms are undeniable. These firms offer a depth of experience that is invaluable, and they have seemingly unlimited resources in terms of manpower. A large firm often has the ability [.

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A young CPA's guide to finding your industry niche

Accounting Today

Here are five keys to building a career that aligns with your passions.

CPA 53
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Saving for College: Tax Breaks and Strategies Your Family Should Know

RogerRossmeisl

As higher education costs continue to rise, you may be concerned about how to save and pay for college. Fortunately, several tools and strategies offered in the U.S. tax code may help ease the financial burden. Below is an overview of some of the most beneficial tax breaks and planning options for funding your childs or grandchilds education. Qualified tuition programs or 529 plans A 529 plan allows you to buy tuition credits or contribute to an account set up to meet your childs future higher e

Tax 201
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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.

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Own Your Cap Table, Own Your Startup’s Future

BurklandAssociates

Raising funds? Hiring top talent? Your cap table matters more than you think. The post Own Your Cap Table, Own Your Startups Future appeared first on Burkland.

Account 162
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Square sales tax simplified: What you need to know

TaxConnex

The explosion of eCommerce has created a plethora of tools, resources and middlemen to help your company sell online. Some are household-name marketplace facilitators like Amazon. Others are potentially useful valuable back-office providers, like Square. Square is a point-of-sale (POS) system for merchants, either brick-and-mortar or online, to accept card payments and streamline other business operations.

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Treasury Department Suspends Enforcement of BOI and Corporate Transparency Act

CPA Practice

The Treasury Department announced on Sunday, March 2, 2025, that it will no longer enforce the Corporate Transparency Act or the associated Beneficial Ownership Information Reporting requirements.

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Treasury Announces Suspension of BOI Reporting

RogerRossmeisl

As posted to US Department of Treasury website on 3/2/25 The Treasury Department announced on 3/2/25 that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect e

CPA 170
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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.

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Inside the 2025 Top 100 Firms

Accounting Today

A look at the numbers behind the biggest firms in accounting this year.

Account 113
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Groceries vs. restaurant food: Digging into the sales tax differences

TaxConnex

Youd think that if you eat it, its sales tax treatment would be the same at least similar across different states and given methods of preparation of the food. Wrong. Sales tax applies to food in nothing short of a cornucopia of varying ways depending on where you buy it and whether its groceries or prepared (and, in some case, where you eat the prepared food or it youve added certain foods to it).

Sales 130
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A Guide to Understanding the U.S.-Canada Trade War – June 6, 2025

CPA Practice

Many policymakers on both sides of the border oppose the tariffs and hope they wont last. In the meantime, Canada is taking a hard line in response to the U.S. tariffs on Canadian goods.

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Intuit Names Simon Williams as new Accountant Segment Leader

Insightful Accountant

Intuit has officially announced that Simon Williams will assume the role of Vice President of the Accountant Segment within their Global Business Solution Group.

Account 95
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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

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.

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Could Musk's DOGE layoffs hurt the IRS's fight against fraud?

Accounting Today

Tax pros' worries about the impact of Elon Musk's Department of Government Efficiency on the Internal Revenue Service include increased fraud and filing delays.

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Types of Accounts in Accounting to Memorize

Patriot Software

Youve heard about debits and credits. You know they increase and decrease certain accounts. But, how much do you know about the accounts they affect? There are five types of accounts in accounting. If you dont know what they are, your crash course has arrived.

Account 86
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N.J. Accounting Professor Sentenced to Prison For Tax Evasion

CPA Practice

Gordian A. Ndubizu was sentenced to two years in prison after being convicted on Aug. 15 of four counts of tax evasion and four counts of filing false tax returns in tax years 2014 through 2017.

Tax 99
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2025 ProAdvisor Awards 'Voting' is Underway

Insightful Accountant

Voting for both the U.S. and International ProAdvisor Awards is currently underway.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

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.

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BOI reporting will not be enforced

Accounting Today

Love it or hate it, beneficial ownership information reporting is on the shelf for most small businesses for now, at least.

Account 114
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Transposition Error, the Little Mistake That Causes Big Problems

Patriot Software

Mistakes happen, especially when it comes to recording transactions in your books. One type of accounting mistake thats easy to make is a transposition error. Read on to learn what is a transposition error and how it can affect your accounting books. What is a transposition error?

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Aprio Adds Unclaimed Property Compliance Capabilities with Addition of JMS Advisory Group

CPA Practice

Aprio has acquired JMS Advisory Group, LLC (JMS), a firm specializing in unclaimed property compliance and escheat process development and improvement, located in Atlanta.

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Withum Earns Accolades for Recruitment and Internship Excellence

Withum

Withum is proud to announce that it has received a RippleMatch Campus Forward Award in Recruitment Strategies and Internship Programming. This recognition highlights the Firm’s commitment to attracting and developing new talent through early career recruitment with the internship program and Tour de Withum experience. The RippleMatch Campus Forward Awards reflects excellence in commitment to unwavering investment in innovative and multifaceted recruitment strategies.

CPA 90
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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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The 2025 Fastest-Growing Firms

Accounting Today

The 25 accounting practices with the highest revenue growth in percentage terms in 2024 from Accounting Today's Top 100 and Regional Leaders list.

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Throwback Rule: Does Your State Have a Throwout or Throwback Rule for Corporations?

Patriot Software

When it comes to company taxation, each state has its own set of laws for businesses. And depending on your type of business structure, you might be subject to different types of laws, such as the throwback rule. Eager to learn more about the throwback rule?

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W-2 and 1095-A Forms Added to IRS Individual Online Account Tool

CPA Practice

The IRS said Feb. 27 that it's adding the two information return documents to its IRS Individual Online Account tool, which the agency said will consolidate important tax records into one digital location.

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What the 1099-K Requirements Mean for Your Skagit County Small Business

SkagitCountyTaxServices

Youre in the middle of a very busy (and mentally tiring) season for your Skagit County business right now. And unfortunately, its not mostly the fun stuff keeping you busy its things more on the housekeeping side of running your business, like meeting tax and other important government deadlines. Youve got quite a few of those coming up, so I wanted to make sure you havent let any of them slip your mind.

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AP Automation: The Competitive Advantage Your Business Needs

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?