Wed.Mar 12, 2025

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Controller vs. Bookkeeper vs. CFO: Understanding the Key Differences

AccountingDepartment

When it comes to managing a companys finances, businesses often rely on a combination of bookkeepers, controllers, and CFOs to maintain financial health and make strategic decisions.

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Fintech execs discover the enemy within: AI

Accounting Today

Most accounting tech companies pride themselves on making life easier for accountants, but why would accountants buy AI that could theoretically take their jobs?

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How to Survive a Period of Unemployment

CPA Practice

Going without income as a result of unemployment creates financial stress, but there are ways to make it a little bit easier.

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Lawmakers reintroduce R&D expensing bill

Accounting Today

A bipartisan group of lawmakers has reintroduced legislation to allow immediate expensing of research and development costs, all the way back to 2022 when the tax break expired.

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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?

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Forvis Mazars Tops $5 Billion in Global Revenue in 2024

CPA Practice

Globally, audit and assurance services contributed 40% of Forvis Mazars' revenue, followed by tax at 24%, advisory 24%, and accounting 12%.

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Load up on laptops, and other tech stories you may have missed

Accounting Today

Plus, agentic AI as a cybersecurity threat, and seven other tech developments and how they'll impact your clients and your firm.

More Trending

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PCAOB sanctions former BF Borgers partner

Accounting Today

The PCAOB sanctioned a former BF Borgers partner for audit failures and violating partner rotation limits, and PwC Singapore for violating rules and quality control standards.

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8 Reasons Why You Might Want to Delay Retirement

CPA Practice

While life doesnt always go according to plan, would-be retirees can make the best of a delayed retirement timelineand may even find that putting it off for a few years is a good idea.

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SEC hits the brakes on accounting and auditing enforcement

Accounting Today

The Securities and Exchange Commission dramatically pulled back on accounting and auditing enforcement last year after two years in a row of increases.

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Intuit Rolls Out Tap to Pay on iPhone for SMBs Using QuickBooks Online

CPA Practice

Intuit announced March 11 the availability ofTap to Pay on iPhonefor its QuickBooks Online customers in the U.S., enabling small and mid-market businesses to seamlessly and securely accept in-person contactless payments using an iPhone.

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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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5 megatrends in business process and tax digitalization

Accounting Today

Businesses are facing mounting regulatory requirements that fundamentally reshape tax and financial processes.

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Minnesota Moves Closer to Alternate CPA Pathway Bill

CPA Practice

The Minnesota state senate has moved one step closer toward possibly enacting a bill that would provide alternate methods of obtaining the CPA credential.

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Bloomberg announces new gen AI research features

Accounting Today

Bloomberg Tax and Accounting released two new generative AI-driven features to aid users in tax research.

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How Do I File a 1099 for My Independent Contractors? 

Patriot Software

If you hire an independent contractor and pay them $600 or more during the tax year, you must create, distribute, and file Form-1099-NEC. You might wonder, How do I file a 1099? Read on to learn how to file a 1099 and streamline the process with software.

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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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House votes to repeal crypto DeFi tax regulation

Accounting Today

The House of Representatives passed a resolution to repeal the regulations that created reporting requirements for digital asset brokers using decentralized finance systems.

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More Than 1 in 3 Americans Have Faced a Financial Scam or Fraud in the Past Year, Survey Finds

CPA Practice

The latest Bankrate Financial Fraud Survey reveals that about 1 in 3 U.S. adults (34%) have experienced financial fraud or a scam in the past 12 months, since January 2024. Among them, nearly 2 in 5 (37%) lost money.

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Ex-Credit Suisse client pleads guilty to hiding $90M from US

Accounting Today

Gilda Rosenberg, a Florida businesswoman, admitted in a Miami federal court that she conspired to defraud the U.S., evade taxes and fail to file FBARs.

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Bloomberg Tax & Accounting Launches New Gen AI-Powered Features for Tax Research

CPA Practice

Bloomberg Tax & Accounting announced March 10 the launch of two new generative AI-powered features that simplify tax researchBloomberg Tax Answers and AI Assistantnow available within the Bloomberg Tax platform at no additional charge.

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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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Find out how Acterys Data Intelligence empowers organizations to create tailored, scalable, AI-ready applications for the Microsoft ecosystem

Acterys

Learn more at FabCon 2025 in Las Vegas Visit Acterys at Booth #215 Acterys Acterys is a powerful enterprise planning engine, trusted by Microsoft and Fortune 500 companies forits AI-driven forecasting, smart write-back capabilities, andseamless integration with Microsoft Fabric, Power BI, Excel, Azure AI, and other enterprise tools. Acterys serves over 1,000 customers, ranging from globally recognized brands like Disney, Heineken and PepsiCo to small and medium-sized businesses.

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Small Business Anxiety Spikes as U.S. Trade Policies Shift

CPA Practice

The latest trade policy shifts coming out of the new administration are making U.S. small business owners increasingly worried about their financial future.

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Acterys to showcase AI-ready Customizable Applications for data and technology leaders at FabCon 2025

Acterys

Acterys Booth #215, MGM Grand, Las Vegas March 31-April 2, 2025 Acterys Data Intelligence unlocks AI-readiness, with powerful smart write-back capabilities and seamless integration with the Microsoft ecosystem Future-Proof Your Data and Achieve AI-readiness Acterys presentation, 2.00pm, April 2 Premier BR 318 Microsoft Fabric Community Conference March 12 2025 Acterys , providers of the powerful enterprise planning engine thats trusted by Microsoft and Fortune 500 companies, will showcase

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House Passes Funding Bill to Avoid Government Shutdown

CPA Practice

But with most Democrats opposed and 60 votes needed in theSenateto avoid a filibuster, it is unclear if the measure has the support needed in that chamber to pass.

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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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How Can Nonprofits Handle Delayed Donations and Grants Without Cash Flow Disruptions?

GrowthForceBlog

8 min read March 12th, 2024 The government spending freeze announced in late January has been temporarily blocked. Still, nonprofit leaders who depend on government grants, loans, and assistance find themselves balancing on somewhat unstable financial ground Key Takeaways Plan (Don't Panic): The silver lining in this situation is that the spending freeze has been blocked, and the block provided nonprofit leaders with a warning and a window of time.

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Learn Your Big 4 Lore: The Failed Merger of Ernst & Young and KPMG

Going Concern

This article was originally published on April 9, 2015. Last update: March 12, 2025 In the late 1990s there were 6 major accounting firms serving our capital markets with gusto (in alphabetical order): Arthur Andersen, Coopers & Lybrand, Deloitte & Touche, Ernst & Young, KPMG, and Price Waterhouse. Then, in September 1997, the firms of Price Waterhouse and Coopers & Lybrand — #4 and #6 respectively — announced they would merge, creating the largest and prestige-iest f

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3 key reasons to invest in AR automation

Accounting Seed

Make payments easy. Get paid faster. Watch your business grow. Wondering why cash flow is tight despite booming sales? Nearly 60% of U.S. businesses link poor cash flow and forecasting on outdated manual Accounts Receivable (AR) methods. Here’s a common scenario: Your company celebrates record-breaking sales, but the AR team drowns in manual work.

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Analyzing Cash Flow Is a Must for Your Skagit County Small Business

SkagitCountyTaxServices

During your latest grocery shopping trip, were you standing bug-eyed in the dairy section, gawking at the price of eggs? In the latest egg news, the U.S. is now looking to Turkey (hows that for irony?) for help importing record-breaking amounts of eggs. Thats a major pivot in the global supply chain. And, its a reflection of a greater principle of business (that youre likely familiar with): When unexpected challenges arise, you have to get creative.

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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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Your AR automation readiness checklist

Accounting Seed

How to overcome adoption barriers and guide your company toward efficiency For many companies that still mail out invoices, collect paper checks, or manage partially automated AR processes, implementing a new accounting solution may seem like a daunting prospect. Thats why its often a decision that gets pushed to tomorrowwhich turns into next month, then next year.

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Understanding Film Tax Credits in California 

Withum

Film tax credits offer valuable incentives to production companies, offsetting costs and encouraging the local economy. States including California provide a variety of film production incentives, including rebates and partially or fully refundable and/or transferable credits. The various state incentive programs vary widely in terms of caps, spending limits and eligibility criteria making it crucial for filmmakers to understand the specific state benefits.

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SaaS Success Starts with a Flawless Month-End Close

Shay CPA

When it comes to SaaS companies, the month-end close isnt just about numbersits about people. A successful close requires not only the right tools and processes but also a skilled and collaborative team. This blog will explore the roles, workflows, and strategies that ensure a smooth and accurate month-end close, with a special focus on creating a centralized checklist to streamline the process.

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Boost Agency Profitability by Improving Your Gross Profit Margin 

Anders CPA

The landscape for digital agencies has shifted. Over the last twenty years, theres been a downward pressure on profit margins. People want to get paid more, clients want to pay less, and (thank goodness) the 80-hour work week is a thing of the past. To protect margins, marketing agencies develop complex billing and staffing models: full-time employees and freelancers working together on the same projects.

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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.