Accounting becomes gateway to entrepreneurship
Accounting Today
MAY 13, 2025
A report by the Association of Chartered Certified Accountants found 54% of North American respondents say they have career ambitions to be entrepreneurs.
Trending Articles
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Efficient Payroll Implementation For Construction Business Owners
Randal DeHart
MAY 16, 2025
Implementing an effective payroll system is crucial for construction business owners, as it directly impacts project management, employee satisfaction, and overall financial health. Given the complexities of the construction industry, including varying pay rates, overtime requirements, and the need for certified payroll reports, developing a streamlined payroll process is essential.
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Improper payment rate still too high at IRS
Accounting Today
MAY 12, 2025
The Internal Revenue Service has not yet satisfied the goal of the Payment Integrity Information Act to reduce improper payment rates to less than 10%.
Crowe Expands OpenAI ChatGPT Enterprise Access
CPA Practice
MAY 12, 2025
The top 15 accounting firm said it's one of the few firms in the profession to deploy ChatGPT Enterprise across all personnel, unlocking innovation and accelerating client outcomes.
Your Accounting Expertise Will Only Get You So Far: The New Way To Lead
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
VDI for Accounting Firms: What to Know and Why It Matters
Ace Cloud Hosting
MAY 12, 2025
The accounting industry has long been known for its relentless work ethic. With the evolution of the global business landscape, companies now dont look at accountants as just number crunchers.
Layoff Watch ’25: RSM US Is Making Cuts Again
Going Concern
MAY 12, 2025
We were first tipped to layoffs unfolding at RSM US on Friday but weren’t able to confirm until this morning when we received corroboration from another tipster. RSM is making cuts in tax, how many is unknown at this time. Tax leader Tony Urban informed his people today, more info is forthcoming as soon as we have it. We don’t know at this time if other service lines are affected.
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Sage Partners with Amazon Web Services for AI Innovation in Accounting and Compliance
CPA Practice
MAY 12, 2025
This collaboration enables Sage to rapidly test, refine, and roll out AI models tailored to the complex demands of accounting and compliance.
New York Governor Signs 2025-2026 Budget That Includes Business Tax Hikes
Withum
MAY 12, 2025
On May 10, 2025, New York Governor Hochul signed the 2025-2026 budget bill into law. While there are no major tax changes in the budget bill, several items are worthy of note for taxpayers. Including a payroll tax hike and new rules related to partnership audits. Below is a summary of some of the more important tax changes. We will provide a more detailed analysis of these provisions in the coming days.
Monday Morning Accounting News Brief: PwCers Will Fight You For Their AI; Federal Prison For Jilted Lover Who Swatted the IRS | 5.12.25
Going Concern
MAY 12, 2025
Here we are, back for another week. Yippee. Comments are off on the Monday news brief by default but you are welcome to hit us up via email or text if you have something to say. Now, here’s some stuff that’s going on. In Milwaukee, a Catholic charity is suing a former employee as well as Baker Tilly , the latter because they didn’t notice almost $2 was missing: Catholic Charities of the Archdiocese of Milwaukee is suing its former finance director, alleging she funneled hundred
More companies get assurance on sustainability reporting
Accounting Today
MAY 12, 2025
Approximately three-quarters of large global companies are receiving assurance services on their sustainability reporting, according to a new report.
The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Should You Take Out a Payroll Loan If You Can’t Make Payroll?
Patriot Software
MAY 12, 2025
There might come a time when you dont have enough money to pay your employees. Cash flow might be slow, or a three-paycheck month may surprise you. To help your business make ends meet, you might consider taking out a payroll loan. A payroll loan can be a lifeline.
12 Most Common Financial Reporting Mistakes in Nonprofits
CPA Practice
MAY 12, 2025
Proper financial reporting is essential for not-for-profit organizations to maintain transparency, donor confidence, and regulatory compliance. But despite their best intentions, many NFPs consistently make critical errors in their financial statements.
The Ultimate Guide to Document Management for Accountants
Canopy Accounting
MAY 12, 2025
Collecting hundredsif not thousandsof client documents, saving them as recognizable names, and storing them in the right place is tedious and time consuming. After all, Every file needs to be in order, and all client information must be protected. However, protecting client information and documents (not by email, for example), sharing them with only the right staff members, and maintaining compliance is challenging to say the least.
The rise of conversational accounting with your dedicated accounting agent
Accounting Insight
MAY 12, 2025
Have you ever been in that situation when you just wanted to ask your accountant that quick question and get an instant answer? This is becoming a reality with the advancement of accounting technology and AI. Often I was waiting for that management report or responding to that one question from two months ago that I needed to find which report had the history.
Doing More With Less: The Modern Finance Miracle
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Using tax-aware long-short vehicles to track down alpha
Accounting Today
MAY 12, 2025
The investment strategy may generate much greater loss harvesting than direct indexing, but backers point out that they work much differently.
Which Financial Statement Is Prepared First?
Patriot Software
MAY 12, 2025
Your businesss financial statements give you a snapshot of the financial health of your company. Without them, you wouldnt be able to monitor your revenue, project your future finances, or keep your business on track for success. So which financial statement is prepared first? Which financial statement is prepared first?
Regulatory Compliance Pros View Technology Risks as Most Significant Force to Cause Compliance Issues in 2025
CPA Practice
MAY 12, 2025
U.S. regulatory compliance professionals cited keeping abreast of regulatory changes (43%), assessing risk profiles across multiple asset classes (42%) and accurately identifying insider trading and market manipulation (40%) as their top three choices.
The Ultimate Guide to Document Management for Accountants
Canopy Accounting
MAY 12, 2025
Collecting hundredsif not thousandsof client documents, saving them as recognizable names, and storing them in the right place is tedious and time consuming. After all, Every file needs to be in order, and all client information must be protected. However, protecting client information and documents (not by email, for example), sharing them with only the right staff members, and maintaining compliance is challenging to say the least.
8 Pillars of Leadership Development
Advertiser: Paycor
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
Recovery, Deferral, Mitigation – Options to Limit Tariff Impact and Optimize Working Capital
Withum
MAY 16, 2025
When tariffs disrupt supply chains, companies face an important decision of how best to weather the storm. Tariffs can be majorly disruptive and increase complexity, including rising costs, sourcing and supplier challenges and increased compliance hurdles. For many businesses, tariffs will strain working capital and may even cause undesired customer or supplier turnover.
FASB issues standard on acquirers in business combinations
Accounting Today
MAY 12, 2025
The Financial Accounting Standards Board released an update to improve the requirements for identifying the accounting acquirer in business combinations.
Report: AI in accounting in the UK
Accounting Insight
MAY 12, 2025
Artificial intelligence (AI) technology represents a turning point for many industries, including the accounting industry, as we see a shift in the way accountants are working as a result. In this report, we surveyed 100 accountants to discover how theyre using AI, what type of AI theyre using, their opinion on AI technology, their trust in it, and what they think the future will look like.
43% of Americans Say Money is Negatively Affecting Their Mental Health, Survey Finds
CPA Practice
MAY 12, 2025
More than 2 in 5 (43%) U.S. adults say money negatively affects their mental health, at least occasionally, causing anxiety, stress, worrisome thoughts, loss of sleep, depression and other effects, according to Bankrate.
Automation, Evolved: Your New Playbook for Smarter Knowledge Work
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
Celebrate the Best in the Profession at the 2025 Top 100 ProAdvisor Reception
Insightful Accountant
MAY 12, 2025
Each year, Insightful Accountant honors the most dedicated, innovative, and impactful professionals in accounting through our Top 100 ProAdvisor Awards Program. And this year, were bringing that celebration to life in an unforgettable way.
Developing an Effective Approach for Administrative Services (Medical Director) Compensation
Withum
MAY 16, 2025
Ensuring fair market value (FMV) in physician compensation is vital to healthcare compliance, especially physician administrative compensation, which is replete with complexities. Administrative services arrangements, most frequently used for medical directorship services, often intersect with the Physician Self-Referral Law (PSL), commonly known as Stark Law, and the Anti-Kickback Statute (AKS).
AAM distributes 2025 marketing awards, inducts member to HOF
Accounting Today
MAY 16, 2025
The Association for Accounting Marketing recognized five individuals and bestowed 16 firm awards for excellence in the field.
Canopy Pricing: A Better Deal Than You Think (Especially When You Do the Math)
Canopy Accounting
MAY 12, 2025
When accountants look at practice management software, pricing is often one of the first questionsand one of the hardest to compare across platforms.
Protect What Matters: Rethinking Finance Ops In A Digital World
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
Study: 73% of Global Companies Sought Assurance on Sustainability Reporting
CPA Practice
MAY 12, 2025
A new report from the AICPA & CIMA and the International Federation of Accountants found that nearly three in four of the largest companies sought assurance on some aspect of their sustainability disclosures.
The 2025 Tax Practitioner Hiring Crisis
Insightful Accountant
MAY 12, 2025
The tax profession faces unprecedented recruiting challenges in 2025. As specialized tax expertise becomes increasingly valuable amid evolving legislation, firms struggle with a diminishing pipeline of qualified candidates.
To capitalise or to expense, that is the question?
Accounting for Good
MAY 15, 2025
When an organisation, including an NFP, purchases an asset, why is it capitalised rather than recorded as an expense?
Art of Accounting: Analysis of Top 100 Firms data
Accounting Today
MAY 12, 2025
Public accounting is a vibrant and strong profession and also a business, as shown in data from the latest rankings on firm revenues, partners and staff size.
Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management
Speaker: Claire Grosjean, Global Finance & Operations Executive
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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