RogerRossmeisl

AUGUST 2, 2025

Valuing a private business requires a custom approach. One size doesn’t fit all companies, especially when it comes to the appropriate standard of value. Applying the wrong one can lead to disputes, unfavorable tax and accounting consequences, litigation exposure, and inequitable outcomes. Here’s a breakdown of the three main standards of value, including when they might apply and how a valuation professional’s analyses and assumptions might differ under each option. 1.

Maine

Accounting Seed

AUGUST 5, 2025

Accounts Payable (AP) automation is the use of technology to digitize and optimize the invoice-to-payment process within an organization. Software that automates AP can capture invoice data automatically, route bills through approval workflows, process payments electronically, and reconcile transactions—all while maintaining human oversight at key decision points.

AP Automation

Accounting Today

JULY 30, 2025

The Financial Accounting Standards Board is offering optional guidance on the measurement of credit losses for accounts receivable and contract assets.

accounting standards

ThomsonReuters

JULY 30, 2025

The accounting profession stands at a pivotal moment where technological advancement intersects with environmental stewardship. As firms navigate increasing pressure to adopt sustainable practices while maintaining audit excellence, electronic confirmation technology emerges as a powerful solution that addresses both imperatives simultaneously. Modern audit firms recognize that embracing digital confirmation processes isn’t merely about keeping pace with technology trends — it’s abou

audit

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The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.

accounting and finance

Accounting Insight

AUGUST 4, 2025

Outsourcing finance and accounting can bring significant benefits to small businesses – streamlining operations, improving accuracy, and freeing up time for growth. However, without proper planning, it can lead to costly errors. Here are five key mistakes to avoid in 2025 and how to stay on track: 1. Choosing Based on Price, Not Experience Opting for the cheapest provider may seem appealing, especially for startups.

accounting and finance

RogerRossmeisl

AUGUST 2, 2025

Estimating a company’s value requires more than just reading its income statement or balance sheet. Valuation professionals look beyond historical results to assess future potential. To do that, your expert may make targeted financial statement adjustments to more accurately reflect the economic reality of the business. Here are four types of adjustments valuators may consider: Nonrecurring adjustments.

financial statements

TaxConnex

AUGUST 5, 2025

It seems that most people would rather hear inaccurate advice that makes them feel good rather than accurate advice they don’t like. And that seems to hold regarding sales tax, a constantly changing yet critical business process. We keep hearing so many stubborn misconceptions and myths about sales tax. Companies that believe those without doing their homework risk a hard path of non-compliance, back-tax payments, interests and penalties.

Sales

Withum

AUGUST 5, 2025

As businesses evaluate capital investments in production facilities, understanding the tax implications is crucial. A key opportunity introduced by the One Big Beautiful Bill Act (OBBBA) is the 100% bonus depreciation allowance for Qualified Production Property (QPP). This provision allows businesses to immediately deduct the cost of real property in the year it is placed in service, provided it meets specific criteria.

tax planning

Going Concern

AUGUST 1, 2025

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

accounting and finance

RogerRossmeisl

AUGUST 2, 2025

If you’re claiming deductions for business meals or vehicle expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to meet the strict substantiation requirements set forth under tax law. Tax auditors are adept at rooting out inconsistencies, omissions and errors in taxpayers’ records, as illustrated by one recent U.S.

auditor

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

Technology

Accounting Today

AUGUST 1, 2025

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

Technology

Accounting Insight

AUGUST 4, 2025

Karbon for Clients gives firms and clients a single place to manage tasks, documents, and messages, reducing admin work and improving firm-client collaboration. Karbon , the leader in accounting practice management software, today announced the global launch of Karbon for Clients , a secure, modern client portal designed to help accounting professionals streamline collaboration, accelerate response times, and reduce administrative burden.

Technology

Withum

AUGUST 5, 2025

It is common for developers of condominium projects to sell units prior to the completion of construction. Usually, the purchaser of the condominium secures the purchase with a deposit that is subject to forfeiture if the purchaser defaults. The amount of the deposit depends upon market conditions. There is uncertainty in determining when the deposit is included in the taxable income of the condo developer.

Tax

CPA Practice

AUGUST 1, 2025

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk

Sales

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

Account

Insightful Accountant

JULY 30, 2025

The Internal Revenue Service is facing an unprecedented staffing crisis that will fundamentally change how tax practitioners interact with the agency and manage client expectations.

Tax

Accounting Today

AUGUST 1, 2025

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

Technology

SchoolofBookkeeping

JULY 30, 2025

The 2025 Intuit QuickBooks Accountant Technology Survey is out, and the future for accountants is looking both smarter and more complicated than ever. According to Intuit, accountants are charging full speed ahead into the world of AI, automation, and strategic advisory services. But is this transformation as rosy as it sounds? Let’s break down the highlights, take a step back for a reality check, and see who actually took this survey.

Technology

Xero

AUGUST 3, 2025

For goods-based businesses, managing inventory and purchases is at the heart of daily operations; it’s about having the right stock at the right time, minimizing manual effort, and making informed decisions to fuel your growth. We know these critical tasks can often feel like a constant juggle, taking valuable time away from what you do best. Over the coming months, a series of new inventory enhancements designed to give you greater clarity, control, and efficiency in these key areas will be rol

Real Estate

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

accounting and finance

CPA Practice

JULY 31, 2025

Brian Tankersley, CPA, and Randy Johnston, discuss the accounting profession's talent shortage, and the ways firms and state societies are trying to remedy the challenges. Watch the video, listen to the audio, or read the transcript.

Account

LSLCPAs

AUGUST 5, 2025

Government finance departments have a lot to juggle—tight deadlines, strict compliance requirements, and complex financial records. Among the most important areas to stay on top of: Accounts Payable, Accrued Liabilities, and Long-Term Debt. These liabilities may seem routine, but they can derail an audit or lead to inaccurate financials if not carefully managed.

accounts payable

Accounting Today

AUGUST 1, 2025

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

Technology

Insightful Accountant

AUGUST 5, 2025

As digital payments continue to reshape business-to-business (B2B) transactions, CFOs are under increasing pressure to modernize their accounts receivable (A/R) operations.

Account

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

Tax

Withum

AUGUST 1, 2025

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, contains provisions relating to pass-through entity taxes (PTETs) that are seen as favorable for taxpayers, especially investment management companies in the financial services world. Key Takeaways: The OBBBA maintains PTET deductions and increases the SALT cap to $40,000 from 2025 to 2029.

Tax

CPA Practice

JULY 30, 2025

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk

Technology

Canopy Accounting

JULY 30, 2025

In this episode, Casey Brothers interviews Adam Lean, who shares his unique journey from being an accountant to starting his own CFO advisory practice. Adam discusses the importance of cash flow for business success and how many business owners lack the financial knowledge to navigate their companies effectively. He emphasizes the need for accountants to transition from traditional bookkeeping roles to advisory services that truly help clients achieve their definitions of success.

Account

Accounting Today

AUGUST 5, 2025

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

New Jersey

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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.

SchoolofBookkeeping

JULY 30, 2025

The 2025 Intuit QuickBooks Accountant Technology Survey is out, and the future for accountants is looking both smarter and more complicated than ever. According to Intuit, accountants are charging full speed ahead into the world of AI, automation, and strategic advisory services. But is this transformation as rosy as it sounds? Let’s break down the highlights, take a step back for a reality check, and see who actually took this survey.

Technology

Accounting Web

AUGUST 5, 2025

Accounting software Tags Accounts production Artificial intelligence Automation

Account

CPA Practice

JULY 30, 2025

The Financial Accounting Standards Board issued new optional guidance on July 30 regarding the measurement of credit losses for accounts receivable and contract assets.

accounting standards

Menzies

AUGUST 4, 2025

Menzies LLP - A leading chartered accountancy firm. Stronger Together: Menzies LLP and Beever and Struthers Merge to Form a Leading National Force in Accountancy and Business Advisory Services 4 August 2025: Leading business advisory and accountancy firms Menzies LLP and Beever and Struthers today announced their merger, creating a national firm with a combined fee income of £110 million and a workforce of more than 1,000 professionals.

chartered accountant

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