Trending Articles

article thumbnail

Complete Guide on the Future of AI in Accounting Industry

Ace Cloud Hosting

AI has transformed various industries over the past few years, and accounting is no exception. Accountants use AI in many online activities, including emails, payments, and making important decisions.

article thumbnail

USALI 12th Edition: Aligning Hotel Accounting With Modern Hospitality

Withum

Starting January 1, 2026, the 12th Edition of the USALI ( Uniform System of Accounts for the Lodging Industry ) will mandate several key updates to the chart of accounts for hotels, which aim to enhance transparency, data accuracy, and operational efficiency and align with the evolving needs of the hospitality industry. These changes include improved energy reporting, sustainability reporting improvements, and streamlined multi-property consolidation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 5 NetSuite Features CFOs Should Be Using (But Aren’t)

AccountingDepartment

Most CFOs recognize NetSuite as a robust Enterprise Resource Planning (ERP) platform. It streamlines financial processes, enhances reporting, and supports strategic decision-making. But are you leveraging its full potential? Many of NetSuite's features remain untapped, even by seasoned finance professionals. These overlooked tools can transform your financial operations, saving time, improving accuracy, and uncovering insights you might otherwise miss.

article thumbnail

Docyt Launches High Precision Accounting Intelligence (HpAI)

Insightful Accountant

Docyt, a leader in AI-powered accounting automation, has unveiled Docyt High Precision Accounting Intelligence (HpAI), a next-generation AI engine purpose-built to automate complex accounting workflows with unmatched precision.

article thumbnail

8 Ways to Torture Your CFO

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.

article thumbnail

Accountex Summit Manchester releases CPD-accredited programme, with MTD and AI taking centre stage 

Accounting Insight

The seventh edition of Accountex Summit Manchester is taking place on 23 September at Manchester Central. The 30+ session CPD accredited education programme has just been released, with sessions covering everything from anti money-laundering and AI accounting to tax issues for SMEs and compliance. With HMRC’s Making Tax Digital for Income Tax Self-Assessment deadline set for 6 April 2026, there are sessions covering every aspect of it, from an MTD playbook to HMRC’s digital future.

article thumbnail

Significant Business Tax Provisions in the One, Big, Beautiful Bill Act

RogerRossmeisl

The One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4. The new law includes a number of favorable changes that will affect small business taxpayers, and some unfavorable changes too. Here’s a quick summary of some of the most important provisions. First-year bonus depreciation The OBBBA permanently restores the 100% first-year depreciation deduction for eligible assets acquired after January 19, 2025.

More Trending

article thumbnail

The 2025 Accounting Today Salary Survey

Accounting Today

Author Subscribe Login 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

article thumbnail

Big Relief for Small Payments: One Big Beautiful Bill Act 1099 Reporting Changes

Withum

With the passage of the One Big Beautiful Bill Act on July 4, 2025, Congress made long-awaited and significant updates to the federal Form 1099 information reporting rules. These changes adjust long-standing reporting thresholds and reduce paperwork for businesses. Here’s what’s new, how it compares to the old rules and why it’s a win for your business.

Tax
article thumbnail

From chaos to control: Eliminate the errors undermining your finance team 

Accounting Insight

With compliance pressure rising and manual processes prone to error, finance leaders need more than spreadsheets to stay in control. When finance teams can’t trust their data, every move feels like a risk. Inaccurate reports, poor forecasting and misinformed decisions can all undermine an organisation’s stability. In 2025, these challenges are being compounded as HMRC ramps up its scrutiny of audits and compliance.

article thumbnail

Montana Accountant Sentenced to 2 Years in Prison for Defrauding Clients

CPA Practice

William Arthur Clawson—who defrauded clients by using their cash payments, which were intended to pay their income taxes, for his own personal expenses—was given a 24-month prison sentence on July 31.

article thumbnail

How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology

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.

article thumbnail

Tech News: Red Wing Software announces new version of CenterPoint

Accounting Today

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

article thumbnail

NetSuite 2025.2 Release: What You Need to Know About This Update

Withum

The latest NetSuite 2025.2 release brings a wave of enhancements designed to streamline operations, improve user experience and ensure compliance across industries. NetSuite typically begins rolling out each release over several weeks; for the 2025.2 update, customers can expect provisioning to begin in late August and continue through September, though exact timing may vary by account.

article thumbnail

Indirect tax transformation: Navigating change, embracing technology

ThomsonReuters

Global indirect tax challenges Indirect tax professionals in multinational corporations know one thing for certain: change is constant, and the demands on tax teams are growing. Over the past two years, tax professionals have faced persistent challenges—regulatory pressures, technology shifts, and resource constraints—while charting a bold course toward innovation and resilience. 2024 and 2025 survey data from several Thomson Reuters Institute reports for indirect tax professionals provide an in

article thumbnail

OBBBA Includes Favorable Change for Depreciating Eligible Assets

RogerRossmeisl

The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best changes are liberalized rules for depreciating business assets. Here’s what you need to know. 100% bonus depreciation is back The new law permanently restores 100% first-year depreciation for eligible assets acquired and placed in service after January 19, 2025.

article thumbnail

AI In Accounting: A Practical Roadmap For Smarter AP

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.

article thumbnail

Netgain Launches CPA Cloud Essentials for Accounting Firms

CPA Practice

CPA Cloud Essentials provides secure, high-performance access to critical accounting applications, integrated cybersecurity protection, and 24/7 end-user support—all delivered in a per-user subscription model.

CPA
article thumbnail

The next big opportunities in accounting

Accounting Today

Author Subscribe Login 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

article thumbnail

Why ESAC Accreditation Matters for PEOs — And How to Get It

Withum

In the competitive and highly regulated world of Professional Employer Organizations (PEOs), trust and compliance are everything. That’s why ESAC accreditation — the gold standard for financial and operational reliability in the PEO industry — is more than just a badge of honor. It’s a strategic asset that can elevate your organization’s credibility, reduce risk, and open doors to new business opportunities.

CPA
article thumbnail

Navigating tax reform: Strategies for firms to mitigate hidden costs

ThomsonReuters

Jump to ↓ What is the full impact of tax reform? Proactive strategies to reduce hidden tax reform costs Tools and resources for tax reform success How to enhance client value and trust The key to successful tax reform strategies for firms Tax reform continues to present both opportunities and challenges for small and mid-sized accounting firms. While regulatory changes aim to modernize the tax system, they often introduce hidden costs that can significantly impact firm profitability and operati

Tax
article thumbnail

Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

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.

article thumbnail

Cybersecurity in a Cloud-Driven World: Protecting Client Data in the Modern Accounting Firm 

Accounting Insight

97% of UK accountants mostly or totally trust the cloud for storing their data, yet 52% still cite cyberattacks as their biggest concern. This apparent contradiction reflects the reality facing modern accounting firms: cloud adoption offers undeniable benefits, yet cybersecurity remains a pressing challenge that requires careful attention. The scale of the cybersecurity challenge is substantial.

article thumbnail

Navigating Ethical Responsibilities in a Tech-Driven World: Aligning AI Use with Circular 230 and Professional Ethics

CPA Practice

As artificial intelligence rapidly transforms the tax and accounting landscape, it’s essential for practitioners to recognize and address the ethical considerations that accompany these innovations.This webinar explores the intersection of emerging technologies and professional standards, emphasizing how to align AI usage with Circular 230 and broader ethical frameworks.

article thumbnail

Bloomberg T&A adds feature for ASU 2023-09 compliance

Accounting Today

Bloomberg Tax and Accounting launched an embedded solution to help users adhere to the FASB Accounting Standards Update that concerns income tax disclosures.

article thumbnail

When Long-Tenured Employees Commit Fraud

RogerRossmeisl

In many occupational fraud incidents, the perpetrator is a long-tenured, well-liked and high-performing employee. In part, that’s because many organizations ignore red flags when employees have impeccable records — which makes it easier for them to commit illegal activities. In such situations, misplaced trust becomes a vulnerability. How can you rely on your employees yet prevent theft and other crimes?

CPA
article thumbnail

Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

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

article thumbnail

How the Undertaxed Payments Rule (UTPR) in 2025 will increase compliance complexity for multinational enterprises

ThomsonReuters

Highlights: A new global tax rule (UTPR) starts in 2025 to ensure large multinational companies pay at least a 15% effective tax rate worldwide, even if the main rule doesn’t apply. Compliance will become more complex , as each country may implement the rule differently, requiring companies to monitor and adjust for tax rules in every country they operate.

article thumbnail

Why use cloud-based corporation tax software?

Accounting Insight

Why use cloud-based corporation tax software? We used to be accountants, so we understand how complex and time-consuming corporation tax can be. With tight deadlines, detailed compliance requirements, and the need to deliver accurate results, having the right software makes all the difference when it comes to streamlining processes and removing stress.

article thumbnail

A New Era for CPAs: How Automation Can Unlock Scalable Growth

CPA Practice

The role of a CPA has evolved far beyond spreadsheets and audits. Today’s clients and companies expect CPAs to be advisors, strategists, and forward-thinkers. But the reality is many CPAs still spend too much time on manual tasks that slow down productivity.

article thumbnail

Docyt launches AI engine

Accounting Today

The new Docyt High Precision Accounting Intelligence engine was built specifically to automate complex accounting workflows via a variety of AI agents.

article thumbnail

You upgrade everything else. Why not your close process?

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.

article thumbnail

Can AI spot a failing business before the paperwork hits?

Menzies

Menzies LLP - A leading chartered accountancy firm. At a glance Artificial intelligence (“AI”) is allowing credit managers to spot signs of financial trouble long before they appear on Companies House. Bespoke, in-house tools are emerging as the new secret weapon for risk-savvy finance teams. But beware, over-relying on robots could land you in hot water if you forget to add a human touch. close close Forecasting the future without a magic wand If you’ve ever wished for a crystal ball to tell yo

article thumbnail

Tax software for accountants: What do CPAs use for tax returns?

ThomsonReuters

As the tax and accounting landscape becomes increasingly complex, accountants and CPAs are relying on advanced tax software to streamline their workflows, improve accuracy, and enhance the client experience. Tax software for accountants has evolved in recent years to not only address tax preparation and compliance but also open the door to lucrative and meaningful work in advisory services.

article thumbnail

How to Align Strategy and Goals in Multi-Owner Accounting Firms

Canopy Accounting

There are two types of leadership teams at multi-owner firms. One stalls growth with too many cooks in the kitchen. The other combines strengths to become a strategic force. You know which one you want. Here’s how to get it.

article thumbnail

How AI and Automation are Redefining Accounting in 2025

CPA Practice

The accounting profession is undergoing a profound transformation, driven by rapid advancements in technology, particularly artificial intelligence (AI) and automation.

article thumbnail

Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.