ThomsonReuters

JULY 16, 2025

There is no doubt that advances in technology and increasing client expectations are rapidly transforming the accounting profession. The 2025 State of the Tax Professionals Report highlights a clear trend: today’s clients expect more than compliance—they want actionable advice that helps them make smarter financial decisions. In response, forward-looking accounting firms are future-proofing their businesses by offering more than just tax preparation.

accounting firms 52

accounting firms accountant accounted Account 52

CPA Practice

JULY 15, 2025

The three firms censured and fined by the PCAOB on July 11 for violating U.S. auditing rules and standards were Goldman & Co. CPAs ($25,000), Raymond Chabot Grant Thornton in Canada ($30,000), and PWR CPA ($60,000).

accounting firms 90

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Accounting Today

JULY 14, 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

Real Estate 59

Real Estate Tax cpas Non-Profits 59

Ronika Khanna CPA,CA

JULY 17, 2025

Journal entries can be perplexing for small business owners/non accountants, or accountants/bookkeepers in the early stages of their careers. Reversing journal entries, sound even more complicated. In this post (and related video tutorial), my goal is to show you that they are relatively straightforward and, once understood, an incredibly useful bookkeeping tool.

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quickbooks Non-Profits bookkeeping Sales 52

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Shay CPA

JULY 16, 2025

Over the last 20 years of being an accountant, I’ve opened my fair share of mail to find tax notices so daunting they could wake you in cold sweat. These letters—from federal, state, or city agencies—might demand income tax, franchise tax, sales tax, unemployment insurance, or workers’ compensation. Founders and finance teams often tell me these notices cause sleepless nights.

Delaware 52

Delaware Tax tax return CPA 52

CPA Practice

JULY 15, 2025

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Accounting Insight

JULY 18, 2025

As artificial intelligence (AI) transforms professional services, accounting and audit firms face unprecedented challenges in implementing AI safely and ethically. In May, we ran an expert panel at Accountex London 2025, bringing together leading voices from technology, practice and AI governance to explore critical considerations for firms navigating this complex landscape.

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ThomsonReuters

JULY 18, 2025

The state and local tax (SALT) deduction has long been a pillar of the U.S. tax code, providing critical relief to taxpayers — especially those in high-tax states. That changed dramatically with the 2017 Tax Cuts and Jobs Act (TCJA), which imposed a $10,000 cap on SALT deductions. Now, with the passage of the One Big Beautiful Bill Act (OBBBA) in July 2025, the landscape is shifting again.

New Jersey 52

New Jersey Tax New York California 52

CPA Practice

JULY 14, 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

West Virginia 51

West Virginia Technology Pennsylvania accounting and finance 51

Accounting Today

JULY 15, 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 58

Technology Tax audit tax preparation 58

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

Xero

JULY 15, 2025

We’re always focused on making your financial management simpler, more secure, and more powerful with Xero. So we’re excited to share news of our collaboration in the US with Plaid , a leading fintech company. This effort significantly improves how your business bank accounts connect with Xero. Our goal is to help you save valuable time and gain a clearer view of your money.

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accounting and finance bookkeeping Finance accountant 90

Accounting Insight

JULY 18, 2025

Chaser, the global leader in accounts receivable automation, has launched new features enabling businesses to automatically enforce payment terms through the application of automated late fees and early payment discounts—powerful new tools that help businesses get paid on time by enforcing payment terms automatically. These tools are designed to improve cash flow, reduce overdue invoices, and ease the manual workload of finance teams.

accounting and finance 40

accounting and finance Finance management accounting management accounts 40

CPA Practice

JULY 15, 2025

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Technology 79

Technology accountant accounted Account 79

Withum

JULY 15, 2025

Buried deep in the legislative sprawl of the One Big Beautiful Bill Act (OBBBA) is a change so subtle that most eyes would glide right over it. Section 70602 alters just a few words of existing law, replacing “under regulations prescribed by the Secretary” with “except as otherwise provided.” To most, this change is immaterial; to partnership tax practitioners, it’s anything but.

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tax planning Tax Sales New York 72

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

Menzies

JULY 14, 2025

Menzies LLP - A leading chartered accountancy firm. Client profile Touchlight are a DNA development and manufacturing company that has developed an innovative, synthetic DNA vector and enzymatic manufacturing process, which enables them to produce DNA at unprecedented speed, scale and purity. Using their patented enzymatic DNA production platform, they can support their partners that are advancing genetic medicine.

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corporation tax audit auditor Manufacturing 52

Accounting Today

JULY 14, 2025

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Tax 96

Tax Technology tax preparation audit 96

CPA Practice

JULY 14, 2025

Embracing these and other innovations will allow you to deliver higher-value services, solidify their position as trusted advisors, and ultimately, drive greater success for their clients in an increasingly data-driven world.

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Withum

JULY 17, 2025

As a business owner or managing member, navigating the complexities of tax obligations is inevitable. Questions such as “How much tax do I have to pay?” and “Are there ways to reduce tax liability?” are common. Here, we explore some effective strategies to reduce taxable income. Management Fee Waivers Management companies typically earn a percentage (e.g., 2%) of capital commitments from the funds they service.

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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

Canopy Accounting

JULY 16, 2025

In an industry that often equates success with long hours and burnout, Tanya Baber offers a compelling new model. As the founder of a tax-centric firm that prioritizes smart systems, empowered staff, and innovative tools, Tanya proves that it’s possible to thrive in tax without sacrificing your health—or your life. In this episode of Canopy Practice Success , Tanya shares how she transformed her practice using AI in tax services, tax automation, and a commitment to balance.

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Menzies

JULY 14, 2025

Menzies LLP - A leading chartered accountancy firm. The October 2024 Budget brought with it sweeping reforms to the taxation of non-UK domiciled individuals and their associated offshore trust structures. Effective from 6 April 2025, these changes represent a substantial departure from the previous regime and significantly alter the UK tax landscape for affected families and trustees.

Tax 52

Tax chartered accountant income tax Legal 52

CPA Practice

JULY 14, 2025

CCH Validate reimagines bank confirmations, putting auditors in full control to obtain confirmations with unprecedented speed. Leveraging advanced technologies—including blockchain for tamper-proof assurance—it enables 100% bank statement retrieval from banks worldwide.

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Accounting Today

JULY 15, 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

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Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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MyIRSRelief

JULY 18, 2025

Dealing with IRS penalties and interest can be one of the most stressful experiences for taxpayers. Whether you’re an individual or a business owner, the accumulation of penalties and interest on unpaid taxes can quickly spiral out of control, leaving you overwhelmed and financially strained. Fortunately, the IRS provides options for penalty and interest abatement under certain circumstances, and retaining the services of a trusted tax representation firm like Mike Habib, EA can make all the dif

Tax 130

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Withum

JULY 17, 2025

Are you looking to expand your business into the United States market and are unsure of what resources you’ll need to keep your business and its finances in order? From determining the appropriate entity to ensuring you have the appropriate service providers and banking systems, researching your options will allow for a smoother transition across borders.

Non-Profits 52

Non-Profits accounting and finance payroll Delaware 52

CPA Practice

JULY 15, 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 99

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Accounting Today

JULY 16, 2025

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LSLCPAs

JULY 16, 2025

When your company first started, it was easier to keep a pulse on everything. You knew who was handling what, decisions happened quickly, and financial oversight was manageable with just a few people involved. Internal controls? They were probably the last thing on your to-do list—and back then, that made sense. But as your company. The post 10 Common Misconceptions About Internal Controls appeared first on LSL CPAs.

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Insightful Accountant

JULY 14, 2025

Growing a successful tax practice requires more than just completing returns and collecting fees. Smart firm owners understand that consistent measurement of key performance indicators reveals opportunities for improvement.

Tax 59

Tax 59

CPA Practice

JULY 16, 2025

Deloitte has rolled out a series of new artificial intelligence capabilities within its global cloud-based audit and assurance platform, Omnia, designed to evolve the audit process.

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Accounting Today

JULY 17, 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

accountant 103

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Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.

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