Fri.May 02, 2025

article thumbnail

Bridging the Accounting Talent Gap: Why Looking Abroad Makes Business Sense

Accounting Insight

The accounting industry is facing a familiar, pressing issue: not enough hands on deck. From overburdened teams to missed growth opportunities, the shortage of skilled professionals is taking a tolland its showing no signs of slowing down. Whether its dwindling enrollment in accounting courses, increasing retirements, or the fast pace of technological change, firms everywhere are struggling to find the right talent at the right time.

article thumbnail

SALT Talks Stall as GOP Considers Limiting Tax Break to Middle Class

CPA Practice

The $10,000 cap on SALT, one of the most contentious issues in theGOPdebate on its giant tax bill, remained unresolved as lawmakers leftWashingtonon Thursday.

Tax 97
Insiders

Sign Up for our Newsletter

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

article thumbnail

From Chaos To Clarity: The Right Construction Job Management System

Randal DeHart

Running a business involves countless moving parts, which can feel overwhelming. From managing projects and keeping the team on the same page to ensuring profitability, have you ever sent an email about a critical update only to find that team members missed it? With a job management system, those headaches disappear. Given the industry's complexity and unique challenges, effective job management is crucial for construction contractors.

article thumbnail

U.S. Payroll Gain of 177,000 Shows Tariff Uncertainty Yet to Dent Hiring

CPA Practice

Nonfarm payrolls increased 177,000 last month after the prior two months advances were revised lower, according toBureau of Labor Statisticsdata out Friday. The unemployment rate was unchanged at 4.2%.

payroll 82
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.

article thumbnail

What can personal tax automation do for your accounting firm?

Accounting Insight

Its no secret that accountants are stretched during tax return season. Theres hardly time to stay on top of each clients basic needs yet alone advising them on their tax affairs. This is now made possible through Intelligent Automation, giving accountants the ability to automate the personal tax return process; from collating documents, to submitting to HMRC.

article thumbnail

Rehmann Joins Forces With Martinet Recchia in Ohio

CPA Practice

The Troy, MI-based top 40 accounting firm is combining withMartinet Recchia, a family-owned CPA firm in the Cleveland suburb of Willoughby, OH.

Ohio 81

More Trending

article thumbnail

Auditing and AI: from binders to bots

Accounting Today

Audit has always been a profession steeped in precision and consistency, but when it comes to how we manage knowledge, the tools haven't always kept up.

audit 59
article thumbnail

Professionals on the Move – May 2025

CPA Practice

Professionals on the Move is a round-up of recent announcements regarding hiring, HR and promotions from around the accounting space.

article thumbnail

Tech news: Xero introduces solutions for bill pay, work papers

Accounting Today

Xero introduces solutions for bill pay, work papers; Aiwyn rolls out comprehensive platform with payments, practice, client experience, tax; Fathom launches new solutions for insights, advisory; and other tech news.

article thumbnail

Discussing the 2025 AICPA AI Symposium – The Accounting Technology Lab Podcast – May 2025

CPA Practice

This week Randy Johnston and Brian Tankersley, CPA, discuss the recent AICPA AI Symposium. Watch the video, listen to the audio podcast, or read the transcript.

CPA 55
article thumbnail

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.

article thumbnail

GreenGrowth acquires retiring firm William Wong

Accounting Today

GreenGrowth CPAs acquired William Wong and Associates in Kailua-Kona, Hawaii, continuing its strategy of buying retiring firms.

Hawaii 52
article thumbnail

Friday Footnotes: Alternate CPA Pathways Advance in Connecticut; Tax Offshore Labor?; PwC Priorities Questioned | 5.2.25

Going Concern

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.

article thumbnail

Eide Bailly merges in Roycon

Accounting Today

The Top 25 Firm based in Fargo has added Roycon, a Salesforce consulting firm based in Austin, bolstering its tech services.

article thumbnail

How Much Can You Inherit Tax-Free in the UK? (2025/26 Guide)

Accounting Insight

Inheritance Tax (IHT) can be tricky to understand, and many people wonder how much of their inheritance will be taxed. If youre concerned about how much of the money or property youll inherit will go to the government, youre not alone. In this guide, well explain how IHT works in the UK and how much you can inherit without paying tax. Some notable exemptions help reduce the amount you might owe.

Tax 52
article thumbnail

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.

article thumbnail

On the move: KPM appoints outsourcing lead

Accounting Today

RSM adds to executive leadership team; ICPAS plans to host nonprofit symposium; and more news from across the profession.

52
article thumbnail

Pros and Cons of Incorporating your small business

Ronika Khanna CPA,CA

The decision to incorporate can be a difficult one that many small businesses face at some point in their lifetime and. Incorporation, literally, represents the creation of a new person. Whereas a sole proprietorship is an extension of one's self, a corporation takes on a life of it's own; it can give birth to subsidiary, marry via a merger and die with a dissolution.

article thumbnail

Partial Payment Installment Agreements (PPIA) – An Alternative to OIC

MyIRSRelief

Tax debt can feel like an insurmountable burden, especially when the amount owed to the Internal Revenue Service (IRS) exceeds what you can realistically pay in one lump sum. For many taxpayers, the stress of mounting penalties, interest, and potential collection actionslike wage garnishment or bank leviescan make it seem like theres no way out. Fortunately, the IRS offers several options to help individuals and businesses manage their tax liabilities, such as the Offer in Compromise (OIC) and t

Tax 130
article thumbnail

13 firms combine to form Sorren

Accounting Today

The new combination, backed by PE firm DFW Capital Partners, will create a $170 million Top 100 Firm with over 1,000 professionals.

71
article thumbnail

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.

article thumbnail

Smarter Invoices, Locked Time, and Less Guesswork—It’s All in This Time & Billing Update

Canopy Accounting

What's New: This round of Time & Billing updates is all about boosting visibility, tightening controls, and helping your clients (and your team) move fasterwith less friction.

52
article thumbnail

Employers added 177K jobs in April, cut 900 in accounting

Accounting Today

The U.S. Bureau of Labor Statistics issued an unexpectedly robust jobs report, but it may be the last one for a while.

article thumbnail

Tasks now include Subtask Checklists

Canopy Accounting

What's new: Sometimes a subtask doesnt need to multiply into fiveit just needs a to-do list of its own. The new subtask checklist keeps practitioners work tidy and simple. Check. In the fast-paced world of client work, not every step needs to be its own task or subtask. Thats why Canopys new subtask checklist is a game-changer for firms utilizing Workflows.

Gaming 52
article thumbnail

What audit firms should know about tokenization risks

Accounting Today

Asset tokenization, the creation of digital ownership representations for diverse assets on blockchain and DLT platforms, is a transformative force in finance.

audit 59
article thumbnail

8 Pillars of Leadership Development

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.

article thumbnail

The House Financial Services Committee Was High on Red Bull When They Voted to Eliminate the PCAOB

Going Concern

It is known that the Public Company Accounting Oversight Board has been at risk of getting DOGE’d under the Trump administration, starting with the nomination of known PCAOB-hater Paul Atkins to serve as chair of the SEC. Wrote WSJ in late 2024 : Atkins, while an SEC commissioner, criticized the PCAOBs budget, saying salaries paid to board members were disproportionately high.

audit 69
article thumbnail

Boomer's Blueprint: Communities and crowds: Leaders who deliver value

Accounting Today

One way to stay ahead of changes in the profession is to leverage peer networks for access to expertise, insights, and collaborative opportunities.

53
article thumbnail

Trump Nominates Donald Korb for Second Go-Around as IRS Chief Counsel

CPA Practice

Korb, who is currently a partner at law firm Sullivan & Cromwell and served as IRS chief counsel during the George W. Bush administration, would need to be confirmed by the Senate in order to fill the role at the agency.

104
104
article thumbnail

GOP plans billions in oil, gas sales to help pay for Trump's tax bill

Accounting Today

House Republicans plan to raise more than $15 billion in revenue through lease sales, as well as other measures, to help pay for the massive tax cut package.

Sales 40
article thumbnail

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.

article thumbnail

Trump Renews Vow to Strip Harvard of its Tax-Exempt Status

CPA Practice

While he did not elaborate, President Donald Trump posted to his Truth Social feed early Friday: We are going to be taking away Harvards Tax Exempt Status. Its what they deserve!

Tax 67
article thumbnail

Trump's ex-IRS chief pushes back on Harvard tax attack

Accounting Today

Donald Trump's promise to strip Harvard University of its tax-exempt status prompted criticism from former IRS commissioner Charles Rettig.

Tax 52
article thumbnail

Trump Seeks to Squeeze Drugmakers’ Revenues to Pay for Tax Cuts

CPA Practice

President Donald Trump wants the pharmaceutical industry to shoulder part of the cost of his tax cuts, pressing Republicans to force drugmakers to accept lower prices on prescriptions covered by Medicaid.

article thumbnail

Trump says Harvard will lose its tax-exempt status

Accounting Today

Trump posted the announcement after weeks of threatening an Internal Revenue Service review of the Ivy League's tax-free treatment.

Tax 52
article thumbnail

How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.