Thu.Mar 20, 2025

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Accounting Firm Abruptly Nopes Out of Tax Season Early, the Local Sheriff Is Investigating

Going Concern

Some potentially juicy news coming out of North Carolina today : The Alexander County Sheriffs Office has received numerous calls related to the accounting firm of Price, Breazeale & Chastang, PA. The Sheriffs Office has been in contact with the North Carolina Board of CPA Examiners pertaining to the business. This business is located off of Shiloh Church Road in the Bethlehem community of Alexander County.

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Why Scaling Businesses Need Controller Services (Before It’s Too Late)

AccountingDepartment

Scaling a business is an exciting yet challenging endeavor. As companies grow, financial complexity increases and the need for accurate financial oversight becomes critical. Many businesses find themselves in a position where their bookkeeping is well-managed, but they lack the high-level financial insights necessary to make informed decisions. This is where controller services play a vital role in helping companies scale efficiently.

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AI as a catalyst for talent retention strategies in tax and accounting firms

ThomsonReuters

Lets be honest. People dont get into accounting to be data entry specialists. They want meaningful work that makes a difference in their clients’ lives. However, because of long-held perceptions of mundane work and long hours, accounting firms face challenges in attracting and retaining high-quality staff, especially as younger generations seek more flexible, technology-driven work environments.

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Lilit Nersisyan Named Banking and Finance Visionary by LA Times

Withum

Withum is proud to share that Lilit Nersisyan , CPA, has been recognized by LA Times B2B Publishing as a Banking & Finance Industry 2025 Visionary. The list includes the top trusted advisors in the Los Angeles area who routinely rise to meet ongoing challenges and help create financial security. Lilit Nersisyan is an audit Principal with over 12 years of experience in Financial Services.

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Live Demo - Supercharge your Month End Close

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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Reflecting on tax season: How to make changes for next year

ThomsonReuters

From an unending stream of regulatory changes to increasing client demands, the accounting profession is in a constant state of change. Just as one tax season wraps up, the next is already on the horizon, bringing with it new rules, expectations, and challenges. But more and more firms are realizing that taking a proactive approach reflecting on last year’s challenges and implementing smarter strategies can better position them to thrive in an increasingly complex landscape.

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Nicole Liebman Named Leader in Law for NJBiz

Withum

Withum is proud to announce that Nicole Liebman , Partner and General Counsel, has been recognized by NJBiz as a 2025 Leader in Law. As the Firms General Counsel, Nicole is integral to Withums success by providing legal guidance that aligns with business goals, managing risks and ensuring compliance. General Counsel is very rewarding to Nicole. The role offers a unique blend of legal expertise, strategic influence and organizational leadership, a dynamic where no two days are the same.

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Love among the deductions: Dating filing jointly

Accounting Today

Filing before the deadline is an attractive trait for a potential date, say young daters.

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Musk Says Social Security and Medicare are Key Targets for Cuts

CPA Practice

Elon Musks comments are likely to spark controversy on Capitol Hill and within the White House, where many Republicans have been adamant that entitlement benefits will not be part of his Department of Government Efficiency cuts.

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AI in advisory: What work is at risk?

Accounting Today

The advisory services that artificial intelligence will dominate are primarily transactional and rely heavily on data analytics to deliver insights and advice.

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E.U. Companies More Likely to Recognize Opportunities from Managing Climate Risks

CPA Practice

A quarter of organizations with operations in the EU expressed a high or very high appreciation for strategic opportunities provided by effectively managing climate risks, compared to less than 10% of non-EU firms.

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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.

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Staying ahead of AI

Accounting Today

Artificial intelligence may already be eating away at some advisory services.

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Professionals on the Move – March 20, 2025

CPA Practice

Professionals on the Move is a collection of recent promotion, hiring and other staffing announcements from around the profession.

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Tax Fraud Blotter: Histories of non-compliance

Accounting Today

The royal treatment; tit for tat; false certifications; and other highlights of recent tax cases.

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Lohman Company Introduces Newly Branded Project Professional Services Firm: First Chair

CPA Practice

First Chair is a project professional services firm for companies of all sizes that need highly experienced talent to take on critical initiatives in accounting, finance, data, and project management.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

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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Changes to Form 6765: What accountants need to know

Accounting Today

The IRS has made significant changes to Form 6765, Credit for Increasing Research Activities, with new requirements set to take effect this tax year.

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Acumatica Product Update Focused on Performance, Resiliency and Growth

CPA Practice

This latest update furthers Acumaticas commitment to drive ERP modernization beyond strictly back-office functions to become a comprehensive strategic business platform.

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PCAOB reaches agreement with Romanian regulator

Accounting Today

The Board and the Romanian audit oversight authority agreed on a statement of protocol that allows for cooperation for the oversight of auditors.

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Clarus Partners offers AkuCalc Sales Tax Calculator for more platforms

Insightful Accountant

The expansion of new AkuCalc integrations with FileMaker, Stripe, Great Plains, and BigCommerce will empower more businesses with accurate, affordable, and automated sales tax capabilities.

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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.

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FlexTecs Expands Proprietary Payment Accuracy Platform with FlexTrap Statement Reconciliation

CPA Practice

FlexTrap has now evolved into a fully extensible platform, introducing supplier statement reconciliation to further reduce financial leakage and improve financial operations.

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AccountsIQ launches new Workflow Approvals

Insightful Accountant

AccountsIQ has released their new 'workflow approvals' engine designed to streamline business approvals, improve compliance, and gain full visibility over financial workflows.

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Starboard plans Autodesk fight, says leaders not credible

Accounting Today

Starboard has pressured the board to reevaluate the performance of CEO Andrew Anagnost since last August after accounting issues arose at the company.

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Nancy McClelland's Guide to Tax-Ready Books & Top 10 Accounting Conferences!

Insightful Accountant

In this episode of Accounting Insiders, host Gary DeHart sits down with Nancy McClelland, CPA, aka The Dancing Accountant! Nancy runs a hyperlocal CPA firm in Chicago while living in Mexico during tax seasontalk about work-life balance!

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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.

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WISP Components – What CPAs Should Be Aware Of

Ace Cloud Hosting

Data security is a top priority for every business in the modern world. This is especially important for CPA firms that handle clients financial data. One of the best ways.

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Streamling Deadlines and Deliverables: The Role of Accounting Project Management Software

Canopy Accounting

Accounting firms manage multiple complex client projects at the same time. The scope of work for every client involves unique variables and details to their work, but each project involves streams of communication, documents attached to key decisions, and deadlines that must be met.

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Tips to Find Hidden Assets in Divorce

FraudFiles

It is not uncommon for one spouse to hide assets during a divorce. Everyone is in love until theyre not, and then they may not feel much like splitting everything with a soon-to-be e-spouse. If hidden assets and streams of income remain hidden, it may be impossible to get a fair divorce settlement. Women are [.

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IRS falls behind on refunds for dead taxpayers

Accounting Today

Between January 2021 and July 2024, the IRS processed nearly 610,000 manual refunds for deceased taxpayers, but in many cases took over a year.

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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.

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IRS Probationary Employees Who Were Laid Off Get Reinstated—But Put on Paid Leave

CPA Practice

"Pursuant to the [court] Order, you are being reinstated to your previous position immediately," an email to fired IRS probationary workers said. "While you are being reinstated to federal service, you are also being placed on Administrative Leave. You should not report to duty or perform any work until receiving further guidance.

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How eBay sellers can simplify sales tax management

TaxConnex

A dependable platform to handle the blocking and tackling of your eCommerce sales can be a real lift to your online business. Companies, many of them now well-known, have sprung up to provide just this service. A marketplace facilitator is a platform where third-party sellers of any size and location can facilitate retail sales by listing their products.

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Opportunities Skagit County Business Owners Will Miss Out On Without Accounting Basics

SkagitCountyTaxServices

Its officially time to get serious about your accounting and taxes. Because if youre an S corp or partnership and you havent yet filed your 2024 taxes, its imperative that you file an extension immediately. Thats because March 17th is the deadline for filing Forms 1120-S, 1065, 1042, and others. Why else should you be taking your accounting seriously right now?

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AI Adoption Is Not as Difficult as You Think – So Start Now or Fall Behind 

Anders CPA

Regardless of the size of your company, you must be looking to leverage AI to drive business value, or you will be left behind. Do you remember when the internet was new? Who needed a website to connect with customers and prospective employees? What was digital transformation, customer portal, or mobile app? Companies that didnt start adopting these strategies and technologies fell far behind their competitors — or went out of business altogether.

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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.