Fri.Apr 04, 2025

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228K jobs added in March, 700 lost in accounting

Accounting Today

Employment rose by a stronger than expected 228,000 jobs in March, although unemployment inched up to 4.2%, the U.S. Bureau of Labor Statistics reported.

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The Benefits of Financial Due Diligence in M&A Transactions for Multi-Unit Franchise Operators

Withum

Mergers and acquisitions (M&A) involving multi-unit franchise operations requires a meticulous approach to ensure a successful transaction. Potential buyers will need to understand all facets of the business on an overall and individual location basis. Financial due diligence (FDD) is a critical component of this process, offering numerous benefits that can significantly impact the outcome.

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Best Firms for Technology deadline extended

Accounting Today

Due to greater-than-expected interest, Accounting Today has moved the submission deadline for its 2025 Best Firms for Technology survey from today to Friday, April 11.

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Blockchain in accounting: A guide for tax and accounting professionals

ThomsonReuters

Jump to What is blockchain? How blockchain works in accounting Key considerations for accounting professionals adopting blockchain Practical steps for accountants to get started The future of blockchain in accounting Transform your firm with blockchain In the rapidly evolving accounting landscape, staying ahead of technological advancements is crucial for maintaining a competitive edge.

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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

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Friday Footnotes: Pokemon But Make It Tax; IRS Employees Get Their Jobs Back; PwC Severs Ties in Africa; | 4.4.25

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.

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Xero and Sumday Partner to Give Users 12 Months of Free Carbon Accounting Tools

CPA Practice

This offering also provides small businesses and their accounting and bookkeeping partners with valuable training, templates and resources to enhance their carbon accounting skills.

More Trending

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Young Accounting Leaders Honored: CPA Practice Advisor Announces ’40 Under 40′ and ’20 Under 40′ Awards

CPA Practice

This years 40 Under 40 Honorees and 20 Under 40 Influencers are active in professional organizations, as well as in their local communities, where many are small business owners and employers.

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Developing future leaders in accounting

Accounting Today

With technology, automation and AI transforming the accounting and advisory sector, so-called soft skills are more essential than ever for professionals.

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4 Steps to Take Toward Financial Spring Cleaning

CPA Practice

Spring is the perfect time to open some windows, plant some flowers, and freshen up the money goals you set at the start of the year. Here are four things to focus on.

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Tech news: AvidXchange releases new AI agents

Accounting Today

Plus, Solver releases xFP&A Nonprofit Industry Solution Models; CPAClub launches "Club 22" professional network; and other accounting tech news.

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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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Capstone Accounting and Tax Secures Private Equity Investment

CPA Practice

Formerly known as Capstone CPAs, Capstone Accounting and Tax said the outside capital will provide the financial and strategic support needed to accelerate its long-term growth, strengthen client service offerings, and expand its market presence through mergers and acquisitions.

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On the move: KPMG adds three asset management, PE leaders

Accounting Today

Wipfli appoints new chief growth officer; Illinois CPA Society installs latest board of directors; and more news from across the profession.

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The Tax Blotter – April 2025

CPA Practice

The Tax Blotter is a round-up of recent tax news and Tax Court rulings.

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IRS recalls fired workers as April 15 tax deadline looms

Accounting Today

A notice to probationary employees fired in February and reinstated in March directed probationary workers to prepare to return to "full duty" by April 14.

Tax 59
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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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Gordon Advisors Merges in The Henry Group in Michigan

CPA Practice

Troy, MI-based accounting firm Gordon Advisors is combining with fellow Troy-based practice The Henry Group in a move that expands Gordon's capabilities and enhances its depth of expertise.

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Should You Do Your Own Small Business Accounting?

Ronika Khanna CPA,CA

Any potential startup or business owner knows (or finds out quickly) that starting a business can be overwhelming once you discover the many different facets that are involved. Consequently we tend to focus on what is immediately important while we let some of the more technical aspects of our business be deferred. One of these often overlooked aspects of business is accounting, which arguably (although Im a bit biased) is one of the most important parts of running a business as a good accountin

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Survey Shows How and When Taxpayers File, Common Errors, And How They Spend Their Refunds

CPA Practice

More than one-quarter of respondents (28%) noted that filing their taxes incorrectly is a top concern during tax season, and another 14% are concerned about not understanding the tax filing process or requirements

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DOJ urged not to dissolve its tax division

Accounting Today

More than 60 lawyers wrote in response to a memo by Deputy Attorney General Todd Blanche that called for a broad reorganization of the department.

Tax 52
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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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CPAClub Opens Club 22 Network to Accounting, Finance Professionals

CPA Practice

The accounting solutions provider has launched Club 22, a professional network that brings accounting and finance professionals together through experiential learning and shared growth.

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What is VAT flat rate scheme?

Inform Accounting

The VAT flat rate scheme is a simplified flat rate scheme which can be used by smaller businesses to save work. Under the scheme, businesses pay a set percentage of their VAT inclusive turnover to HMRC rather than the difference between the VAT that they charge and the VAT they suffer on the goods and services that they buy.

Tax 52
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Strategies for Family Practice CPAs – The Accounting Technology Lab Podcast – April 2025

CPA Practice

Randy Johnston and Brian Tankersley, CPA, discuss strategies needed to efficiently run a family tax and accounting practice. Watch the video, listen to the audio podcast below, or read the transcript.

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Businesses pounce as GOP weighs limiting corporate SALT break

Accounting Today

Groups are mobilizing to squelch a Republican plan to curtail a heavily used federal income tax break that allows corporations to deduct state and local taxes.

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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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Gartner Finance Survey Reveals the Top 10 Technologies for Future Investment in Finance

CPA Practice

Finance leaders are focused on AI-enabled technology solutions and intelligent process automation to align their finance technology investments with broader business goals to enhance speed, agility, and competitive advantage.

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Clients aren't likely to face estate taxes. But they still need a plan

Accounting Today

Financial advisors have the opportunity to spur important discussions and bring peace of mind to the uncertainty around the Tax Cuts and Jobs Act, an expert said.

Tax 58
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IRS Job Cuts Hit Civil Rights Office

CPA Practice

The IRS began implementing a reduction in force Friday that will result in staffing cuts across multiple offices and job categories, with the agency's Office of Civil Rights and Compliance getting the brunt of it today.

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Identifying Gaps To Improve Your Construction Business Marketing

Randal DeHart

Visibility is essential for your handyman or contracting business for several key reasons. Effective marketing helps your company stand out in a competitive market, and promoting your services can help you reach a wider audience and become known in your community. Potential customers are more likely to hire someone they have heard about or seen advertised.

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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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Speaker Q&A: Alexis Kingsbury

Accounting Insight

Alexis Kingsbury is an award-winning entrepreneur, insightful speaker, and host of The De-stress Your Business podcast. He owns two software businesses and a consulting practice, serving 600+ organizations around the world, including well known brands such as 3M, Asahi, Dext, Grant Thornton, Google, Pepsi, PwC, Sony, and Swarovski. He authored the Accountancy Playbook series, based on interviews with 100+ accountancy leaders and experts to uncover the key obstacles they face at each stage of gro

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Fed Chairman Warns Trump Tariffs Raise Inflation Risks and Could Slow Growth

CPA Practice

Federal Reserve Chairman Jerome Powell said Friday that President Donald Trump's "Liberation Day" global tariffs will lead to "higher inflation and slower growth" in the coming months.

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Menzies and Cripps support KAMIC Group on cross-border acquisition of Elsteel Group

Menzies

Menzies LLP - A leading chartered accountancy firm. Menzies and Cripps have advised Swedish-based KAMIC Group on the successful acquisition of Elsteel Group, a global manufacturer of modular and customised steel enclosures for low-voltage switchgear. With operations across Denmark, Sri Lanka, India and Poland and annual revenues exceeding 30 million, Elsteel will join KAMIC Groups Installation business area as an independent company.

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Treasury employee union requests emergency relief

Accounting Today

The National Treasury Employees Union asked a judge for emergency relief to preserve collective bargaining rights in response to a Trump executive order.

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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.