Thu.Jul 03, 2025

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Domestic manufacturers’ growth could bring sales tax problems

TaxConnex

“Made in America” is back in the headlines. Tariff talk and hard lessons of supply chains during the pandemic are driving new interest in basing manufacturing operations in the United States. Covid exposed the vulnerabilities of traditional global supply chains, and experts expect reshoring (bringing manufacturing back to the U.S.) to become more common soon.

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How Working in the Gig Economy Affects Your Taxes

RogerRossmeisl

The gig economy offers flexibility, autonomy and a way to earn income, but it also comes with tax obligations that can catch many workers off guard. Whether you’re driving for a rideshare service, delivering food, selling products online or offering local services like pet walking, it’s crucial to understand the tax implications of gig work to stay compliant and avoid costly surprises.

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2025 MLSC Tax Incentives: What Massachusetts Life Sciences Companies Need to Know

Withum

Massachusetts is strengthening its investment in life sciences innovation—and now is the time to take advantage. The Massachusetts Life Sciences Center (MLSC) has launched its Tax Incentive Program for 2025, aimed to support companies that are expanding their operations and creating new jobs in the state. Now in its 16th round, the program offers refundable tax credits to eligible businesses involved in research, development, and manufacturing within the life sciences sector.

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Using a Financial Expert in a Family Law Case

FraudFiles

Family law cases involving complex financial issues often require the assistance of a financial expert for the following issues: Preparing a financial disclosure, including creating a marital balance sheet Comparing balance sheets from period-to-period to evaluate changes in assets and liabilities Analyzing financial disclosures or affidavits prepared by the spouses Calculating the historical income of [.

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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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes?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.

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Improving productivity when under pressure: Now is the time for UK businesses to truly automate their finance function

Accounting Insight

The changes announced in the Spring Statement, tighter HMRC checks and rising costs demand faster, smarter finance tools The Spring Statement introduced significant fiscal changes for UK businesses. The net result is that UK finance leaders are now facing mounting pressure to adapt – and quickly. Already grappling with rising wage demands and increased National Insurance contributions, UK businesses are being squeezed with rising inflation, which is hitting labour-heavy sectors like manufacturin

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Optimizing Tax Strategies for Law Firm Partners

Withum

As a law firm partner, effective tax planning is crucial to maximizing your financial efficiency and ensuring compliance with ever-evolving tax laws. Here are some key strategies, common pitfalls, and tips for optimizing income timing to help you navigate your tax obligations successfully. Tax Strategies for Law Firm Partners Choose the Right Business Structure: Selecting the appropriate business structure, such as an S corporation or a professional corporation (PC), can help reduce self-employm

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Upcoming Changes to FRS: What They Mean for the Hospitality and Leisure Sector

Menzies

Menzies LLP - A leading chartered accountancy firm. The Financial Reporting Council (FRC) has announced significant amendments to FRS 102, the UK’s principal accounting standard for small and medium-sized entities. These changes, effective for periods beginning on or after 1 January 2026, aim to align UK GAAP more closely with international standards such as IFRS 15 (Revenue) and IFRS 16 (Leases).

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Tech news: Wolters Kluwer adds document summaries, tool directory to CCH AnswerConnect

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

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Recap of the 2025 Accounting Thought Leader Think Tank Mashup – The Accounting Technology Lab Podcast – July 2025

CPA Practice

Brian Tankersley, CPA, and Randy Johnston, discuss the recently held CPA thought leader and think tank symposium, which included discussions of upcoming trends and technologies critical for accounting and tax professionals.

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House Republicans clear critical hurdle in Trump tax bill debate

Accounting Today

The bill includes tax cuts Republicans campaigned on, a phase-out of Biden-era clean energy incentives and funding for the president's crackdown on illegal immigration.

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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.

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Facing a tax bill you can't pay? HMRC's "Time to Pay" Scheme can help

Inform Accounting

Tax deadlines, whether for self-assessment, VAT, PAYE, or Corporation Tax, can create significant pressure for both individuals and businesses. If you're finding yourself in a cash flow bind and worried about meeting your tax obligations, it's crucial to remember that you're not out of options. One vital lifeline offered by HMRC is a Time to Pay (TTP) arrangement.

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How This Firm Saved Over £4,000 a Year on CPD

Accounting Web

Practice strategy Tags CPD Compliance and regulation Firms

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Congress passes Trump tax bill

Accounting Today

House Republicans passed the wide-ranging Trump tax legislation dubbed the One Big Beautiful Bill Act, overcoming resistance from a group of GOP holdouts and united opposition from Democrats.

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AICPA Makes Recommendations as Treasury and IRS Transition to Electronic Payment and Disbursement System

CPA Practice

The adoption of an electronic system for federal disbursements and receipts would increase efficiency, reduce costs and significantly diminish the occurrence of lost or stolen checks.

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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.

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Employers added 147K jobs in June, including 200 in accounting

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

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AICPA CEO: Trump Tax Bill’s Passage ‘a Win for Millions of Businesses, Taxpayers, and Tax Practitioners’

CPA Practice

While not perfect, the One Big Beautiful Bill Act contains many beneficial tax provisions that AICPA President and CEO Mark Koziel believes support the business community and will help grow the economy.

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Why AI’s spreadsheet killer still can’t reel in Excel

Accounting Web

Accounting software

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Intuit Strikes M&A Deal with Seattle Marketing Startup Relevvo

CPA Practice

The co-founder and CEO of Relevvo wrote in a blog post on June 30 that the Seattle-based company's technology has been acquired by Intuit.

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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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On the move: Nisivoccia wins President's Award for advocacy work

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

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Congress Passes Trump Tax Bill; President to Hold Signing Ceremony on July 4

CPA Practice

The House passed Republicans' sweeping tax-and-spending bill Thursday afternoon, a day earlier than the July 4 deadline President Donald Trump set to have it on his desk to sign.

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Our QB Talks for July Is A Workflow App Comparison

Insightful Accountant

Join me this month on July 16th at 2:00 PM Eastern as Debra Kilsheimer and I undertake an 'App Comparison' of Workflow Apps that work with accounting solutions like QuickBooks and Xero.

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The curse of Frankenstein: Is your finance system a monster?

Accounting Web

Accounting software Tags Business advice Cloud Mid-tier firm

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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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What are the UK Extended producer responsibility (EPR) for packaging rules?

Menzies

Menzies LLP - A leading chartered accountancy firm. The UK Government department Defra (Department for Environment, Food & Rural Affairs) has announced that new UK Extended producer responsibility (EPR) for packaging rules for all obligated UK organisations that import or supply packaging. The regulations mean that these organisations may be responsible for the costs of dealing with packaging waste.

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LIVE WEBINAR: First Look Joiin’s Game-Changing New Reporting Features & AI Insights: 8th July

Accounting Web

Accounting software Tags CFO Consolidation Management reporting

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This risk of fraud in your organisation

Accounting for Good

Fraud is a problematic word, yet it is one of the more common financial crimes infecting organisations.

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Why CFOs Are Turning to PaperLess to Streamline PO Requisition

Accounting Web

Finance & strategy Tags CFO Finance Finance director

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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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The Future of VDI: Advancements and Predictions for 2030 and Beyond

Ace Cloud Hosting

“Objects in the mirror are closer than they appear,” and so is 2030. Time is moving fast, and so is technology.

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No Accounting for Taste ep192: Insights into MTD readiness

Accounting Web

Personal tax

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Tax Fraud Blotter: No solution

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

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M&S serves up a summer VAT debate to savour

Accounting Web

HMRC & policy

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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.