Thu.Mar 27, 2025

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The Hidden Risks of Relying on Proprietary Accounting Software

AccountingDepartment

Accounting is the backbone of any business, from managing cash flow to ensuring compliance and long-term scalability. Many business owners turn to proprietary accounting software for streamlined financial management, captivated by promises of simplicity and powerful functionality.

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How to Anticipate and Navigate Property Tax Scenarios for Businesses

CPA Practice

Property taxes and business license compliance present a complex landscape, especially when significant business events involving mergers, acquisitions, or expansion occur.

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Accounting firms declare their independence

Accounting Today

In an era dominated by private equity and merger mania, firms that want to stand alone have to make that a conscious and continual choice.

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Stock Market Surge in 2024 Means Higher Taxes in 2025

CPA Practice

With capital gains, dividends and interest income soaring, many taxpayers are seeing the flip sidebigger tax bills and smaller refunds.

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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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Voting for the 2025 ProAdvisor Awards Closes on Tuesday

Insightful Accountant

Voting for the ProAdvisor Awards closes on Tuesday April 1. If you haven't voted for the 2025 ProAdvisor Awards now is the time to cast your ballot for both U.S. and International candidates.

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California Now Has More Electric Vehicle Charging Ports Than Gas Pumps

CPA Practice

Electric vehicle charging ports now outnumber gas nozzles across the Golden State, a sign of the increasing number of zero-emission vehicles on the road.

More Trending

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Baker Tilly Picks Up Invoke Tax Partners in Texas

CPA Practice

Baker Tilly said the acquisition of Dallas-based Invoke enhances its capabilities in real estate and business personal property tax, sales and use tax, and severance tax.

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PwC announces Agent OS for coordinating AI agents

Accounting Today

Big Four firm PwC announced the release of Agent OS, styled as an agentic AI operating system to streamline AI workflows and orchestrate complex, multi-agent business processes at scale.

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April's QB Talks is a Deep-Dive into the "Best of the Best Payroll Apps"

Insightful Accountant

Murph and Debra Kilsheimer will take a deep dive into the 'Best of the Best' Payroll Apps. Are you using the 'old standby' Payroll and wondering if you're getting the best "bang for your buck?" Don't miss this opportunity to explore something else!

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Tax Fraud Blotter: Needing relief

Accounting Today

Nothing but the tooth; an offer she can't refuse; patterns of filing; and other highlights of recent tax cases.

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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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40% of Employees Have Quit a Job Because They Didn’t Trust Their Manager, Survey Finds

CPA Practice

A new report from online career platform LiveCareer reveals workplace trust issues across generations, with Gen Z employees least likely to trust their employer's leadership.

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Building the business case for DEI in accounting firms

Accounting Today

A diverse team isn't about filling seats or meeting quotas; it's about breaking free from the hive mind.

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Regulation CC Threshold Increases – Best Practices

Anders CPA

Regulation CC was amended by the Board of Governors of the Federal Reserve System (Board) releasing a finalized rule to formally adopt a methodology for inflation adjustments. The finalized rule takes effect July 1, 2025. Banking institutions will need to understand both the updated thresholds and the considerations that surround them to remain in compliance.

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The Future of Tax Practice: How AI Will Transform Your Business

Insightful Accountant

Its no secret that the impact of artificial intelligence on tax practices is no longer theoreticalit's rapidly becoming reality. Recent industry surveys and analyses reveal that AI is fundamentally reshaping our industry.

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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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What is the Average Salary in Your State?

CPA Practice

According to a recent study from SoFi, which looked at the highest-paying states in the country, employees in 12 locationsincluding Massachusetts, California, Connecticut, and Marylandearn significantly more than the national average salary.

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Ultimate Guide to QuickBooks Online & QuickBooks Enterprise Support

Ace Cloud Hosting

QuickBooks Online (QBO) and QuickBooks Enterprise Solutions (QBES) are two outstanding accounting products from Intuit designed to streamline financial management. These solutions cater to businesses of all sizes, from small.

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Spring Budget 2025 - no significant tax changes

Inform Accounting

Chancellor Rachel Reeves' Spring Statement of March 26, 2025, addressed the UK's economic challenges and outlined measures to promote growth and stability.

Tax 52
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What's New in Time & Billing: March Product Releases

Canopy Accounting

Discover Canopys Time & Billing updatesnow with partial refunds, custom invoice numbering, required time entry fields, and debit vs. credit card payment filtering.

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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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Boost Your Pension and Reduce Corporation Tax

Inform Accounting

Running your own business comes with plenty of perks, but did you know that paying pensions through your company can help reduce your corporation tax bill? Its a win-win: you invest in your future while making your company more tax-efficient.

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ADM to cut CEO's bonus after accounting scandal hit shares

Accounting Today

The move comes after ADM adjusted years of financial results due to errors in the way it reported transactions between business units.

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Whose Sales Tax Is It, Anyway? Part 1

TaxConnex

The sellers? The buyers? Is this even a tax? Dont get tricked into automatically thinking sales tax is your responsibility: Many factors go into determining who has to charge, collect and remit sales tax. Lets look at a few, including basic definitions of taxes and conditions of taxation and how complicated situations can sometimes make determining responsibility tricky.

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Demystifying Financial Forecasting: Key Concepts and Tools

Summit CPA

One of the most common goals for small business owners is generating enough cash flow to grow and scale. What it means to scale might vary from business to business, but its a universal truth that you need cash to do so. However, knowing how to increase profitability while keeping expenses in check can be difficult. Thats where financial forecasting comes in.

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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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Want to Know Exactly How Much Offshore Staff Are Making? Gotchu

Going Concern

Who wants to see an offshore salary guide? Because we’ve got one for you today. It comes from TeamUp, a company that does direct hires for US, Canadian, and Australian firms hiring overseas, meaning they get people on firms’ actual staff rather than acting as a middleman. You can guess where this is going based on the intro: SaLaRy eXpEcTaTiOnS HaVe cLiMbEd sO HiGh tHaT ThEy oFtEn SiMpLY DoNT WoRk.

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Making Tax Digital for Income tax – Frequently asked questions about outsourcing work

Accounting Insight

Making Tax Digital for Income Tax (MTD IT) will be implemented from April 2026. HMRC is already contacting agents and affected individuals to let them know how to prepare for their new responsibilities to maintain digital records and submit information online each quarter. While most accountants understand the new requirements and are taking steps to get their Practice and clients ready, many are wondering how to find the resources needed to support clients with their new digital record keeping

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IAASB offers auditing standard implementation guide

Accounting Today

The International Auditing and Assurance Standards Board and the International Sustainability Standards Board provided help with adopting their standards.

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Top Remote Tax and Accounting Candidates of the Week | March 27, 2025

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.

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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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Key IRS Adjustments for 2025: What Taxpayers Need to Know

Dent Moses

In 2025, the Internal Revenue Service (IRS) introduced several inflation-adjusted changes to various tax provisions, aiming to align them with current economic conditions. Standard Mileage Rate for Business Use: The rate has increased to 70 cents per mile, up from 67 cents in 2024, reflecting higher vehicle operation costs. Standard Deductions: Single Filers and Married Individuals Filing Separately: Increased to $15,000, a $400 rise from 2024.

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Tax Preparation Fees

Withum

Many friends (but none of my clients) have expressed concerns that they think their tax preparation fees are too high. Well, if they were too high, then the preparer would not be in business for too long for one of two reasons. Either there would be no sustainable business because of a lack of retention or growth of clients, or They would have made enough money to retire early.

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Accountex London releases 160+ CPD accredited programme 

Accounting Insight

On 14-15 May 2025, the worlds largest accounting and finance expo, Accountex London is returning to Excel. Alongside 300+ software suppliers and countless networking opportunities, the education programme is packed with exclusive industry updates. Topics include everything from practice growth strategies and developments in AI to ESG, AML and Making Tax Digital updates from HMRC ahead of the 2026 deadline.

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Senate majority leader pushes estate tax repeal in GOP bill talks

Accounting Today

Republicans are aiming to approve a multitrillion tax bill in the coming months that renews Trump's 2017 cuts, along with a fresh round of levy reductions.

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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.