Mon.Feb 10, 2025

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Quality management standards: Time is running out!

Accounting Today

For auditors and quality management, there's a big difference between a 'document' and a 'system.

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What’s new in Xero – February 2025

Xero

We’re kicking off the new year with some exciting Xero updates designed to address some of the enhancements youve been asking for, and make things more automated to save you time. Keep reading to learn how these enhancements will benefit you and your business. Global: Enhancements to new invoicing [Product Idea ] You’ll love the time-saving enhancements we have made to new invoicing this month.

Tax 93
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Trending Sources

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What TF Is Going on With CPA Exam Pass Rates?

Going Concern

Um, what is this? The CPA Exam remains broken. Q4 2024 Pass Rates: Core: FAR – 36.80% AUD – 43.50% REG – 60.40% Discipline (Candidates Choose 1): BAR – 33.70% TCP – 72.20% ISC – 56.40% A few thoughts: The consensus on the new exam was FAR would see higher pass rates as difficult material — Dr. Josh McGowan, CPA (@Jmcgowan3838) February 8, 2025 Full text of Dr.

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Organize Microsoft Teams Chats and Channels With Sections

Withum

Information overload is a challenge for everyone. Im always excited to check out features that will make my life easier and keep things organized. Microsoft Teams channels have long been a critical way to stay productive, and now Microsoft Teams has made one of the biggest changes to the Teams chat UI in recent memory: a combined layout for both channels and chats.

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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.

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Navigating the Latest Section 174 R&D Capitalization Rules: What Founders Need to Know in 2025

Shay CPA

For early-stage startups, research and development (R&D) is the lifeblood of innovation. Historically, small companies benefited from being able to immediately deduct R&D costs each year. However, legislative changes enacted under the Tax Cuts and Jobs Act (TCJA) of 2017 have altered the playing field. This post explores Section 174 in its current form, common pitfalls for founders, and practical strategies to help you navigate these rules effectivelyeven as legislative uncertainty looms

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New 2025 Filing Requirements for PA Nonprofits

Withum

Starting January 2025, due to Pennsylvania Act 122, most domestic and foreign filing associations registered to do business in Pennsylvania are required to file an Annual Report. This report will replace the prior filing, which is required once every 10 years, to confirm the existence of entities that have not made some other type of filing with the Pennsylvania Corporation Bureau during the preceding 10 years.

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10 Bookkeeping Best Practices Every Business Should Outsource

Basis 365

Keeping your business successful requires well-managed financial records, but taking the time and money to build an accounting team can use up resources you cant spare. If youre finding it difficult to keep up with your bookkeeping but dont want to hire an in-person accounting team, its time to consider alternative solutions! Outsourcing your accounting needs can scale with your business while ensuring accuracy, and its quickly becoming a standard for successful businesses.

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Copilot Updates: Microsoft 365 Copilot Chat Is Now Available

Withum

Microsoft Copilot has an update: Microsoft 365 Copilot Chat is now available! Copilot Chat is free access to Enterprise grade Copilot, giving organizations a taste of Copilot. This version has some limitations but is a great starting point for organizations not ready to get the value from the $30/month Copilot license. Key Features of Microsoft 365 Copilot Chat Web-Grounded Chat with GPT-4o: Microsoft 365 Copilot Chat is powered by GPT-4o , providing a robust and secure AI chat experience.

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Monday Morning Accounting News Brief: It’s TikTok *Tax* Advice, Not Grammar Advice; NABA Gets a New Ally | 2.10.25

Going Concern

Good morning, counterati. It’s Monday again, here is some news for you to start your week. ‘Tis the season to get tax advice from TikTok. p.s. It’s they’re , buddy. Accountants are too stupid to know about this because after all the schooling they just STOP learning! pic.twitter.com/BuMGHJuKx9 — Jessica Smith, EA , not a CPA (@Taxsavvyjessica) February 9, 2025 Something to chew on as both sides argue about fraud and waste: My dad was an auditor with The Indiana Depa

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$1,928 is the Average Refund Amount So Far This Tax Season

CPA Practice

Since the start of the 2025 tax filing season on Jan. 27, the IRS has issued 3.23 million refunds with an average refund amount of $1,928 as of Jan. 31, the agency said last week.

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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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Why Thomson Reuters is the best choice for corporate tax professionals

ThomsonReuters

In todays rapidly evolving business landscape, companies of all sizes are upgrading their technological infrastructure to improve productivity and remain competitive. These digital transformations typically involve transitioning to a cloud-based business system, and they are important to corporate tax leaders because the tax function touches virtually every aspect of a modern organization.

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FICPA Honors Leadership Academy Graduates

CPA Practice

The FICPA Leadership Academy is a selective, high-impact program for CPAs age 35 and under who are looking to grow as leaders within their firms and the profession.

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2025 ProAdvisor Awards Application Deadline is February 15th

Insightful Accountant

All 2025 ProAdvisor Award Applications must be completed no later than this Saturday, February 15, 2025 at 11:59:59 PM Pacific-time.

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Four New Members Added to American Accounting Association Hall of Fame

CPA Practice

This years inductees include David R. Bean, Barry C. Melancon, Terry Shevlin, and Mary T. Washington Wylie (1906-2005). The 2025 inductees represent a diverse group of accounting thought leaders, from practice and academia.

Account 106
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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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Melancon joins Baker Tilly U.S. and International

Accounting Today

Former AICPA president and CEO Barry Melancon is joining Baker Tilly U.S. as an advisor Baker Tilly International as a non-executive director and chair-elect.

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GBQ Acquires Talentcrowd in Ohio

CPA Practice

The Columbus, OH-based top 100 firm has acquired Talentcrowd, a referral-based hiring platform also based in Columbus that brings tech talent to top companies and teams, effective Jan. 31.

Ohio 101
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The End of Another 1099 Season is Here at AccountingDepartment.com!

AccountingDepartment

It is that time of the year again, tax season. Many businesses dread this time of the year - it's tough. But thankfully, it's not as tough when you have the unrivaled support of AccountingDepartment.com.

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Former AICPA CEO Barry Melancon Joins Baker Tilly

CPA Practice

The Louisiana native, who retired at the end of last year after a nearly 30-year run as AICPA chief executive, will join Baker Tilly as an advisor and will become a non-executive director and chair-elect of the Baker Tilly International board of directors.

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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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The state of CAS

Accounting Today

Kim Blascoe of CPA.com dives into CAS's extraordinary growth rates, the key practices of a high-performing CAS practice, and more.

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DOGE Team Now Seeks Access to Treasury’s Accounting Data

CPA Practice

Elon Musk's DOGE team will be in Parkersburg, WV,from Tuesday through Thursday, whereTreasurykeeps its Central Accounting Reporting System, or CARS, which handles accounting and reporting access for all federal agencies.

Account 95
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The AI Revolution in Tax Firms: Adapting to the Future

Insightful Accountant

The rise of AI agents is poised to fundamentally reshape how tax firms operate and compete. As autonomous AI systems become more sophisticated, firms must prepare for significant changes.

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Stampli Set to Launch Procure-to-Pay Solution

CPA Practice

The new software offering from Stampli unifies all procurement processes, documents, and discussions into a single workflow.

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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.

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$1M in HSA is a rosy projection. But smaller savings still pay off

Accounting Today

The estimate for the amount required for 65-year-old spouses is one of many from a study full of figures that financial advisors can use to highlight the value of HSAs.

Tax 52
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Workers in Different Industries Have Differing Priorities

CPA Practice

Respondents shared their thoughts on the latest trends in employee attitudes, desires and concerns across various sectors, including technology, banking, healthcare, manufacturing, retail and transportation and distribution.

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Art of Accounting: My Accounting High interview

Accounting Today

Accountants should stop focusing on the past data they generated, and the current situations their clients are in, and migrate to a future-oriented spotlight.

Account 52
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Thomson Reuters Announces New $150M Corporate Venture Capital Fund

CPA Practice

Building on the success of its first $100 million fund, launched in 2021, Fund 2 reaffirms the company's commitment to driving innovation and delivering customer value.

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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.

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The Future of Accounting: Roger Knecht on Bookkeeping, Tax Planning & CFO Services

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with Roger Knecht, president of Universal Accounting Center, to discuss key trends shaping the accounting industry.

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interVal Adds Customization to Business Reports Feature

CPA Practice

interVal has upgraded its Business Reports feature to allow accountants and advisors to customize and create shorter, streamlined, and more specific reports for their SMB clients.

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Managed Endpoint Security: Protecting Video Meetings From Deepfakes

Ace Cloud Hosting

Consider this: A critical video meeting gets hijacked as a deepfake impersonates your CEO, issuing false directives. The consequences will be devastating. A similar case happened with a U.K.-based energy.

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Global Pension Assets Hit Record $58.5 Trillion

CPA Practice

Global pensions assets rose by 4.9% year on year in 2024, reaching a record $58.5 trillion, led by growth in the largest defined contribution (DC) markets, according to the latest Global Pension Assets Study from WTWs Thinking Ahead Institute.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.