Art of Accounting: 5 reasons for failing to grow and how to change them
Accounting Today
MARCH 10, 2025
Part of growing is for your staff to also grow. That growth comes when they are empowered to take charge, supervise and make decisions.
Mon.Mar 10, 2025
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KPMG to Merge With KPMG, KPMG, KPMG, KPMG, KPMG, KPMG…
Going Concern
MARCH 10, 2025
KPMG thinks it’ll save money, open up new opportunities, and be better equipped to make widespread technology investments by consolidating local firms in its international network. In May of 2024, KPMG announced that KPMGs UK and Switzerland would merge to form a $4.4 billion MechaKPMG. Said KPMG UK chief executive Jon Holt at the time, “This marks a historic moment for both firms.
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Single SCN Can be Issued for Multiple FYs. Having a Common Adjudication Period
VJM Global
MARCH 10, 2025
Held by Honble High Court of Kerala In the matter of Joint Commissioner (Intelligence and Enforcement) vs. M/s Lakshmi Mobile Accessories (W.A.NO.258 OF 2025) The Assessee received consolidated Show Cause Notice under Section 74 of CGST Act for FY 2017-18 to 2023-24. The Assessee challenged such SCN in the writ petitioner wherein it was held that the department is required to issue separate SCN for every assessment year.
Adapting to change: ensuring indirect tax data quality
ThomsonReuters
MARCH 10, 2025
Blog home Ronan Le Gall , along with his colleagues Tim Carpenter , partner and principal at EY who leads the indirect tax technology practice for the Americas , and Vanessa Grazziotin Dexheimer , Senior Manager at EY in indirect tax and global VAT were discussing the power of clean data as an end-to-end solution for indirect direct tax processes at the Thomson Reuters Synergy Conference.
Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100
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Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.
JAX expands beta access and introduces new features to save you time and effort
Xero
MARCH 10, 2025
A year ago, we shared our vision to reimagine accounting using AI and mobile , recognizing the transformative potential for small businesses and the industry. As part of delivering on that vision, we launched Just Ask Xero (JAX), our smart and reliable generative-AI business companion, to make accounting tasks easier and save you time through simple conversation within everyday apps.
How the 50 States Rank By State and Local Tax Rates in 2025
CPA Practice
MARCH 10, 2025
WalletHub released a new study examining which states had the highest and lowest state and local tax rates to determine where residents are giving the most and least money back to their respective governments.
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Keep pace with digital tax compliance: Handle big data and fast reporting
ThomsonReuters
MARCH 10, 2025
Blog home For large companies operating in a digitalized global economy, indirect tax compliance has evolved from an arduous manual task to a largely hands-off process performed by sophisticated tax technologies that execute most tax functionsdata gathering, computation, reconciliation, invoicing, reporting, filing, etc.automatically and in close to real time.
February Retail Sales Were Down Monthly Amid Tariff Concerns
CPA Practice
MARCH 10, 2025
Total retail sales, excluding automobiles and gasoline, were down 0.22% seasonally adjusted month over month but up 3.38% unadjusted.
BPM expands in Canada
Accounting Today
MARCH 10, 2025
The Top 50 Firm is expanding further in Canada by adding locations in the greater Toronto area and Calgary.
Most CFOs Plan to Pass Tariff Costs on to Customers, Says Gartner Survey
CPA Practice
MARCH 10, 2025
Gartner polled 192 CFOs and finance leaders from a cross-industry group of organizations with global operations about priorities in response to new tariffs.
An inside look at the alternative practice structure
Accounting Today
MARCH 10, 2025
Firms everywhere are adopting alternative practice structures -- but who knows what an APS really is? William Kelly, chief counsel at Ascend, dives into the details.
AuditBoard Adds Advanced AI Capabilities to Internal Audit Platform
CPA Practice
MARCH 10, 2025
AuditBoard's new features enable customers to audit with impactful, industry-trained, generative AI-powered workflows.
AICPA proposes independence changes for PE
Accounting Today
MARCH 10, 2025
The possible rule changes would affect the alternative practice structures set up by accounting firms receiving private equity financing.
New Report Reveals the Value of Strategy Plus Increasing Responsibility for Internal Audit Leaders
CPA Practice
MARCH 10, 2025
Internal audit functions that are more strongly aligned with overall organizational strategy are more likely to have sufficient funding.
New Software & You: Elevating Your Tech Stack
Speaker: Joe Wroblewski, Senior Sales Engineer
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
CohnReznick makes plans after scoring PE funding
Accounting Today
MARCH 10, 2025
The Apax Partners deal will add more capabilities for the firm to expand geographically in its existing areas as well as new territory.
Nasdaq Suffers Worst Day Since 2022
CPA Practice
MARCH 10, 2025
Anxiety that tariffs and government firings will torpedo growth in the worlds largest economy extended a three-week stretch of volatility across global markets.
Financial empathy for CPAs isn't an oxymoron
Accounting Today
MARCH 10, 2025
Deep in the heart of busy season, you may not be feeling much empathy for clients who have been procrastinating and are so disorganized, but you should.
Import Cargo Levels Continue to Rise as Tariff Worries Mount
CPA Practice
MARCH 10, 2025
Amid continuing tariff turmoil, imports at the nations major container ports are expected to remain elevated through this spring but volume could see year-over-year drops this summer.
The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience
Speaker: Melissa Hurrington
Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.
Voting Continues for the 2025 ProAdvisor Awards
Insightful Accountant
MARCH 10, 2025
More than 700 Ballots for the 2025 ProAdvisor Awards have already been cast. Have you cast yours?
AI Security: Invoice or Impersonation? 36.5% Spike in Phishing Attacks Leveraging QuickBooks’ Legitimate Domain in 2025
CPA Practice
MARCH 10, 2025
Cybercriminals are creating free accounts on the Intuit QuickBooks platform, which makes these attacks challenging for people to distinguish from genuine communications.
Tax Season Update: IRS Layoffs, Scam Alerts, and CTA Enforcement Changes
Insightful Accountant
MARCH 10, 2025
The 2025 tax season continues to evolve with significant changes at the IRS, new scam alerts, and updates to Corporate Transparency Act enforcement. Here's what tax practitioners need to know.
Crowe Global Pulled in Revenue of $5.8 Billion in 2024
CPA Practice
MARCH 10, 2025
The Crowe global network of accounting firms brought in a combined $5.8 billion in revenue last year, a 10% year-on-year increase.
Maximizing Profit and Productivity: The New Era of AI-Powered Accounting
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
UBS found guilty in France of harassing two tax whistleblowers
Accounting Today
MARCH 10, 2025
UBS France retaliated against its former auditor by sidelining him and refusing to promote him to executive director after he disclosed information to bosses.
BPM to Combine with WBM Partners in Canada
CPA Practice
MARCH 10, 2025
The top 35 firm is expanding its reach in Canada by merging in WBM Partners, a Burlington, Ontario-based accounting and advisory firm, in a deal expected to be completed on June 1.
Tax Avoidance vs. Tax Evasion: How to Evaluate the Legitimacy of a Tax Strategy
CTP
MARCH 10, 2025
Have you ever had a client bring you a tax strategy that sounded too good to be true? Even if a tax savings idea is setting off alarm bells for you, you may not be sure how to refute it when your client is the one bringing it up with enthusiasm. Of course, in an ideal scenario, you would be ahead of the game and hearing about common tax scams before your clients, so you can preemptively warn them not to heed these get-rich-quick schemes of the tax world.
AICPA Accepting Comments on Independence Rule Changes Related to Private Equity Investments in Accounting Firms
CPA Practice
MARCH 10, 2025
The committees Alternative Practice Structures Task Force will seek comment through June 15 on the memos preliminary conclusions and two interpretation options.
Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
How to Spot a Tax Scam: Tax Avoidance vs. Tax Evasion
CTP
MARCH 10, 2025
Tax avoidance versus tax evasion: can you name the difference? The distinction is absolutely essential and can mean the difference between tax savings and jail time. Tax avoidance is the term used to describe legal strategies for lowering your tax bill by structuring your transactions so that you reap the largest tax benefits. Tax evasion, on the other hand, is an attempt to reduce your tax liability by concealing information or otherwise deceiving the IRSin other words, committing a tax-related
Monday Morning Accounting News Brief: FAR Isn’t That Hard If You’re Drunk; Late Muni Audits Piling Up | 3.10.25
Going Concern
MARCH 10, 2025
Good morning! Hope you didn’t have to waste too much time yesterday setting all your antiquated manual clocks forward like I did. Care for some news? This post from r/CPA popped up when I was scrolling over the weekend, the turnaround gave me a chuckle. OP: FAR isn't that hard you guys! You can do it! OP 9 hours later: Just kidding I was drunk when I said that, it's hard. pic.twitter.com/BnwbIRzXEM — Going Concern (@going_concern) March 9, 2025 If you missed this earlier post
Small Businesses Pushing for Tax Simplification to Help Them Meet Their Goals in 2025, Survey Finds
CPA Practice
MARCH 10, 2025
U.S. small businesses are planning for 2025 to be a year of growth and optimismand they're urging Congress and the Trump administration to prioritize tax reform, address inflation, enhance workforce development, cut regulatory red tape, and increase access to capital, according to a new survey from Goldman Sachs.
House unveils Trump-backed bill to avert government shutdown
Accounting Today
MARCH 10, 2025
The bill would claw back $20.2 billion in spending for the IRS passed as part of President Joe Biden's signature green-energy Inflation Reduction Act.
Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
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