Thu.May 01, 2025

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How Technology Powers Continuous Innovation for CAS Practices

CPA Practice

Clients are increasingly looking beyond traditional accounting services and instead want strategic partners capable of providing real-time financial insights and proactive guidance.

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Q-commerce and sales tax: the latest

TaxConnex

E-commerce began and soon exploded as a spinoff from brick-and-mortar retail. Now the spinoff is large enough to generate its own spinoffs, one of which is quick commerce, or q-commerce. This pairing of e-commerce and brick-and-mortar retail, sometimes called on-demand delivery, means a mouse click and digital payment initiate delivery within an hour or two.

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The time is now: Preparing your corporate tax department for the AI revolution

ThomsonReuters

Highlights: 4% of tax professionals welcome new technology, with 42% exploring AI AI enhances rather than replaces tax professionals, acting as a “digital junior resource” for repetitive tasks Successful AI integration requires building trust, experimentation, and starting with accessible tools in existing systems Responsible AI demands attention to privacy, bias prevention, and oversight, with future trends The buzz around artificial intelligence (AI) isn’t just hype anymore,

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How Can Cutting Expenses Help Improve Your Business’s Cash Flow Without Sacrificing Growth?

GrowthForceBlog

9 min read May 1st, 2025 For business leaders that need or want to improve cash flow , costs must be cut. Yes, you can (and should) work to increase revenue, but simply selling more won't help you with maximizing profitability and the cash you have available for paying bills and investing in your company. Key Takeaways Why the Need for Such Prudence?

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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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Top Remote Tax and Accounting Candidates of the Week | May 1, 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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Trading on whilst insolvent | Wrongful trading 

Menzies

Menzies LLP - A leading chartered accountancy firm. What is it and why should directors be concerned? Directors have a fiduciary duty to promote the success of the business for the benefit of its shareholders. However, when a company begins to head towards insolvency, the directors should redirect their focus towards protecting the creditors position from worsening further.

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At Least Half of Students Surveyed by CAQ Think Accountants Have Good Work-Life Balance

Going Concern

This post’s image is a reference to this old pic of a Moss Adams employee working poolside on the weekend. In yesterday’s “Pipeline update: Perceptions of accounting brighten among students” published on Journal of Accountancy , we find out there’s a new Center for Audit Quality pipeline survey that picked the brains of almost 3,500 high school and college students to get their thoughts on the profession.

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FASB Proposes Standard to Improve Debt Exchange Accounting

CPA Practice

The Financial Accounting Standards Board issued a proposed ASU on April 30 that would provide accounting guidance for debt exchange transactions involving multiple creditors.

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How to prepare for Making Tax Digital (MTD) in the UK

Accounting Insight

Approaching the transition to MTD (Making Tax Digital), accountants may be worrying about the challenge they face. However, when properly prepared for, MTD offers several opportunities for accountants. Challenges include understanding the guidelines and remaining compliant with new rules, while accountants may choose to focus on opportunities such as enhanced client services and competitive advantage through early adoption.

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CLA Adds Dembo Jones in Maryland

CPA Practice

The move, which expands CLA's presence in the Washington D.C.market, is part of the top 10 accounting firm's plan to grow by$1 billionthrough acquisitions over the next five years.

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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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Is time running out for accounting's 150-hour rule?

Accounting Today

State CPA societies are pushing for alternatives to the 150-hour rule as a major step towards addressing the major talent crisis.

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IRS Raises HSA Contribution Limits for 2026

CPA Practice

The IRS on Thursday issued its annual inflation-adjusted amounts for health savings accounts next year, with small increases across the board as inflation cools.

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2025 National Insurance Hike: What It Means for You

Accounting Insight

When costs rise, the challenge isnt just about keeping clients, employees, and your bottom line happy, its about finding smarter ways to make everything work together. April 2025 saw significantly higher costs for many businesses, with the rise in employer National Insurance. Heres why now is the time to consider salary sacrifice and how its a triple-win for you, your clients and your employees.

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KPMG Launches AI-Powered Tariff Modeler

CPA Practice

With the KPMG tariff modeler, companies can enhance their preparedness for trade disruption, potentially minimize financial impacts, and maintain strategic focus despite policy uncertainty.

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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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PCAOB chair Erica Williams defends audit regulator amid possible SEC takeover

Accounting Today

PCAOB chair Erica Williams says the role played by the PCAOB can't simply be "cut and pasted" into the SEC as legislation threatens to shutter the board.

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Research Shows Top Priorities and Challenges Facing Today’s Technology Leaders

CPA Practice

Enterprise systems like ERP play a critical role in digital transformation and IT modernization, fueling demand for talent with specialized expertise and skills.

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ADC Attends The 2025 CEO Coaching Make BIG Happen Summit

AccountingDepartment

Last week, AccountingDepartment.com Business Development Representative, Shawn Marcum hit the road and attended the CEO Coaching Make BIG Happen Summit in Miami, FL.

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MyDocSafe unveils Ai4U and TaxNav

Accounting Insight

MyDocSafe Unveils AI4U and TaxNav at Accountex 2025 Were thrilled to announce that MyDocSafe will be exhibiting at Accountex London 2025, taking place on 1415 May at ExCeL London. Visit us at stand 1615 to explore our latest innovations designed to empower accountants and their clients. MyDocSafe AI4U – Cora – your AI assistant At this years event, were proud to showcase AI4U, our new sister brand dedicated to delivering intelligent solutions for the accounting industry.

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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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Withum Merges in CTM CPAs & Business Advisors in Illinois

CPA Practice

The Princeton, NJ-based top 25 firm is bringing aboard CTM, a public accounting, tax, and business consulting firm based in Lincolnshire, IL, effective May 1.

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Tax Fraud Blotter: Unhealthy habits

Accounting Today

Insult to injury; lack of progress; gone fishing; and other highlights of recent tax cases.

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Eide Bailly Adds Salesforce Consulting Firm Roycon

CPA Practice

Fresh off an M&A deal earlier this week with CPA firm Volpe Brown & Co., Eide Bailly said on Thursday that Salesforce consulting business Roycon is now part of the top 20 accounting firm.

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Take comfort in gradual change in an era of audit upheaval

Accounting Today

The numbers will continue to skew toward a younger generation of internal audit leaders with each passing year.

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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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Dynamis Partners with Payroll Integrations to Expand Network of Payroll Partners for Third-Party Administrators

CPA Practice

The new partnership enables Dynamis to connect with Payroll Integrations network of over 200 payroll and benefit providers, expanding TPAs automated access to payroll data for the plan sponsors they work with.

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CLA merges in Dembo Jones

Accounting Today

CliftonLarsonAllen LLP has added a firm with offices in North Bethesda and Columbia, Maryland, expanding CLA's presence in the U.S. Capital region.

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Bookkeeper Job Description for Modern Firms (Free Template)

Ryan Lazanis

Writing a bookkeeper job description for your accounting firm might seem simple But if you want to attract highly qualified […] The post Bookkeeper Job Description for Modern Firms (Free Template) appeared first on Future Firm.

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Savant acquires Corrigan Financial

Accounting Today

Savant Wealth Management acquired CPA-led registered investment advisor Corrigan Financial, based in Middletown, Rhode Island, on April 30.

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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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Finding Fraud With Analytical Review of Financial Statements

FraudFiles

Performing analytical review on the financial statements of a company is an important part in the fraud detection process. It can help detect manipulation of the numbers, as we are looking at account balances and their relationships to one another. How have account balances changed from period to period? How have the relationships between accounts [.

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Rehmann combines with Martinet Recchia

Accounting Today

The Top 50 Firm based in Troy, Michigan has added a family-owned CPA firm in the Cleveland suburb of Willoughby, expanding its presence in Ohio.

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Florida May Find Out What Happens If We Replace CPAs With Fantastic From Fallout New Vegas

Going Concern

This is Fantastic if you aren’t familiar with New Vegas lore. Several years back, the AICPA seemingly out of nowhere announced it had detected a huge threat to CPA licensure and started warning its members of a vague movement to do away with licenses completely that could somehow affect accountants. In the same breath, the AICPA acknowledged that there weren’t actually any active threats against the CPA license , this was more of a just-in-case thing based on deregulation chatter hap

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Do we have too much regulatory gridlock on group audits?

Accounting Today

Audit regulators are increasing their focus on how group auditors identify, engage and supervise component auditors. Is this level of scrutiny necessary?

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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.