Accounting Insight

MAY 7, 2025

For a long time, offshoring was thought to be a strategy only for large corporations with substantial budgets. However, Accounting & Bookkeeping firms can also reap significant benefits from offshoring their services if they take the right approach, even with limited resources. Heres how: Understanding Offshoring and Its Benefits Offshoring accountancy and bookkeeping services must go beyond merely contracting out tasks; it involves strategic partnerships and leveraging external expertise to

bookkeeping 52

bookkeeping accounted Account accountant 52

Accounting Today

MAY 7, 2025

The growing capabilities of artificial intelligence mean the profession can't afford to be complacent, one expert says.

accounted 124

accounted Account accountant 124

CPA Practice

MAY 7, 2025

In addition to halting issuing of paper checks, the government will no longer accept paper checks as payment.

Government 109

Government income tax Tax 109

GrowthForceBlog

MAY 7, 2025

9 min read May 7th, 2025 In a perfect world, receivables would collect themselves. Unfortunately, businesses don't operate in this kind of world, and clients don't always pay on time. Key Takeaways Managing Late Payments: How to Handle Overdue Invoices: When a receivable is late, you need to take action right away. Have a policy that outlines the process and schedule of following up with past-due clients.

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Account accounted accountant 82

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.

Account

CPA Practice

MAY 7, 2025

Artificial intelligence is set to transform internal audit in 2026, with adoption expected to double next year to80% from its current adoption rate among internal auditors of 39%, according to new research from Wolters Kluwer.

auditor 99

auditor audit Account accounted 99

Withum

MAY 7, 2025

Microsoft’s recent announcement about the Microsoft Great Plains end of life has stirred significant concern among businesses that have relied on this trusted ERP solution for years and with good reason. Since its introduction in the early 1990s, Great Plains (GP) has been a cornerstone financial management solution for mid-sized organizations across numerous industries.

NetSuite 59

NetSuite Technology Sales Tax 59

Withum

MAY 7, 2025

Managing cash flow is one of the most crucial parts of running your practice. Poor cash flow can cost your business more money in the long run, leading to missed growth opportunities and operational setbacks. 5 Tactics to Boost Your Medical Practice’s Cash Flow 1. Review Billing The first thing you want to do is check that your billings are being submitted timely and accurately.

accounting system 52

accounting system Account accounted accountant 52

Insightful Accountant

MAY 7, 2025

In our high-pressure industry, where tax season can feel like an endless marathon of deadlines and demanding clients, effective leadership makes the difference between a thriving practice and a burned-out team.

Tax 52

Tax 52

Withum

MAY 7, 2025

I am honored to be included in the first-ever Forbes Best-In-State CPA list. Along with me are my partners, Pat Walsh , Bill Hagaman , Jim Bourke , Brad Caruso and Chris Passmore. They are all extraordinary individuals as well as skilled accountants and advisors to our clients. I, along with Pat, Bill, and Brad, am featured on the New Jersey list; Jim is on the New York list; and Chris is on the California list.

cpas 52

cpas New Jersey CPA accounting firms 52

LSLCPAs

MAY 7, 2025

Lets get this out of the way first: filing a tax extension for your business is not a sign of trouble. Ive seen business owners panic at the thought of extending their tax returnworried that it might signal poor planning or worse, draw unwanted attention from the IRS. But heres the truth, from one CPA. The post Dont Fear the Tax Extension: Why Pushing Your Business Deadline Might Be the Smart Move appeared first on LSL CPAs.

Tax 52

Tax cpas CPA 52

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.

Finance

Canopy Accounting

MAY 7, 2025

May 7, 2025 SALT LAKE CITY Canopy , the leading practice management platform for accounting firms, today announced the launch of Canopy University , a new certification and training program designed to help customers use the Canopy platform with greater confidence and skill.

accounted 52

accounted Account accountant accounting firms 52

Analytix Finance & Accounting

MAY 7, 2025

The difference often comes down to one unsexy but critical decision: their accounting method. Here’s the truth , 82% of business failures stem from poor financial management. Your accounting method isn’t just some administrative choice, it’s the foundation of your financial decision-making system. Think about it. Would you drive cross-country using the wrong map?

accrual accounting 52

accrual accounting accounted Account accountant 52

Accounting Today

MAY 7, 2025

The Top 75 Firm based in Atlanta has steered clear of private equity funding so far and plans to remain independent, despite frequent calls and emails.

tax planning 113

tax planning Tax 113

CPA Practice

MAY 7, 2025

A new report shows that, while 66% of organizations have invested in AI, many are still determining how to measure its value.

Finance 106

Finance Account accounted accountant 106

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.

Finance

Accounting Today

MAY 7, 2025

Private equity is driving massive changes in the market, and firms on both sides of deals need to adapt.

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110

CPA Practice

MAY 7, 2025

Asset management firm TBG will acquire a majority stake in AP automation software provider AvidXchange, while corporate payments provider Corpay will acquire a minority share.

AP Automation 93

AP Automation Technology Account accounted 93

AccountingDepartment

MAY 7, 2025

Effective financial management is critical for businesses of any size, but for small to medium-sized businesses (SMBs), the stakes are often higher. Limited resources, growing competition, and evolving markets require SMBs to make precise financial decisions.

Account 89

Account accounted accountant 89

CPA Practice

MAY 7, 2025

LiaFi gives business owners a better way to manage and earn income on their cash.

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93

Advertiser: Paycor

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.

Withum

MAY 7, 2025

The New Jersey Economic Development Authority (NJEDA) has introduced a new $30 million pilot loan program called the New Jersey Loan Expansion and Network Development (NJ LEND). This initiative aims to boost economic activity in the Garden State by providing low-cost financing to small businesses that typically lack access to such resources, thereby promoting job creation.

New Jersey 86

New Jersey Real Estate Finance CPA 86

CPA Practice

MAY 7, 2025

AI uptake has been strong, with financial planners using AI to streamline client data collection, risk profiling, and communications.

Account 93

Account accounted accountant 93

Xero

MAY 7, 2025

Last year, we made some updates to Xero payroll in our New Zealand plans. Since then, some of you have let us know that the changes didnt quite meet your needs. We’ve listened to your feedback and are taking action. One thing you told us was that you want to have more flexibility in how you pay yourselves or your employees. So, soon, youll be able to pay up to 200 employees on any of our business plans.

payroll 66

payroll accounting apps Account accounted 66

CPA Practice

MAY 7, 2025

A recent agreement between the IRS and U.S. Immigration and Customs Enforcement to share immigrants tax information has raised growing concern about how data tied to ITINs and their holders might be used.

Tax 90

Tax income tax 90

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.

Finance

Going Concern

MAY 7, 2025

Why does it feel like comments EY CEO Janet Truncale made at the Milken Institute Global Conference this week won’t age well? “We’re not going to decrease the size of our workforce” because AI increases productivity, and employees perform at a higher level earlier in their careers [she said]. “I like to think we can double in size with the workforce we have today when we have those professionals operating at the top of their license and doing more interesting work,&

Technology 64

Technology CPA 64

CPA Practice

MAY 7, 2025

Half of C-suite executives are considering cuts to their function in the second quarter of 2025, in anticipation of continued disruption of supply chains, decreased consumer demand and inflation.

Account 80

Account accounted accountant 80

Accounting Today

MAY 7, 2025

The Internal Revenue Service announced the inflation-adjusted amounts for health savings accounts in 2026.

Account 64

Account accounted accountant Tax 64

CPA Practice

MAY 7, 2025

Along with casualty losses, deductions for personal theft losses remain suspended at least through the end of the year, although there are certain exceptions.

Tax 78

Tax income tax 78

Advertiser: Paycor

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.

Accounting Today

MAY 7, 2025

Women working at small businesses have a higher likelihood of making it into upper management than women at larger employers, new ADP Research shows.

Account 64

Account accounted accountant 64

CPA Practice

MAY 7, 2025

Join Joe Wroblewski and CPA Practice Advisor as we explore tech stack evaluation, and to make sure you're on the right track to reap the benefits of true cohesion.

CPA 76

CPA 76

Accounting Today

MAY 7, 2025

The AP solutions provider has agreed to be acquired by an asset management firm and payment solutions provider, after which it will go private.

Technology 59

Technology 59

Ryan Lazanis

MAY 7, 2025

Ive seen many firms use selling points that not only fall flatbut can actually push potential clients away. Heres what to avoid. The post Avoid Saying These 4 Things to Potential Clients appeared first on Future Firm.

Account 52

Account accounted accountant 52

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.

Technology