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

CPA Practice

MAY 7, 2025

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

Government

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

Accounting Today

MAY 7, 2025

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

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The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.

accounting and finance

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

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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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

CPA Practice

MAY 7, 2025

The investment from Thoma Bravo is expected to accelerate Franklin, TN-based HubSync's product roadmap and customer service, as well as enable continued growth and innovation.

accounting software

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

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

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

Technology

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

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.

Account

CapataCPA

MAY 7, 2025

Notable comments from Chairman Powell during today’s FOMC press conference and announcement. From the FOMC statement: “Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace.” : This opening acknowledgment hints that they believe this data point to be transitory, driven by companies stockpiling inventory ahead of tariffs.

Legal

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

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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.

Accounting Today

MAY 7, 2025

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

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

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

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

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

accountant

Accounting Today

MAY 7, 2025

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

Account

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

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

CPA Practice

MAY 7, 2025

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

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

accounting and finance

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

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

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

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.

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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

Tax

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

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

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

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

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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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