Mon.Mar 03, 2025

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Payroll expert discusses global payroll strategies in 2025

ThomsonReuters

Blog home As businesses continue to expand their global footprint, the importance of effective global payroll management has become increasingly crucial. In a recent discussion, Mariah Hantis, Senior Director, Global Operations, Payroll, and Benefits at Deel, provided insights into the key challenges, emerging trends, and best practices surrounding global payroll strategies.

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Saving for College: Tax Breaks and Strategies Your Family Should Know

RogerRossmeisl

As higher education costs continue to rise, you may be concerned about how to save and pay for college. Fortunately, several tools and strategies offered in the U.S. tax code may help ease the financial burden. Below is an overview of some of the most beneficial tax breaks and planning options for funding your childs or grandchilds education. Qualified tuition programs or 529 plans A 529 plan allows you to buy tuition credits or contribute to an account set up to meet your childs future higher e

Tax 245
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How agentic AI is redefining the tax and accounting profession

ThomsonReuters

In a profession known for its measured approach to change, agentic AI is emerging as a transformative force for accountants, redefining the nature of daily work and opening the door to more meaningful (and profitable) relationships with clients. But what is agentic AI, and how is it transforming the accounting profession? Agentic AI leverages generative AI and large language models to autonomously plan, reason, and execute multi-step processes.

Tax 93
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Treasury Announces Suspension of BOI Reporting

RogerRossmeisl

As posted to US Department of Treasury website on 3/2/25 The Treasury Department announced on 3/2/25 that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect e

CPA 219
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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

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

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Xerocon Brisbane 2025 tickets on sale now

Xero

Im excited to announce that tickets are on sale now for Xerocon Brisbane! Xerocon returns to sunny Queensland 3-4 September and this year weve invited Queensland icon Joe Brumm creator of Bluey , the most watched television series in the US in 2024 to share his inspiring journey. Xerocon is our flagship technology and innovation conference designed to empower accounting and bookkeeping professionals through learning, networking and growth – and this year we are supercharging the content,

Sales 66
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KPMG Picks Their Next Chair and CEO, Deputy Chair

Going Concern

As you may have heard, reigning Chair and Chief Executive Officer of KPMG US Paul Knopp is headed to greener pastures. With a few months to go until he rides off on June 30, the firm has elected his replacement. It’s Tim Walsh, a 33-year veteran of KPMG and current national managing partner of audit. At his side as deputy chair will be Atif Zaim, US consulting leader and former national managing principal of advisory, replacing Laura Newinski.

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Treasury suspends Corporate Transparency Act enforcement

Accounting Today

The Treasury Department announced it would no longer enforce the Corporate Transparency Act, nor enforce any penalties or fines associated with beneficial ownership reporting under the existing regulatory deadlines.

Account 103
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3 Minutes with Beth Jackson

Accounting Insight

Payroll and tax expert Beth Jackson is not only one half of 2 Sisters Accounting, but a new business specialist, who has worked with hundreds of small businesses. How did you get into the profession? Completely by accident! I left college with my AS Levels, applied for a job in customer service at an umbrella company and got put into the payroll department as I had a maths AS Level.

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Women accounting professionals are thriving in advisory practices, and so can you

ThomsonReuters

Blog home In today’s fast-paced accounting landscape, one thing is clear: the future of the profession lies in advisory services, not just transactional work. The shift towards advisory engagements fuels a deeper understanding of clients’ business goals and strategies, integrating greater value from the outset. This transformation enables firms to provide more comprehensive support, resulting in increased revenue, deeper client relationships, and greater job satisfaction.

Account 40
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2025 ProAdvisor Awards 'Voting' is Underway

Insightful Accountant

Voting for both the U.S. and International ProAdvisor Awards is currently underway.

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Live Demo - Supercharge your Month End Close

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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The tax benefits of life insurance — and the risks to consider

Accounting Today

For wealthy and ultrahigh net worth clients, the advantages often prove very attractive. But the policies carry some sophisticated planning challenges and a high cost.

Tax 95
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April Now Licensed to E-File in All 50 States

CPA Practice

The embedded tax software provider said it has secured the necessary e-file licenses to enable Americans to electronically file in all 50 states, becoming the first new nationally licensed e-file provider in more than 15 years.

Tax 90
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KPMG elects new CEO

Accounting Today

Big Four firm KPMG elected Tim Walsh as its next U.S. chair and CEO, and Atif Zaim as its next U.S. deputy chair, effective July 1.

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The Power of Career Conversations: Are You Engaging with Your Team?

CPA Practice

Career conversations are a simple but powerful way to show your team that you want them to be successfuland satisfied. So, ask yourself: When was the last time I had career conversations with my staff members?

payroll 85
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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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Art of Accounting: Telling a client the reality of their business' value

Accounting Today

What happens when a client has a misconception about the value of their business and hopes to sell it?

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Federal Reserve Expects Tariffs to Raise Consumer Prices

CPA Practice

The proposed tariffs on China, Mexico, Canada and other U.S. trading partners could raise prices for consumers on everyday items by up to 2.6%, according to a study released Friday by the Federal Reserve Bank of Atlanta.

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Can Employees Donate PTO? How to Create a Leave Donation Program

Patriot Software

When it comes to running a business, youre constantly looking for new ways to boost employee morale and increase employee retention. One solution? Letting employees donate PTO by creating a leave donation program. But, what is leave donation, exactly? And, how does it work when it comes to taxes? What is leave donation?

Tax 72
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A Colleague’s Recap of CPA Practice Advisor’s 2025 Thought Leader Symposium

CPA Practice

This years program focused on the impacts of AI, Private Equity, Staffing, CAAS, and Security. Below are my takes on what Im advising my firms to do.

CPA 82
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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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Ethical Issues for the Modern Tax Practice: The Role of Artificial Intelligence

CTP

A.I. is the buzzword none of us can avoid, regardless of the industry we are inincluding tax professionals. When it comes to new artificial intelligence technology, the questions of whether to use certain tools and how those tools can be used appropriately can be tricky to answer. Those of us who practice before the IRS are bound by the ethical rules laid out in Circular 230.

Tax 59
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Car Prices Could Surge $12,000 Under New Tariffs, Says Report

CPA Practice

Impending tariffs on Canada and Mexico risk driving up U.S. car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent.

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Embracing Purpose: How To Transform Your Tax Practice

Insightful Accountant

As tax professionals, we face unprecedented changes: AI-powered tax preparation, evolving client expectations, and regulatory shifts. Creating a singular focus is like creating your firms north star.

Tax 52
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AICPA Pushes Back on Treasury Final Regulations on Related-Party Basis Adjustment Transactions

CPA Practice

In its latest comment letter, the AICPA urges immediate suspension and removal of the final regulations due to the impractical provisions and administrative burdens it imposes.

Tax 76
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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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Empowering Tax Professionals: Latino Tax Fest 2025 Insights From Carlos Lopez

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart interviews Carlos Lopez, Enrolled Agent and founder of Latino Tax Pro, to discuss the Latino Tax Fest 2025, the leading bilingual tax education event for professionals.

Tax 52
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U.S. Manufacturing Stagnates While Prices Rise

CPA Practice

U.S. factory activity last month edged closer to stagnation as orders and employment contracted, while a gauge of prices paid for materials surged to the highest since June 2022 as tariff concerns mounted.

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Wolters Kluwer boosts Form 5330 capacities

Accounting Today

Wolters Kluwer announced new capacities for populating and filing IRS Form 5330, which excise taxes related to employee benefits plans, in its ftwilliams.com product.

Tax 52
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Avalara Announces 29 Newly Certified Integrations into Business Applications 

CPA Practice

Certified integrations are built to help ensure customers enjoy a fast, reliable, and easy process for embedding Avalara's automated tax management into existing systems.

Tax 66
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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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What to Do If You Receive an IRS Notice (Besides Panic)

Patriot Software

Receiving a tax notice from the IRS can be scary. But, there are basic steps that you can take when responding to IRS notice. What is an IRS notice? An IRS notice is an official letter from the IRS, typically relating to federal tax returns or tax accounts.

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Wolters Kluwer Enhances Form 5330 E-Filing Capabilities

CPA Practice

Wolters Kluwer has rolled out new enhancements that allow businesses to electronically file Form 5330 with the IRS from ftwilliam.com, Wolters Kluwer's employee benefit and pension software.

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Bookkeeping Pricing Template (Writing Guide + Free Download)

Ryan Lazanis

Get a free bookkeeping pricing template, and find out how to structure your pricing to maximize your revenue. The post Bookkeeping Pricing Template (Writing Guide + Free Download) appeared first on Future Firm.

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Stopping Employees From Stealing

FraudFiles

It might be hard to believe, but each and every day companies are losing money because they not only give employees opportunities to steal, they encourage it. How? By not providing adequate oversight. A clerk, for example, sees that an error in an account wasnt caught by anyone. A purchasing manager notices that no one [.

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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.