Thu.Mar 06, 2025

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Big Firm Advantage in Forensic Accounting

FraudFiles

When companies have big problems, they usually bring out the big guns. The benefits of using large law firms, audit firms, and other professional service firms are undeniable. These firms offer a depth of experience that is invaluable, and they have seemingly unlimited resources in terms of manpower. A large firm often has the ability [.

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What the 1099-K Requirements Mean for Your Skagit County Small Business

SkagitCountyTaxServices

Youre in the middle of a very busy (and mentally tiring) season for your Skagit County business right now. And unfortunately, its not mostly the fun stuff keeping you busy its things more on the housekeeping side of running your business, like meeting tax and other important government deadlines. Youve got quite a few of those coming up, so I wanted to make sure you havent let any of them slip your mind.

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Elevating payroll: Industry leaders advocate for Chief Payroll Officer in the C-suite

ThomsonReuters

They emphasized the role of payroll in compliance, technological integration, and its significant impact on an organization’s profit and loss. Both speakers advocated for a paradigm shift in how payroll is perceived, highlighting its potential to support operational success and mitigate risks. “This is probably the most important topic that I’ve ever spoken about in this type of forum,” Lee said at the beginning of the presentation.

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The Link Between Financial Planning and Health: A Holistic Approach to Well-Being

Menzies

Menzies LLP - A leading chartered accountancy firm. When people think about financial planning, they often focus on wealth accumulation, retirement savings, and investment strategies. However, financial well-being is deeply intertwined with physical and mental health. Stress from financial instability can lead to serious health issues, while sound financial planning can contribute to a healthier and more balanced life.

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You upgrade everything else. Why not your close process?

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The power of the emotional connection in business communications: 8 tips to improve empathy

Accounting Insight

Accountants and other finance professionals agree that the emotional connection achieved on a phone call is stronger [1] than other communication methods yet empathy, understanding, and patience are often still lacking on client calls. Today, clients have many choices about how and when they contact their financial representatives, from online forms to chatbots, live chat, dedicated phone lines, text communication, WhatsApp, social media, and more.

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Spring forecast 2025 wish list: transport & logistics

Menzies

Menzies LLP - A leading chartered accountancy firm. The Chancellor has committed to one major fiscal event a year in order to give families and businesses stability and certainty on upcoming tax and spending changes and, in turn, to support the governments growth mission. It does, however, provide the opportunity to fine tune some of the more controversial announcements that were made in her Autumn Budget, including potential further tax changes.

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Groceries vs. restaurant food: Digging into the sales tax differences

TaxConnex

Youd think that if you eat it, its sales tax treatment would be the same at least similar across different states and given methods of preparation of the food. Wrong. Sales tax applies to food in nothing short of a cornucopia of varying ways depending on where you buy it and whether its groceries or prepared (and, in some case, where you eat the prepared food or it youve added certain foods to it).

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Spring forecast 2025 wish list: property & construction

Menzies

Menzies LLP - A leading chartered accountancy firm. The UK property sector is currently experiencing a range of challenges. Ahead of the Spring Forecast we have set out our wish list of actions wed like the Government to implement to help alleviate the key issues: Provide support for first time buyers The threshold above which first time buyers are required to pay SDLT was temporarily increased on 23 September 2022 from 300,000 to 425,000.

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Deloitte to Tie Office Attendance to Bonuses, Some Deloitters Don’t Seem to Care

Going Concern

The big news this week is that if you’re in tax at Deloitte, you’ll be expected to show your face at the office or client site a couple days a week going forward. FT has the scoop : An email sent to staff in the firms US tax division in recent weeks, and seen by the Financial Times, said that being present at a Deloitte office or client site will now be considered in your...performance evaluations.

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Transposition Error, the Little Mistake That Causes Big Problems

Patriot Software

Mistakes happen, especially when it comes to recording transactions in your books. One type of accounting mistake thats easy to make is a transposition error. Read on to learn what is a transposition error and how it can affect your accounting books. What is a transposition error?

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AI In Accounting: A Practical Roadmap For Smarter AP

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.

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Building a Resilient Financial Infrastructure: Lessons for Business Owners

AccountingDepartment

In todays fast-paced digital economy, business owners rely heavily on financial tools and services to manage cash flow, track expenses, and handle accounting needs. However, over-reliance on any single platform can put businesses at significant risk.

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Spring forecast 2025 wish list: retail & wholesale

Menzies

Menzies LLP - A leading chartered accountancy firm. Retailers welcome the governments focus on growth, but are grappling with rising costs. Ahead of the Spring Forecast, we outline key measures to reduce tax burdens, stimulate investment, and enhance consumer spending. The Chancellor’s recently outlined a vision for faster growth fuelled by increased investment.

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Microsoft Power Platform tech lead joins iwantmore.ai as Head of Technology

Accounting Insight

iwantmore.ai, the UK-based AI consulting firm, is thrilled to announce the appointment of Simon Williams as Head of Technology. Williams joins iwantmore.ai from Microsoft, where he spent over 11 years in key technical roles within the Power Platform, Business Intelligence, and Cloud Engineering divisions. With a distinguished career at Microsoft, Williams most recently served as a Power Platform Technical Lead, driving innovation in low-code/no-code solutions, including Copilot and enterprise au

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Spring forecast 2025 wish list: financial services

Menzies

Menzies LLP - A leading chartered accountancy firm. The financial services sector needs regulatory reform to drive innovation. Ahead of the Spring Forecast, we highlight key priorities, including crypto regulation, pension reforms, and measures to ease tax burdens on businesses. The spring statement has to focus on what can be done to stimulate innovation and one of the keys to this for the financial services sector is regulatory reform, this might be further staffing the FCA to allow them the s

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Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

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.

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Why I Added an Email Address

Withum

My primary email address for the last 20 years has been my Withum address. I had a personal AOL email when I joined Withum that I also used. About two years ago I added a Gmail address for sites that I request information from and where I expect recurring emails. This was done to isolate emails that I want to read and do not have to reply to. These emails were sent to my AOL account but grew to a very large quantity.

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Spring forecast 2025 wish list: Technology

Menzies

Menzies LLP - A leading chartered accountancy firm. The technology sector awaits the Spring Forecast 2025 amid fiscal uncertainty. We explore potential tax reversals, digital investment commitments, and the impact of policy changes on start-ups, growth, and digital transformation initiatives. One major fiscal event The Treasury has committed to one major fiscal event per year.

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BGL announces the commercial launch of CAS 360 in the UK

Accounting Insight

BGL Corporate Solutions (BGL), the world leader in company compliance solutions, is proud to announce the commercial launch of its complete company secretarial and AML management software solution, CAS 360, in the United Kingdom. Following a successful beta release in May 2024, CAS 360 is now available to help UK accounting firms, corporate service providers and company groups streamline company secretarial and AML compliance processes like never before.

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Top Remote Tax and Accounting Candidates of the Week | March 6, 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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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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Inside the 2025 Top 100 Firms

Accounting Today

A look at the numbers behind the biggest firms in accounting this year.

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IRS to Keep Tax Interest Rates the Same For Q2 of 2025

CPA Practice

For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on March 6.

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PCAOB and SEC crackdown on auditors appears to be ending

Accounting Today

Enforcement activity was more muted in the second half of the year, due to a Supreme Court decision and multiple lawsuits against the PCAOB, says a new report.

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AICPA Issues Guidance for Reporting on Stablecoins

CPA Practice

These criteria provide a framework to stablecoin issuers for presenting and disclosing information related to the tokens they issue.

Tax 101
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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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ESG: Accountants' opportunity to lose

Accounting Today

Environmental, social and governance work holds tremendous potential for accounting firms.

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Close your books with confidence: Introducing reconcile period in Xero

Xero

Coming off the year of the US bank feed , Im excited to share that we’re releasing the eagerly anticipated reconcile period feature in bank reconciliation. Rolling out now for our US and Canadian customers Reconcile period enables you to easily compare your bank statement to your Xero accounting transactions so you can: define a period with a date range and balance, to easily compare to statement lines quickly spot missing, duplicate or incorrect transactions confirm completion and accurac

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U.S. Jobless Claims Fall, Allaying Concerns About Labor Market

CPA Practice

Applications for unemployment benefits dropped last week and returned to muted levels seen at the start of the year, offering some relief after other reports pointed to worsening labor-market conditions.

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CPA execs feel shakier about economy

Accounting Today

CPA business executives' outlook on the U.S. economy appears to be dimming, thanks to inflation and growing worry over tariffs, says a AICPA & CIMA survey.

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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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3 Methods to Encourage Training and Development at Your Firm

Insightful Accountant

Learning and development programs will look different for each business, but with the right programs in place, learning can serve as a lever for growth, helping your employees and your firm thrive.

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Tax Fraud Blotter: Feeling entitled

Accounting Today

Custom-made; alter ego trip; super Genius; and other highlights of recent tax cases.

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Business Execs’ Outlook on U.S. Economy Fades Amid Tariff and Inflation Worries

CPA Practice

The shift reflects growing concerns about inflation and tariffs, according to the survey, which polls chief executive officers, chief financial officers, controllers, and other certified public accountants.

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A young CPA's guide to finding your industry niche

Accounting Today

Here are five keys to building a career that aligns with your passions.

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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.