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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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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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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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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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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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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Early Preparation Tips to Streamline Your Employee Benefit Plan Audit

Withum

It is never too early for plan sponsors to start thinking about the organizations employee benefit plan audit. Generally, audits cant begin until the spring, when the recordkeepers have provided the audit package, which includes a collection of reports detailing the plan’s operations for the year. Following is a list of items that auditors will need over the next couple of months and what plan sponsors should do to prepare.

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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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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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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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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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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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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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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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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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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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New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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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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ESG: Accountants' opportunity to lose

Accounting Today

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

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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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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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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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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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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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EY Adds AI Capabilities to Blockchain Analyzer

CPA Practice

The AI feature enables users to automate and simulate the entire contract review process using natural language prompts and the tools testing engine, enhancing efficiency.

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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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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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American Express to Acquire Expense Management Software Company Center  

CPA Practice

Centers software, together with American Express corporate and small business cards, will aim to create a seamless expense management platform that delivers more value across the commercial card payments process.

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Cohen to acquire Tassi

Accounting Today

The Top 50 Firm is acquiring a firm based in the northwest suburbs of Chicago that specializes in real estate clients.

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Cohen & Co. Acquires Tassi in Illinois

CPA Practice

The transaction, expected to close at the end ofMarch, enhances the private equity-backed top 50 firm's national real estate service offering and expands Cohen's presence in the Chicago market.

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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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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Vertex Expands e-Invoicing Capabilities to Streamline Compliance and Reporting

CPA Practice

Scalable solutions are essential to replace fragmented approaches, ensuring seamless compliance while automating the reconciliation between real-time e-invoice data with periodic VAT filings.

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AICPA releases guidance on stablecoin reporting

Accounting Today

The American Institute of CPAs is providing a framework to stablecoin issuers for presenting and disclosing information related to the tokens they issue.

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What Is a Purchase Order, and When Would You Need to Create One?

Patriot Software

As a seller, you prepare invoices requesting payment from customers who make purchases on credit. And as a buyer, you may also need to create some documents, like a purchase order (PO). What is a purchase order?

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IIA drafts guidance on third-party relationships

Accounting Today

The Institute of Internal Auditors has released a draft version of proposed requirements on third-party governance, risk management and control processes.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.