Fri.Jul 04, 2025

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IRS Audit Defense & Representation: Expert Protection with Mike Habib, EA

MyIRSRelief

Receiving notice of an IRS audit can be one of the most stressful and intimidating experiences a taxpayer faces, triggering immediate concerns about potential penalties, additional taxes, and the complex process ahead. Whether you’re dealing with a correspondence audit, office examination, or field audit, the stakes are high and the need for expert representation is critical.

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The #1 Reason Contractors Lose Clients: Poor Invoicing—And How to Fix It

Randal DeHart

As we celebrate Independence Day and the spirit of hard work and craftsmanship that built our country, it’s the perfect time to think about strengthening your construction business, so you have the freedom to grow and succeed. When most contractors consider why they lose clients, they often blame price competition, slow projects, or a client’s unrealistic expectations.

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Congress Passes One Big Beautiful Bill – President to Sign on July 4

Withum

With the House passing the Senate version of the One Big Beautiful Bill on July 3, the President is expected to sign the bill into law on July 4 at 5:00 PM EST. The House passed the bill with a party-line vote of 219 to 213, with only two Republican representatives, Reps. Thomas Massie of Kentucky and Brian Fitzpatrick of Pennsylvania, voting with the Democrats.

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Are Hotel Businesses optimising their cashflow benefits?

Menzies

Menzies LLP - A leading chartered accountancy firm. 2025 is proving to be a challenging year for hotel businesses. The recent rise in employment costs from minimum wage and national insurance increases, rising energy costs and supply chain disruptions all create financial strain. Hoteliers are under pressure to find innovative ways to manage costs and enhance guest experiences.

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You upgrade everything else. Why not your close process?

You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes?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.

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Friday Footnotes: America Day Weekend Reading | 7.4.25

Going Concern

Happy 4th, everyone! Please try to not blow any fingers off should you be celebrating with fiery crackery explody things this weekend and go easy on the burgers OK? Enjoy this brief, completely unorganized Footnotes if you need some weekend reading. Comments are normally closed on Footnotes as a rule however we’ve left them open this time so feel free to air any grievances and/or opine on any of the articles below.

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P&L filing shake-up could be on the chopping block

Accounting Web

Financial reporting

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Xplor Solutions partners with iplicit to deliver digital finance transformation to growing mid-market organisations

Accounting Web

Accounting software Tags Cloud Partnership Tech stack

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Improving staff efficiency in the hospitality industry with digital transformation

Menzies

Menzies LLP - A leading chartered accountancy firm. As the hospitality industry continues to recover and grow since the pandemic, adopting digital transformation has become more important than ever before. There has been a significant rise in businesses within the sector embracing and investing in digital transformation to improve operational efficiencies and enhance staff productivity to support customer-facing roles.

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ESG: Shining a light on the forgotten letter

Accounting Web

Financial reporting

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What Killing Tax Credits Means for the Electric Vehicle Market

CPA Practice

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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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VDI vs Legacy Systems in Healthcare: Which One To Choose? 

Ace Cloud Hosting

Today, many healthcare providers still rely on legacy information systems. Many of which were built long before the demands of modern healthcare. While these systems may support basic operations, they.

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President Signs Sweeping Tax and Spending Bill Into Law

CPA Practice

President Donald Trump held an outdoor signing ceremony at the White House on Friday, formally enacting a major tax and spending bill that passed through the Senate and House earlier in the week.

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Dentist’s tax avoidance scheme showed lack of wisdom

Accounting Web

HMRC & policy

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