Fri.Feb 14, 2025

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Gen Z is here. Is your firm recruiting them effectively?

Accounting Today

Firms must stay on top of their tech game to attract younger candidates and consistently invest in tools and technology to make their lives easier.

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Ryan Kelly Honored With FICPA’s Horizon Award

Withum

Withum is proud to share that Ryan Kelly , CPA has been recognized by the Florida Institute of CPAs with a prestigious Horizon award. Ryan, an audit manager in our Orlando office , serves privately owned and publicly traded clients in the Professional Services , Manufacturing, Distribution and Logistics industries. A University of Scranton graduate, Ryan is an active member of the AICPA, FICPA and PICPA.

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House committee advances IRS legislation

Accounting Today

The House Ways and Means Committee passed a set of bipartisan bills aimed at improving tax filing and administration at the Internal Revenue Service.

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AICPA Recommends Scaling Back Section 199A QBI Deduction Limitation

CPA Practice

Section 199A generally allows owners of pass-through entities to deduct 20 percent of the owners QBI earned in a qualified trade or business.

Tax 107
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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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Bookkeeper, financial analyst among top in-demand jobs

Accounting Today

Bookkeepers and financial analysts are among the U.S.'s top 15 most in-demand jobs for 2025, according to staffing agency Randstad.

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Average 2025 Tax Refunds Up by More Than $300, IRS Says

CPA Practice

Data released on Feb. 14 by theIRSshows the average refund is coming in at $2.065, up from $1,741 in 2024.

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More Trending

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AICPA Highlights Key Concerns for Individuals to Keep in Mind During 2024 Tax Season

CPA Practice

As taxpayers navigate the challenges of tax season, the American Institute of CPAs (AICPA) is identifying areas individual filers to be aware of for this filing season.

Tax 101
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PCAOB quizzes auditors on new quality control standard

Accounting Today

The Public Company Accounting Oversight Board has posted a series of online "knowledge checks," or multiple-choice questions, to help auditors gauge their understanding of various aspects of the PCAOB's new quality control standard.

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AICPA, NASBA Share Plans for Additional Pathway to CPA Licensure

CPA Practice

The American Institute of CPAs and the National Association of State Boards of Accountancy are advancing proposed changes to the Uniform Accountancy Act that would clear the way for states to adopt an additional path to CPA licensure while also adjusting practice mobility requirements.

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On the move: FICPA graduates 23 from Leadership Academy

Accounting Today

American Accounting Association inducts four to its Hall of Fame; Armanino launches professional services industry group; and more news from across the profession.

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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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What Happens When You Contribute Excess Amounts to your RRSP

Ronika Khanna CPA,CA

Being able to contribute to an RRSP is one of the great tax saving strategies available to all Individual Canadian Taxpayers who generate earned income which is essentially income earned from employment (salaries) or self employment. It is extremely important to know that there are unfortunately limits to how much you can contribute and Revenue Canada (CRA) actually imposes penalties on overcontributions to your RRSP.

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Tech news: Bill introduces Divvy Reserve Card

Accounting Today

Plus, KPMG announces KPMG Velocity business transformation suite; Sovos achieves full SAP certification on suite; and other accounting tech news and updates.

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Bank Statements in a Divorce

FraudFiles

When there are suspicions of hidden income or secret investments or bank accounts, an analysis of known bank accounts can reveal helpful details. Tracy Coenen explains how bank statements and credit card statements can be used by a forensic accountant in a divorce or child support case.

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Valuation Beyond Numbers: Enhancing Your Construction Business Worth

Randal DeHart

When valuing a business, most people think straightforwardly about profits. While financial success is undoubtedly critical, it's far from the only factor determining a business's actual worth. Understanding valuation complexities can offer small business owners and entrepreneurs a clear roadmap for sustainable growth and long-term success. While financial metrics are undoubtedly important, they do not provide a complete picture of a construction company's worth.

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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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DOL Clarifies Cybersecurity Obligations to Health Plans: What Plan Sponsors Need to Know

Withum

The history of cybercrime provides a stark reminder of how rapidly technology evolves and how vulnerabilities can be exploited by bad actors. Over the decades, cyberattacks have grown in scale and sophistication mirroring the evolution of technology. From Early Cybercrime to Modern Cybersecurity Obligations While technology allows users to perform many tasks more efficiently, it has also allowed bad actors to take advantage of vulnerabilities for financial gain.

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Pussies at the PCAOB Have Backed Down on Firm Metrics Rules

Going Concern

In November, the PCAOB approved new rules that would require firms to report various metrics : Partner and Manager Involvement, Workload, Training Hours for Audit Personnel, Experience of Audit Personnel, Industry Experience, Retention of Audit Personnel (firm-level only), Allocation of Audit Hours, and Restatement History (firm-level only). As anyone familiar with the inner workings of public accounting could have predicted, the firms were not thrilled with the idea and said as much in public c

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Data highlights worrying cyber security trends in the accountancy sector

Accounting Insight

Accountancy firms have good reason to ensure they are reviewing and mitigating cyber security risks in their practices. They are prime targets for cyber criminals, in part due to the valuable financial data they hold on other companies and the significant payments they make on behalf of clients, for example, for payroll activities. The amount of information in the public domain on their business, such as meet the team pages on their website, also provides valuable assets to help cyber criminals

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Friday Footnotes: Stop Saying There’s a Shortage and Just Admit You’re Cheap, Firms; DOGE Hits the IRS; AICPA Caves on 150 | 2.14.25

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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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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Yooz and Touchstone FMS Partner to drive financial management efficiency

Accounting Insight

Yooz , a global leader in cloud-based Accounts Payable (AP) automation solutions announces a strategic partnership with Touchstone FMS , a leading provider of financial management software solution, Infor SunSystems. UK businesses face increasing economic pressures, evolving regulatory requirements and the challenge of maximising value with dwindling resources, meaning AP automation has become a necessity, not a luxury.

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Trump widens trade fight to include global taxes, regulation

Accounting Today

Trump ordered top economic officials to calculate U.S. tariffs based on the total tariffs and tax, regulatory, currency and any other barriers exports face.

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The Significance of Valuations for Insolvency Practitioners

Menzies

Menzies LLP - A leading chartered accountancy firm. The Strategic Importance of Valuations in Insolvency Cases As Insolvency Practitioners, we navigate complex financial landscapes to manage distressed businesses and protect the interests of creditors. In this challenging role, accurate valuations play a pivotal role in guiding our decision-making processes.

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Senators say Bessent misled them on DOGE's Treasury access

Accounting Today

Senate Democrats criticized Treasury Secretary Scott Bessent for what they call a "lack of candor" about what DOGE workers are doing with U.S. payment systems.

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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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common issues when considering the value of a trading business in an insolvency situation

Menzies

Menzies LLP - A leading chartered accountancy firm. Business Valuation vs Share Valuation In recent matters we have been involved in, the issue of business valuation versus share valuation has been a key issue. This is likely to be pertinent when seeking investment in a fledgling company at the early stage of trading or one in distress and contemplating restructuring or entering an insolvency process.