Wed.Apr 16, 2025

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How to Navigate Depreciation Deductions for Business Property

CPA Practice

Generally, you can claim depreciation-related tax breaks for qualified business property that is placed in service during the year. But in a new case involving a yacht chartering operation, the Tax Court acknowledged that these can be tricky tax waters.

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NJBIZ Names Withum Team Members on Leaders in Finance Honorees List

Withum

Withum is proud to share that NJBIZ has recognized Pat Walsh , Managing Partner and CEO, and Jim Bourke , Partner and Managing Director of Advisory Services , as part of its 2025 Leaders in Finance honorees list. Their inclusion on this prestigious list highlights their dedication and expertise to financial leadership. Pat was recognized for his commitment to leading an inclusive and diverse workplace that supports Withums rich culture.

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What Should I Look for in a CPA for My VC-Backed Company?

Shay CPA

When your company taps into venture capital (VC) funds to build its runway, investors expect you to be diligent with every dollar. You probably want to be, too, since the more you can slow your burn, the longer you have to figure out how to make your business model profitable. Even once your company has some traction, finding and maintaining the right partners helps you scale.

CPA 52
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Jeremy Wortman Breaks Down Innovative Talent Strategies

Canopy Accounting

In this episode of Canopy Practice Success, host KC Brothers interviews Jeremy Wortman, an organizational psychologist with a unique background in consulting for the accounting profession. Jeremy discusses how his work initially took off during his dissertation years, where he created a workshop on ethical decision-making in business. The conversation shifts to the importance of emotional intelligence (EQ) in the workplace, emphasizing how it drives employee engagement and business growth.

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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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How TCS Guernsey Reduced AP Tasks From 3 Days to 10 Minutes

Accounting Insight

Founded in 2019, TCS Guernsey supports local businesses with outsourced bookkeeping and payroll services. Understanding that business owners didnt start their companies to manage paperwork and reconcile accounts, TCS Guernsey removes the stress of bookkeeping and takes on these time-consuming tasks, allowing their clients to focus on growing their business.

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Avoid Double Taxation: Don’t Buy Real Estate in Your Corporation

LSLCPAs

Youve worked hard to grow your business, and now you’re ready to invest in commercial real estate. The cash is in your corporation, so buying the building through your company seems like the simplest choice. But when it comes to real estate and entity structure, what seems simple today could turn into a costly mistake. The post Avoid Double Taxation: Dont Buy Real Estate in Your Corporation appeared first on LSL CPAs.

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Pure Investing Logic

Withum

Any suggestions and illustrations in this blog are not intended as financial advice. They are my personal opinions. I heard the following on a TV and radio broadcast last week on a day the stock market dropped significantly, and the bond market increased. I did not take notes, so this is not an exact quote, but the sense of it is pretty much what was said. “What happened today highlights the reason why people should diversify a stock portfolio with longer-term bonds.

Tax 52
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IRS forces sale of LLC on innocent co-owner

Accounting Today

A court upheld the Internal Revenue Service's forced sale of a co-owned dental practice for one owner's tax debt.

Sales 115
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Economists See Tariffs Eating into Growth and Hiking Prices as Recession Fears Loom

CPA Practice

Prominent economists are lowering their U.S. growth forecasts this year while hiking their expectations for inflation, with the tariff war raising the likelihood of a recession.

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Keith Jones, CPA: Cutting Tax Resolution Time by 75% with Canopy

Canopy Accounting

Profile Keith Jones, CPA, is a tax resolution expert with over two decades of experience serving clients in rural northwest Florida and beyond. Growing his customer base while addressing complex tax cases presented operational challenges, especially with increased client needs and inefficient workflows. Keith was looking for a solution to simplify his day-to-day workload while enhancing his ability to deliver quality services.

CPA 52
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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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Some Texas and California Counties Now Have $200 Threshold for FinCEN Reporting

CPA Practice

Although cash transactions over $10,000 have long been reported under current law, now many transactions of as little as $200 will have to be reported in 30 ZIP Codes along the border with Mexico.

Texas 111
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Accounting class-action lawsuits rose slightly last year

Accounting Today

The number of accounting-related securities class-action filings increased slightly in 2024, but were filed against smaller companies, according to a new report.

Account 103
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Sage and Wipfli Team Up for New Tech Innovations for Healthcare

CPA Practice

Sage Intacct Clinical eProcurement and Sage Intacct EMRConnect were developed in partnership with Wipfli and are designed to address the unique needs of healthcare finance leaders.

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Who Broke the Letitia James Mortgage Fraud Story?

FraudFiles

You may have heard the news the New York Attorney General Letitia James has been referred to the DOJ for possible prosecution for mortgage fraud. And you might be wondering who uncovered this fraud? None other than my friend, Sam E. Antar. He first started reporting on James back in December 2024, exposing how she [.

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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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Third Annual State of Accounting Workflow and Automation Report Released

CPA Practice

The 2025 report provides a detailed analysis of the most significant workflow challenges that emerged in 2024, emphasizing the ongoing issues with workflow inefficiencies.

Account 103
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How to Manage Grant Funds Effectively: A Step-by-Step Guide

GrowthForceBlog

7 min read April 16th, 2024 Every nonprofit organization undergoes a full grant lifecycle that includes identifying grant opportunities, building relationships with funders, applying for grants, accepting grant awards, managing and tracking the grant, reporting your progress, and repeating.

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Bay Area Gen-Z Entrepreneur Uses AI to Help Job Seekers

CPA Practice

Since its launch, Simplify has processed over 30 million job applications, saving users thousands of hours and significantly increasing their chances of landing offers.

payroll 102
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UK online bill payments are going global

Xero

Paying your suppliers is a non-negotiable part of running any business. When it comes to maintaining a healthy cash flow, it’s just as important as getting paid. The visibility of whats going out helps to complete an accurate financial picture for your business. Yet we know small businesses, accountants and bookkeepers face friction when it comes to paying bills, in fact over half of small businesses are spending more than four hours each month managing accounts payable.

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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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Survey of Massachusetts CPAs Reveals Outmigration, Workforce Strains and Urgent Need for Tax Reform

CPA Practice

The report analyzes insights from nearly 200 CPAs representing approximately 4,600 high-income clients and dozens of in-state business leaders, offering a critical pulse on the tax, workforce and business trends.

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Digits takes on the big guys, and other tech stories you may have missed

Accounting Today

Plus, cyber teams may not be reporting everything they should, and other developments in technology this past month.

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IRS Workers Faced a Resignation Deadline as Americans Rushed to File Their Taxes

CPA Practice

Monday was the last day forIRSworkers to upload their resumes, so agency leaders could determine their qualifications, which they were instructed to do earlier this month as part of a planned reduction in their workforce.

Tax 93
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Managing a multigenerational team begins with understanding

Accounting Today

Millennials and Gen Z are increasingly populating the accounting workplace, bringing different expectations, work styles and technological proficiencies.

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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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AI Data Centers Could Spike Power Bills for Consumers

CPA Practice

In many places, a sharp uptick in power demand has been driven by data centers, the industrial buildings that house huge banks of computer servers and support our increasingly digital society.

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FAF reports on activity at FASB and GASB

Accounting Today

The Financial Accounting Foundation released its annual report, offering an overview of its activities in 2024, and at the two standard-setters it oversees.

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Roughly 20,000 IRS Workers Have Requested DRP 2.0 Offer, Reports Say

CPA Practice

About one-fifth of the IRS workforce has requested to take an offer through the second deferred resignation program to be put on paid administrative leave through the end of September.

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Growing Your Bookkeeping or Accounting Firm: A Roadmap to Success

Canopy Accounting

In this ebook, you'll learn how to launch, grow, and scale your bookkeeping or accounting firm with expert insights from Brittany Malidore.

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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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Here Are the 50 Most Prestigious Accounting Firms, According to Vault

CPA Practice

A new ranking for 2026 from career website Vault.com is now out to remind accountants and soon-to-be accountants in college about which public accounting firms are considered the most prestigious in the U.S.

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The basics of S corporations — and the pitfalls for small businesses

Accounting Today

The structure has been delivering tax savings to advisory practices and other professional services firms for decades. But experts say sometimes it's not the best fit.

Tax 52
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Using AI to Detect Fraud

FraudFiles

In some ways, it seems like fraud has gotten easier in the age of the internet. People can hack into databases and get access to information they never could have gotten unless they traveled somewhere and physically broken into a building. Electronic banking and the ease of purchasing things on the internet also make it [.

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Finding Clients in Online Communities (Easy & Cheap)

Ryan Lazanis

Virtual networking can boost your firms visibilityif done right. Heres how to make it work without spending a fortune or too much time. The post Finding Clients in Online Communities (Easy & Cheap) appeared first on Future Firm.

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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.