Tue.Mar 18, 2025

article thumbnail

The growing intersection of law and accounting

Accounting Today

KPMG LLP has taken a significant step by launching KPMG Law US, marking a milestone as the first law firm owned by a Big Four firm to serve the U.S. market.

Account 59
article thumbnail

Small, Medium, or Large? Clearing Up Business Sizes and Accounting Expectations

Basis 365

We often hear business owners say they are a "midsize" company or outsourced bookkeepers state they serve both small and midsize businesses. In reality, these terms are often misused and can add some confusion who a business really serves. When most people think of a midsize business, theyre usually describing a larger small businessone that has grown but still lacks the complexity and scale of a true mid-market company.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why Biotech Startups Need Flawless Accounting for FDA and Grant Success

BurklandAssociates

Strong accounting is essential for biotech startups to stay compliant with FDA regulations, secure grants, and avoid costly financial and regulatory pitfalls. The post Why Biotech Startups Need Flawless Accounting for FDA and Grant Success appeared first on Burkland.

Account 147
article thumbnail

Withum Congratulates Anni Chen, CPA, on CalCPA Women to Watch Experienced Leader Award Nomination

Withum

Withum is proud to announce that Anni Chen , Audit Manager and CPA, has been nominated for CalCPAs Experienced Leader Award. For 10 years, Chen has demonstrated exceptional success across several industries, including life sciences, technology and financial services. The CalCPA Women to Watch Awards celebrates the accomplishments of women CPAs who are making a difference in their industry and communities.

CPA 59
article thumbnail

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

article thumbnail

Where does your accounting firm stand in it’s AI journey? Take our quiz to find out

ThomsonReuters

Jump to The AI spectrum in accounting and tax Why your AI position matters Common questions on the AI journey Take the AI readiness quiz In the rapidly evolving landscape of tax and accounting, artificial intelligence has emerged as more than just a buzzwordit’s becoming an essential component of modern practice management. From automating routine tasks to enhancing client service delivery, AI tools are reshaping how professionals approach their work.

article thumbnail

AICPA Tells Senate Its 2025 Tax Priorities

CPA Practice

The tax priorities letter focuses on a select number of provisions that the AICPA is immediately focused on due to their possible consideration as part of the upcoming 2025 tax legislative process.

Tax 113

More Trending

article thumbnail

Gen Zers and Millennials Panic the Most About Taxes, Survey Finds

CPA Practice

A new survey from CNET reveals that 44% of tax filers have anxieties and fears about filing their taxes, with Gen Z and millennials freaking out the most at 51% and 48%, respectively.

Tax 109
article thumbnail

Unlocking Efficiency with CIN7: How ADC Helps Clients Optimize Inventory Management

AccountingDepartment

In todays fast-paced business environment, efficient inventory management is critical to success. Many businesses struggle with outdated systems, inaccurate stock levels, and disconnected financial processes.

article thumbnail

Experiences 2025 – Agentic AI – Part 1: Opportunity

CPA Practice

Agentic AI refers to artificial intelligence systems that operate autonomously and can perceive, reason, plan, and take action to pursue goals.

article thumbnail

AICPA recommends tax law changes

Accounting Today

The American Institute of CPAs submitted a set of legislative priorities in a letter to congressional leaders, suggesting possible changes to the tax rules.

Tax 96
article thumbnail

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.

article thumbnail

Gender Pay Gap Varies by State, Industry, Job and Race

CPA Practice

Alex GaileyBankrate.com (TNS) More than ever before, women in the U.S. are taking control of their finances, investing in their future selves and making smart money choices. But theres still one obstacle in their way today: the gender pay gap. Census Bureau data for 2023 estimates women working full time, year-round earned 83 cents for.

Finance 105
article thumbnail

Scammers revive schemes during tax season

Accounting Today

Tax scammers are exploiting the current political divide and resurrecting old websites to lure potential victims, according to a new report.

Tax 94
article thumbnail

IIA Makes Recommendations on Development of Artificial Intelligence Action Plan

CPA Practice

The IIA emphasized the importance of establishing clear and measured safeguards governing AI applications, noting the significant impact the technology will have on Americans.

article thumbnail

State leaders clear misconceptions about 150 hours

Accounting Today

Leaders from the six largest CPA societies coauthored an article addressing common misconceptions about making changes to CPA licensure requirements.

CPA 92
article thumbnail

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.

article thumbnail

2025 Tax Changes Could Upend Clients’ Financial Goals, CFPs Warn

CPA Practice

With key Tax Cuts and Jobs Act provisions set to expire at the end of this year, most Certified Financial Planner professionals say clients' retirement and financial plans could be at risk, according to new research by the CFP Board.

Tax 79
article thumbnail

AI skepticism grows among compliance professionals

Accounting Today

Compliance professionals working to prevent financial crimes are losing their faith in AI to solve more problems than it causes.

90
article thumbnail

Illinois Doctor Pleads Guilty to Evading Approximately $1.6M in Taxes

CPA Practice

An Illinois doctor has pleaded guilty to tax evasion for hiding assets and lying to the IRS about his ability to pay approximately $1.6 million in taxes, penalties, and interest.

article thumbnail

Ex-Credit Suisse client pleads guilty to hiding money from IRS

Accounting Today

A Brazilian-American businessman became the second former Credit Suisse client to plead guilty within the last week to hiding millions of dollars in assets.

Tax 75
article thumbnail

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.

article thumbnail

Child Care for Infants is More Expensive than College in 38 States, Shows Study

CPA Practice

In addition, child care is more expensive than rent in 17 states and Washington D.C., showing that child care is one of the biggest expenses families face.

article thumbnail

FlexTecs Announces FlexTrap Statement Reconciliation

Insightful Accountant

FlexTecs has expanded their proprietary payment accuracy platform with the release of FlexTrap Statement Reconciliation.

52
article thumbnail

Baldwin Appointed to Governmental Accounting Standards Advisory Council

CPA Practice

Baldwin currently serves as the executive director of the Council of Internal Auditing for the State Budget and Management Office of the state of North Carolina.

article thumbnail

ERP Survey - Spring, 2025

Insightful Accountant

Murph is asking you to provide information as to your interest in learning more about various ERP solutions for you or your clients. He also wants to know the format you prefer to get your information.

52
article thumbnail

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.

article thumbnail

Michigan House OKs Cut to State’s Personal Income Tax Rate

CPA Practice

The Michigan House on Tuesday voted 65-43 to lower the state's income tax rate from 4.25% to 4.05%, with several Democratic lawmakers joining Republicans in support of the measure.

article thumbnail

Today's QB Talks is the "Best of the Best eCommerce Apps"

Insightful Accountant

Join Teresa Slack and myself for today's QB Talks as we take a 'deep-dive' into the 'five best' of the "Best" eCommerce integration apps. Bathing suits, scuba gear and deep-diving equipment are all optional.

52
article thumbnail

U.S. Commercial Insurance Rates Increased 5.6 Percent in Q4 2024

CPA Practice

The survey compares premiums for policies underwritten during the fourth quarter of 2024 to those for the same coverage in the respective quarter of 2023, providing a year-over-year perspective.

63
article thumbnail

In the blogs: Recovery mode

Accounting Today

Muni bonds and taxes; BE-10 time; a troubling history; and other highlights from our favorite tax bloggers.

Tax 52
article thumbnail

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.

article thumbnail

Why the Return of 5 Days in the Office is Unlikely for Many Workers

CPA Practice

The reasons for such arrangements often revolve around work-life balance: Employees have better ability to pick up kids from school, care for an aging parent and more when they can physically be anywhere and dont have to deal with commuter traffic.

payroll 55
article thumbnail

PCAOB names advisory group members

Accounting Today

The Public Company Accounting Oversight Board today appointed members of the Investor Advisory Group and the Standards and Emerging Issues Group.

Account 52
article thumbnail

FlexTecs Updates AI Solution to Automate Supplier Reconciliation

CPA Practice

Initially introduced with a focus on payment error prevention, FlexTrap has now expanded into a fully extensible platform, introducing supplier statement reconciliation to further reduce financial leakage and improve financial operations.

article thumbnail

Internal auditors want role in US's AI action plan

Accounting Today

The Institute of Internal Auditors is asking the federal government to give the internal audit function a key role in providing assurance over the use of artificial intelligence as part of a nationwide action plan.

auditor 52
article thumbnail

Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.