Tue.Mar 18, 2025

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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.

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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.

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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.

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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
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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.

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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.

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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

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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
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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.

Account 100
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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.

Account 107
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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
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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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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
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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
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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.

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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
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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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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
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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.

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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.

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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
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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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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.

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FlexTecs Announces FlexTrap Statement Reconciliation

Insightful Accountant

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

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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.

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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.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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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.

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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
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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.

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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
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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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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
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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
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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.

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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
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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R