ThomsonReuters

MARCH 17, 2025

Blog home With regulatory bodies intensifying their focus on audit quality , todays audit professionals face a growing level of scrutiny around their work. With so much at stake, firms of all sizes must seize on every advantage they can find. But where do you start? To adapt to an industry in flux, audit professionals must harness modern solutions that offer robust documentation frameworks, advanced technology, and proven audit methodology.

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audit auditor Technology financial statements 52

Withum

MARCH 17, 2025

These days, nothing is more fluid in the United States than the term tariffs. While debate can be had on the macroeconomics and impacts of tariff policy on the U.S. economy, the tariff discussion appears to be ongoing for the foreseeable future. Because of this, business owners and managers will need to contemplate the impacts of tariffs on their financial reporting process.

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financial statements Manufacturing Non-Profits Tax 95

Going Concern

MARCH 17, 2025

Morning, people. 29 days to go until April 15. Got some bad news. We are, in fact, getting dumber : Though there has been a demonstrably steep decline in cognitive skills since the COVID-19 pandemic due to the educational disruption it presented, these trends have been in evidence since at least the mid-2010s, suggesting that whatever is going on runs much deeper and has lasted far longer than the pandemic.

Oklahoma 71

Oklahoma accountant Account accounted 71

Withum

MARCH 17, 2025

On March 12, 2025, the Securities and Exchange Commission (SEC) issued a no-action letter which provided assistance for issuers and investment funds relying on Rule 506(c) of Regulation D. While prior guidance existed on the application of minimum investment amounts as a factor in determining whether an issuer has satisfied the requirement to take reasonable steps to verify purchasers accredited investor status, further clarification has now arrived.

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tax return Legal CPA Finance 59

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.

Finance

CTP

MARCH 17, 2025

Partnerships are a commonly misunderstood business structure. Because they are perceived as complicatedand sometimes they can bemany entrepreneurs shy away from this entity type and miss out on the many benefits they have to offer. What makes partnerships distinctive? Partnerships are pass-through entities, so they are not subject to corporate income tax.

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Tax Real Estate income tax corporation tax 52

5 Minute Bookkeeping

MARCH 17, 2025

If youve ever opened a clients QuickBooks file only to find a mess of uncategorized transactions, undeposited funds, unapplied payments, or miscategorized expensesyoure not alone. Its easy to feel overwhelmed. But the ability to diagnose these issues is what truly sets great bookkeepers apart. Its more than just identifying errors; its about understanding the root cause and knowing exactly how to fix it.

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bookkeeping quickbooks bookkeeping services Education 52

CPA Practice

MARCH 17, 2025

This year, 44 participating state CPA societies sent more than 1,200 volunteer accounting professionals to 895 schools across the country.

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CPA accountant Account accounted 119

Accounting Today

MARCH 17, 2025

This month, the Internal Revenue Service is predicting a rise in tax scams for 2025, and added four new eligible counties for foreign income exclusion.

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Tax 111

CPA Practice

MARCH 17, 2025

In total, the agency has sent out more than 43.6 million refunds to taxpayers, up 1.5% compared to March 8, 2024. The average refund amount sits at $3,3245.7% higher than last year.

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Tax income tax 94

Accounting Today

MARCH 17, 2025

Small businesses may have been caught unawares by the earlier tax deadline for filing their taxes, but they can still file for an extension.

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Tax 59

Advertiser: Paycor

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.

CPA Practice

MARCH 17, 2025

Catherine Halie Creps, a partner in KPMGs Department of Professional Practice, will assume her duties at the end of May.

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audit Account accountant accounted 93

Accounting Today

MARCH 17, 2025

Acronyms like CRT, CRAT, CRUT and NICRUT could have many clients' heads spinning. Here's a guide to the key pros and cons for financial advisors to consider.

Tax 59

Tax 59

CPA Practice

MARCH 17, 2025

The PCC, the group that advises the Financial Accounting Standards Board on private company accounting matters, has published its 2024 Annual Report to highlight its accomplishments and activities.

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accounting standards financial accounting accountant Account 82

Patriot Software

MARCH 17, 2025

At some point, you may consider going public if your business is private. When you “go public,” you go through an IPO process. So, what is an IPO? Read on to learn the ins and outs of an IPO, what the process entails, and the pros and cons of going public. What is an IPO?

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Account accountant accounted 59

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.

Technology

CPA Practice

MARCH 17, 2025

A new poll from marketing research firmSavanta reveals that a strong majority of Americans want tax reform, with 70% saying they prefer a simpler tax code instead of the current overcomplicated and stressful U.S. tax system.

Tax 79

Tax tax preparation income tax 79

Insightful Accountant

MARCH 17, 2025

Have you voted for the 2025 ProAdvisor Awards? More than 3000 votes have already been cast for this year's candidates for both U.S. and International award candidates. Don't miss the opportunity to vote for the awards.

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CPA Practice

MARCH 17, 2025

By partnering with a proven IT advisor, firms gain astrategic IT advantagethat enhances performance while controlling costs.

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Insightful Accountant

MARCH 17, 2025

As owners of accounting firms and tax practices, you're uniquely positioned to guide clients beyond compliance and into strategic business enhancement. The emerging research on workplace wellbeing presents a compelling opportunity.

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Tax accountant Account accounted 52

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.

Spend Management

CPA Practice

MARCH 17, 2025

The IRS has extended the filing deadline to Nov. 3, 2025, for individuals and businesses in six West Virginia counties that were affected by severe storms, flooding, landslides, and mudslides that began on Feb. 15.

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West Virginia Virginia Tax income tax 74

Accounting for Good

MARCH 17, 2025

One of the most common questions Not-for-Profit (NFP) managers ask is: Why doesnt my Profit & Loss (P&L) statement match my cash balance?

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CPA Practice

MARCH 17, 2025

What makes Southwest Airlines different? Not much anymore. Starting May 28, flyers will have to pay extra for baggage, assigned seats and other items, just like every other airline.

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Accounting Today

MARCH 17, 2025

Take the long view with your practice and don't miss any opportunity to train a staff person properly, as shown in these three memorable anecdotes.

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accountant Account accounted Tax 52

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.

financial statements

CPA Practice

MARCH 17, 2025

The collaboration combines Boostscross-border payment solution,Boost 100XB, with TransferMates globally regulated payments infrastructure to help increase industry-wide commercial card usage and adoption.

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accounts payable Account accountant accounted 52

Accounting Today

MARCH 17, 2025

To prepare for a GenAI-driven future, businesses must maintain impeccable, validated and standardized investment data.

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accountant Account accounted 52

FraudFiles

MARCH 17, 2025

Financial statement fraud impacts any person or organization that has a financial interest in the success or failure of a company. A manipulation of the companys reported earnings or assets can affect a bank that extends credit to the company, a shareholder who invests money in the company, and those organizations that enter into contracts [.

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financial statements 52

Accounting for Good

MARCH 17, 2025

Preparing an annual budget is critical for any Not For Profit (NFP) organisation.

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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.

Finance

Accounting Today

MARCH 17, 2025

The continuing resolution that the Senate narrowly approved included a $20.2 billion cut in the Internal Revenue Service's budget, the third such cut since 2023.

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Tax 117

CPA Practice

MARCH 17, 2025

Since the Unleashing American Energy and Regulatory Freeze Pending Review" executive orders were issued, there has been much speculation on how they will impact green energy funding and incentivesespecially via tax creditsin the Inflation Reduction Act.

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Tax business tax 68

Accounting Today

MARCH 17, 2025

The stopgap funding bill paves the way for Republican lawmakers to pivot to signature border and tax bills they seek to pass in the coming months.

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Government Tax tax planning 64