Reshaping the Future of Accounting: Our Strategic Partnership with The Modern Firm
Accounting Web
JUNE 23, 2025
Tech pulse Tags Growth and innovation Partnership Strategy
Mon.Jun 23, 2025
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Digits Rolls Out AI Agents for Accounting Workflows
CPA Practice
JUNE 23, 2025
Digits Accounting Agents embed AI agents to run entire accounting workflows from start to finish, pausing only when human judgment is necessary or desired, for firms on its Autonomous General Ledger.
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Inside GASB's far-reaching agenda
Accounting Today
JUNE 23, 2025
Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc
Management Company Series: How to Pay Partners – Guaranteed Payments vs. Distributions
Withum
JUNE 23, 2025
When establishing a new management company, one of the critical decisions you will face is how to compensate partners for their services: through guaranteed payments or distributions. Both methods are commonly used, but they have distinct tax implications. What Are Guaranteed Payments to Partners? Guaranteed payments are made by a partnership to its partners, irrespective of the business’s profitability.
You upgrade everything else. Why not your close process?
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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
IASB revises practice statement on management commentary
Accounting Today
JUNE 23, 2025
Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc
E-Invoicing Could Unlock $616 Billion in Global Economic Gains
CPA Practice
JUNE 23, 2025
A new study identifies a combined annual economic opportunity of $616 billion through productivity gains, faster payments, and reduced fraud, if businesses more effectively adopt e-invoicing practices.
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IRS Ends Automatic Penalties for Late Filing of Foreign Trust, Gift and Bequest Forms
Withum
JUNE 23, 2025
The IRS recently announced a significant policy change affecting taxpayers with foreign trusts, gifts and bequests. The IRS will no longer impose automatic penalties for late filing of Form 3520 and Form 3520-A. To qualify for this, a reasonable cause statement must be attached to these filings. Historically, late filers faced steep penalties, often without consideration of reasonable cause.
Is your firm overpaying for external hires?
Accounting Today
JUNE 23, 2025
Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc
IFRS Foundation Publishes Guidance on Disclosures About Transition Plans
CPA Practice
JUNE 23, 2025
The document builds on disclosure-specific material developed by the Transition Plan Taskforce (TPT), for which the IFRS Foundation took responsibility in 2024.
Passion, vision and hard work: Inside Jeff Weiner's success
Accounting Today
JUNE 23, 2025
Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc
AI In Accounting: A Practical Roadmap For Smarter AP
Speaker: Gerald Ratigan
The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.
Digits Launches AI Agents for its Autonomous General Ledger
Insightful Accountant
JUNE 23, 2025
Digits AI-native accounting platform has launched Digits Accounting Agents, embedding AI agents to run entire accounting workflows for firms on its Autonomous General Ledger® (AGL).
GASB gives guidance on pronouncements
Accounting Today
JUNE 23, 2025
Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc
Monday Morning Accounting News Brief: The Consulting Firm Going All In on AI; KPMG Finds Out Which Country Is Most AI Illiterate | 6.23.25
Going Concern
JUNE 23, 2025
Morning, y’all. I’m in Nashville this week for the ACFE Global Fraud Conference so please tell your firm leadership not to do anything exceptionally scandalous while my attention is divided ok? Thanks. If you’re also here come find me, I’ve got stickers. Spotted PwC’s new Formula 1-inspired logo at the Atlanta airport on my way here: Smh can't escape from reminders of work even at the airport.
Baker Tilly and Moss Adams: M&A to get better, not bigger
Accounting Today
JUNE 23, 2025
Firm leaders Jeff Ferro and Eric Miles give an inside look at their major deal, and the middle-market focused firm they're building.
Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026
Speaker: Sean Yoder
Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.
GASB Provides Guidance to Assist Stakeholders with Application of its Pronouncements
CPA Practice
JUNE 23, 2025
The guide contains new questions and answers that address application of GASB standards on leases, accounting changes and error corrections, conduit debt obligations, and cash flows reporting, among others.
Corporate Net Income Tax (CNIT) Reduction in Pennsylvania: A Boon for Law Firms
Withum
JUNE 23, 2025
Pennsylvania has embarked on a significant tax reform journey by reducing its corporate net income tax (“CNIT”) rate. This initiative aims to lower the CNIT rate from 9.99% to 4.99% by 2031. This reduction is part of a broader strategy to make Pennsylvania a more attractive destination for businesses, including law firms, by easing the tax burden and fostering a more competitive business environment.
IASB Issues Revised Practice Statement on Management Commentary
CPA Practice
JUNE 23, 2025
The revised Practice Statement supports improvements to and greater global alignment in management commentary and narrative reports accompanying the financial statements.
Digital Transformation in Accounting: The Path Forward
Canopy Accounting
JUNE 23, 2025
Commit to the future of accounting. This eBook gives specific tactics accounting firms can use to effectively transition to digital.
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
IRS Notice LT36: What 525,000 Federal Employees Need to Know About This Urgent Tax Compliance Alert
MyIRSRelief
JUNE 23, 2025
The Internal Revenue Service has launched one of its most significant compliance initiatives in recent years, targeting current and retired federal employees who may be falling behind on their tax obligations. IRS Notice LT36, marked with the stark warning of an “Urgent outstanding tax issue,” has been dispatched to approximately 525,000 federal workers, including military retirees, signaling a major enforcement effort that demands immediate attention.
10 strategies for accounting success
Accounting Today
JUNE 23, 2025
In honor of the end of Ed Mendlowitz's "The Art of Accounting," here are a double-handful of his most impactful columns.
Grant Thornton US Keeps Growing Multinational Platform
CPA Practice
JUNE 23, 2025
The top 10 firm said last week it's in the process of adding sister firms in Switzerland, Liechtenstein, and the Channel Islands to the multinational platform of firm affiliates the U.S. business created when it acquired Grant Thornton Ireland late last year.
Revolutionise Your Payments: Introducing Xero Tap to Pay
Inform Accounting
JUNE 23, 2025
As a small business owner, you're constantly looking for ways to streamline operations, get paid faster, and improve your cash flow. We at Inform Accounting are always on the lookout for innovations that genuinely make a difference, and Xero's recently launched "Tap to Pay" feature is certainly one of them!
Live Demo - Supercharge your Month End Close
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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
Late Payments Cripple Small Accountancy Firms, GoCardless Survey Reveals
Accounting Web
JUNE 23, 2025
General practice Tags Cashflow Payments Small firm
Chris Passmore Named Top Leader on Los Angeles Business Journal List for Third Consecutive Year
Withum
JUNE 23, 2025
Withum is proud to share that the Los Angeles Business Journal (LABJ) has named Chris Passmore to it’s LA500 List for the third consecutive year, in 2025. The annual LA500 list highlights the most influential and impactful business leaders shaping the Los Angeles business region. It focuses on each honoree’s title and their involvement in the business community and the greater California professional landscape.
PCAOB Gets New Life—For Now—Thanks to an Unlikely Source
CPA Practice
JUNE 23, 2025
Republican lawmakers' plan to fold the PCAOB into the SEC hit a snag last Thursday when it was determined in the Senate that the provision in the GOP tax-and-spending bill violates the "Byrd Rule.
Expert insights on navigating unemployment insurance challenges amid remote work and fraud
ThomsonReuters
JUNE 23, 2025
In the ever-evolving landscape of state unemployment insurance (SUI), payroll professionals are faced with a growing array of challenges. From the rise in fraudulent claims to the complexities associated with remote work, it is essential to stay compliant while minimizing tax liabilities through a strategic and informed approach. Recently, Checkpoint Payroll Update spoke with Brian Barnett, Senior Account Executive at ValeU Group, to discuss best practices in SUI tax planning.
Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback
Advertiser: Paycor
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.
Senate readies tax bill as holdouts threaten delay
Accounting Today
JUNE 23, 2025
President Trump's tax-and-spending agenda is nearing a climactic vote in the Senate this week.
Providing corporation tax as a service with software
Accounting Web
JUNE 23, 2025
Practice strategy Tags Business advice Capium Corporation tax
Big Frauds Start Small
FraudFiles
JUNE 23, 2025
Take a look at the frauds in the news, and most of them are huge. Huge frauds make huge news. As investors and the general public demand more transparency from companies and executives, the issue of fraud is being talked about more than ever. Everywhere we turn, the word fraud is rearing its ugly head. [.
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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