Mon.Jun 02, 2025

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Why Ecommerce Accounting Is a Missed Opportunity for Most Firms

Insightful Accountant

Ecommerce isnt just boomingits reshaping how modern businesses are built. Platforms like Shopify, Amazon, and TikTok Shop have lowered the barrier to entry, enabling thousands of new brands to launch each month.

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Best Practices for Prompt Engineering in NetSuite AI Applications 

Withum

As NetSuite users continue to explore and integrate artificial intelligence (AI) into their enterprise resource planning (ERP) systems, understanding how to effectively communicate with AI becomes crucial. One key skill in this evolving space is prompt engineering. As NetSuite continues to roll out more AI application updates, its a good time for users to explore prompt engineering in NetSuite and how it can be leveraged in AI applications for NetSuite users.

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IRS Calls 2025 Tax Season ‘Successful’ Despite Staff Cuts, Revolving Door of Leaders

CPA Practice

The IRS completed a "successful 2025 filing season" with 87% of taxpayer phone calls answered by customer service representatives and average wait times of three minutes, the agency said last week, despite workforce reductions and leadership changes that have put the IRS at times in a state of turmoil.

Tax 66
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7-Figure Firm, 4-Hour Workweek: 5 Questions to Ask Yourself

Canopy Accounting

Are you running a successful accounting firm and running yourself into the ground? If youre an accounting firm owner logging 60+ hour weeks to keep things afloat, youre not alone (one survey found 99% of accountants have felt burnout).

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How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

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Xero and Tallyfor Integrate to Streamline Business Tax Preparation

CPA Practice

To enable accounting partners to experience these powerful benefits firsthand, Xero is offering 12 months of complimentary access to Tallyfors tax workflow tool.

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AI Startup That Went Bust Was Allegedly Actually Indians and May Have Inflated Revenue Too

Going Concern

Oh no, not this again ! This story is making the rounds today and it’s highly relevant to the audience not just because AI is being shoved down everyone’s throats including accountants’ You’ll see why in a minute. First, the quick story of what’s happening with Builder.ai: The Natasha neural network turned out to be 700 Indian programmers The startup BuilderAI offered to write any application, like in a constructor, by selecting the necessary functions.

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Rillet Raises $25M Series A from Sequoia Capital to Bring AI to Mid-market Accounting

CPA Practice

This round, which comes 10 months after Rillet's last fundraise, includes existing investors First Round Capital, Creandum, Susa Ventures and top angels.

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Tax Strategy: Provisions of the House bill the Senate is most likely to scrutinize

Accounting Today

The most critical deadline Congress is facing is enactment of additional government borrowing authority before the current authorization limit is reached.

Tax 59
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PKF O’Connor Davies Adds Rainer & Co. in Pennsylvania

CPA Practice

The top 30 accounting firm said on June 2 it has acquired Rainer & Co., a regional CPA firm with offices in Newtown Square and West Chester in Pennsylvania.

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In tax and tariff unknowns, experts see opportunity for advisors

Accounting Today

Some experts are stumped about the outlook for the One Big Beautiful Bill Act in the Senate and the possible form of tariffs. It's no wonder retail investors are spooked.

Tax 64
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You upgrade everything else. Why not your close process?

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.

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Payroll-to-revenue Ratio: Should 15% – 30% of Revenue Go to Paying Your Team?

Patriot Software

Are you spending too much of your companys hard-earned revenue on payroll expenses? You can use the payroll-to-revenue ratio to find out. The payroll-to-revenue ratio can help you gauge efficiency and profitability for improved decision-making. Read on for the formula, steps to calculate it, and more.

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A new era at the IRS after mass layoffs?

Accounting Today

Billy Long's confirmation process to take the helm of the Internal Revenue Service is well underway, running alongside mass layoffs and other regulatory moves.

Tax 117
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Sage Launches Supply Chain Intelligence to Enhance SMB Operations

Insightful Accountant

Sage, a leader in accounting, payroll, and HR software for small and mid-sized businesses, today introduced Sage Supply Chain Intelligence, helping operating teams reduce delays by 35% and more.

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PwC troubles in China deepen

Accounting Today

The Big Four firm faces an exodus of Hong Kong partners amid the fallout from its audit of Evergrande.

audit 52
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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.

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LPGA Names Sage Official Finance Software Partner

Insightful Accountant

Sage, a leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs), and the Ladies Professional Golf Association (LPGA) today announced a new multi-year partnership.

Finance 52
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Staying independent in the age of private equity

Accounting Today

Why some accounting firms are determined to remain "fiercely independent," and how they're doing it.

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Navigating Tax Reform: Keeping up with Shifting Tax Laws and Tariffs

CTP

2025 has been a rollercoaster ride on many fronts, including in the tax world. Todays news headlines are filled with tariff announcements, proposed tax bills, and potential policy changes that affect the vast majority of taxpayers. Amid the constant upheaval, how can tax planners even begin to formulate a plan? When so many key tax deductions might be here today, gone tomorrow, how can you reassure your clients that tax savings are still possible?

Tax 59
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Private equity in accounting: The end of the beginning

Accounting Today

The first wave of PE investments in the accounting space is coming to the end, and it's time to see what direction it will take next.

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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.

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Riding the Tax Reform Rollercoaster: Keeping Up with New Tax Laws and Tariffs

CTP

2025 has already been a year of tumult for small business owners and taxpayers in general. News headlines seem to shift daily with new tax proposals and predictions about the future of tariffs. For most of us, the question is how does this affect our bottom line? How can we plan for the future of our businesses with so many tax questions up in the air?

Tax 52
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Intuit attributes rapid growth to tax, AI

Accounting Today

Tax and accounting software giant Intuit reported strong third quarter growth, with the company reporting total revenue of $7.8 billion, an increase of 15%.

Tax 69
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Sage Acquires Anvyl for Supply Chain Technology Solutions

CPA Practice

Anvyls end-to-end supply chain software will allow Sage to deliver a cost-effective Supply Chain Execution (SCE) solution that provides SMBs with complete visibility across their entire supply chains

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Thomson Reuters launches AI agent platform with tax and accounting solutions

Accounting Today

Thomson Reuters announced its entry into the agentic AI arena with CoCounsel for tax, audit, and accounting professionals, the first step in a wider rework centered around the integrating of AI agents.

Tax 45
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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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Pannell Kerr Forster of Texas, P.C. Joins Practice With Withum 

Withum

Withum breaks into Texas and adds energy and oilfield service expertise. Withum is excited to announce that on June 1, 2025, Pannell Kerr Forster of Texas, P.C. (PKF Texas), a public accounting, tax and business advisory firm headquartered in Houston, TX, joined its practice with Withum. PKF Texas 20 partners and approximately 160 team members will join the Withum roster and remain at their Houston, TX, office located at 5847 San Felipe St., Ste. 2600. “We are very excited and eager to bec

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Art of Accounting: My 600th and final column

Accounting Today

Ed Mendlowitz bids farewell to his weekly column after 11 and a half years of sharing his experiences and wise advice for his fellow accountants.

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High-Growth Accounting Firms Spend Twice as Much on Marketing, Study Finds

CPA Practice

A recent study from the Association for Accounting Marketing and Hinge Marketing suggests a strong correlation between the level of marketing spend and revenue growth at accounting firms.

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Picking the right PE partner

Accounting Today

Accounting firms need to ensure that their unique goals are met when making a private equity deal.

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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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Consumer Spending Slows in April As Tariffs Cause Imports to Drop Rapidly

CPA Practice

U.S.consumers hit the brakes in April while goods imports plummeted by a record as companies adjusted to higher tariffs.

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Ascend adds firms in Florida and California

Accounting Today

Both Regional Leader Saltmarsh, Cleaveland & Gund and Glenn Burdette joined the private equity-backed accounting firm, effective June 1.

Florida 52
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Wolters Kluwer Launches TeamMate+ AI Editor

CPA Practice

The generative AI writing engine is designed to enable auditors to enhance the quality of audit documentation while ensuring data protection and safeguards.

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Senate begins putting stamp on Trump tax bill

Accounting Today

Significant changes are in store for President Donald Trump's signature $3.9 trillion tax-cut bill.

Tax 90
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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.