Tue.Jun 10, 2025

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Gen AI Boosts Accounting and Audit Firm Efficiency

Accounting Web

Tools purpose-built for accounting and auditing can improve the quality and efficiency of your work.

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Pitfalls of sales tax compliance: in-house resources

TaxConnex

Many companies don’t think about how to handle sales tax obligations until it’s too late. Previously we looked at how such back-office functions as the general ledger , tax calendar and billing system can cause problems with your sales tax compliance. Is it worth your time to pay attention to all these potential potholes? “It’s just sales tax. It’s just putting a number on a form,” you might say.

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RSM announces $1B agentic AI investment

Accounting Today

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

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Don’t Pass Up Form 8300 Filing Requirements

CPA Practice

A company that sells automobiles through an auction house claimed a software glitch outside of its control led to the non-filing of Form 8300. Did the Tax Court give the company a pass?

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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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Want a Real Edge? Fix Your Startup Board

BurklandAssociates

Most founders underuse their boards. Here’s how to build a startup board that challenges you, supports you, and helps your company grow. The post Want a Real Edge? Fix Your Startup Board appeared first on Burkland.

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11 CPA Candidates Take Home Elijah Watt Sells Award for 2024

CPA Practice

More than 74,000 individuals sat for the CPA exam last year, but only 11 met the criteria to receive the prestigious Elijah Watt Sells Award from the AICPA and NASBA.

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Many Accountants Fear Their Firms Will Cut Headcount by Over 20% in the Next Five Years

CPA Practice

More than half (52%) of accounting professionals expect their firms' headcounts will be at least 20% smaller in the next five years, with fewer entry-level employees expected to be needed in the future, according to a new report from the Indiana CPA Society and CPA Crossings.

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Climate risk could slash earnings 7% by 2035

Accounting Today

Extreme weather events like wildfires and hurricanes could drop corporate earnings up to 7.3% by 2035, KPMG's 2025 Futures Report found.

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From Panic to Planning: Taking Control of Your Burn and Runway

Basis 365

Let’s start with a familiar feeling: You’re preoccupied with running your business, trying to grow, trying to hire, trying to build something great. And then it hits you, your bank balance doesn’t look like it used to. You pause. You ask yourself, “How long can we last at this pace?” And if that question makes your stomach flip, you’re not alone. Far too many business owners and founders don’t actually know their burn or their runway, two numbers that can make or break your next big move.

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Sage releases AI Trust Label, calls for AI certification

Accounting Today

Accounting solutions platform Sage announced that its products will come with a new "AI Trust Label" meant to provide customers with accessible information on how AI functions across its product line.

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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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Advancing Your Firm’s Tech Stack: Where Does Your Firm Stand and How Can You Improve?

Canopy Accounting

In this webinar, hosted by Rightworks and Canopy, we’ll break down the three major stages of your firm’s tech journey: from manual processes and ad hoc tech workflows to a fully automated, secure, and cloud-hosted firm. Plus, hear real-world examples of firms we’ve worked with that have made the shift and the lessons they learned along the way.

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M&A roundup: Plante Moran, Sax and GHJ expand

Accounting Today

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

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A Complete Guide to Digital Accounting for Firm Owners

Ryan Lazanis

If you’re still buried in paper documents and manual tasks, this guide’s for you. In this article, I’ll show you […] The post A Complete Guide to Digital Accounting for Firm Owners appeared first on Future Firm.

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3 Ds for better decision-making

Accounting Today

Many times in professional services firms — and in our own lives — we spend a lot of time talking about doing something, but don't actually do it. Why?

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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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Next steps: Is voluntary payrolling an option?

Accounting Web

For employers, bookkeepers, accountants and agents, the delay to mandatory payrolling of taxable expenses and benefits is welcome but a sign that it is

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Pricing lessons: What the winners do differently

Accounting Today

When you protect your staff from problematic clients through higher pricing or firing clients who can't work well with the firm, you send a strong message.

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IRS Extends Tax Deadlines for Victims of Oklahoma Wildfires

CPA Practice

Those impacted by the wildfires that destroyed at least 530 homes and businesses in parts of Oklahoma last March will now have until Nov. 3, 2025, to file various federal individual and business tax returns and make tax payments.

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AICPA, NASBA recognize top CPA exam performers

Accounting Today

Eleven accountants were given the Elijah Watt Sells Award, granted to those who earn a cumulative average score above 95.50 across four sections of the exam.

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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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Rowan University Honors Chris DeMayo With Most Distinguished Alumnus Award

Withum

On May 10, 2025, Rowan University presented its highest alumni distinction, the Most Distinguished Alumnus Award, to Chris DeMayo , Chief Operating Officer, partner and board member at Withum. This award recognizes his exceptional professional achievements and dedicated service to the institution. The honor was presented during Rowan University’s main commencement ceremony, celebrating Chris’s significant professional accomplishments and valuable contributions to the University and society.

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The Evolution of Accounting Education: How One University is Taking On the Talent Gap

Insightful Accountant

For too many years, the accounting profession has been defined by its barriers to entry. From the 150-hour-rule to a notoriously difficult exam, it seems accounting education was designed with exclusivity in mind.

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What accountants need to know right now about open banking

Accounting Web

Are you an accountant looking for smarter ways to manage payments and boost your clients' businesses? You're in the right place.

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Master ChatGPT Prompts for Accounting Firms | Diane Gilson on AI in Practice (Part 2)

Insightful Accountant

In Part 2 of our 6-part AI series, host Gary DeHart welcomes back Diane Gilson—Top 100 ProAdvisor and founder of BuildYourNumbers.com—to explore “The Art of the Prompt” using ChatGPT.

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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.

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Assessing Tariffs with NetSuite: Landed Cost Automation and Foreign Trade Zone Integration

Withum

In a global trade environment shaped by unpredictable tariffs , disrupted supply chains and intensifying customs enforcement, importers face mounting pressure to protect margins and maintain compliance. Whether you’re dealing with Section 301 tariffs on Chinese goods or country-specific duty schemes, the cost to bring inventory in to the United States can vary significantly depending on its origin and final destination.

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Miley Cyrus hid drug purchases from accountant

Accounting Today

Miley Cyrus shared about her past drug use and how she hid those purchases from her accountant by calling them "vintage clothes.

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Recertify This Week - Exam Prep Webinar Tomorrow

Insightful Accountant

June 30, 2025, at 11:59 PM Pacific time is the deadline for QuickBooks ProAdvisor recertification. If your Level 1 or Level 2 certification was issued prior to November 1, 2024, you must recertify by June 30th.

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IRS updates procedures list for accounting changes

Accounting Today

Rev. Proc. 2025-23 updates the list of 'automatic procedures' for changes in methods of accounting.

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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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Ignition Unveils Plans for AI-Powered Pricing Feature

CPA Practice

Ignition unveiled early plans this week for what it calls "AI-powered pricing intelligence," a brand-new functionality the company is developing that could be released by the end of this year.

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HMRC could be the money-spinner we’re looking for

Accounting Web

This article was penned before Rachel Reeves formally delivered her comprehensive spending review, but will probably be read afterwards.

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SHOPLINE Partners With Avalara to Help Merchants Simplify Sales Tax Compliance

CPA Practice

E-commerce software-as-a-service provider SHOPLINE announced June 10 a new integration with Avalara to help merchants selling in the U.S. simplify sales tax calculation and filing.

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More Than Half of Audit Firm Partners Say They’re Seeing Headcount Reductions in Their Industry Niche

Going Concern

Center For Audit Quality, the Kool-aid distributors responsible for the Accounting+ initiative that should not be confused with the VR game of the same name , have released their latest Audit Partner Pulse Survey for spring 2025 and oh boy. We shouldn’t be surprised to find out audit partners at the largest public company audit firms in the US aren’t feeling rosy about the future but we didn’t realize they’d be this dour.

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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

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.