Tue.Jun 24, 2025

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Top 6 Benefits of Outsourcing Accounting Services for Your Business in 2025

Analytix Finance & Accounting

Let’s face it: managing accounting of your small-to-medium business in-house can be a challenge. You’re juggling endless spreadsheets. Tracking expenses. Meeting tax deadlines. All while trying to actually run your business. But here’s the thing… Outsourcing your accounting isn’t just a convenience anymore — it’s becoming a competitive advantage in 2025.

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AI is changing how students prepare for the accounting workforce

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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The corporate tax GenAI evolution: Five key tensions your department should address

ThomsonReuters

Highlights: Corporate tax leaders express strong enthusiasm for generative AI but face significant challenges in its effective adoption. A substantial gap exists between corporate tax professionals’ belief in GenAI’s utility and its actual widespread implementation. Departments rarely measure GenAI’s return on investment and often lack essential governance policies for its use.

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Updates in Proposed Senate Tax Bill Would Impact Not-for-Profit and Other Tax-Exempt Organizations

Withum

In May, the House passed “The One, Big, Beautiful Bill,” which contains broad provisions impacting many areas of taxation, including tax-exempt organizations. On June 17, 2025, the Senate Finance Committee released its version of the sweeping tax package. Both versions include broad tax reforms that impact tax-exempt organizations, but there are significant differences in key provisions.

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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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes?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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The corporate tax GenAI evolution: Five key tensions your department should address

ThomsonReuters

Highlights: Corporate tax leaders express strong enthusiasm for generative AI but face significant challenges in its effective adoption. A substantial gap exists between corporate tax professionals’ belief in GenAI’s utility and its actual widespread implementation. Departments rarely measure GenAI’s return on investment and often lack essential governance policies for its use.

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Stripe and sales tax: What you need to know

TaxConnex

Recent developments in payment platforms and tax regulations have brought increased attention to the IRS reporting requirements triggered by lower income thresholds. With these changes in mind, it's important to consider how using a payment platform impacts the collection of sales tax. One such platform is Stripe, a payment processor that works and worldwide and allows merchants to receive payments via debit or credit cards, mobile wallets, ACH and buy-now pay-later services.

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10 mistakes you’ll want to avoid when quoting fees

Mark Lee

Quoting fees can feel like playing darts blindfolded. You hope for the bullseye, but more often than not, you end up way off target. Maybe charging so much that you lose the prospect. Then there are those occasions when you kick yourself if a prospect agrees immediately to your fee quote, making you think you might not have charged enough! It’s not easy getting your fees right so that they are fair to you and to your clients.

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Xero to acquire Melio: A payments game-changer for small businesses across the US

Xero

For small businesses, we know that efficient, accurate, and seamless workflows are non-negotiable — especially when it comes to making payments. After all, paying bills and managing cash flow are two crucial tasks, and when managed effectively hand-in-hand, small businesses thrive. But these tasks shouldn’t be a manual headache. We also know that more than 70% of US SMBs place a high importance on having their accounting and accounts payable software tightly integrated, but only a small mi

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Key Q3 2025 Tax Deadlines for Startups

BurklandAssociates

By preparing for these Q3 tax deadlines now, your startup can avoid costly missteps and stay focused on achieving year-end goals with confidence and clarity. The post Key Q3 2025 Tax Deadlines for Startups appeared first on Burkland.

Tax 147
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In the blogs: Here to stay

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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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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Pass-Through Entity Owners Likely To See Tax Increase Under Senate Bill

Withum

The Senate Finance Committee released its markup of the One Big Beautiful Bill last Tuesday, June 17, 2025, with the expectation that the Senate will vote on the bill sometime this week. Three provisions that will have a direct impact on pass-through entity owners, including limitations on the deductibility of state pass-through entity tax payments at the individual level, maintaining the Section 199A deduction at 20% (versus 23% as provided in the House bill), and limiting the deductibility of

Tax 72
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AI, Niches, and Reclaiming Your Freedom with Reza Hooda

Canopy Accounting

What if you could run your entire firm in under 3 hours a week? That’s exactly what Reza Hooda has done, and in a recent episode of the Practice Success Podcast , he shared the exact shifts that made it possible. From ditching the billable hour to using AI to write content, Reza’s insights are a wake-up call for an accountant stuck in the old way of working.

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AICPA Submits Recommendations to Senate Finance Committee on Reconciliation Bill

CPA Practice

The AICPA submitted a letter to Senate Finance Committee leadership which included its endorsements, its concerns regarding the PTET SALT deduction, its request for clarification of the SALT proposal and two other recommendations.

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Ask Jason Staats Anything

Canopy Accounting

Join us for a conversation with one of accounting's most influential voices: Jason Staats. In this session, Canopy CEO Davis Bell will sit down with Jason to tackle your most pressing questions about running an accounting firm today and where the profession is heading 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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What happens if I can’t pay my tax liability?

Menzies

Menzies LLP - A leading chartered accountancy firm. Occasionally, no matter how well you think you might have planned, a tax bill can come as an unexpected surprise. In circumstances where you are not able to pay by the deadline, its important to know what options are available to you as a taxpayer. We discuss some of the routes you can take below as well as what happens when you are unable to reach an agreement with HMRC.

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Forvis Mazars Launches U.S. Financial Services Regulatory Center

CPA Practice

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk

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HMRC Brief – update to VAT recovery position of pension fund management costs

Menzies

Menzies LLP - A leading chartered accountancy firm. HMRC has recently published a policy paper updating the VAT recovery rules in relation to the management of pension funds. The brief is relevant to businesses that provide pension funds for their employees, pension administration and asset management service providers, pension fund trustees and pension providers.

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Xero to Acquire Melio, a Leading U.S. SMB Bill Pay Solution

CPA Practice

The acquisition is expected to be funded through a mix of cash and equity. The upfront consideration will be US$2.5 billion (A$3.9 billion) in cash and equity consideration.

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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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ACFE hosts fraud fighters

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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Grant Thornton Releases First Digital Transformation Survey

CPA Practice

Grant Thornton’s Digital Transformation Survey draws on insights from more than 550 cross-functional senior executives across industries, focusing on tech alignment, investment priorities, return on investment (ROI) metrics and integration challenges.

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PCAOB permanently bars repeat offender

Accounting Today

The Public Company Accounting Oversight Board sanctioned the firm Michael T. Studer CPA and Michael Studer for repeat violations related to a 2019 audit.

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RSM US Launches New AI-Powered Tax Platform

CPA Practice

The top five accounting firm said its new myRSM Tax ecosystem "demonstrates how cutting-edge AI is transforming client service, streamlining operations, and empowering professionals across the firm.

Tax 71
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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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PwC Addresses the Imminent Death of the Penny

Going Concern

For all the tedious interpersonal politics, BS work-life balance, and client drama within Big 4 machinery we’ve been writing about since 2009, sometimes we forget that firms do, from time to time, offer useful guidance and insight on topics not directly related to professional services and their petty internal squabbles. Like the imminent death of the United States penny.

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Report Reveals Widening Performance Gaps Driven by AI Acceleration and Platform Connectivity 

CPA Practice

66% of companies view their PSO as a profit center (up 3 percentage points from 2024), and the segment of firms targeting elite 40%+ margins is set to more than double in 2025.

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Practical Guide to Starting an Accounting Practice

Accounting Web

General practice Tags Automation Leadership and strategy Start up in practice

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Quinn AI Financial Advisory Platform Raises $11 Million Seed Funding

CPA Practice

Quinn was founded by a team of technology veterans with over 15 years of experience in fintech and 20 years of experience in machine learning and complex data systems.

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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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New thresholds for off-payroll working

Inform Accounting

The off-payroll working rules apply where a worker provides their services to a medium or large private sector company or to a public sector body through an intermediary, such as a personal service company. To comply with the rules, the end client must undertake a status assessment.

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ProfitSolv Gets Outside Investment From FTV Capital

CPA Practice

ProfitSolv announced on June 24 a significant strategic investment co-led by growth equity firm FTV Capital and Lightyear Capital, an existing investor in the company since it launched in 2020.

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Audit reform comes to the fore in Industrial Strategy

Accounting Web

Financial reporting

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House vs. Senate: Variations on the 'Big Beautiful Bill'

Accounting Today

The distinctions between the two versions of the Trump tax bill aren't huge, but they could still make a big difference.

Tax 80
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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.