Thu.Jun 12, 2025

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Accountants’ Recent Pessimism Driven by Economic and Policy Uncertainty

CPA Practice

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Why Choose Thomson Reuters ONESOURCE for your Indirect Tax Needs?

ThomsonReuters

When Adobe set out to remove 40% of the customization from its SAP system for managing indirect taxes, Thomson Reuters ONESOURCE Determination was the only solution that could meet its compliance needs and address the growing complexity of sales and use tax, VAT, GST, and industry and country-specific tax and business requirements around the world. It’s a decision that paid big dividends.

Tax 52
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What to Do When the Future Looks Scary (Again)

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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IRS extends deadline on crypto broker reporting and withholding

Accounting Today

The Treasury Department and the IRS are giving brokers additional time to comply with requirements to report on digital asset sales and withhold taxes.

Tax 89
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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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Proposed Tax Bill Reinstates Immediate Expensing for Domestic R&E Expenditures Under Section 174

Withum

The House of Representatives recently passed “The One, Big, Beautiful Bill,” which addresses expiring provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and implements broader changes to U.S. tax policy. The bill includes a much-anticipated provision for businesses: the temporary reinstatement of immediate expensing of domestic research and experimental (R&E) expenditures under section 174 for expenditures paid or incurred in taxable years beginning after December 31, 2024.

Tax 72
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Tax Fraud Blotter: Sick excuses

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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Tax Industry Groups Urge Treasury to Prioritize IRS Stability

CPA Practice

A coalition representing tax professionals urged the Treasury Department in a letter to take immediate steps to preserve core IRS functions—for both taxpayers and practitioners—amid workforce reductions at the tax agency.

Tax 71
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Top Remote Tax and Accounting Candidates of the Week | June 12, 2025

Going Concern

Struggling to Find Remote Accounting Talent? We’ve Got You Covered. If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you’re not alone—and you’re not out of options. Accountingfly’s Always-On Recruiting gives you immediate access to a curated pool of top remote candidates— with no upfront cost.

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Indiana CPA Society Unveils Workforce Transformation Report: Reimagining the Future of Accounting Firms

CPA Practice

This report urges accounting firms to abandon outdated pyramid business models and adopt a new “Inverted Pentagon” structure focused on specialization, retention and innovation.

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Pitfalls of sales tax compliance: returns

TaxConnex

April’s federal Form 1040 probably comes first to mind when anyone thinks about tax returns. As your business starts to sell into more states, though, you’re going to need to file another type of form: states’ sales tax returns. Previously, we looked at the importance of such back-office functions as your general ledger in making sure you stay compliant with sales tax collection from customers (and remittance of the cash to tax jurisdictions).

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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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Maximizing Business Growth with Financial Planning and Analysis (FP&A)

AccountingDepartment

When it comes to scaling and growing your business, understanding and managing your finances is more crucial than ever. Financial Planning and Analysis (FP&A) services from AccountingDepartment.com offer small to medium-sized businesses (SMBs) a powerful tool to not just survive but thrive in an increasingly competitive market.

Finance 90
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How AI can help solve accounting's labor shortage

Accounting Today

Companies are desperate for ways to keep their quality of service high, even though they have smaller teams. Artificial intelligence (AI) is one possible answer.

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Smart Strategies to Drive Demand for Niche Accounting Services

CPA Practice

How niche accounting firms use demand generation strategies to build awareness, grow revenue, gain visibility, and build a pipeline in their specialty market.

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Technology as the cornerstone for small and mid-sized firms

Accounting Today

A survey by the Center for Accounting Transformation found the most significant factor consistently associated with firm success is technological leadership.

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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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Sage and Village Capital Award $170,000 to Purpose-Driven Startups

CPA Practice

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ISSB standards adopted more widely across globe

Accounting Today

The International Financial Reporting Standards Foundation has posted profiles of 17 of the 36 jurisdictions that have either adopted or used the disclosures.

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Senate Confirms Billy Long as IRS Commissioner

CPA Practice

The former Missouri lawmaker won confirmation on June 12 to be the next commissioner of the IRS, leading an agency that will play a key role in administering new tax breaks if Congress passes the “big, beautiful” reconciliation package.

Missouri 115
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PCAOB sanctions firm, partner on five audits

Accounting Today

The Public Company Accounting Oversight Board sanctioned Heaton & Co. and one of its partners, Kristofer Heaton, for failing to properly document five audits.

audit 59
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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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Vertex Joins Oracle’s Enhanced Partner Network Program

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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How to ERP: Acumatica Pricing (continued)

Insightful Accountant

In a prior edition of "How to ERP," we told you about the unique pricing structure of Acumatica. For example, Acumatica does not charge on a 'per User, per month' basis.

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Kelsey Thomas of Withum Honored With Emerging Leader Award by the M&A Advisor

Withum

Withum is proud to announce that Kelsey Thomas , Senior Manager in the Firm’s Transaction Advisory Services Team, has received an esteemed Emerging Leader Award from The M&A Advisor. This prestigious accolade celebrates the remarkable achievements of professionals shaping the future of mergers and acquisitions, restructuring and corporate finance.

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Top ProAdvisor Profiles: Beth Hansen

Insightful Accountant

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Wyoming 52
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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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Should I join the MTD pilot and what are the benefits?

Accounting Web

HMRC & policy Tags HMRC Income tax Making tax digital

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Billy Long confirmed as IRS commissioner

Accounting Today

The Senate confirmed Billy Long, a former Republican congressman from Missouri, as the new IRS commissioner amid staffing and budget cuts at the agency.

Missouri 106
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Upskilling For Tomorrow: How Finance Teams Can Lead Digital Change

Accounting Web

Tech pulse Tags Cloud Fintech Training

Finance 40
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AICPA and CIMA Upgrade CGMA Professional Qualification to Reflect the Expanding Role of Modern Finance

CPA Practice

The new syllabus emphasizes the role of finance professionals as high-impact business partners who can harness technology and apply strategic and critical thinking to drive value.

Finance 40
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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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KPMG fined £690k for ‘basic and fundamental’ audit failings

Accounting Web

Financial reporting

audit 74
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Review of Microsoft Forms – The Accounting Technology Lab Podcast – June 2025

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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Cruz pitches $1.1T cut to Fed bank payments for Trump tax bill

Accounting Today

The Texas senator pitched Republican senators on ending the Federal Reserve's authority to pay interest to banks, claiming it would save $1.1 trillion over a decade.

Texas 64
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Treasury Reviews Hundreds of Colleges’ Tax-Exempt Status Over Race

CPA Practice

The Treasury Department is considering changing rules to revoke tax-exempt status for colleges that consider race in student admissions, scholarships and other areas.

Tax 52
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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.