Thu.Feb 27, 2025

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Financial Fundamentals: A CPA advantage

Accounting Today

Helping business owners understand the flood of accounting and financial data they face is a major opportunity for accountants.

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Allow IRS Criminal Investigators to Keep Following the Money

Withum

I retired only a few weeks ago after 25 years as a special agent with IRS Criminal Investigation, and have lost count of the number of texts I received containing news stories about IRS-CI special agents being assigned to conduct immigration enforcement. This, along with reports of reduced funding and staffing , make this an opportune time to remind US taxpayers of the critical work performed by the agencyand is why many professionals with IRS-CI experience see these proposals as shortsighted an

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Why Widely Supported Accounting Systems Are the Smarter Choice for Businesses

AccountingDepartment

When Bench suddenly ceased operations and left thousands of businesses stranded, it reignited an important conversation about the tools we choose to keep our businesses running. Bench was known for its proprietary accounting system, which unfortunately became an obstacle for its clients during the transition. This event underscores an essential lesson for every business owner and entrepreneurchoosing the right accounting system can make or break your operations.

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Entity Type Affects Your Skagit County Business’s Bottom Line

SkagitCountyTaxServices

I wont say I told you so, but Im certainly thinking it: Beneficial Ownership Reporting requirements are back on as of last week. In the words of a friend of mine, Youd think they were planning a trip to the Caribbean with the amount of flip-flops were seeing. But you dont have to start scrambling FinCen has extended the filing deadline to March 21st (for most businesses).

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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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Business Growth Formula for Calculating the Ideal Pipeline Size

Summit CPA

When you first started your business, you were likely focused on just getting as many clients as possible. In the beginning stages, you are just trying to establish yourself and grow a consistent client base. However, as your business expands, you might become aware of a sweet spot: a specific number of clients necessary to cover costs while also putting away enough money to reach business goals.

CPA 66
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Rumor: EY Laid Off a Bunch of People in IT?

Going Concern

We received this tip on Twitter yesterday: Hi, There seems to be another round of lay offs in EY, affecting IT folks globally. Affected staff were notified this past Monday, and expected to leave by this Friday. Note the tipster said globally. They added: Global lay off for enterprise technology. This time the layoffs are brutal. Many many IT divisions, Infosec and senior IT leaders affected.

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5 Security Questions CPA Firms Should Ask Tax Automation Vendors

CPA Practice

With the current staffing shortage in the accounting profession, more and more firms are turning to technology to maintain productivity and service quality.

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The states that delay the most and least on taxes

Accounting Today

Taxpayers in Wyoming are expected to procrastinate the most on taxes this year, while taxpayers in Wisconsin are likely to procrastinate the least.

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PCAOB Quizzes Auditors on New Confirmation Standard

CPA Practice

This latest knowledge check, or informal quiz, highlights various aspects of the new confirmation standard, which was approved by the PCAOB in September 2023.

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Angel Investors vs. Venture Capitalists: How to Decide Who to Pitch to

Patriot Software

Getting funding for your business is no walk in the park, especially if youre just starting up. But in order to keep your business dream alive, you need capital. Depending on what stage your business is in, you might seek funding from a venture capitalist (VC) or angel investor.

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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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Being Uncooperative During an Inspection Lands Audit Firm Partner in Hot Water With the PCAOB

CPA Practice

Natalie Murphy, a now former audit partner at Heaton & Co., was censured and fined $50,000 by the Public Company Accounting Standards Board for violating U.S. auditing rules and standards, including failing to cooperate with an inspection.

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Top Remote Accountants of the Week | February 27, 2025

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.

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Baker Tilly Set to Buy Hayflich CPAs in West Virginia

CPA Practice

The top 10 accounting firm is planning to expand its presence in the Mid-Atlantic region saying Thursday it's intending to acquire Huntington, WV-based Hayflich CPAs.

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A tax season risk alert

Accounting Today

Even though things are busy, tax pros can't afford to let their guards down on engagement letters, scope creep, data security and much more.

Tax 78
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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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GASB Says Fair Value Standard Achieved Objectives

CPA Practice

A post-implementation review report released on Feb. 26 concluded the Governmental Accounting Standards Board's fair value measurement standardStatement No. 72,Fair Value Measurement and Applicationhas met its objectives.

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The Difference Between Gross Profit vs. Net Profit

Patriot Software

Calculating your business profits shows you how much money your company brings in. But, not all profit data is the same. There are two types of profit you should understand and use to measure your financial health: gross profit and net profit. What’s the difference between gross profit vs. net profit?

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Has accounting lost its way?

Accounting Today

What makes a great accounting firm great needs to be its focus.

Account 69
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How to Use Life Cycle Costing

Patriot Software

When you run a small business, every little cost counts. Making poor purchasing decisions can put an unnecessary financial burden on your business and lower your companys bottom line over time. Before you purchase new assets for your business, practice life cycle costing.

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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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Tax Fraud Blotter: Senate appropriations

Accounting Today

Checked out; nothing's free; some days the Bear gets you; and other highlights of recent tax cases.

Tax 66
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7 Signs Your Engineering Firm Needs a Controller

GrowthForceBlog

9 min read Congratulations! Your engineering firm is growing and changing, and the demands of your back office have likely become more than you and your small bookkeeping and accounting team can handle.

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Baker Tilly expands in West Virginia

Accounting Today

The Top 10 Firm is acquiring Hayflich CPAs.

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7 Signs Your Engineering Firm Needs a Controller

GrowthForceBlog

9 min read Congratulations! Your engineering firm is growing and changing, and the demands of your back office have likely become more than you and your small bookkeeping and accounting team can handle.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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Wolters Kluwer CEO Nancy McKinstry to retire in 2026

Accounting Today

Wolters Kluwer CEO Nancy McKinstry said she will retire in 2026. Wolters Kluwer intends for Stacey Caywood, current CEO of Wolters Kluwer Health, to be the new CEO next year.

Tax 59
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Celebrating One Year of Sage Copilot

Insightful Accountant

Sage Copilot, the AI-Powered Assistant, has reached a major milestone as worldwide adoption accelerates. Sate Copilot is available to early adopters of Sage Accounting, Sage Active, Sage Intact, Sage 50 and Sage for Accountants.

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IASB updates IFRS for SMEs Accounting Standard

Accounting Today

The update aims to balance the needs of users of SMEs' financial statements with resources available to SMEs.

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Springline Advisory and EFPR Advisory Partner to Expand Accounting Reach Across Northeastern U.S.

CPA Practice

The partnership emphasizes both firms' dedication to efficient operations and market expansion while prioritizing its people by retaining and cultivating top-tier talent and professional development programs.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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PCAOB quizzes auditors on new confirmation standard

Accounting Today

The Public Company Accounting Oversight Board posted a new "knowledge check" to help auditors gauge their understanding of AS 2310.

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GrowCon 2025: Must-Attend Event for Accounting & Tax Pros! with Christi Richards

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart interviews Christi Richards, Event Manager and Student Fulfillment Director at Universal Accounting Center, to discuss GrowCon 2025!

Account 52
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New Intapp DealCloud Activator uses "nudges" to guide business development

Accounting Today

Intapp announced the release of Intapp DealCloud Activator, an AI-driven solution with a social media-like interface that uses behavioral "nudges" to guide business development behavior.

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Small Business Loan Interest Rates and Fees: Avoid Surprises

Patriot Software

Do you need extra capital for your small business? If youre thinking of securing a business loan, you should know how much its really going to cost you. Before taking out a new loan, understand how small business loan interest rates and fees work.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.