Wed.Apr 09, 2025

article thumbnail

Achieving Efficient Financial Management in 2025

Shay CPA

When we start planning for a new year, things often look rosy. We might set sweeping goals and make ambitious projections. Then, the reality of life settles in. As the year gets underway, the busyness that comes with running a business has probably already presented an obstacle. That means its time to prioritize. As you choose where youll focus the time and energy you actually have in 2025, make sure you include one category: financial management.

article thumbnail

Word on the Street Is Baker Tilly and Moss Adams Are Merging

Going Concern

What even is happening. WSJ dropped an exclusive today : Accounting firm Moss Adams is in advanced talks to receive private-equity investment through a merger with peer Baker Tilly, people familiar with the matter said. The combined firm would be led by senior leadership from both organizations, one of the people said. We’re told by a tipster that CEO emails have already gone out to staff so it seems legit.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Top 50 International ProAdvisors for 2025

Insightful Accountant

Insightful Accountant proudly announces the Top 50 International ProAdvisors for 2025.

Account 119
article thumbnail

A Trump Tariff News and Information Roundup Without the Social Media Hot Takes

Going Concern

Ed. note: As we were putting this article together, Trump announced a 90-day pause on tariffs for some countries but China. This news is moving fast. President Trump’s tariffs took effect today and we figured this would be a good time to do a little roundup. It’s been difficult to sort out actual news — particularly news relevant to accounting and finance professionals — from the excess of noise.

article thumbnail

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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes?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.

article thumbnail

64% of Americans Have Delayed or Avoided Financial Decisions Because of Credit Card Debt

CPA Practice

This includes those who say they delayed spending on health care costs (17%; e.g. medication, medical procedures, etc.) or wellness (17%; e.g. gym fees, weight management programs, meal delivery services, etc.).

117
117
article thumbnail

Rebuilding the corporate ladder

Accounting Today

How about an entrepreneurial path that puts you in an environment where you can be strategic and innovative for the good of the firm?

105
105

More Trending

article thumbnail

Acting IRS Commissioner Krause to resign

Accounting Today

Acting IRS commissioner Melanie Krause reportedly intends to resign after a deal with the Department of Homeland Security to use IRS data for immigration enforcement.

Tax 76
article thumbnail

Avalara Announces 29 Newly Certified Integrations into Business Applications 

CPA Practice

Certified integrations are built to help ensure customers enjoy a fast, reliable, and easy process for embedding Avalara's automated tax management into existing systems.

Tax 96
article thumbnail

The Power of Financial Dashboards for Real-Time Reporting

AccountingDepartment

In today's fast-paced business landscape, staying informed about your company's financial health isn't just beneficialit's crucial. However, the challenge often lies in navigating the sea of data and turning it into actionable insights.

Account 67
article thumbnail

Americans Who Say Their Taxes Are ‘Fair’ Reaches Near Record Low, Gallup Finds

CPA Practice

More Americans believe what they pay in federal income taxes to the IRS is unfair, as tax fairness nearly reaches an all-time low, according to a new Gallup poll.

article thumbnail

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.

article thumbnail

IRS will share immigrant tax data to build criminal cases

Accounting Today

The Internal Revenue Service will give taxpayer data about immigrants to U.S.

Tax 64
article thumbnail

AICPA Offers Suggestions on New Generation Skipping Transfer Regs

CPA Practice

These relief provisions are designed to provide a safety net for taxpayers, ensuring that their estate planning and tax strategies can be effectively implemented even if initial errors are made.

Tax 82
article thumbnail

IAASB revises going concern standard

Accounting Today

The International Auditing and Assurance Standards Board released a revised standard on how auditors should evaluate a business's prospects as a going concern.

auditor 59
article thumbnail

What Your Team is Doing With Time Saved by AI

Insightful Accountant

Generative AI tools are transforming how tax professionals work, reducing task completion time by up to 56%. However, recent research indicates many practitioners aren't optimizing this newfound efficiency. Here's what tax practice pros should know.

Tax 52
article thumbnail

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.

article thumbnail

EY bolsters AI capacities for assurance

Accounting Today

Big Four firm EY announced a collection of new AI solutions to enhance the work of its assurance professionals, as part of its $1 billion investment in AI.

audit 59
article thumbnail

69% of CEOs Say Tariffs Will Hurt Business: Survey

CPA Practice

Small and midsize business CEOs' confidence in the economy decreased significantly in Q1 2025, according to the latest CEO Confidence Index from CEO coaching and peer advisory organization Vistage.

52
article thumbnail

Google Cloud pens deals with Deloitte, PwC, Intuit

Accounting Today

Deloitte and PwC, and business software provider Intuit, each announced separate deals with Google to access its cloud infrastructure and AI capacities.

59
article thumbnail

Vertex Adds Integration with Coupa for Total Spend Management Platform for SMBs

CPA Practice

Customers benefit by extending the capabilities of their spend management platform and solve unique business challenges, while reducing the cost of third-party software integrations.

article thumbnail

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

article thumbnail

Iowa adds path to CPA licensure

Accounting Today

The Iowa Legislature passed a bill creating an additional pathway to CPA licensure.

Iowa 59
article thumbnail

PCI DSS Compliance: A Complete Guide for 2025

Ace Cloud Hosting

In todays landscape of rising cyber threats, ensuring the security of payment transactions is more critical than ever. To protect sensitive credit card data and prevent fraud, businesses handling such.

52
article thumbnail

Auditors, management prepare for AI impact on financial data

Accounting Today

As AI works its way into more and more business processes, it has become increasingly important for auditors to understand where, why, when and how organizations use it and what impact it is having.

auditor 52
article thumbnail

Getting Clients Excited to Sign Their Engagement Letter

Canopy Accounting

If reminding clients to sign their engagement letter makes you feel like a dentist scheduling root canals, it may be time to rethink how you are selling the task.

52
article thumbnail

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

article thumbnail

AICPA suggests changes in GST tax exemption rules

Accounting Today

The American Institute of CPAs asked officials in the Treasury and the IRS for changes in the final regs governing generation-skipping transfer tax exemptions.

Tax 52
article thumbnail

You’re The Boss

Ryan Lazanis

Scrambling to keep up with client work? Poor systems drain your time and energy. Here's how to lead your firm without losing control. The post You’re The Boss appeared first on Future Firm.

Account 40
article thumbnail

Acting IRS Chief to Leave After Agency Makes Immigrant Tax Data-Sharing Deal with DHS

CPA Practice

Melanie Krause, who took over as acting IRS commissioner in February, is stepping down after the agency reached an agreement with the Department of Homeland Security to share the data of immigrants in the U.S. illegally to assist with immigration enforcement.

Tax 129
article thumbnail

What does an IRS in flux mean for financial advisors and clients?

Accounting Today

The first wave of layoffs and others in the works will reduce enforcement. But the smaller ranks will still carry out "a rather grueling examination," an expert says.

Tax 96
article thumbnail

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.

article thumbnail

Trump Pauses Higher Tariffs on Most Nations But Hikes China Rate

CPA Practice

PresidentDonald Trumpsaid April 9 he would pause higher reciprocal tariffs for 90 days on dozens of trade partners while raising duties on Chinato 125%.

Tax 88
article thumbnail

GOP fractures over how much debt to run up for tax cuts

Accounting Today

Ultra-conservatives in the House are threatening to block a budget blueprint to kickstart tax cut negotiations, potentially delaying passage of Trump's economic plan.

Tax 52
article thumbnail

TCJA Sunset Adaption Plan for Law Firms

Withum

The law known as the Tax Cuts and Jobs Act (TCJA) included some major changes to the Internal Revenue Code, but not all of them are here to stay. A number of significant provisions are set to expire after 2025, having significant impact on law firms, their employees, and their clients. Although Congress may act to extend some or all of them, it is important to know which provisions are expiring that may affect your tax planning.

article thumbnail

Trump tariffs take effect hiking trade levies to a 100-year high

Accounting Today

President Trump's so-called reciprocal tariffs are dealing a thunderous blow to the world economy as he pushes forward efforts to drastically reorder global trade.

Tax 52
article thumbnail

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.