Tue.May 20, 2025

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M&A is Hot. Are You Prepared When an Offer Comes In?

BurklandAssociates

Scaling a startup takes vision and hustle. But when its time to negotiate its acquisition you need a new playbookone built on precision, preparation, and strategic leadership. The post M&A is Hot. Are You Prepared When an Offer Comes In? appeared first on Burkland.

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Ex-PwC Partner Says AI Is Coming For Big 4 Jobs in a Big Way

Going Concern

Business Insider published an article early this morning that blatantly suggests AI is a huge threat to the Big 4 revenue machine. Let’s include the intro here so you can see where they intended to go with it: The Big Four Deloitte, PwC, EY, and KPMG are a select and powerful few. They dominate the professional services industry and have done so for decades.

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Trending Sources

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Pramata Rolls Out Tariff Risk Analyzer, a Contract AI Tool to Navigate Supply Chain Disruptions 

CPA Practice

Tariff Risk Analyzer uses a companys contract data to calculate the impact of newly established tariff structures on supply chain business relationships and then provides recommended next steps.

Account 109
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Major Changes Affecting Nonprofits and Other Tax-Exempt Organizations Proposed in the One, Big, Beautiful Tax Bill

Withum

Recently, the House Ways and Means Committee released a sweeping budget reconciliation package, The One, Big, Beautiful Bill, which contains broad provisions impacting many areas of taxation, including tax-exempt organizations. While the bill could face additional adjustments as it works its way through the House toward approval, and subsequently the same process in the Senate, it provides an overall picture of the 2025 tax reform framework.

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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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Massachusetts Society of CPAs Names 19 to Board of Directors

CPA Practice

MassCPAs Board of Directors is a group of elected members that sets policies, manages programs and oversees activities that benefit the 11,500-member organization and accounting profession in Massachusetts.

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Fortifying Hospitality: Essential Cybersecurity Measures for Hotels

Withum

There are many examples of cybercrime impacting the hotel and lodging industry. A particularly notable incident occurred in September 2022, when a prominent UK-based multinational hospitality company experienced a significant cyber-attack that led to a two-day outage of their online booking system. The financial impact of this attack was substantial, with the company facing immediate operational disruptions and long-term reputational damage.

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UK watchdog slammed EY's NMC audit in early report, lawyers say

Accounting Today

The Financial Reporting Council found EY "demonstrated a complete lack of professional skepticism" and failed "to be alert to conditions that may have indicated possible fraud.

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Social Security COLA Now Projected to Increase 2.4% in 2026

CPA Practice

Social Securitybeneficiaries are expected to receive the lowest cost-of-living-adjustment since 2021, according to the latest forecast from theSenior Citizens League.

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The power of communication: How to elevate the client experience during the tax preparation process

ThomsonReuters

Jump to Streamlining tax engagement through effective communication Introducing SafeSend One: Your communication and client experience solution Changing the tax client experience with effective communication The tax preparation process is often full of problems, from finding documents to managing many systems. This is not just for accountants, but also for their clients.

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The Transformation Triangle: A Holistic Approach to Organizational Change

CPA Practice

By harmonizing project management, process management and change leadership, your firm can manage change and leverage it as a catalyst for innovation and growth.

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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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Is your CPD setting you up to thrive or just helping you tread water?

Mark Lee

For many accountants, CPD is still a tick-box exercise. They look to do the minimum possible and, even then, focus almost exclusively on keeping their technical knowledge up to date. But CPD has NEVER just been about keeping your technical knowledge up to date. Sure that’s important but Continuing PROFESSIONAL DEVELOPMENT has always meant more than that.

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Small Business Survey Shows Surge in AI, Cybersecurity and Social Media Usage

CPA Practice

Social media is a critical driver, with 58% of SMBs now on TikTok, while 38% are actively integrating AI into their operations.

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Why AI and cloud are game changers for tax professionals in technology

ThomsonReuters

Blog home Artificial intelligence and cloud services are here in big ways. But knowing the difference between tech trends that last and trends with uncertain futures is less art than you might think. Jump to Redefining indirect tax Cloud solutions for tax professionals Edge computing Future-forward operations with edge computing Indirect tax professionals have a career-shifting opportunity So how do you get there?

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Minnesota Legislature Passes CPA Licensure Bill

CPA Practice

Generally, the governor has 14 days to act on the presented bill. After that, without action, the bill becomes law.

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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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Misunderstandings keep families from claiming tax credits

Accounting Today

Lack of awareness, fear of mistakes and penalties, and the cost of filing are preventing many families from claiming millions of dollars in tax credits.

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72 Percent of Professionals Report Using Some Form of AI at Work

CPA Practice

The 2025 Technology Perceptions Survey queried more than 800 fee earners across the accounting, consulting, finance, and legal industries in the U.S. and U.K., and showed a significant shift in how professionals view and use AI.

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Ignition Announces New SVP of Product

Insightful Accountant

The revenue and billing automation platform for professional services, Ignition, has announced that Tammy Hahn, an award-winning leader in product development and innovation, has joined the Ignition executive team as Senior Vice President of Product.

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AICPA Comments on Proposed Regulations Regarding the Previously Taxed Earnings and Profits and Related Basis Adjustments Under Sections 959 and 961

CPA Practice

The proposed regulations provide rules addressing various aspects of the PTEP regime, such as increases and decreases to basis of stock, foreign currency gain or loss, and allocation of foreign tax credits.

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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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Top 10 Cyber Threats To Look Out for in 2025

Ace Cloud Hosting

Cybercrime is no longer a distant threatits a global crisis accelerating at an alarming rate. By 2025, the cost of cybercrime is expected to reach $10.5 trillion annually, effectively making.

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IRIS Software Group Announces Strategic Investment in AI Powered Tax Management Platform, Instead

CPA Practice

The company is now rapidly expanding its reach, actively securing authorization across all U.S. states and major U.S. cities to offer truly nationwide filing.

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Maryland Sick and Safe Leave Law Mandates That Employees Receive Paid Sick Leave 

Patriot Software

Like several other states, Maryland requires that employers provide sick leave. Maryland sick and safe leave ensures employees receive paid or unpaid time off when they cannot work. What are the details of the Maryland sick leave law? Read on to find out. What is Maryland sick and safe leave?

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Workday Releases New Lineup of AI Agents to Assist Businesses’ HR and Finance Operations

CPA Practice

Workday's new Illuminate Agents are designed to help businesses speed up the hiring processes, improve frontline worker experiences, streamline complex financial processes, and enable their employees to find information quickly and easily.

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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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HMRC announce changes to VAT grouping policy in care sector

Menzies

Menzies LLP - A leading chartered accountancy firm. HMRC have issued a Business Brief with the aim of tackling, what they view as, VAT avoidance in the care sector. Care sector planning tool Many Care Providers have used a planning tool, which utilises a separate entity, which is not regulated by the CQC to provide care to residents funded by Local Authorities or Integrated Care Boards.

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Rightworks Launches New Cloud Tech Options for Accounting Firms

CPA Practice

Rightworks Cloud Premier is a comprehensive package that modernizes accounting and tax firm operations by centralizing cloud and desktop app access, data, and security in one space.

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In the blogs: Truths and consequences

Accounting Today

No more paper checks; death and tax debt; the perfect time to onboard software; and other highlights from our favorite tax bloggers.

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Consumers Are Losing Trust in Digital Content Amid Deep Fakes and AI Frauds

CPA Practice

Sixty-nine percent of respondents say AI-powered fraud now poses a greater threat to personal security than traditional forms of identity theft, and confidence in online authenticity continues to erode amid growing fears of manipulated content and AI-driven deception.

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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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Remittance tax plan poses threat to US allies in Central America

Accounting Today

The bill would levy a 5% tax on remittances for noncitizens and foreign nationals, on top of a roughly 5% to 10% fee already charged on the payments.

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Zuora Introduces New AI-Powered Payment Collections Solution

CPA Practice

Zuora Collections combines billing, revenue, and collections data so businesses can collect cash faster while improving retention, cash forecasting, and customer account health.

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Defining Your Tech Solution for Tax, Regulatory Compliance

TaxConnex

Technologys bull rush to keep up with consumers demand can mean products and offerings cross lines in taxation and regulation. Is your solution is only software as a service ( SaaS ) or does it dip into information service or telecommunications? Does it have auto dial functions, SMS capabilities, and call routing? The answers can change the nexus, taxability and even how you charge and bill and collect the taxes.

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Tax Strategy: Post-tax filing season update

Accounting Today

With the number of extensions, many practitioners are seeing tax season continue through the summer and fall.

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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.