Thu.May 29, 2025

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Automating 1099 Compliance Enhances Firm Value to Clients

CPA Practice

Armanino has implemented a 1099 and W-9 compliance system to relieve the burden on its clients, reduce risks, simplify filing processes, and create a strategic year-round plan for maintaining vendor information collection and management.

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BDO's Berson to retire in 2026

Accounting Today

BDO USA's CEO Wayne Berson will retire effective June 30, 2026, and national managing principal of tax Matthew Becker has been tapped to succeed him.

Tax 100
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Maximizing Profitability: A Comprehensive Guide to Job Costing

AccountingDepartment

Understanding exactly how much each job or project costs your business is essential for maximizing profitability. However, many business owners struggle to track costs accurately, leading to mispriced jobs and unexpected expenses later on. This is where job costing comes into play.

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IRS faces challenges overseeing tax-exempt hospitals

Accounting Today

Cutbacks and vague guidance threaten the IRS's ability to carry out its responsibilities, which include overseeing the troubled nonprofit hospital sector.

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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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AICPA Bigwig Says Go Ahead and Get ‘CPA’ Tattooed on Your Forehead, You Earned It

Going Concern

*In case it isn’t abundantly clear, she didn’t actually tell you to get CPA tattooed on your forehead as that would be ridiculous. Obviously. Susan S. Coffey, CPA, CGMA, CEOPublic Accounting at the Association of International Certified Professional Accountants has penned a little something for Journal of Accountancy worth our full attention.

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The 20 counties where taxpayers netted the highest capital gains

Accounting Today

Areas around Jackson Hole, Aspen, Palm Beach, Miami, New York, Dallas and Austin are in the group. Other top performers may come as more of a surprise.

More Trending

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To succeed at succession, ask yourself these hard questions

Accounting Today

Firm owners looking at succession must look at future state needs, not just current ones.

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Acumatica Set to Be Acquired By Vista Equity Partners

CPA Practice

The Washington-based ERP provider said on May 29 it has signed an agreement to be acquired by Vista Equity Partners, the global investment firm that purchased Avalara in 2022.

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Acumatica acquired by Vista

Accounting Today

The cloud ERP provider has been acquired by a private equity firm that specializes in enterprise software, data and technology-enabled businesses.

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June 27 CPE Webcast: The Most Important Supply for Tax Pros Isn’t Found On Shelves

CPA Practice

Tax and accounting professionals are leveraging new technologies to make their firms more efficient and to stay ahead of competitors. In this webinar, well show you how. From automated return package assembly and delivery that takes less than four minutes to send, to AI-powered intake that saves the countless hours necessary to manually handle document request lists and client material organization, and moredigital solutions that consolidate tech stacks are helping firms spend more resources on

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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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In uncertain markets, it's accountants who create stability

Accounting Today

Here are three ways accountants can shift from support role to strategic force, helping organizations stay profitable, predictable and well-positioned.

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Plaid Launches Transactions for Business: Powering Real-Time Business Tools

CPA Practice

Companies like Brex, Bluevine, and Wave are already using Plaid's existing Transactions product to deliver real-time spend tracking, smarter capital access, and automated bookkeeping to businesses.

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From State Trooper to “Cash Flow Mike”: Business Coaching with Impact with Mike Milan

Insightful Accountant

In this special GrowCon 2025 edition of the Accounting Insiders Podcast, host Gary DeHart sits down with Mike Milanbetter known as "Cash Flow Mike"to discuss his transformation from state trooper to entrepreneur, author, and small business coach.

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Top Remote Tax and Accounting Candidates of the Week | May 29, 2025

Going Concern

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

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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: Side hustles

Accounting Today

Pardon us; no relief in sight; down on the farm; and other highlights of recent tax cases.

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How the Cost-to-Cost Method Improves Profitability in Construction Projects

LSLCPAs

In construction, its not just the concrete that holds things togetherits cost control. Managing expenses isnt just a line item; its the backbone of a construction firms financial health and long-term profitability. The process of cost management requires the following: In-depth tracking Planning Cost controls from project initiation to completion By managing costs effectively, construction.

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BDO USA CEO Wayne Berson to Retire Next Year

CPA Practice

Berson, who has served as CEO of Chicago-based top 10 accounting firm BDO USA since 2012, is retiring effective June 30, 2026.

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Pitfalls of sales tax compliance: billing systems

TaxConnex

Sales tax is not top of mind for most executives, but it is something most businesses have to manage at some level. No matter the size of your business, if you are selling a taxable product or service and establishing nexus in specific states or jurisdictions, you have a sales tax obligation. And as states and the many other tax jurisdictions continue to adjust their statutes, its important to stay in the know.

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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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AICPA Continues Opposition to Proposed Limitations on PTET SALT Deductions, Provides Recommendations

CPA Practice

The AICPA also made recommendations to ensure that the Senate version of the bill would not needlessly disadvantage certain taxpayers but would protect taxpayers.

Tax 40
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Payroll and Group Lift-Outs: Trial Lawyer Provides Insights on Managing Financial and Operational Challenges

ThomsonReuters

In addition to the operational disruptions caused by group lift-outs, payroll management also plays a role in maintaining employee morale and financial stability. Ensuring accurate and timely payroll is essential for preventing dissatisfaction and retaining key employees. In a recent discussion, William A. Nolan, a trial lawyer and partner at Barnes & Thornburg, provided insights into the causes, prevention, and recovery strategies related to these events.

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Over Half of Americans Expect to Spend Less on Fun Purchases This Year, Survey Finds

CPA Practice

Bankrates new 2025 Discretionary Spending Survey shows that 54% of U.S. adults say they expect to spend less on travel, dining out or entertainment in 2025 than they did in 2024.

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From compliance to consultancy: Your answer to year-round revenue

ThomsonReuters

If youre a leader of a small or medium-sized accounting firm, youve probably felt the pressure to move beyond basic compliance work to the kind of high-value advisory services that your clients are increasingly looking for. But knowing where to begin, how to price it, and which clients are the right fit can be overwhelming. That fear of change can keep even the most motivated firm leaders stuck in the cycle of transactional, compliance-driven work.

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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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How to Cut Spending Without Cutting Out Small Businesses

CPA Practice

A majority of small businesses have cited financial uncertainty as the biggest challenge they're facing. Amid these pressures and their own financial concerns, consumers want to do their part.

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3 minutes with Hilary Lewis

Accounting Insight

Introducing Hilary Lewis, Marketing Director, Winchester Corporate Finance. She’s your self proclaimed ‘go to girl when it comes to business funding.’ As a twice exited ex business owner, Hilary understands what businesses face on a day to day level. Her experience and knowledge spans Management, Marketing, Branding, Social Media, Communications, Digital Media, and Business Strategy.

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Next Month's QB Talks is About Prepping for Scaling New Heights

Insightful Accountant

The 2025 Scaling New Heights conference is being held June 22 through 25, 2025 in Orlando at the Marriott World Center, the world's biggest Marriott facility, and Insightful Accountant will be there.

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How to keep the post-event buzz on your return to the office

Accounting Insight

With the events season wrapping up, many of us in the industry are feeling that all too familiar feeling: An inbox overflowing with client queries after a few days out of the office, alongside a barrage of marketing emails from connections we made at conferences and networking events. Its no surprise that the return to our desks can feel overwhelming.

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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.

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Hiding Money in Divorce Using Cryptocurrency

FraudFiles

Everywhere you go, people are talking about cryptocurrency as an investment. From Bitcoin to Etherium to Dogecoin, there are a whole bunch of different cryptocurrencies that consumers can invest in. More people are starting to use cryptocurrency to pay for things and it is also gaining wider acceptance as an investment (albeit a very volatile [.

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Morgan Stanley denies Dutch prosecutor's tax evasion allegations

Accounting Today

Morgan Stanley denied allegations by the Dutch Public Prosecution Service that it evaded tax on almost $1 billion worth of dividends more than a decade ago.

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Illinois Legislature Passes Bill That Creates New CPA Licensure Pathways

CPA Practice

Legislation that creates additional pathways to becoming a CPA in Illinois awaits Gov. JB Pritzker's signature after the bill was passed in the state House in April and the state Senate last week.

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Trump to appeal tariffs ruling while weighing other ways to implement levies

Accounting Today

President Trump's appetite for new tariffs remains undeterred, even after a pair of court decisions hit his duties with their most devastating blow yet.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.