Mon.Apr 28, 2025

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SME practice boosts accounting capabilities

Accounting Insight

A specialist services provider couldnt keep up with client demands for accountancy it turned to Advancetrack to boost its offering. Describe your business to us Were a popular professional services provider to SME businesses. Our experts in the field provide niche support, and this offering expands into other areas as our relationship with a client develops.

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AI in action: How to create a seamless end-to-end experience for your tax and accounting firm

ThomsonReuters

Jump to The power of AI in tax preparation How AI contributes to long-term sustainability in accounting Getting started with AI Are you ready to get AI in action for your tax and accounting firm? Imagine your accounting firm functioning like a well-oiled machine. From data collection to client communication, every task operates in perfect harmony. No more bottlenecks, repetition, or disjointed systemsjust seamless processes and satisfied clients.

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Making compliance easier with a new Xero and BGL workpapers partnership

Xero

Delivering powerful, integrated tools for our accounting and bookkeeping partners to help their small business clients is a key focus for us at Xero. We understand the pressures you face the need for efficiency, accuracy, and seamless workflows is critical. We also know how important a reliable workpapers solution is to those workflows – having a comprehensive and efficient solution in one platform can make a huge difference to streamlining your compliance processes.

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Optimizing Financial Operations With NetSuite AI

Withum

Artificial Intelligence (AI) continues to evolve, becoming integral to business strategies and operations across various industries. Finance teams especially are seeing fast-paced changes, driven by the integration of AI with human insight. According to a Gartner study , researchers found that 39% of finance organizations are currently using AI/machine learning (ML), with an additional 29% planning to follow suit in the future.

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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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Understanding NYC’s 401(k) Rules for Startups: A Guide for Small Employers

Shay CPA

For startups in New York City, offering a 401(k) or other retirement savings plan is not only a smart move for attracting and retaining talentit may also be required by law. New York City (and New York State) have enacted regulations that mandate eligible private-sector employers to provide a retirement plan option if certain conditions are met. If you’re a startup founder or small business owner with fewer than 10 employees, you might be wondering: Do these rules apply to me?

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The Extra 1%: Proactive VAT Strategies

Accounting Insight

Recapping the message from The VAT Teams speaker slot at Accountex last year, Rebecca Porter summarises how you proactively manage and advise your clients VAT. For accountants, VAT compliance work presents both challenges and opportunities. Take the common start up and small business question When should I register for VAT? Whilst an email that starts with You must register when your turnover breaches the VAT registration threshold isnt wrong, if you dont factor in things like VAT being incurre

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Motorpoint partners with Rsult to drive financial and operational innovation with NetSuite

Accounting Insight

Motorpoint, the UKs leading independent car retailer, has joined forces with Rsult to implement Oracle NetSuite, replacing its legacy Sage 200 system. This partnership marks a significant step in Motorpoints digital transformation, ensuring streamlined financial processes and enhanced operational efficiency. Jerry Warren, Head of Finance at Motorpoint, explained the motivation behind the switch: At Motorpoint, we are committed to making car buying easy by delivering unrivaled choice, value, serv

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June 3 CPE Webcast: Scale smarter: Automate sales tax to grow your CAS practice

CPA Practice

Whether you're looking to launch a client advisory services (CAS) practice or expand an existing one, sales tax compliance presents a key opportunity for growth and greater efficiency.

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Meet the brand: Cynare

Accounting Insight

The Cynare team have over a hundred years experience between them. Since 2001, they have been working with and learning from the best professional services organisations. They cover everything from blue-sky AI to practical automation, providing a secure platform for a firms Clients to communicate. What do Cynare do? Cynare is a specialist software and consulting firm, providing solutions to professional services firms We call it pragmatic practice automation.

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AICPA Comments on Proposed Defunding of PCAOB

CPA Practice

The House Financial Services Committee has releaseddraft language to defund the PCAOB and transfer its activities to the Securities and Exchange Commission.

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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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Draft bill would eliminate PCAOB

Accounting Today

The House Financial Services Committee is considering legislation to transfer the Public Company Accounting Oversight Board's responsibilities to the SEC.

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Prophix Launches AI Technology Engine for Prophix One

CPA Practice

Prophix One Intelligence provides value to accounting teams by delivering productivity improvements through intelligent assistants powered by generative AI, Prophix says.

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Firm sues BDO Alliance after ouster

Accounting Today

Semple, Marchal & Cooper LLP has filed suit against the BDO Alliance and its chairman after it was ejected from the alliance.

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BlackCloak Unveils New Identity Verification Solution

CPA Practice

The new feature is aimed at protecting users from all types of impersonation and scam campaigns, including deepfake-powered attacks that target high-profile executives and individuals.

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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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Andersen plans IPO

Accounting Today

The resurrected version of former accounting giant Arthur Andersen plans to go public, submitting a draft registration statement with the SEC.

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Taxpayer Fails Test on Frivolous Tax Claim 

CPA Practice

Tax Court judges are notoriously a no-nonsense bunch. They consistently deny claims by taxpayers that are considered to be frivolous in nature.

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Eide Bailly merges in Volpe Brown

Accounting Today

The Top 25 Firm is expanding in Ohio by adding a firm that specializes in serving McDonald's franchises.

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House GOP Drafts Cuts to Federal Employee Pension System

CPA Practice

Federal employee pension benefits are set to be pared back in Republicans giant tax-and-spending package working its way through theU.S. House, another slap at a workforce roiled by Elon Musks cost-cutting efforts.

Tax 101
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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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PCAOB posts inspection report datasets

Accounting Today

The Public Company Accounting Oversight Board posted new downloadable datasets related to Part I.A and Part I.B deficiencies.

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AuditBoard Launches New Regulatory Compliance Solution

CPA Practice

RegComply is a new solution for regulatory compliance management to help organizations stay on top of changing regulations and manage their compliance programs with integrated risk insights.

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Art of Accounting: My first CPE presentation

Accounting Today

Presenting CPE programs is satisfying, helps sharpen your knowledge, is great for networking with colleagues, and sometimes there are unintended consequences.

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CAQ Releases Updated Research Exploring Key Trends in Accounting Career Pipeline 

CPA Practice

The Center for Audit Quality released a new report exploring shifts in student perceptions of accounting and identifying messaging strategies to attract the next generation of accountants.

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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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Recession Risk and Ponzi Schemes: What Tax Practitioners Need to Know

Insightful Accountant

Economic forecasts are growing increasingly pessimistic, with experts now estimating a 47% chance of recession, up from 25% in February. Growth projections for 2025 have plummeted from 1.7% to 0.8%.

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IRS Issued Nearly 75 Million Tax Refunds as of April 11, Data Shows

CPA Practice

In total, the agency has issued roughly $228.7 billion in refunds so far during the 2025 tax season, up 3.9% from the $220.2 billion issued as of April 12, 2024.

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IRS rules to deduct fraud losses on taxes give victims some leeway

Accounting Today

Critics have called for an overhaul of the confusing rules that they argue often leave investors paying taxes in the wake of falling into fraudsters' traps.

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Eide Bailly Adds Volpe Brown & Co. in Ohio

CPA Practice

Volpe Brown & Co., a North Canton, OH-based CPA firm with a client base consisting of McDonald's franchise owner-operators, will be joining the top 20 accounting firm on May 5.

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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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Ex-Wells Fargo auditors settle with bank regulator

Accounting Today

A regulator unveiled settlements with two former Wells Fargo auditors who were alleged to have ties to the bank's systemic sales-practice misconduct.

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AICPA Outlines Its Digital Assets Activities to SEC’s Crypto Task Force

CPA Practice

The AICPA was responding to a Februarycall for public inputon a range of crypto topics by SEC Commissioner Hester Peirce, the leader of the task force.

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Introducing the Profit First App, Version 2.0: Automating Financial Freedom for Entrepreneurs

Insightful Accountant

A staggering 87% of entrepreneurs struggle to pay their bills and themselves at the end of each month. A decade ago, Mike Michalowicz created the Profit First approach to make financial freedom a reality for entrepreneurs.

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AICPA offers to help SEC Crypto Task Force

Accounting Today

The American Institute of CPAs is volunteering to provide its assistance in light of its own efforts in the digital assets space.

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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.