Mon.Jun 16, 2025

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Accounting in an era of disruption

Accounting Today

AICPA chair Lexy Kessler looks ahead at the challenges and opportunities that are facing the profession, and what accountants need to do to be ready for them.

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Taxfyle Launches AI Tool TXF Intelligence

CPA Practice

Taxfyle on Monday introduced TXF Intelligence, a generative artificial intelligence tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S.

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Streamlining document security and workflow in accounting

Accounting Today

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

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3 Financial Reports Every Leadership Team Needs 

Basis 365

Let’s be real for a minute, financial reports are supposed to help you run your business better. But if you’ve ever stared at one and thought, “What am I even looking at?”, don’t worry, you’re not alone. A lot of leadership teams feel stuck reacting to numbers after the fact, instead of using real-time insights to guide smarter decisions. That’s not just frustrating, it’s risky.

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How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex when you consider juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. The good news? It doesn't have to be this way! Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies.

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Broker-dealer audit deficiency rates remain high

Accounting Today

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

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SEC Picks Ex-Big Four Partner Kurt Hohl to be Chief Accountant

CPA Practice

Kurt Hohl, a former partner at Big Four accounting firm Ernst & Young and an SEC alum, is returning to the markets regulator as its chief accountant, effective July 7.

More Trending

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How to Create a Profit and Loss Statement

Patriot Software

A profit and loss statement is one of the most important tools you have in your business to determine profitability. Do you know how to create a profit and loss statement? If not, read on to learn everything you need to know to create a profit and loss statement for your business.

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Monday Morning Accounting News Brief: PwC Gets a Handy; Deloitte Client Sues the Firm For Yoinking Their Name | 6.16.25

Going Concern

Hey. Got a little news for you. Podcaster and observationalist David Leary has a prediction for the future of firms. The tweet : HOT TAKE: AI isn’t going to save accounting firms; it is probably going to kill them. When a VC firm invests $1 billion into OpenAI … they need a return …so now they are planning to spend $500 million to acquire accounting firms that they’ll make “use” (or should we say buy) OpenAI products.

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States Raise Serious Concerns Over PTET SALT Deduction Elimination, Highlighting Detrimental Impact on State Economies 

CPA Practice

State CPA societies across the country are expressing their strong opposition to a provision in the One Big Beautiful Bill Act which would eliminate the ability of specified service trades or businesses (SSTBs) to deduct state and local taxes (SALT) at the entity level.

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One Big Beautiful Bill full of impactful tax provisions

Accounting Today

The bill, whose revised text was just released by the Senate, includes a number of significant tax provisions for both corporate taxpayers and nonprofits.

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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.

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Virtual Cards: A Game Changer for B2B Payments 

CPA Practice

Payments remain one of the most overlooked levers for improving control, efficiency, and financial outcomes. Yet today, it's one of the easiest to modernize thanks to virtual cards.

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Withum Named Audit Firm of the Year by Hedgeweek

Withum

Withum’s Hedge Fund Services Team earns global recognition from industry peers for excellence in audit expertise and client service. This international accolade was presented at the recent Hedgeweek Global Digital Assets Awards 2025, recognizing Withum’s outstanding audit services and unwavering commitment to excellence in the industry. WithumSmith+Brown, PC (“Withum”), one of the country’s top 25 public advisory and accounting firms, is proud to announce it has been honored with the prestigious

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The tax benefits — and complexities — for business owners hiring kids

Accounting Today

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

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Navigating Multi-State Payroll Taxation and Remote Work Compliance

LSLCPAs

The rise of remote and hybrid work has made it easier than ever to hire talent across state lines—but it’s also created a web of tax complexities for employers. Multi-state payroll taxation is one of the most misunderstood and overlooked areas of compliance, and getting it wrong can result in penalties, unexpected tax bills, and. The post Navigating Multi-State Payroll Taxation and Remote Work Compliance appeared first on LSL CPAs.

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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.

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RSM launches myRSM Tax ecosystem

Accounting Today

RSM announced the launch of myRSM Tax, a suite of proprietary platforms that work together using AI to reduce manual processes, accelerate insight generation and ensure transparency.

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QuickBooks Monday Minute: New QuickBooks Experience On The Way

Insightful Accountant

Did you know that a 'new' QuickBooks Online is soon to be released? I'm not talking about simply a few new features like those commonly released every month or so, I'm talking about a whole new QBO, as we know it.

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Bennett Thrasher Foundation Announces Investment in NABA Inc.

CPA Practice

The contribution represents a shared commitment to expanding NABA Inc.’s proven programs focused on developing a diverse and comprehensive talent pipeline to shape the future of accounting and business.

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The UK Crypto Rulebook Takes Shape: Analysing the FCA’s CP25/14 Proposals

Menzies

Menzies LLP - A leading chartered accountancy firm. The FCA’s consultation paper, CP25/14, has been published, providing a good look at how the UK’s new cryptoasset regime will look when it fully comes into force. For now this date is ‘2026’ The FCA have set out a few benefits that they see from stronger regulation, aside from the primary goal of enhanced consumer protection: facilitating and settling transactions with cryptoassets acting as an on-ramp to or off-ramp from the cryptoa

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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.

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AICPA Seeks Comment on Proposed Criteria for Stablecoin Controls

CPA Practice

The American Institute of CPAs (AICPA) is reinforcing its role as a leading voice in the treatment of digital assets by providing a framework for controls over stablecoins.

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Diversifying Revenue Streams for Nonprofit Sustainability

GrowthForceBlog

5 min read June 16th, 2025 If one chicken is laying all of your nonprofit's eggs, that puts your organization at great risk because if anything were to happen to that chicken or hinder its ability to produce eggs, your nonprofit would find itself in financial trouble. In the world of nonprofit management, this individual chicken is officially known as a " single point of failure.

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Doeren Mayhew Acquires Benoit & Associates in Michigan

CPA Practice

In a move that adds to Doeren Mayhew's tax practice and expands its presence in West Michigan, the top 60 firm acquired Grand Rapids-based accounting firm Benoit & Associates CPAs, effective June 1.

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The Section 83(B) Election: An Important Tax Strategy

Withum

Section 83 of the Internal Revenue Code plays a critical role in determining how property transferred in connection with services is taxed, particularly when it comes to stock compensation and vesting schedules. Introduction to Section 83(b) Elections Enacted as part of the Tax Reform Act of 1969, Section 83 requires property value to be included in gross income when the employee’s rights are either not subject to substantial risk of forfeiture or become transferable.

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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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The Cyber Saga Continues: Protect Your Firm from First-Party and Third-Party Cyber Exposures

CPA Practice

Relying on only one type of cyber insurance that may be limited to either first- or third-party coverage may leave businesses exposed to significant financial and legal risks.

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Redefining Rainmaking for Tax Practitioners

Insightful Accountant

The tax profession is facing an uncomfortable truth: even your most satisfied clients are becoming less loyal. Despite delivering exceptional value year after year, many tax practitioners are watching long-standing client relationships weaken.

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TaxPlanIQ Rolls Out New Tax Planning Features

CPA Practice

TaxPlanIQ, a provider of tax planning software for tax and accounting firms, has launched several new features designed to make tax planning more efficient and scalable.

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The future of your firm's tech stack.

Accounting Web

Practice software Tags Artificial intelligence Cloud Tech stack

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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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Florida CPAs Honor Kristen Brand and Alex Welsh

CPA Practice

On Thursday, June 12, during MEGA 2025, the FICPA presented its annual Women to Watch Awards, honoring Experienced Leader Kristen Brand and Emerging Leader Alex Welsh.

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Switching to QuickBooks Online? Join Our Webinar

Accounting Web

Financial reporting Tags Automation Excel QuickBooks

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Trump Tax Plan: What to Expect From the ‘Big, Beautiful’ Bill

CPA Practice

The “big, beautiful” tax bill that’s currently winding its way through Congress would, if it becomes law, lead to drastically different results for U.S. taxpayers, depending on where you fall on the income spectrum.

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Offshoring and AI seen as partners, not competitors

Accounting Today

While it might intuitively seem AI and offshoring are in direct competition, offshore talent providers report that the two have instead created powerful synergies.

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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.