Tue.Jun 17, 2025

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Using Fixed Fees in Forensic Accounting Engagements

FraudFiles

Nearly all of my work is done under fixed fee arrangements. My client and I determine the scope of a project (what documents will be used, what analysis will be done, what time period is covered, etc.) and I quote them a fixed fee for my analysis and expert report. In this video, I explain [.

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Are you really providing advisory services?

ThomsonReuters

As technology continues to automate an increasing number of tax preparation and compliance tasks, more and more accounting firms are looking at shifting their focus to offering clients more personalized financial insights and strategic guidance. But here’s the catch: many tax and accounting professionals believe they’re providing advisory services, when in reality, they’re caught in a trap of giving out-of-scope tax advice away for free.

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Tipalti buys Statement to add treasury automation capacities

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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Cherry Bekaert Achieves Top 5 Hedge Fund Auditor Ranking Following Acquisition of Spicer Jeffries

CPA Practice

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk

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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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Tax pro coalition urges Treasury to stabilize IRS amid layoffs

Accounting Today

A group of tax organizations, including the NATP and NAEA, hopes to preserve the core tax functions relied on by tax professionals despite cutbacks at the IRS.

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Pennsylvania Senate Passes Legislation to Modernize CPA Licensure Requirements

CPA Practice

"By offering CPA candidates an additional pathway to complete their licensure and improving mobility for out-of-state CPAs, Pennsylvania is positioned to increase membership in the profession," said state Sen. Scott Hutchinson.

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Unpacking the Latest in the Soroban Case

Withum

Hedge Fund managers and other investment advisors are on high alert following the May 2025 Tax Court decision in Soroban because it signals a greater risk that a share of their earnings could be subject to self-employment tax. In Soroban, the U.S. Tax Court held that Soroban’s investment manager limited partners were active limited partners, and thus ineligible for the limited partners exception to self-employment tax.

Tax 59
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KPMG launches multi-agent AI platform Workbench

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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Wolters Kluwer Releases Tax Briefing on Senate’s Latest Version of Reconciliation Bill

CPA Practice

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk

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The Next Chief Accountant Will Be Building a Better Working World at the SEC

Going Concern

Yes, we know EY’s tagline is now All In. Announced on Thursday, the SEC’s next chief accountant — effective July 7 — will be Kurt Hohl, a former EY partner who put in four years in audit at Deloitte after graduation before jumping there in 1989. This won’t be his first rodeo at the SEC. The CV, courtesy a press release : Mr.

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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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Former Massachusetts CPA Admits to Bank Fraud Conspiracy That Cost Lenders Millions

CPA Practice

Christine Gendron, 61, whose CPA status expired in 2023, pleaded guilty in federal court on June 13 to participating in a conspiracy that prosecutors say obtained commercial mortgages for area properties using false information.

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Finance teams chase missing receipts weekly for one in three employees, survey reveals

Accounting Insight

UK finance teams are spending increasing time chasing missing receipts and untangling incomplete expense data, with 1 in 10 (10%) of employees contacted daily and nearly one-third (28%) chased weekly. That’s according to new research by ExpenseIn , part of the AccountsIQ Group. The survey of 500 UK-based employees reveals almost half (49%) still use their own money for work purchases before claiming back expenses, while only 19% have access to a company expense card.

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19 Emerging Leaders Graduate from MACPA’s 2025 Leadership Academy

CPA Practice

Held June 10-11 in Towson, Md., the annual event is designed to help emerging leaders make the transition from individual contributors to leaders in their organizations.

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8 Key Challenges Firms Face While Adopting AI Technologies-and How to Overcome Them

Ace Cloud Hosting

AI is no longer a futuristic concept in accounting—it’s a present-day disruptor. From automating routine bookkeeping tasks to enabling predictive financial analysis, artificial intelligence is reshaping the accounting landscape. The.

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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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Grant Thornton adds two int'l firms

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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Accounting Firms Saw Gains in Profits and Clients Over the Past Year

CPA Practice

Accounting firms in the U.S. have had a profitable last 12 months, due to adding new clients, technology, and service offerings, according to a new report from Xero.

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Will the FRC’s efforts make SME audits any easier?

Accounting Web

Financial reporting

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Accountant Shortage Risks New Mexico’s Financial Oversight, State Auditor Says

CPA Practice

A decades-long shortage of accountants is coming to a head in New Mexico, presenting an ultimatum for leaders: modernize the field or face disruptive financial consequences.

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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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AccountingDepartment.com Named One of Inc.'s 2025 Best Workplaces

AccountingDepartment

We are delighted to announce that AccountingDepartment.com has been included in the Inc. Best Workplaces list for the fourth year in a row, along with 514 other amazing companies that prioritize their people! This 2025 recognition underscores the success of the workplace environment we have nurtured over the past 21 years. We are honored to be recognized as an Inc.

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Audit Monitoring Report 2025 Review – The Continuing Story Towards Stronger Audits

Accounting Web

Financial reporting Tags Audit Fraud ICAEW

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Beyond algorithms, human judgment defines the future of accounting

Accounting Today

In the age of AI, the professionals who will excel are those who invest as much in empathy, communication and critical thinking as they do in technical skills.

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Tipalti Acquires Statement to Expand Its Treasury Offerings

CPA Practice

The finance automation platform said on June 17 that it has acquired Statement, an AI-native treasury automation solution that adds real-time, AI-driven cash intelligence capabilities to Tipalti.

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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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SALT stalls, Harvard wins reprieve: Tax bill winners and losers

Accounting Today

Businesses and rich universities scored wins in the Senate version of Trump's tax bill, while low-income Americans and clean energy providers were hit hard.

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Tax Court Halts Moving Expense Deduction for Some Taxpayers

CPA Practice

Prior to the Tax Cuts and Jibs Act (TCJA), individuals could claim a deduction for moving expenses if they passed a two-part test based on distance and time.

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Senate Would Expand the Qualified Small Business Stock Exemption

Withum

On June 16, 2025, the Senate Finance Committee (SFC) released legislative text for a bill that it proposed in response to the previous House bill named the One Big Beautiful Bill (BBB). The full Senate appears on track to consider changes to the BBB by the week of June 23, 2025. Withum previously summarized the key business and individual tax provisions of the BBB.

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Powering Up at Intuit Connect: Feel the Transformational Experience and Register Today

CPA Practice

One of the key focuses of Intuit Connect is to offer expert advice on how to become a stronger leader and advisor so that you can transform your client relationships and ultimately your firm’s success.

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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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How do you change finance systems without it destroying your soul? Here’s the definitive guide

Accounting Web

Accounting software Tags Cloud Fintech Wellbeing

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How AI Is Transforming Talent Management and Business Operations

Withum

Artificial Intelligence (AI) is no longer a futuristic concept—it’s a present-day force reshaping how organizations operate, compete, and grow. From hiring the right talent to optimizing internal processes and enhancing client engagement, AI is driving a new era of efficiency and strategic decision-making across all facets of business. Revolutionizing Talent Acquisition Recruiting the right people has always been a cornerstone of business success, and AI is making this process smarter and

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Financial KPIs for AI Startups to Measure & Improve

BurklandAssociates

AI startups operate at the frontier of innovation, but to scale sustainably and attract investment, founders must ground their efforts in key financial metrics. The post Financial KPIs for AI Startups to Measure & Improve appeared first on Burkland.

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Why prospects don’t engage you and what you can do about it

Mark Lee

Ever wondered why someone seemed interested in your services but didn’t become a client? Or why building up your client base is tougher than you had expected? You’re not alone. Most accountants haven’t been shown how prospective clients actually make decisions. And it doesn’t matter whether they find you online, on LinkedIn, on social media, through a paid ad, a networking event or even a personal introduction.

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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.