Tue.Jul 01, 2025

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Is It Time to Outsource Your Accounting? 7 Signs Your Business Has Outgrown DIY Bookkeeping

AccountingDepartment

When you first launched your business, doing the books yourself (or having a friend or family member pitch in) probably seemed like a cost-saving no-brainer. But as your business grows, so does the complexity of your finances — and the stakes. Suddenly, managing your books takes more time, you’re second-guessing financial decisions, or worse, worrying about compliance mistakes.

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Four ways tax and accounting professionals can start using agentic AI right now

ThomsonReuters

The tax and accounting profession is at a crossroads. Relentless deadlines, persistent talent shortages, escalating client expectations, and a continuously shifting and complex regulatory landscape are prompting professionals to search for sustainable ways to stay competitive. The traditional approaches that built successful practices are increasingly insufficient for meeting a pace of change that shows no signs of slowing Enter agentic AI, a technology that has already moved from “nice to

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A strategic reset in federal financial auditing

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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Investigating Unreported Cash Sales

FraudFiles

How do you investigate fraud in a cash business? It is difficult because cash leaves no paper trail. But Tracy Coenen has some techniques she uses to try to uncover unreported cash sales. She gives examples including restaurants and laundromats. Tracy mentions some of the things she analyzes like credit payroll records, equipment purchases, and [.

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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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes?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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IESBA tax planning ethics standards take effect

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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Seeing Isn’t Believing: GenAI Document Fraud

RogerRossmeisl

Technological advances can as easily open the door to fraud as shut it. Case in point: Although significant improvements have been made to generative artificial intelligence’s (GenAI’s) document generation capabilities, such upgrades have generally made fraud easier to perpetrate. Here’s how your business can prevent and detect GenAI document fraud attempts by rogue employees.

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Certinia Releases 2025 Global Service Dynamics Report

Insightful Accountant

Is AI delivering real bottom-line impact for PSOs, or is it still more hype than tangible ROI? What critical hurdles are stalling widespread AI success in professional services? Get the answers.

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AuditBoard Appoints Raul Villar Jr. as Chief Executive Officer

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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IRS Payment Processing Delays Create Client Confusion

Insightful Accountant

The Internal Revenue Service has confirmed widespread delays in processing electronic tax payments, creating confusion for taxpayers who are receiving balance due notices despite making timely payments.

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M&A roundup: LMC, Sorren and Alpine Mar expand

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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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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KPMG Names Next Management Committee

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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UHY adds Ohio firm

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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Deloitte Launches Global Agentic Network

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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Ascend adds two East Coast firms

Accounting Today

Ascend added two more CPA firms: BGW in Charlotte, North Carolina, and Tronconi Segarra & Associates in Williamsville, New York, effective July 1.

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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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NYU School of Professional Studies Division of Programs in Business To Host Tax Conferences in New York City, July 14–25, 2025

CPA Practice

Beginning July 14 through July 25, the conference will take place at the Westin New York in Times Square, focusing on a range of topics, including international, partnership, state and local taxation, trusts and estates, and like-kind exchanges.

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Separating Fact from Fiction: AI Lessons from Scaling New Heights

Canopy Accounting

AI isn’t coming for your job, but it might just save your sanity. That was the core message from Canopy’s VP of Product Hanna Bjornn and Accounting Lifeline CEO Liz Scott during their presentation at Scaling New Heights 2025. This session broke down what AI is really doing in firms now, compared to what people think it’s doing. Here are the main takeaways from the session.

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UHY Adds Flynn & Co. in Ohio

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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I’m not boring, but my firm is. What should I do?

Mark Lee

An experienced accountant recently said to me: “I’m not boring, but my firm looks as if it is – does that matter?” My honest answer? In classic accountancy style: “It depends…” Even if you’re the face of your firm and are out meeting clients, networking, building your reputation, then yes, this does still matter. Because even if you are engaging and memorable, most people will still look you and your firm up online.

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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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How CFOs Are Rethinking Talent and Operations Strategies Now

CPA Practice

As more processes are automated using AI, the company has more data available for more precise forecasting and planning, which can help align cost control and strategic planning.

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Senate strips AI provision from tax bill

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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2025 Practice Management Buyer's Guide

Canopy Accounting

This guide helps you navigate the purchase of practice management software, providing the knowledge and tools necessary to make an informed decision.

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Landlord Studio Announces Partnership with Habito to Power UK Landlord MTD Compliance

Accounting Web

Accounting software Tags Landlords Property Property tax

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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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From Silos to Synergy: The Business Case for a Connected Enterprise

CPA Practice

In taking action today, organizations can better adapt to future technological advancements, make faster and more informed decisions, and maintain a competitive edge.

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MTD for income tax: Preparation for mandation

Accounting Web

Practice strategy

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What’s new in sales tax?

TaxConnex

There’s always something changing in the world of tax, especially sales tax. Here’s a review of some of the recent changes and updates. Ease off? A few states have taken steps to make life easier for those with sales tax obligations. Utah has become the latest in a growing number of states to drop a transaction threshold as a trigger of economic nexus.

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AICPA Applauds Senate Passage of Reconciliation Bill, Encourages House Support

CPA Practice

The U.S. Senate passed its reconciliation bill earlier today, which removes the limit on pass-through businesses’ state and local tax (SALT) deductions entirely, generating optimism for those affected businesses.

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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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Trump's tax bill passes Senate as Republicans notch major win

Accounting Today

The $3.3 trillion tax and spending cut bill passed the Senate after a furious push by Republican leaders to persuade holdouts to back the legislation.

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Building Better Startups from the Inside Out

BurklandAssociates

In a fast-moving startup, the biggest accelerators aren’t always strategy or code. Often, they’re mindset, culture, and clarity. The post Building Better Startups from the Inside Out appeared first on Burkland.

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What's in the Trump tax bill that just passed the Senate

Accounting Today

President Donald Trump's multitrillion-dollar tax and spending package moved closer to reality after it passed the Senate.

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Which College Degrees Have the Best ROI?

CPA Practice

Going beyond a plan for smart student loan decisions, business-minded prospective students want to choose a field of study that will help them build a strong career with a high return on investment (ROI).

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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.