Wed.Jun 25, 2025

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Business Valuations Must Look to the Future, Not the Past

RogerRossmeisl

Historical financial performance is just one piece of the business valuation puzzle. While it provides a starting point, its relevance depends on whether the business is expected to achieve similar results in the future. High interest rates, restricted access to credit, global trade uncertainties, tax policy ambiguity and geopolitical instability have significantly altered the business landscape.

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IRS acknowledges payment delays

Accounting Today

Taxpayers made receive notices in error that say the Internal Revenue Service hasn't received their electronic payments.

Tax 105
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IRS Responds to Delays in Processing Electronic Payments

CPA Practice

The agency said it's aware of a delay in processing some electronic payments and that some taxpayers are receiving IRS notices indicating a balance due even though payments were made on time.

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New IRS Guidance on Reporting ERC Refund

Dent Moses

On March 20, 2025, the IRS issued new FAQ’s as guidance to businesses understand how to properly report Employee Retention Credit (ERC) refunds on their income tax returns. This is especially important for companies that received ERC refunds but never amended their earlier tax returns, or for those whose claims were later denied. Background on ERC The ERC was created during the COVID-19 pandemic to help employers keep workers on payroll.

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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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes?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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IMA Expands Its Management Accounting Competency Framework

CPA Practice

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Get ready for a reimagined Xero

Xero

Today, I’m excited to share the beta launch of our new navigation and homepage (previously called the dashboard) experience. This goes beyond a fresh new look and a change in name, it’s the new home of all your business key insights and actions. Built for you, with you, this beta is the next step towards a more intuitive and insights-rich Xero. Our goal is simple: empower you to see your business’s true performance at a glance and tackle the most important tasks, quicker.

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5 Reasons To Avoid An Earnout When Selling Your Accounting Practice

CTP

By Brannon Poe, Founder of Poe Group Advisors A version of this article first appeared in The Journal of Accountancy’s CPA Insider By Brannon Poe, CPA How Does An Earnout Affect The Buyer And Seller? Earnouts are popular deal structures used by buyers and sellers of accounting practices, but they have drawbacks. In an earnout, a buyer pays for a practice using the earnings that are expensed from that practice, plus an initial down payment in some cases.

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Digits says its AI agents can automate 95% of bookkeeping

Accounting Today

Accounting platform Digits announced the launch of Digits Accounting Agents, which CEO Jeff Seibert said can outperform humans in terms of accuracy and speed.

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Flying Blind: The Real Cost of Not Knowing Your Numbers 

Basis 365

You know that exciting feeling when your business is finally taking off? Sales are climbing, your team is growing, and you're juggling way more Slack messages than you used to. It’s a good kind of chaos, until it isn’t. At some point, you’ll start to wonder: “Can we really afford that next hire?” “How much runway do we actually have?” “Are we scaling profitably, or just burning cash faster?

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PCAOB fines Deloitte, PwC, EY member firms for exam misconduct

Accounting Today

The Board fined Deloitte Netherlands, PwC Netherlands and EY Netherlands a total of $8.5 million after finding widespread exam misconduct on internal training tests.

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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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PCAOB Doles Out $8.5M in Total Fines to Most of the Big Four’s Dutch Affiliates for Exam Cheating

CPA Practice

The Netherlands-based affiliates of Deloitte, PwC, and EY were found to have violated U.S. auditing rules and quality control standards related to internal exam cheating and inefficient monitoring of their quality control systems.

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Prager Metis launches digital solutions company

Accounting Today

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Compliance Relics: The Case Against PDFs and Screenshots

CPA Practice

When it comes to compliance, seeing what happened should include seeing how it happened, and when. And for that, the PDF and screenshot era belongs in the scrapbook.

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Xero to buy payments platform Melio for $2.5B

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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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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Changing Your Business Address: A Comprehensive Guide for Keeping the IRS and Other Agencies Informed

Shay CPA

When a business moves, ensuring that every regulatory body and partner is updated with your new address is essential for smooth operations and continued compliance. Changing your business address isn’t as simple as updating your website or sending out new business cards—it involves a series of notifications to various federal, state, and local agencies.

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Interest Tracing in Lower-Interest Rate Environments

Withum

In lower-interest-rate environments, interest tracing becomes increasingly relevant for individuals and businesses. Interest tracing is a tax principle used to determine the deductibility of interest expenses based on the use of borrowed funds. Below is a brief overview of how it works and its implications. Interest expense can be either deductible or non-deductible for tax purposes.

Tax 59
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What the Top 50 Modern Firms Do Differently (Part 2)

Ryan Lazanis

In this second podcast episode on the Modern Firms, I'll dig into what sets them apart and what you can take away for your own firm. The post What the Top 50 Modern Firms Do Differently (Part 2) appeared first on Future Firm.

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After 'successful' season, new IRS problems loom: TAS

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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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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RubinBrown Combines With Maggart & Associates in Tennessee

CPA Practice

The top 40 accounting firm is growing its presence in the Nashville market by joining forces with Maggart, one of the largest CPA firms in the Middle Tennessee region, effective June 2.

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Xero to Acquire Melio for $2.5B

Insightful Accountant

Xero Limited has today announced it has entered into a binding agreement to acquire 100% of Melio Limited and its associated entities (collectively Melio).

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Emburse and Sage Expand Partnership for Faster Closes and Spend Visibility

CPA Practice

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Tax Preparation Pricing Guide for Better Profits

Ryan Lazanis

Working too many hours just to make a profit preparing taxes? This guide will help you fix that. The post Tax Preparation Pricing Guide for Better Profits appeared first on Future Firm.

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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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IRS Staff Reductions, Potential Tax Law Changes Pose Challenges to Next Tax Season, Taxpayer Advocate Says

CPA Practice

Despite calling this past tax filing season one of the most successful in recent memory, National Taxpayer Advocate Erin Collins warned there are potential risks heading into the 2026 tax season and that "it is critical that the IRS begin to take steps now to prepare.

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July’s QB Talks: Workflow App Comparison

Insightful Accountant

In our July’s QB Talks, we will examine Aero Workflow, FloQast, Jetpack, Monday.com, Trello, Uku, XBert, and Xenett. I’m happy to have Debra Kilsheimer back with me this month as we review this group of Workflow Apps.

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LeaseCrunch Rebrands as Crunchafi—a Broader Vision for CPA Firms

CPA Practice

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NABA’s Convention Had an ‘Uneasy’ Vibe This Year

Going Concern

I saw this story on Fox News of all places: Sponsors flee from National Association of Black Accountant recruiting event: report. Fox grabbed their info from a Bloomberg newsletter published a few days ago that almost slipped past our radar: DEI Backlash Turns Recruiting Event Into Litmus Test. Bberg had this to say: Does sponsoring an event for Black professionals count as DEI?

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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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AI titans flex clout to leverage tax bill to override state laws

Accounting Today

Silicon Valley leaders are throwing their weight behind the tech industry's drive to use Trump's tax bill to sweep away state regulations on artificial intelligence.

Tax 40
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Use Cases That Show How Salesforce NPSP & Accounting Seed Power Nonprofit Efficiency

Accounting Seed

When mission-driven work meets smart technology, amazing things happen. The Salesforce Nonprofit Success Pack (NPSP) helps nonprofit organizations manage relationships, programs, and fundraising efforts with greater precision and ease. Pair it with Accounting Seed, and you will simplify your financial workflows and improve reporting accuracy. This blog explores how the integration between Salesforce NPSP and Accounting Seed eliminates data silos and bridges the gap between mission and money.

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RubinBrown merges in Maggart

Accounting Today

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Remitly Launches International Business Payments for U.S. Customers

CPA Practice

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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.