Wed.May 21, 2025

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Mastering SaaS Bookkeeping: Essential Considerations for Success

Shay CPA

Bookkeeping for Software as a Service (SaaS) companies presents a unique set of challenges and opportunities. Unlike traditional businesses, SaaS companies operate on a subscription-based model, often deal with deferred revenue, and have complex financial metrics that need to be monitored. This blog post explores the special considerations that accountants and bookkeepers must take into account when managing the books for a SaaS company. 1.

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Breaking Down the Tax Reform Bill’s Impact Across Industries

Withum

On Monday, May 12, 2025, the House Ways and Means Committee released additional details about its proposed tax legislation, The One, Big, Beautiful Bill. While the bill may undergo further changes in the Senate, it lays the foundation for 2025 tax reform. Heres a breakdown of key provisions and their potential impact across various industries. House Ways and Means Committee Unveils Tax Reform Bill With Business and Real Estate Provision Authored by: Michael Hurwitz , CPA The House proposal spec

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Investigation Finds It Was Deloitte Credentials That Allowed Hackers Into the Rhode Island Benefits System

Going Concern

Oops. Late last year, the state of Rhode Island discovered nefarious individuals had gained access to their state benefits system RI Bridges, a system built and managed by Deloitte. This meant hackers got their hands on the personal information of Rhode Islanders who’d used state programs such as Medicaid, SNAP, Medicaid, health coverage purchased through HealthSource RI, and at-home care services provided by the state, among other things.

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Protected: The Top 50 Modern Accounting Firms of 2025

Ryan Lazanis

There is no excerpt because this is a protected post. The post Protected: The Top 50 Modern Accounting Firms of 2025 appeared first on Future Firm.

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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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Fastest-growing firms spend double on marketing

Accounting Today

The fastest-growing accounting firms spend twice as much on their marketing budget than all other firms, an AAM study finds.

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Suburban Chicago Accountant Accused in $10M COVID-19 Unemployment Fraud Scheme

CPA Practice

Hiam Hmaidan, 53, ofOak Lawn, IL, was arrestedMay 8on a six-count indictment that became public last week charging her with mail fraud and conspiracy to commit mail fraud. She pleaded not guilty.

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Poll Reveals Divide Between Gen Z and Older Americans on Finances and Economy

CPA Practice

Recent polling of nearly 20,000 American adults by NBC News indicates Gen Zers are more likely than older adults to feel their finances improved from a year ago.

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By the numbers: Class actions, SEC audit clients and more

Accounting Today

The latest data on new SEC audit client engagements for 2024 and the number of accounting-related securities class actions.

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ISACA Launches Advanced AI Audit Certification

CPA Practice

The new credential is designed to meet the needs of IT auditors who are facing an evolving tech and compliance landscape with artificial intelligence at the forefront, the ISACA says.

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MTD awareness gap signals opportunity for accountants

Accounting Insight

IRIS Software Group research reveals half a million sole traders want to hear from their accountants on forthcoming MTD requirements. Almost half of UK sole traders at risk of non-compliance, feeling unprepared for income tax changes due April 2026. Low awareness highlights a timely opportunity for accountants to support existing clients and win new business.

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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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Rightworks Community Serves as a One-Stop Resource Hub for Accounting and Tax Professionals

CPA Practice

Rightworks' online platform offers accounting and tax professionals the latest tools, insights, and actionable strategies from some of the professions most trusted advisors to help drive progress and inspire future-forward firms.

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Coming soon: ONESOURCE Pagero and Oracle Fusion Cloud ERP e-invoicing solution

ThomsonReuters

As global regulatory requirements for electronic invoicing (e-invoicing) become more stringent, international companies are feeling the pressure to keep up. Europe, in particular, is advancing with initiatives like the value-added tax (VAT) in the digital age (ViDA) , which aims to modernize VAT systems to align with the digital economy. This is part of a broader trend where regions like Latin America and emerging markets are mandating businesses to send and receive e-invoices that meet evolving

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Philadelphia-Area Accountant Pleads to Filing Nearly $220,000 in False Tax Reports

CPA Practice

James J. Sirleaf, 65, of Darby, PA, pleaded guilty to 15 counts of aiding and assisting in the preparation of false income tax returns and three counts of filing false personal income tax returns for himself.

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Authenticity: The Key to Successful Content Marketing

Ryan Lazanis

In todays AI-heavy world, authenticity is the new currency in content marketing. Discover how being real builds trust and audience. The post Authenticity: The Key to Successful Content Marketing appeared first on Future Firm.

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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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BMSS Makes Strategic Investment in Technology Platform Knuula

CPA Practice

The top 100 firm said this week that it recently invested in Knuula, a Frisco, TX-based technology platform that specializes in generating engagement letters and other documents for accounting firms.

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Smarter Supply Chain Sourcing for Handling Tariffs in Your Skagit County Business

SkagitCountyTaxServices

Feeling the strain of tightening things up and trying to stay one step ahead of whatevers coming next? Youre in good company because this kind of pressure isnt new. Sam Walton didnt have deep pockets or a fancy MBA. But he did have a knack for thinking a few steps ahead. Instead of throwing up his hands when things got expensive, he got creative. He started cutting deals directly with suppliers, trimming operational fluff, and figuring out how to keep shelves stocked and prices low without goin

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New AI Tax System Integrates with Existing Systems and Workflows to Automate Tax Preparation

CPA Practice

Filed automates the complete lifecycle of a tax returnfrom structuring diverse client documents to validating returns and proactively flagging anomalies based on firm-defined rules.

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Today's QB Talks: How Qvinci Can Bolster Your Advisory Business

Insightful Accountant

The last three weeks we've told you why today's QB Talks might change the way you provide consulting services.

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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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Quadient and Nuvei Sign New Partnership to Enhance Cloud Payment Capabilities for Businesses Globally

Accounting Insight

Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, and Nuvei , a leading global payments company, today announced a strategic technology partnership to enhance cloud payment capabilities for businesses globally. Through this partnership, Nuveis advanced payment processing technology is now integrated into Quadients cloud-based Accounts Receivable (AR) and Accounts Payable (AP) automation solutions, providing businesses of all sizes

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Speakers on the Economy, Geopolitics and the Evolution of Accounting Highlight AICPA & CIMA ENGAGE 2025

CPA Practice

Other session topics will include private equity investment in the profession, the integration of artificial intelligence in different service lines and strategies to optimize talent.

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ISACA offers AI audit credential

Accounting Today

IT auditors who know a lot about AI can now show it through a new certification, as the ISACA now offers an AAIA, or "Advanced in AI Audit," credential.

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CT and AccountsIQ announce alliance to drive digital transformation for UK businesses

Accounting Insight

New alliance leverages award-winning finance technology and strategic consultancy to enhance efficiency, sustainability and visibility for finance teams Accountant and business adviser, CT , has announced a new strategic partnership between its CT: Evolve team and advanced finance software provider, AccountsIQ. Through the new alliance, the two partners will work collaboratively with clients that can be best supported through AccountsIQs award-winning platform, delivering powerful insights and a

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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 offers advice on auditing accounting estimates amid SEC concerns

Accounting Today

The Public Company Accounting Oversight Board released a publication to help smaller firms as it comes under threat of being absorbed into the Securities and Exchange Commission.

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Tax Legislation Watch: House Advances, Senate Prepares Changes

Insightful Accountant

The House Ways and Means Committee has advanced the $3.8 trillion tax portion of a sweeping reconciliation bill, with the full House expected to vote on the package by Memorial Day. Tax professionals should prepare clients for significant changes.

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Constant Contact and Xero Collaborate for Small Businesses

CPA Practice

This collaboration fuels small business growth by providing an automated workflow between digital marketing and accounting systems thereby saving time and streamlining operations.

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Strategies to optimize tax savings amid legislative changes

Accounting Today

This year's uncertainty in Washington is resulting in an unclear tax landscape, especially with deductions from real estate holdings and capital expenditures.

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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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AICPA is Not Pleased with GOP’s ‘Big, Beautiful’ Tax Bill

CPA Practice

The letter also outlines several provisions included in the bill that are supported by the AICPA.

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VAT implications of pharmaceutical rebates – Boehringer Ingelheim Ltd v HMRC

Menzies

Menzies LLP - A leading chartered accountancy firm. Overview In a significant ruling, the First-tier Tribunal (FTT) has determined that payments made by Boehringer Ingelheim Ltd (BIL) to the Department of Health and Social Care (DHSC) under the UKs voluntary pharmaceutical pricing schemes should reduce the consideration for the supplies of medicines to the NHS.

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Johnson says deal reached on raising SALT cap to $40K

Accounting Today

The $40,000 SALT limit will phase out for annual incomes greater than $500,000, and the income phaseout threshold would grow 1% a year over a decade.

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7 Signs Your Engineering Firm Needs a CFO

GrowthForceBlog

9 min read May 21st, 2025 Congratulations! Your engineering firm is growing and changing, and the demands of your back office have likely become more than you and your small bookkeeping and accounting team can handle.

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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.