Fri.Feb 07, 2025

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Top Features of Accounting Client Management Software

Canopy Accounting

Managing client relationships and ensuring efficient workflows is essential for success. Accounting client management software is designed to meet these demands, offering tools that simplify communication, task management, and data organization. But with so many options available, how do you choose the best solution for your accounting firm? Here are the top features to look for when selecting client management software.

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Friday Footnotes: AI More Trusted Than CPAs; We’re Interested in Carried Interest Again; Is Consulting So Back? | 2.7.25

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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Tax Court Sides with IRS: Businesses Need to Prove Their Expense Deductions

CPA Practice

If youre a self-employed individual, you can deduct your ordinary and necessary business expenses, just like the corporate giants do. However, youre also held to the same strict substantiation rules.

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Daily Wire is Pissed Off About a PwC Career Program That Excludes White and Asian Candidates

Going Concern

Although this should have been on their radar already because PwC got sued by America First Legal over it two years ago , conservative muckraking site Daily Wire has just now discovered a PwC program for students who identify as a member of a traditionally underrepresented group in the professional services industry (Black or Latino/Hispanic). In “ Consulting Giant Bans Whites And Asians From Career Advancement Seminar ” Spencer Lindquist writes for DW: International accounting giant

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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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes?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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Super Charge Business Development with Proposal Software

CPA Practice

It can automate repetitive tasks, such as inserting standard service descriptions, pricing, and contract terms.

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Cybersecurity best practices during tax season

Accounting Today

CPAs handle an influx of sensitive financial information and personal information during tax season, making them an attractive target for cybercriminals.

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More Trending

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Job growth slowed in January, with just 600 jobs in accounting

Accounting Today

Employers added 143,000 jobs in January, including 600 in accounting, tax preparation and payroll services, the U.S. Bureau of Labor Statistics reported.

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AICPA News – February 2025

CPA Practice

AICPA News is a collection of recent announcements from the American Institute of CPAs and the Chartered Institute of Management Accountants.

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On the move: FICPA hosts annual CPA Day

Accounting Today

EisnerAmper appoints international tax services leader; Meaden & Moore promotes six to VP principal; and more news from across the profession.

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Maryland Considers Adding Retail Delivery Fee

CPA Practice

The fee would apply once per transaction even if the items are delivered in multiple shipments, so long as the purchase contains one item of tangible personal property subject to Maryland sales tax.

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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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Tech news: FinQuery announces CPE Hub

Accounting Today

Plus, Insightsoftware announces Jet Reports Online; InterVal updates business customization features; and other updates from the accounting tech world.

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Key Trends, Challenges and Opportunities in Integrated Assurance

CPA Practice

The report highlights the need for sustainable approaches to breaking down silos within risk management and assurance functions, which can result in inefficiencies, duplicative efforts, and incomplete reporting.

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GBQ acquires Talentcrowd

Accounting Today

The Top 100 Firm acquired Columbus, Ohio-based hiring platform Talentcrowd to expand its business technology offerings.

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Professionals on the Move – Feb. 7, 2025

CPA Practice

Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession.

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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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4 Alternatives for Preparing Your Small Business Payroll

Ronika Khanna CPA,CA

Paying salaries to employees (or yourself) requires more than just determining the gross amount to be paid. The Canada Revenue Agency and Revenue Quebec require that employers calculate payroll deductions and income taxes on salaries paid, remit them to the federal and provincial governments and prepare year end reports in the form of T4 s (and RL1s in Quebec) demonstrating that the calculations are correct and all salary deductions have been paid.

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2025 Business Outlook Report Outlines Top Business Trends, Growth Opportunities, Economic Challenges

CPA Practice

The publication explores critical themes such as the adoption of generative artificial intelligence (AI), the impact of hybrid and return to work models, heightened cybersecurity demands, and changing buyer behaviors.

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The Accountant's Roadmap To Surviving Tax Season

Insightful Accountant

As a CPA and Certified Coach, Chris Panek knows firsthand how overwhelming tax season can be. The long hours, endless client demands, and pressure to meet deadlines can make it feel like theres no time for anything else.

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How will you respond when AI agents reshape your firm's business model?

Accounting Today

While AI agents are not quite ready for prime time, they are here and slowly but surely changing the accounting profession.

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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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State CPA Society News & Updates – Feb. 2025

CPA Practice

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.

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Bessent says Musk's DOGE isn't altering Treasury systems

Accounting Today

Bessent said the Internal Revenue Service would be largely spared from DOGE's cost-cutting at least until after the April 15 filing deadline.

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U.S. Hiring Cools in January with 143,000 Jobs Added

CPA Practice

U.S.job growth slowed at the start of the year, the government said Friday, as business services, manufacturing and other major industries held back on adding new jobs amid increased uncertainty around the economy.

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Bessent projects normalcy while 'completely aligned' with Musk

Accounting Today

In just two weeks as Treasury chief, Scott Bessent has seen plenty of turbulence.

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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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Interpreter Who Stole Millions From Shohei Ohtani Gets 57 Months in Prison

CPA Practice

Ippei Mizuhara, who stole nearly $17 million from the Los Angeles Dodgers superstar to cover debts, was ordered to pay nearly that sum in restitution to Ohtani and a little more than $1 million to the IRS.

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Trump tax cuts' cost estimated at $5 trillion to $11 trillion

Accounting Today

The Committee for a Responsible Federal Budget estimated much of the cost would come from extending the 2017 tax cuts for individuals and small business owners.

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2025 IRS Income Tax Refund Schedule – Estimate When You’ll Get Your Refund

CPA Practice

If you found this article, you're probably expecting a refund and are starting to think about doing your taxes or going to a tax pro, or perhaps you just filed, and are curious how long you need to wait for that $$$.

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Trump's threatened tariffs fall far short of paying for tax cuts

Accounting Today

Combined tariffs against Canada, Mexico and China would raise less than a third of the estimated $4.6 trillion cost of extending Trump's tax cuts over the next 10 years.

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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 Buyout at 50,000 Takers as Focus Shifts to Poor Performers

CPA Practice

Now the Trump administration is signaling a tougher posture in its bid to shrink the governments workforce, asking federal agencies to draw up lists of their poorest performing employees byMarch 7.

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Trump takes aim at private equity's favorite tax loophole again

Accounting Today

Trump told GOP lawmakers he wants to end the carried interest exemption used by private equity fund managers and venture capitalists around the country.

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Update on BOI Reporting from FinCEN 02-06-25 Alert

RogerRossmeisl

In a significant development for businesses across the United States, the legal landscape surrounding the Corporate Transparency Act (CTA) has taken a pivotal turn with the case of Smith et al. v. U.S. Department of the Treasury. Heres what you need to know about the current state of affairs and what might lie ahead: The Legal Background On January 7, 2025, the U.S.

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Trump will seek to end carried interest, expand SALT in tax bill

Accounting Today

President Donald Trump outlined his tax priorities in a meeting with Republican lawmakers, including expanding the state and local tax deduction.

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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.