Thu.Apr 17, 2025

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How a Controller Can Strengthen Your Financial Reporting

AccountingDepartment

Accurate financial reporting is crucial for any small to medium-sized business (SMB) looking to grow sustainably. Without proper financial oversight, companies can face compliance risks, cash flow issues, and missed opportunities for strategic expansion. This is where a controller plays a vital role.

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How Sales Tax Impacts M&A - Part 2

TaxConnex

Last time we looked at the damage that one companys past sales tax exposure and liability can do to an M&A deal. In that part, well examine what can be done about this exposure. Mitigation How can either or both parties in an M&A mitigate this exposure through further research or jurisdictions programs? (Bear in mind the buyer may be the one to determine mediation as part of due diligence or escrow.

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What Is a Financial Statement? P&L Statement, Balance Sheet, and Cash Flow Statement

Patriot Software

Business owners need to have a pulse on their organization’s financial performance and cash flow for decision making and obtaining business financing. You can learn how your business is doing holistically by preparing different financial statements. So, what is a financial statement? What is a financial statement?

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Checklist: 12 key steps for a successful ERP implementation

ThomsonReuters

An enterprise resource planning (ERP) system can revolutionize your operations and boost data transparency, offering real-time insights that empower your organization to make smarter business decisions. With CFOs often leading an ERP implementation, its essential to embrace best practices and key considerations to maximize the project’s success.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Innovative Employee Retention Strategies That Actually Work  

Anders CPA

Many industries are facing talent shortages with most open positions receiving two or three applications on average. According to the Bureau of Labor Statistics most recent Employment Situation Summary , Both the unemployment rate, at 4.2 percent, and the number of unemployed people, at 7.1 million, changed little in March. The unemployment rate has remained in a narrow range of 4.0 percent to 4.2 percent since May 2024.

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Strategizing for the Effects of Tariffs on Your Skagit County Business

SkagitCountyTaxServices

As I sit to write this, its the eve of Tax Deadline Day (Ill be sure to put milk and cookies out for Uncle Sam before leaving the office). Hope you feel the relief of putting your 2024 taxes behind you. Now, you can devote your attention to this other important thing happening: the tariffs. The back-and-forth here is a lot to keep up with (feeling a little BOI reporting deja vu, or is that just me?).

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IRS proposes to end crackdown on basis-shifting transactions

Accounting Today

The Treasury and IRS plan to withdraw regulations that labeled basis-shifting transactions among partnerships and related parties as "transactions of interest.

Tax 104
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Experiences 2025 – Agentic AI – Part 2 Implementation

CPA Practice

Agentic AI is poised to significantly impact Public Accounting. Firms must adopt the right tools, governance strategies, and implementation approaches to successfully integrate Agentic AI into public accounting.

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Massachusetts CPAs see clients moving for lower taxes

Accounting Today

States including Florida, New Hampshire, Texas and South Carolina are the main ones attracting clients due to their tax-friendly policies.

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FASB Not-for-Profit Advisory Committee Meeting Recap

CPA Practice

The FASB Not-for-Profit (NFP) Advisory Committee (the Committee) held its semiannual meeting on Thursday, March 20, 2025. The topics discussed included the following.

Account 76
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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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Tax Fraud Blotter: Reaping and sowing

Accounting Today

Share and share alike; fleecing the flock; United they fall; and other highlights of recent tax cases.

Tax 71
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Here Are the 50 Most Prestigious Accounting Firms, According to Vault

CPA Practice

A new ranking for 2026 from career website Vault.com is now out to remind accountants and soon-to-be accountants in college about which public accounting firms are considered the most prestigious in the U.S.

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PCAOB posts videos on quality control standard

Accounting Today

The staff presentation videos aim to help firms implement the four components of QC 1000, A Firm's System of Quality Control.

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Accounting Class Actions Up a Skosh in 2024

CPA Practice

For the third consecutive year, there was an increasealbeit a small onein the number of accounting-related securities class action filings in 2024, according to a new report from Cornerstone Research.

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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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Managers bet on SEC prioritizing tax-savvy funds

Accounting Today

Optimism is building that a game-changing fund design that will help asset managers shrink clients' tax bills will soon be approved by the SEC.

Tax 52
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Quadient Recognized in Analyst Report on Top AI Use Cases for Finance Automation

CPA Practice

Manual AR, AP and invoice processes lead to inefficiencies, compliance risks, payment delays and increased vulnerability to fraud.

Finance 52
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US property tax rise slowed, but more counties topped $10K

Accounting Today

The average U.S. homeowner paid $4,172 in property taxes last year, according to a report by real estate data firm ATTOM.

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10th Annual Cybersecurity Special Report by RSM US Details Sophisticated Threat Environment, Highlighting Progress and Risk Mitigation Opportunities

CPA Practice

The RSM report provides insights into cybersecurity trends, strategies and concerns shaping the marketplace for midsize businesses.

Account 52
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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.

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Lili Partners with eCommerce Platforms to Offer Tailored Banking and Accounting Solutions for Online Businesses

Insightful Accountant

Lili, the financial platform designed for small business owners, announced today the launch of a new suite of tools to help online merchants grow and scale their businesses.

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Financial Accounting Foundation Issues Annual Report 

CPA Practice

The report also includes perspectives from Financial Accounting Foundation leaders, who provide the oversight and accountability that are fundamental to the standard-setting process.

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Why Your Firm Needs a Practice Manager with Julie Smith

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with Julie Smith, Practice Manager at Harper & Co. CPAs. Julie shares her journey into the accounting space and her experience co-founding Pure Tax LLC and Empower CPA.

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Starting a business as a sole trader

Inform Accounting

When starting a business, there are various decisions to make and tasks to perform. One of the first questions to address is whether to run the business as a sole trader, whether to set up a partnership with others or whether to form a company.

Tax 52
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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Redesign Social Security to provide greater retirement security

Accounting Today

A Social Security floor-offset design, utilizing a sovereign wealth fund, can help alleviate current and future Social Security funding obligations.

Account 40
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Navigating the changes to UK payrolling benefits

Menzies

Menzies LLP - A leading chartered accountancy firm. Introduction At MWM Employee Benefits, we strive to keep our clients informed about important regulatory changes that impact their businesses. From April 2026, significant changes to the way Benefits in Kind (BiKs) are reported and taxed will come into effect. This article provides an overview of these changes and how they will benefit both employers and employees.

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Withum Named Best Wellness Employer by Wellness Workdays

Withum

Withum is proud to share that Wellness Workdays , a leading provider of measurable workplace health and wellness programs, has granted Withum the Silver Certification for Best Wellness Employer in 2025. This is the second year the firm received recognition for its commitment to creating a supportive and healthy environment for its team members. Withums comprehensive wellness initiatives are designed to support the physical, mental and emotional well-being of its 2,500+ staff.

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Congress prioritizes a tax break few Americans will claim

Accounting Today

Congress will be drafting its multitrillion tax cut proposal in the coming weeks, almost certainly reflecting the priorities of a small minority of constituents.

Tax 52
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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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Strategic Financial and Operational Planning for Timeshare Resorts

Withum

Timeshare resorts offer a unique vacation ownership model that allows multiple individuals to share the costs of property ownership. This model provides flexibility and affordability for vacationers, but it also comes with a range of operational and financial considerations that resort managers must navigate to ensure success. Cash Flow Management Effective cash flow management is crucial for the financial health of a timeshare resort.

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Harvard Warns of ‘Grave Consequences’ as Trump Pushes IRS Action

CPA Practice

Harvard Universitypushed back against the U.S. government after President Donald Trumpsaid the school should lose its tax-exempt status, warning that such a move would endanger its ability to carry out its mission and threaten higher education in America.

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GOP Senator McCormick says millionaire tax hike won't fly

Accounting Today

President Donald Trump is seriously considering ideas to raise taxes on the rich as a way to partially offset revenue losses from his tax package.

Tax 40
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Here’s When New Ford Buyers Could See Price Increases if Tariffs Remain

CPA Practice

Ford Motor Co. customers waiting to purchase a vehicle this summer could be in store for higher prices if President Donald Trump's tariffs remain unchanged.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.