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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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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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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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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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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes?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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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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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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Some Texas and California Counties Now Have $200 Threshold for FinCEN Reporting

CPA Practice

Although cash transactions over $10,000 have long been reported under current law, now many transactions of as little as $200 will have to be reported in 30 ZIP Codes along the border with Mexico.

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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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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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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.

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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.

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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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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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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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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.

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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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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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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.

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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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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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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.

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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.

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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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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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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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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.

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Trump’s Pick to Lead IRS Under Scrutiny For Latest Campaign Finance Disclosures

CPA Practice

Billy Long, a former GOP lawmaker and President Donald Trumps nominee forIRS commissioner, disclosed innew federal filingson Tuesday that he paid himself back using campaign donations for a $130,000 loan he made to his failed 2022Senatecampaign.

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Harvard sees 'grave consequences' as Trump pushes IRS action

Accounting Today

The university pushed back against the U.S. government after President Donald Trump said the school should lose its tax-exempt status.

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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.