Tue.May 13, 2025

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Closing the Client Readiness Gap: The Path to More Efficient and Profitable Engagements

Accounting Insight

Have you ever had an engagement stall due to slow client responses? Do back-and-forth exchanges delay your work? Are deadlines pushed because of incomplete or missing documents? These are all symptoms of a much larger, industry-wide problem that negatively impacts the entire engagement experience and is one of the biggest barriers to engagement efficiency today.

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Accounting becomes gateway to entrepreneurship

Accounting Today

A report by the Association of Chartered Certified Accountants found 54% of North American respondents say they have career ambitions to be entrepreneurs.

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Preserving Evidence in Fraud Investigations

FraudFiles

Document management is critical in any fraud investigation. Larger cases mean more documents, so the process of managing them is even more important (and maybe more complicated). Part of the document management process is preserving original evidence so that it may someday be used in court. While an investigator often never knows if a case [.

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Helping clients pick the right business structure

Accounting Today

Accountants and tax professionals need to be ready to help their clients choose the right type of business entity.

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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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Celery Secures $6.25 Million in Seed Funding to Modernize Internal Financial Controls

CPA Practice

Celery replaces hours of manual reviews with intelligent audit agents that detect fraud, compliance risks, and financial inefficiencies in minutes.

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New CGMA exam syllabus emphasizes critical thinking

Accounting Today

The Chartered Institute of Management Accountants updated its CGMA Professional Qualifications Syllabus for 2026 to emphasize finance business partnering and applied problem solving.

More Trending

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Why do we keep making bad decisions with so much data available?

Accounting Today

The persistent presence of behavioral biases distort our decisions, including in the accounting field.

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Economic nexus thresholds explained: State-by-state insights

TaxConnex

State-by-state economic nexus is one of the biggest considerations for remote sellers and made even thornier because states threshold rules coast to coast seem simply chaotic. That sense of chaos isnt completely off the mark, but there are some standards, guidelines and definitions remote sellers that can rely on. What is economic nexus? Before the Supreme Courts Wayfair v.

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Sage announces Intacct enhancements for automation, insights

Accounting Today

Sage announced a series of new features and enhancements for its latest release of Sage Intacct, many of which center around AI.

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How Your Startup Can Take Advantage of the R&D Tax Credit

BurklandAssociates

The R&D tax credit offers a dollar-for-dollar reduction in tax liability for qualifying research activities. Understanding what qualifies is key for startups. The post How Your Startup Can Take Advantage of the R&D Tax Credit appeared first on Burkland.

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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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FASAB mulls repercussions of federal government reorganization

Accounting Today

The Federal Accounting Standards Advisory Board wants input on accounting issues and questions related to reorganizations and abolishments amid DOGE cuts.

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House Presents Tax Reform Bill Including Multiple Business Provisions

Withum

The House Ways and Means Committee released additional information regarding their proposed tax bill, named The One, Big, Beautiful Bill , on Monday, May 13, 2025. The House Ways and Means committee is expected to start the mark-up of the bill immediately, with the potential of presenting the bill on the House floor for approval next week. While the bill could face additional adjustments in the Senate, it provides the framework for 2025 tax reform.The significant business income tax provisions

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In the blogs: Higher questions

Accounting Today

Valuations this year; handling interviewees; AI and accounting ed.; and other highlights from our favorite tax bloggers.

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7 Hidden Inefficiencies in Your Firm (and How Practice Management Can Fix Them)

Canopy Accounting

Join operation leaders Ashley Fontenot and Whitney Kisner as they share 7 hidden efficiencies holding firms back and how you can fix them with practice management.

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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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New Yorkers vow to block House GOP tax bill over SALT limit

Accounting Today

GOP leaders proposed a $30,000 cap on the federal income tax deduction for state and local taxes.

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House Presents Tax Bill Including Multiple Business Provisions

Withum

The House Ways and Means Committee released additional information regarding their proposed tax bill, named The One, Big, Beautiful Bill , on Monday, May 13, 2025. The House Ways and Means committee is expected to start the mark-up of the bill immediately, with the potential of presenting the bill on the House floor for approval next week. While the bill could face additional adjustments in the Senate, it provides the framework for 2025 tax reform.The significant business income tax provisions

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These 7 Passive Email Phrases Could Be Costing You a Promotion, Expert Warns

CPA Practice

These phrases may seem harmless but cutting them from your emails now could be the small change that makes a big difference in how youre perceived during promotion reviews.

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With the Economy Going Down, ‘Friendly’ Fraud is Up

Going Concern

LexisNexis Risk Solutions has released its annual cybercrime report, dubbing it “The Calm Before the Storm?” with the ominous question mark and all. The storm in this case being an impending AI-powered fraud assault. According to their report , first-party fraud is now the most popular type of fraud globally, accounting for more than a third (36%) of all reported fraud in 2024, an increase of more than double from 15% in 2023.

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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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How ‘Unretiring’ to Go Back to Work Can Affect Your Social Security Benefits

CPA Practice

Does heading back to work mean giving upSocial Security benefits? The answer depends on how old a person is and what their current benefits are. Here are four key things unretirees should consider before switching back to being a worker.

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Claiming mileage relief

Inform Accounting

Claiming mileage relief Employees may pay for the fuel that they use for business journeys undertaken in their own car or in a company car. Often, an employer will reimburse this cost by paying a mileage allowance.

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AICPA News – May 2025

CPA Practice

AICPA News is a round-up of recent announcements from the American Institute of CPAs.

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Secure Your Intuit Login with Passkeys

SchoolofBookkeeping

As an accountant, you’re not just managing numbers—you’re safeguarding sensitive financial data for your clients. From payroll details to tax filings, your Intuit Account holds the keys to your clients’ livelihoods. That’s why protecting your login isn’t just a best practice—it’s an absolute necessity.

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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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Lead Magnets That Actually Work for Accounting Firms

CPA Practice

The success of your marketing often hinges on the strength of your lead magnets. If you want real engagement, you need a lead magnet that solves a specific problem, builds trust, and reflects your firms personality.

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How to get the most from Accountex – or any big accounting exhibition

Mark Lee

Whether youre heading to Accountex this week or attending any other big accounting event, here are a dozen of my top tips to help you get the most value from your time there. These events are typically full-on. Its easy to feel overwhelmed, miss things, or come away wondering what the fuss was about. But with a little forethought, you can take control and make it a brilliant and worthwhile use of your time. 1 – Arrive with a plan Accountex is huge.

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Suralink Debuts Request-to-Test Solution for Accountants

CPA Practice

The Request-to-Test solution was announced alongside the launch of Workpaper Suite and a collection of new AI automation and collaboration capabilities, Assessment Hub.

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GOP tax bill prioritizes Trump campaign vows, increases SALT

Accounting Today

Campaign pledges like no taxes on tips and overtime pay, plus new tax breaks for car buyers and seniors, are the centerpiece of a multitrillion-dollar package.

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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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CBIZ Launches Tariff Solution to Help Businesses Navigate Trade Pressures

CPA Practice

The CBIZ Tariff Solution is a cross-functional offering designed to help companies address the rising financial, operational, and compliance challenges driven by new and evolving global trade policies.

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Understanding Multi-Member LLCs: A Simple Guide

Dent Moses

A multi-member LLC (Limited Liability Company) is a popular legal business structure thats formed by two or more owners, known as members. It combines the limited liability protection of a corporation with the pass-through taxation of a partnership, making it an attractive choice for small businesses, startups, and investment groups. Its the preferred entity for holding real estate.

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Accounting Seen as a Gateway for Entrepreneurial Ambitions and Skills, ACCA Survey Finds

CPA Practice

More than half of North American accounting and finance professionals have career ambitions to be entrepreneurs, while two-thirds are interested in pursuing a career focused on environmental issues.

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House committee marks up tax bill

Accounting Today

The House Ways and Means Committee held a hearing to mark up the "one, big beautiful bill" extending expiring provisions of the TCJA and adding other tax breaks.

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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.