Tue.Feb 04, 2025

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Rethinking the billable hour, once and for all

Accounting Today

As artificial intelligence streamlines many accounting tasks, clinging to hourly billing will become increasingly unsustainable.

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How large tax and accounting firms can use AI

ThomsonReuters

Jump to Key areas where AI enhances tax services in large firms Barriers to AI adoption in large firms and overcoming them Embrace AI in your large firm for a competitive edge The tax and accounting industry is on the brink of a significant transformation, driven by the integration of artificial intelligence (AI) and generative AI (GenAI). The 2024 Tax Firm Technology Report highlights that 93% of large tax and accounting firms are either actively using, exploring, or considering AI technologie

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8 Series A Fundraising Mistakes to Avoid

BurklandAssociates

By avoiding these common Series A mistakes, youll improve your odds of securing funding and position your startup for long-term success. The post 8 Series A Fundraising Mistakes to Avoid appeared first on Burkland.

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Tax rates help drive state-to-state migration

Accounting Today

Americans are moving to states with lower taxes to save money.

Tax 123
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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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Bipartisan State House Bill Would Create Additional Pathways to CPA Licensure in Illinois

CPA Practice

House Bill 2459, introduced on Feb. 3 by state Reps. Natalie Manley (D) and Amy Elik (R), who are both CPAs, would amend the Illinois Public Accounting Act to create two additional pathways to CPA licensure in the state and enhance CPA practice privilege mobility.

Illinois 116
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New ways to CPA

Accounting Today

As the profession struggles with its pipeline problem, groups across accounting are targeting one particular hurdle: requirements for licensure.

CPA 120

More Trending

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Agentic AI: small steps, big aspirations at accounting firms

Accounting Today

Agentic AI is already gathering momentum at accounting firms as leaders anticipate great potential for semi-autonomous bots.

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Avalara Report Shows States Trying to Simplify Sales Taxes, Amping Up Audit Teams, and Increased E-Invoicing

CPA Practice

Key findings in the 2025 Avalara Tax Changes report point to nascent state-by-state efforts to alleviate the burden of tax compliance related to economic nexus laws.

Tax 109
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The 2025 Top New Products

Accounting Today

Audit tools take center stage, even as artificial intelligence remains a priority across accounting technology.

audit 117
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IRS Says No Tax Deduction for IVF Expenses of Surrogate

CPA Practice

In a new private letter ruling, the IRS said that in vitro fertilization (IVF) expenses for a surrogate on behalf of a married couple are not deductible by the couple as a medical expense under the tax code.

Tax 95
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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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RSM grows global revenue to $10B

Accounting Today

RSM International announced its 2024 financial results, reporting 15% growth in global fee income and 11% growth in tax revenues.

Tax 109
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Free Streaming Series Offers Wellness Tips for Professionals During Busy Season

CPA Practice

The online wellness program provides free, expert-led wellness events specifically designed to support mental clarity, reduce stress, and optimize productivity during the busiest time of year.

Tax 93
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Crowe announces firmwide collaboration with OpenAI

Accounting Today

Under the agreement, Crowe will "deeply adopt" ChatGPT Enterprise.

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RSM Reached $10 Billion Global Revenue Milestone in 2024

CPA Practice

RSM is the sixth global accounting network to reach or exceed revenue of $10 billion in 2024, joining Deloitte, PwC, EY, KPMG, and BDO.

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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 Hampshire fights out-of-state sales tax

Accounting Today

The Granite State's attempts to protect its retailers may not come to much, though.

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Survey: One in Five Americans Would Rather Renew Driver’s License at a DMV Than Work on Their Taxes

CPA Practice

A new survey from Invoice Home sought to uncover the current state of consumer tax filing for Americans in 2025 and the hurdles people are willing to put themselves through when it comes to filing annually.

Tax 88
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PCAOB warns audit firms about using 'specialists'

Accounting Today

The Public Company Accounting Oversight Board cautioned about relying on the work of specialists who help with fair value measurements and accounting estimates.

audit 84
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IRS Urges Taxpayers to Choose Tax Preparers Carefully

Insightful Accountant

The Internal Revenue Service today reminded taxpayers that choosing the right tax professional is essential to helping them avoid tax-related identity theft and financial harm.

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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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Student-athletes need an assist with NIL taxes

Accounting Today

Young athletes are raking in as much as several millions of dollars a year, but the nascent legalized pay for student-athletes needs reforms, a new study said.

Legal 82
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Explore the Xero App Store’s 2024 top apps

Xero

Finding tools to simplify your processes and save time is essential for a small business owner. But with so many apps available to connect to Xero, it can feel overwhelming to sort through them all. Thats why weve pulled together lists from the Xero App Store in Australia , the US and the UK where you can see the years most popular, most recommended, and award-winning apps to help you discover apps that are functional, trusted and loved by businesses and experts alike.

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UDA ConstructionOnline Announces New Financial Dashboards

Insightful Accountant

UDA Technologies' ConstructionOnline software is providing powerful new financial dashboards for enhanced business intelligence.

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Wage growth slows at small biz

Accounting Today

Job growth also slowed at small businesses in January, according to payroll company Paychex.

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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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More than QuickBooks Offers

Insightful Accountant

At QB Talks this month, Murph and Charles Nagel, the founder and chief technology officer of Qvinci, will explore the power of Qvinci to overcome the limitations of QuickBooks.

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Outsourced Accounting Services for Marketing Agencies

Summit CPA

Digital marketing agencies can refer to different kinds of businesses, including design-dev agencies, advertising agencies , SEO -ppc agencies, as well as product-only.

Account 52
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Join Me for Today's Webinar on Backup Alternatives

Insightful Accountant

I've researched for Backup Solutions that can be used to keep your QuickBooks Online data safe. Intuit backups are for catastrophic events impacting their entire platform, not customer data issues. You need a backup you can control.

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In the blogs: A-changin'

Accounting Today

Future of the IRS; the VAT obstacle; awaiting results; and other highlights from our favorite tax bloggers.

Tax 45
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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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BPM Creates Global Network of Firms

CPA Practice

San Francisco-based top 35 accounting firm BPM launched a new international network, BPM Global Ltd., on Feb. 3 made up of independent member firms, with Australia-based Enspira Financial as its first.

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Sales tax registration: The latest and what’s involved

TaxConnex

Its been almost seven years since the Supreme Courts South Dakota vs. Wayfair decision opened the door for remote sellers sales tax obligations in almost every state. In that time, online businesses need to get sales and use tax registration right has only intensified. Many businesses can now feel overwhelmed with managing sales tax obligations and by the number of applications they must file in every state where they have an economic or physical nexus.

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Will Trump’s Tariffs Impact How Americans Shop? Here’s What a New Poll Found

CPA Practice

Most Americans believe tariffs will lead to higher pricesand, as a result, many have already changed how they shop, new polling from YouGov reveals.

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What Makes a Business “Strong”?

Basis 365

Building a strong business isnt just about making moneyits about creating a company that can withstand challenges, outmaneuver competitors, and grow sustainably. Many businesses thrive in good times, but the real test comes when the market shifts, unexpected costs arise, or new competitors emerge. So, what separates the businesses that surviveand even growduring tough times from those that struggle?

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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.