Fri.May 09, 2025

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Ranking the Best Accounting and Tax Tech for 2025: Professionals Vote for Their Favorites in the Readers’ Choice Awards

CPA Practice

The qualities necessary for success in the fields of accounting and tax have always included a natural inquisitiveness, a keen eye for details, being comfortable working with complex inter-related data, and sometimes working long hours, either due to reporting seasons or project deadlines. These traits are still necessary, but several other factors have grown critical.

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QuickBooks Desktop Cancellations: What Happens Next and How to Stay Ahead

SchoolofBookkeeping

What Happens When Your QuickBooks Pro or Premier Subscription Lapses or Is Cancelled? So, you’ve been living the dream with QuickBooks Desktop Pro or Premier, but now you’re staring down the barrel of a lapsed subscription—or worse, cancellation. What happens next? Does your data just vanish into the ether? Does Intuit send you a “Thanks for playing!

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IRS Issues New Warning For Taxpayers to Avoid Losing Money, Personal Data

CPA Practice

Even if you filed your tax return for the year, theIRS warned last week that taxpayers should remain on alert for some common scams to avoid losing money and personal data.

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Tech news: KPMG rolls out AI trust service

Accounting Today

Plus, EY announces Integrated Finance Managed Service; Ignition debuts AutoCollect solution; and other accounting tech news and updates.

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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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Small Business Tax Preparation Checklist

Patriot Software

There are two types of people come tax time. Youve got the ones who are excited and file their taxes on the first day they can. And, youve got the ones who moan and groan and file at the last minute. Which one are you?

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The Essential Benefits Of A Purchase Order System For Contractors

Randal DeHart

Running a small business is no small feat. Every purchase, every invoice, and every supplier relationship counts. But as your business grows, so does the complexity of managing procurement. This is where a Purchase Order (PO) System can help. The importance of a POS for contractors cannot be overstated. In the fast-paced and often unpredictable world of construction, managing resources effectively is crucial for the success of any project.

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Recognizing Our Military Spouses: Happy 2025 MilSpouse Appreciation Day!

AccountingDepartment

Our AccountingDepartment.com family is proud of its vibrant and diverse cast of characterswe span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong, and theirs as well.

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Overview of the AICPA Startup Accelerator – The Accounting Technology Lab Podcast – May 2025

CPA Practice

In the latest Accounting Tech Lab, Randy Johnston and Brian Tankersley, CPA, discuss the AICPA Startup Accelerator. Watch the video, listen to the audio, or read the transcript.

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AI great at simple tasks but struggles with complexity

Accounting Today

Artificial intelligence has indeed led tech-forward firms to be more efficient and productive, but at the same time firms have found it still struggles with precision and accuracy, limiting its usefulness.

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Malliotakis, Other House Republicans At Odds Over Higher SALT Cap

CPA Practice

Rep. Nicole Malliotakis(R-NY) suggested she backs theGOPleadership proposal toincrease the SALT cap to $30,000from the current $10,000, even as other Republican lawmakers trashed it as a non-starter.

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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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PCAOB gives more help on quality control standard

Accounting Today

The videos cover roles and responsibilities, ethics and independence, people resources, and technological and intellectual resources.

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BlackLine Expands Agentic AI Capabilities to Accelerate Future-Ready Financial Operations

CPA Practice

BlackLines AI innovations are designed to enhance, not replace, critical human decision-making while delivering measurable outcomes in speed, accuracy, and compliance.

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Don't charge Ritz prices for Holiday Inn experiences

Accounting Today

Just like hotels and restaurants, when you move up the price ladder, you move up the expectations ladder.

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10 Side Hustles that Pay $150 Per Day

CPA Practice

According to a recent report from the Bureau of Labor Statistics, approximately 5% of American workers currently have more than one job.

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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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On the move: EY hires AI-focused principal

Accounting Today

PICPA installs new president; PCAOB appoints acting chief economist; and more news from across the profession.

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Answering your MTD for Income Tax FAQs

Accounting Insight

In this blog, we answer all your FAQs related to MTD for Income Tax , as there remains uncertainty about HMRCs scheme. Weve taken key questions from webinars, events, and conversations with our customers, and put them all in one place, so we can clarify any confusion you may have. Lets start with the basics, then get into more specific, and software-based questions around compliance.

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US probes role of CrowdStrike bosses in Carahsoft IRS deal

Accounting Today

It remains unclear why the companies struck the deal without an IRS purchase, but Carahsoft previously said it stands by the cybersecurity tech transaction.

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Man Who Made False Gun Threat at Kansas City IRS Campus Gets Prison Sentence

CPA Practice

Anthony Alford, 46, of Kansas City, who was accused of making a false gun threat that set off an active shooter lockdown at theKansas City IRScampuslast year, has been sentenced to three years in prison.

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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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Should You Incorporate Your Rental Property

Ronika Khanna CPA,CA

For anyone looking to build wealth, achieve financial independence and/or retire early, it is important to build streams of passive income i.e. sources of income that are generated month to month without having to actively work for them. One of the most popular methods of building passive income is to purchase a property that generates rental income.

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Sovos Joins AWS ISV Accelerate Program

CPA Practice

The program helps AWS Partners drive new business by directly connecting participating ISVs with the AWS Sales organization.

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The Accountant 2.0

Accounting Insight

This is not the next iteration of the blockbuster film The Accountant, its a lot more exciting. Accountant and exciting are two words that are very seldomly used together until very recently. The rise of AI in accounting and auditing is not about replacing human professionals. Instead, it’s about augmenting their capabilities. As this technology takes on more routine tasks, for example coding expenses correctly or analyzing expenses for anomalies in processing accuracy.

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TaxPlanIQ Hosts Free Virtual Tax Advisory Summit

CPA Practice

The one-day free virtual summit, "2025 Tax Advisory Summit: Work Less and Earn More," on May 16 aims to provide a complete playbook for firm owners looking to start offering or enhance their existing tax planning and advisory services.

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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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Today's Headline Stories Friday May 9, 2025

Insightful Accountant

Check out our headlines on our new platform from the links in this story.

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Accounting Profesionals Can Now Improve Their Practices with Canopy Certifications

CPA Practice

Canopy University is a new certification and training program designed to help customers use the Canopy platform with greater confidence and skill.

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Doctors Waste Their Breath Warning Accountants About Private Equity

Going Concern

Wall Street Journal recently published a story about a pair of ER doctors who have shared a dire warning to accounting firms cozying up to private equity: Trust and quality will suffer. As we said on X , we’re pretty sure partners already know this and don’t care. But let’s look at what the good doctors had to say anyway: Drs. Bob McNamara and James Keaney, both former longtime emergency-room physicians, were early critics of private equity in healthcare who now say such owners

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Despite Political Promises, Californians are Stressed About Their Finances

CPA Practice

After voters in November sent a clear message that the rising cost of living remained a top concern, California lawmakers came to the state Capitol vowing to take decisive action.

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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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UK Insolvency Trends 2025: Key Considerations for Credit Managers 

Menzies

Menzies LLP - A leading chartered accountancy firm. As UK insolvencies remain high in early 2025, credit managers face an increasingly complex economic landscape. While total company insolvencies fell 7% year-on-year in February 2025, compulsory liquidations surged by 49%, highlighting the growing enforcement actions by creditors and HMRC. These figures show the growing financial pressures on businesses, particularly those in vulnerable sectors, such as construction, retail, hospitality, and man

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Wage Loss Damage Calculations

FraudFiles

Tracy talks about calculating damages for wage losses. These situations may include wrongful termination, wrongful death, or time lost from work due to an accident. She gives a helpful list of the types of damages that might be included.

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GOP eyes endowment tax hike in escalation of Ivy League feud

Accounting Today

The proposal would create a tiered system of taxation so that wealthy colleges and universities pay more as the size of their endowment grows.

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Should Businesses Show Tariff Costs?

CPA Practice

Most Americans feel that businesses should display tariff costs in their pricing, according to a new Economist/YouGov poll, which was released after Amazon reportedly contemplated such a policy.

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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.