Thu.Apr 24, 2025

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Optimizing Law Firm Entity Structures: A Guide for Law Firm Leadership

Withum

Choosing the right entity structure for your law firm is a critical decision that can impact your liability, taxation, and overall business efficiency. This article explores various law firm structures and provides strategies for optimizing them to ensure your firm operates smoothly and profitably. Common Law Firm Structures Sole Proprietorship A sole proprietorship is the simplest form of business structure, where the firm is owned and operated by a single individual.

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Baker Tilly and Moss Adams Are Combining to Create a Private Equity-Fueled Behemoth

Going Concern

We would have published this earlier were it not for a once-in-two-decades downtime issue when the story broke on Tuesday. So we’re doing it now. As teased by WSJ earlier this month , Baker Tilly and Moss Adams are in fact combining (or, depending on how you look at things, Baker Tilly is buying Moss Adams and integrating its life force into the host).

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Future-Proof Your Business with Strategic Financial Analysis

AccountingDepartment

In today's rapidly evolving business landscape, it is crucial for organizations to future-proof their operations to ensure long-term success. One of the key pillars of achieving this is strategic financial planning and analysis. By efficiently overseeing your financial resources and utilizing data-driven insights, you can strategically position your business to manage uncertainties and seize emerging opportunities.

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KPS3 saved 60+ hours a week by switching from NetSuite to Accounting Seed

Accounting Seed

From spreadsheets and overtime to streamlined success For KPS3, a full-service advertising and marketing agency in Reno, Nevada, billing used to be a multi-department marathon. The team was spending more than 60 hours a week just trying to bill clients and close the booksrelying on a 400-row spreadsheet to patch together data from NetSuite, Salesforce, and payment processing tools.

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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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Top Remote Tax and Accounting Candidates of the Week | April 24, 2025

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.

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What to Look for in Accounting Automation Software

Accounting Seed

For years, accounting has been weighed down by manual data entry, siloed departments, and hours of tedious reconciliation. Accounting automation software flips that script, offering smarter, faster, and more reliable financial processes. In this blog, well walk you through what accounting automation software is in a nutshell, how itll support different parts of your workflow, and its benefits.

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The Giving Circle Movement With Grapevine Giving

Withum

Theres so much value in connection with others, the sense of belonging, the learningOften, participating in a giving circle leads people to then have a bigger philanthropic and civic life. Explore Other Episodes #CivicWarriors #WithumImpact The post The Giving Circle Movement With Grapevine Giving appeared first on Withum.

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How CPAs Can Maximize the Impact of Clean Energy Tax Credits

CPA Practice

Accountants can play a crucial role in helping their clients take full advantage of the Inflation Reduction Act's clean energy tax credits through strategic planning.

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Beyond Busy Season Burnout

Insightful Accountant

You have wrangled Form 1040 into submission, battled late-night coffee jitters, and sent the final e-file into the ether. Congratulations, Tax Pro, the April dust has settled. Now breathe.

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Accounting Seed Releases AI Invoice Capture for Finance Teams

CPA Practice

AI Invoice Capture uses the latest artificial intelligence and predictive technology to streamline invoice processing and reduce manual accounts payable work.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Tax Fraud Blotter: For the Dough

Accounting Today

The day after; three and out; what a punk; and other highlights of recent tax cases.

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Iowa Society of CPAs Selects Carrie Steffen as New CEO

CPA Practice

The Iowa Society of CPAs (ISCPA) announced that Carrie Steffen will become its next CEO, effective May 19.

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Five tips to improve your business credit score

Xero

As a small business, your credit score signals to lenders, vendors, and investors how well you manage debt. Building a strong business credit score can be simple, and it often comes with major benefits: Get approved for bigger loans and higher credit limits at lower interest rates Enjoy more favourable terms for rent, insurance, and vendor/supplier contracts Qualify for public and private contracts Yet even with these advantages, many business owners dont know how to check their business credit

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Cetrom Expands On-Site IT Services Nationwide

CPA Practice

This strategic initiative aims to enhance client support and deliver tailored, hands-on solutions to meet the diverse technological needs of modern firm environments nationwide.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

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Tax season is over, now comes the hard part

Accounting Today

U.S. tax professionals can learn from strategies in other countries like Brazil.

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U.S. Initial Jobless Claims Tick Up, DOL Data Shows

CPA Practice

Initial claims for benefits increased by 6,000 to 222,000 in the week endedApril 19, according toLabor Departmentdata released on Thursday.

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KPMG builds AI agents into audit platform

Accounting Today

Big Four firm KPMG announced that it has built several new AI agents into its global smart audit platform Clara, with plans to develop more in the future.

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Payroll Integrations and UKG Partner to Automate Payroll and Benefits Administration

CPA Practice

Payroll Integrations, a benefits automation provider, has introduced a new technology partnership with UKG, a leading global provider of HR, payroll, and workforce management, and culture solutions.

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How Emotionally Intelligent Leaders Drive Business Results

Employees who feel listened to show a 64% longer commitment to tasks (Forbes). And that’s just for starters. Learn how emotionally intelligent leaders drive business results. Download Paycor’s guide for the full story.

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Have You Heard Murph's Alter Ego Yet?

Insightful Accountant

Murph has a new 'alter ego' appearing on our new hosting site.

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Ignition Touts New Integration With Wolters Kluwer’s CCH Axcess

CPA Practice

With this integration, accounting firms using CCH Axcess can automate their client workflows from first engagement to final payment using Ignitionimproving efficiency, cash flow, and profitability.

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Xero's Biggest Launch: Reconcile Period & Invoice Editor with Eli Danziger

Insightful Accountant

Discover key product updates from Xero, including insights from Eli Danziger on the importance of direct user feedback in product development.

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Claim a refund if you have overpaid tax

Inform Accounting

There are various reasons why tax may be overpaid, and when more tax has been paid than is due, it is understandable that the taxpayer will want this to be refunded as soon as possible. The process for claiming a refund depends on why the overpayment arose.

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Navigating Financial Storms: Strategies for Building Resilient Balance Sheets

Speaker: Carolina Aponte - Owner and CEO, Caja Holdings LLC

In today's rapidly changing business environment, building a resilient balance sheet is crucial to the survival of any business. A resilient balance sheet allows a company to withstand financial shocks and adapt to changing market conditions. To achieve this, companies need to focus on key strategies such as maintaining adequate liquidity, managing debt levels, diversifying revenue streams, and prioritizing profitability over growth.

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How to NetSuite - Demand Planning

Insightful Accountant

Murph looks at the NetSuite Demand Planning feature, which many refer to as MRP (Materials Resource Planning).

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Multi-Level Marketing (MLM) False Claims

FraudFiles

One of the most upsetting parts of the recruitment into a multi-level marketing company is the false earnings claims. People are lured into these companies with the promises of riches. It is not only done by presenting the tiny fraction of people at the top of the pyramid as typical when they are not. It [.

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Ignition Integration with Wolters Kluwer’s CCH Axcess™ Transforms Client Engagement and Payment for Top Accounting Firms

Insightful Accountant

Integration sets a new standard for how mid-sized and enterprise accounting firms in the US engage clients and get paid.

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What is telecom tax?

TaxConnex

If only there was one answer. Companies in the non-telecom world just need obvious physical presence or a quantified economic presence to be required to collect and remit sales tax. In telecom, a company incurs sales tax obligations wherever they have customers; tax jurisdictions reason that a telecom must use infrastructure to deliver products and services, aka attributional nexus.

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The CFO Playbook: How to Decrease Costs & Increase Engagement

In a volatile economy, CFOs and finance leaders need to do a magic trick. On the one hand, you must pull out every cost-saving trick you can to run the organization efficiently. On the other hand, you need to find ways to motivate and engage your teams so that morale doesn’t take a hit. In Paycor’s new whitepaper, we share 13 practical ideas to accomplish both of those objectives.

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First-Quarter Tax Lobbying Explodes as Reconciliation Package Looms

CPA Practice

There were more than 300 new lobbying registrationsdisclosures firms file when they acquire new clientsciting tax policy issues, up more than 200% compared to the first quarter last year and more than 260% compared to the previous quarter.

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Introducing US online bill payments, powered by BILL

Xero

US-based small business customers can now pay bills online, directly from Xero: no more logging in and out of multiple platforms or writing and sending checks. Im excited to share that you can now securely pay multiple bills at once and track payment statuses, without leaving the Xero platform. This new feature is powered by BILL, a leading financial operations platform for small and midsize businesses.

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Trump Says Millionaire Tax Would Push Wealthy to Leave the U.S.

CPA Practice

The president said imposing a higher tax rate on millionaires would spur the countrys richest to leave theU.S., downplaying an idea that is under discussion in some Republican circles as a way to pay for an economic package.

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Tax reconciliation bill makes headway

Accounting Today

President Trump's "big, beautiful bill" extending the expiring provisions of the Tax Cuts and Jobs Act and adding more tax breaks is making progress.

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Do You Have an Immediate Need for Skilled Offshore Staffing?

With the proliferation of offshoring options comes an increase in human resources challenges when using overseas employees. This whitepaper takes a closer look at the top HR management challenges in offshoring teams and the next best actions to overcome them. Download this comprehensive guide, "Overcoming Human Resource Management Challenges in Offshoring Teams," to learn more!