April, 2025

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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.

Account 52
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Six Smart Questions for An Accurate and Timely Financial Close

Withum

Are you struggling to maintain accuracy and timeliness in your monthly or quarterly financials? These six strategic questions can help you create a framework for achieving precision and timeliness in your financial reporting. Have you established a detailed checklist that specifies all closing activities, assigns responsible individuals, sets clear deadlines, and is shared with everyone involved in the closing process?

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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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Ways to Manage the Limit on the Business Interest Expense Deduction

RogerRossmeisl

Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense. The TCJA created 163(j), which generally limits deductions of business interest, with certain exceptions. If your business has significant interest expense, its important to understand the impact of the deduction limit on your tax bill.

CPA 165
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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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My 2025 Guide to the Top 10 Accounting Conferences (and How to Pick Your Perfect Fit)

Nancy McClelland, LLC

I love attending accounting conferences. This comes as a surprise to no one who knows me (or even knows of me) Ive been featured in countless promo reels, given interviews on the topic, written tips & tricks articles, and talked up the amazing Accounting Cornerstone Foundation (more on them later) endlessly. Why? Accountants are boring, right? Why would anyone want to hang out with a bunch of them?

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How to Streamline Your Business’s Accounting Processes

GrowthForceBlog

10 min read April 2nd, 2024 Many small business owners spend too much time and money on back-office processes. In small and medium-sized businesses, owners tend to rely on manual processes. Plus, they often take on the daily bookkeeping and accounting tasks themselves or spend too much on hiring in-house professionals to manage their back-office processes.

Account 101

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SME practice boosts accounting capabilities

Accounting Insight

A specialist services provider couldnt keep up with client demands for accountancy it turned to Advancetrack to boost its offering. Describe your business to us Were a popular professional services provider to SME businesses. Our experts in the field provide niche support, and this offering expands into other areas as our relationship with a client develops.

Account 52
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The Importance of the Statement of Cash Flows

Basis 365

I recently had a conversation with a prospective customer who was puzzled by why their net income wasn't translating into a higher cash balance. A quick review of their balance sheet immediately revealed the issuethey had invested significantly in expensive vehicles, coupled with substantial loan obligations. To clearly illustrate the disconnect between their reported profits and actual cash available, the most effective tool to use was the Statement of Cash Flows.

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Blockchain in accounting: A guide for tax and accounting professionals

ThomsonReuters

Jump to What is blockchain? How blockchain works in accounting Key considerations for accounting professionals adopting blockchain Practical steps for accountants to get started The future of blockchain in accounting Transform your firm with blockchain In the rapidly evolving accounting landscape, staying ahead of technological advancements is crucial for maintaining a competitive edge.

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Exploring Business Entities: Is an S Corporation the Right Choice?

RogerRossmeisl

Are you starting a business with partners and deciding on the right entity? An Scorporation might be the best choice for your new venture. One benefit of an Scorporation One major advantage of an Scorporation over a partnership is that shareholders arent personally liable for corporate debts. To ensure this protection, its crucial to: Adequately finance the corporation, Maintain the corporation as a separate entity, and Follow state-required formalities (for example, by filing articles of incorp

CPA 213
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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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Seattle Tax Resolution Services: How Mike Habib, EA, Can Help Individuals and Businesses Resolve Tax Problems

MyIRSRelief

Seattle, Washington, is a bustling hub of innovation, commerce, and culture. From its iconic Space Needle to its thriving tech industry, the city is home to countless individuals and businesses striving for success. However, amidst the hustle and bustle, tax issues can arise, creating stress and financial strain for taxpayers. Whether its unfiled tax returns, back tax debt, 941 payroll tax issues, IRS levies, garnishments, or audits, these challenges can feel overwhelming.

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Tariffs and sales tax

TaxConnex

Tariffs have been in the headlines recently. What is the relationship between tariffs and sales tax? Essentially, tariffs are fees nations impose on each others imported goods and services. Tariffs are one way to rectify perceived imbalances in cross-border trade. American tariffs are almost as old as the country itself, but the current administration in Washington recently leveled them on a quantity of nations rarely, if ever, seen before.

Sales 130
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A Top Ten Firm is Frustrated Their Gen Z Staff Don’t Know How to Use Phones to Speak to Other Humans

Going Concern

It’s hard to write an article like this without coming off as some kind of boomer complaining about how kids these days are so [insert pejorative here] so allow me to preface this by saying I don’t intend anything I say here to be a value judgment. If we want to be completely fair about it, we millennials were the ones who pioneered the art of never answering the phone, far be it from one of us to say Zoomers are dumb for not wanting to talk on them.

Education 117
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Making compliance easier with a new Xero and BGL workpapers partnership

Xero

Delivering powerful, integrated tools for our accounting and bookkeeping partners to help their small business clients is a key focus for us at Xero. We understand the pressures you face the need for efficiency, accuracy, and seamless workflows is critical. We also know how important a reliable workpapers solution is to those workflows – having a comprehensive and efficient solution in one platform can make a huge difference to streamlining your compliance processes.

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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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AI in action: How to create a seamless end-to-end experience for your tax and accounting firm

ThomsonReuters

Jump to The power of AI in tax preparation How AI contributes to long-term sustainability in accounting Getting started with AI Are you ready to get AI in action for your tax and accounting firm? Imagine your accounting firm functioning like a well-oiled machine. From data collection to client communication, every task operates in perfect harmony. No more bottlenecks, repetition, or disjointed systemsjust seamless processes and satisfied clients.

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5 Business Succession Options and Their Tax Implications

RogerRossmeisl

When its time to consider your businesss future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether youre ready to retire, you wish to step back your involvement or you want a solid contingency plan should you unexpectedly be unable to run the business, exploring different succession strategies is key.

Tax 217
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Cybersecurity for Schools: Protecting K-12 Institutions from Rising Threats 

Withum

In recent years, cybersecurity for schools has become a critical concern as K-12 educational institutions have become prime targets for cybercriminals, leading to significant disruptions in educational services and compromising sensitive data. A recent report by the Center for Internet Security (CIS) reveals a concerning trend: 82% of K-12 schools experienced a cyber incident between July 2023 and December 2024.

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Introducing taxC – New product offering of AI-enhanced calculation technology and managed filing and remittance

TaxConnex

We are excited to announce a new offering from TaxConnex taxC . This powerful new solution combines advanced tax calculation automation with dedicated human oversight and supportdelivering end-to-end sales tax compliance. Combining the power of our managed filing and remittance services with CereTax s AI-enhanced calculation technology, taxC offers businesses a seamless, end-to-end sales, use and telecom tax management experience. taxC is designed to streamline and optimize the complex processe

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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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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).

audit 95
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The Path to Becoming a Process Lead at AccountingDepartment.com

AccountingDepartment

A Process Lead at AccountingDepartment.com plays a crucial role in our Implementation team's support of new client onboarding. Those who occupy this role are people who thrive in a fast-paced environment, enjoy working with a variety of personalities, and possess strong communication skills. Accuracy, attention to detail, and follow-through are also critical for success in this position.

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3 Bad Leadership Qualities That Will Stall Your Skagit County Business’s Growth

SkagitCountyTaxServices

In my precious moments of respite from tax season chaos this weekend (of which only two weeks remain, Ill remind you if you havent filed, get on that ASAP), I read an article that was a good reminder of why I started my business in the first place. It was about a nurse anesthetist who started making quilts for his son, and turned his hobby into a side hustle, bringing in 1.4 million a year.

CPA 86
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Deduct a Loss from Making a Personal Loan to a Relative or Friend

RogerRossmeisl

Suppose your adult child or friend needs to borrow money. Maybe its to buy a first home or address a cash flow problem. You may want to help by making a personal loan. Thats a nice thought, but there are tax implications that you should understand and take into account. Get it in writing You want to be able to prove that you intended for the transaction to be a loan rather than an outright gift.

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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.

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CTM CPAs & Business Advisors Joins Its Practice With Withum

Withum

Withum expands Midwest presence and strengthens franchise practice and services. Withum is excited to announce that on May 1, 2025, CTM CPAs & Business Advisors, a public accounting, tax and business consulting firm, headquartered in Lincolnshire, IL, joined its practice with Withum. CTMs four partners and approximately 50 team members will remain at their current Lincolnshire office located at 1 Overlook Point, Suite 19.

cpas 85
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What Is a Financial Statement? P&L Statement, Balance Sheet, and Cash Flow Statement

Patriot Software

Business owners need to have a pulse on their organization’s financial performance and cash flow for decision making and obtaining business financing. You can learn how your business is doing holistically by preparing different financial statements. So, what is a financial statement? What is a financial statement?

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Here Are Tax and Audit Salaries at Top 25, Top 300, and Regional Firms

Going Concern

Recruiting firm Brewer Morris has released its 2025 US CPA salary guide and should you want to read the whole thing you can request it from them here. Perhaps you, like us, were getting bombarded with ads for it on Reddit and have already seen it. It’s actually pretty cool how they do this guide. In it, they share some salaries for the 114 placements they made in 2024 including the position and city, like a tax manager in San Francisco getting $145,000 at a mid-size firm and an audit senio

audit 92
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The Silent Tax Risk Lurking in Your Office Equipment

BurklandAssociates

Startups often overlook business personal property taxbut states are cracking down. Learn how to stay compliant in 2025 and beyond. The post The Silent Tax Risk Lurking in Your Office Equipment appeared first on Burkland.

Tax 162
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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

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Registration Opens for Ensuring Success 2025: Up to 14 Hours of Free Streaming CPE Sessions in 2 Days – Dec. 10-11

CPA Practice

Ensuring Success is a 2-day, free online CPE conference that lets you earn up to 14 hours of CPE credits from your office or anywhere else. Dec. 10-11, 2025. Register now.

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FAQs About the Excess Earnings Method in Business Valuation

RogerRossmeisl

Valuation professionals use various methods to determine the fair market value of a private business or business interest. One of the more debated techniques is the excess earnings method. Here are answers to some common questions about this controversial method. Whats the excess earnings method? The U.S. Department of the Treasury originally developed the excess earnings method in 1920 to estimate value lost by businesses during Prohibition.

CPA 211
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LLCs vs. S Corporations vs. C Corporations: Choosing the Right Entity for Your Business

Withum

When starting your food or restaurant business, one of the most important decisions you’ll make is selecting the legal structure for your company. Each type of entityLLC (Limited Liability Company), S Corporation, and C Corporationcomes with its own advantages and disadvantages. Limited Liability Company (LLC) An LLC is a hybrid structure that combines the simplicity of a sole proprietorship or partnership with the liability protection of a corporation.

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Will Hill Explores Key Strategies for Firm Growth and Success

Canopy Accounting

In this episode of Canopy Practice Success, guest Will Hill shares insights from his 25-year journey, helping accounting firms grow and optimize their processes. Will, who runs his own consulting practice, discusses the nuances of balancing people and processes in firm operations. The episode emphasizes the importance of integrating advisory services into the accounting practice.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.