Sat.Mar 22, 2025 - Fri.Mar 28, 2025

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Predictive analytics will transform accounting

Accounting Today

By helping accountants to predict results and make informed, proactive decisions, the rise of predictive analytics improves traditional accounting tasks.

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The Future of Business: Outsourced Accounting Services

Basis 365

The way businesses handle their finances is evolving. Managing accounting in-house is expensive, time-consuming, and often inefficient. Hiring full-time staff, maintaining software, and ensuring compliance take valuable resources away from growth. Outsourced accounting services offer a smarter approach. By leveraging cloud-based technology and expert financial support, businesses can reduce costs, improve accuracy, and gain real-time financial insights.

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Expert insights on payroll data security and tax scams in 2025

ThomsonReuters

Businesses continue to face serious cyber threats that target payroll and tax information. As scams become more common, it is important for companies to protect sensitive data and stay compliant with regulations to better secure their payroll processes and reduce risks. Cliff Steinhauer, Director of Information Security and Engagement at The National Cybersecurity Alliance (NCA), recently highlighted the importance of recognizing common payroll-related tax scams, understanding the evolution of d

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Want to include AI in your accounting course? 24 step-by-step tutorials and more…

Wendy Tietz

AI is transforming how we workand our students need to be ready to use AI in their future careers. As educators, we have a responsibility to help them understand how to use tools like ChatGPT responsibly and effectively.

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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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The Month-End Close Process: A Behind-the-Scenes Look for Business Owners

Basis 365

The month-end close process is a critical accounting procedure that ensures the accuracy of financial statements, providing a snapshot of your business's financial health. While many business owners rely on these reports to make informed decisions, few understand the extensive effort required to produce them. This blog walks you through the steps involved in the month-end close and explains why each step is vital for reliable financial reporting.

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Why Real-Time Financial Reporting is Essential for Your Business

AccountingDepartment

Financial reporting has long been a fundamental component of successful business management. It serves as the blueprint for decision-making, reveals opportunities, and identifies risks. Yet, in a rapidly changing economic environment, depending only on monthly or quarterly financial statements is gradually becoming outdated.

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Do You Have an Excess Business Loss?

RogerRossmeisl

If an individual taxpayer has substantial business losses, unfavorable federal income tax rules can potentially come into play. Heres what you need to know as you assess your 2024 tax situation. Disallowance rule The tax rules can get complicated if your business or rental activity throws off a tax loss and many do during the early years. First, the passive activity loss (PAL) rules may apply if you arent very involved in the business or if its a rental activity.

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Friendly Reminder Not to Work Yourself to Death For This Profession

Going Concern

Saw this on the bird app yesterday and thought its message would be worth passing along what with 20 days remaining until April 15 and nerves as strained as ever around here. We need to do a better job at pushing healthy boundaries in our profession. Third time this week someone has called the office looking for an accountant because their current one has either passed away or is in critical condition in the hospital. — Albert J.

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Beyond the bottom line: How FinOps turns finance leaders into innovation drivers

Accounting Insight

The rise of cloud computing has transformed how businesses operate, offering scalability, flexibility, and innovation at an unprecedented pace. However, for finance leaders, this shift presents a challenge: how to manage unpredictable cloud costs while ensuring financial discipline and strategic investment. Enter FinOps (Financial Operations) a cloud financial management discipline that helps businesses maximise the value of their cloud investments.

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5 Reasons Growing Startups Need an ERP System

BurklandAssociates

Scaling a startup is exciting, but the wrong tools will slow you down. An ERP system automates tasks, centralizes data, and boosts efficiency for smarter growth. The post 5 Reasons Growing Startups Need an ERP System appeared first on Burkland.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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Taming the Tax Tangle if You’re Retiring Soon

RogerRossmeisl

Retirement is often viewed as an opportunity to travel, spend time with family or simply enjoy the fruits of a long career. Yet the transition may bring a tangle of tax considerations. Planning carefully can help you minimize tax bills. Below are four steps to take if youre approaching retirement, along with the tax implications. 1. Consider your post-career lifestyle Begin by assessing what retirement might look like for you.

Tax 164
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Enhancing Financial Management for Advertising and Marketing Firms

Withum

Advertising and marketing firms operate in a fast-paced, ever-changing environment where creativity, strategy and client relationships drive success. However, behind the scenes, these firms often face challenges with financial management, resource allocation and performance analysis. Without addressing these critical areas, issues like cash flow gaps and unclear project profitability can hinder a firm’s ability to scale and succeed in a competitive market.

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The Future of Business: Outsourced Accounting Services

Basis 365

The way businesses handle their finances is evolving. Managing accounting in-house is expensive, time-consuming, and often inefficient. Hiring full-time staff, maintaining software, and ensuring compliance take valuable resources away from growth. Outsourced accounting services offer a smarter approach. By leveraging cloud-based technology and expert financial support, businesses can reduce costs, improve accuracy, and gain real-time financial insights.

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Shutting Down Your Tech Company? Take These 5 Steps

Shay CPA

Deciding to close down operations at a company you founded is never easy. This venture represents a lot of time, energy, and money. Shutting it down can feel like a major loss. At the same time, though, it might come with some measure of relief. By the time youre deciding to close up shop, youve probably had some difficult months or even years. Youve felt your runway slipping away and you might be, in some ways, ready to end this chapter.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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You May Be Able to Make a Deductible IRA Contribution for Last Year This Year

RogerRossmeisl

If youre getting ready to file your 2024 tax return and your tax bill is higher than youd like, there may still be a chance to lower it. If youre eligible, you can make a deductible contribution to a traditional IRA until this years April 15 filing deadline and benefit from the tax savings on your 2024 return. Whos eligible? You can make a deductible contribution to a traditional IRA if: You (and your spouse) arent an active participant in an employer-sponsored retirement plan, or You (or your s

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Tax season 2025 so far: By the numbers

Accounting Today

With tax season underway, here are the filing statistics, updated weekly.

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Deduction of Interest Expense During Prolonged Real Estate Development

Withum

If the development of a real estate property is executed without any complications, the project will begin operations and be placed in service post-production. However, what if unexpected situations delay construction? There may not be material costs, but if a project is funded with loans, interest will continue to accrue. This article takes a closer look at the tax treatment of interest expense during prolonged real estate development.

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The Inventory Loophole: Using the NIMS Method

CTP

When you hear about the Tax Cuts and Jobs Act (TCJA), typically people are speculating about the future of the tax laws that expire this year. What we hear less about are the tax provisions that were made permanentand that could be beneficial to your business. For instance, when you established your business, you selected a method of accounting. If you have a C corporation or a larger business, that decision may have been made for you, since most of these entities are required to use the accrual

Tax 52
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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Financial Relief for Families: The Benefits of the Child Tax Credit

RogerRossmeisl

The Child Tax Credit (CTC) has long been a valuable tax break for families with qualifying children. Whether youre new to claiming the credit or youve benefited from it for years, its crucial to stay current on its rules and potential changes. As we approach the expiration of certain provisions within the Tax Cuts and Jobs Act (TCJA) at the end of 2025, heres what you need to know about the CTC for 2024, 2025 and beyond.

Tax 143
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Accounting firms declare their independence

Accounting Today

In an era dominated by private equity and merger mania, firms that want to stand alone have to make that a conscious and continual choice.

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Aprio and RSM US Make a Deal

CPA Practice

Top 30 firm Aprio and top five firm RSM US have reached an agreement for Aprio to acquire RSM's Professional Services+ practice operating in the U.S. andCanada.

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BGL enhances CAS 360 integration with Xero Practice Manager

Accounting Insight

BGL Corporate Solutions (BGL), a leader in company compliance solutions, has announced an enhanced integration of its company secretarial software, CAS 360, with Xero Practice Manager. This development introduces a more seamless two-way integration, enabling professional firms to manage their practice efficiently with a single firm database. The integration simplifies the management of company, trust, and individual client/contact data across both platforms, eliminating manual and duplicate data

Account 52
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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Perception vs Reality: What is the Value of a Business Interest?

RogerRossmeisl

A business interests value is more than just a number to its owner. It represents years of hard work, sacrifice and investment. Owners often believe they have a clear understanding of their companys worth. But emotions and optimism about future earnings can cloud their perception. Lets look at psychological factors that may affect owners value perceptions and why the numbers might tell a different story.

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FinCEN rule removes BOI reporting requirements for US companies

Accounting Today

The interim final rule removes the requirement under the Corporate Transparency Act for U.S. companies and people to report beneficial ownership information.

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Hawaii to Charge EVs a Road Usage Tax Starting July 1

CPA Practice

Revenue generated by Hawaiis gas taxes is declining because more Hawaiians are driving electric and hybrid vehicles. The RUC isdesigned to providefair, long-term, sustainable funding for Hawaiis roads, according to the Department of Transportation.

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Now EY Is Talking About Mercilessly Consolidating Its Global Units

Going Concern

It’s not often we get to say Deloitte, EY, or PwC are following in KPMG’s footsteps but here we are. The phrase of the day is “global reorganization” and we should all be asking wtf is happening when two Big 4 firms are talking about doing it. In KPMG’s case, high level discussions are being had about merging together dozens of independent KPMG entities to “boost growth and prevent audit scandals” (per a FT source).

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Do Your Salespeople Come By Their Commissions Honestly?

RogerRossmeisl

Preventing financial losses from occupational fraud requires your company to remain vigilant. In a nutshell: Trust employees, but routinely verify they arent stealing. This includes salespeople who, if theyre unethical, could falsify sales commission records to illicitly line their own pockets. Because its sometimes impossible to spot crooks in your midst, be aware of potential sales commission fraud schemes and how best to detect and prevent them.

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IRS gives new guidance for scam victims to deduct theft losses

Accounting Today

Taxpayers that suffer a smaller loss might not have the sophistication to know that they could be entitled to take a theft loss deduction, warns one expert.

Tax 115
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Stock Market Surge in 2024 Means Higher Taxes in 2025

CPA Practice

With capital gains, dividends and interest income soaring, many taxpayers are seeing the flip sidebigger tax bills and smaller refunds.

Tax 109
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Voting for the 2025 ProAdvisor Awards Closes on Tuesday

Insightful Accountant

Voting for the ProAdvisor Awards closes on Tuesday April 1. If you haven't voted for the 2025 ProAdvisor Awards now is the time to cast your ballot for both U.S. and International candidates.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R