5 Minute Bookkeeping

MARCH 17, 2025

If youve ever opened a clients QuickBooks file only to find a mess of uncategorized transactions, undeposited funds, unapplied payments, or miscategorized expensesyoure not alone. Its easy to feel overwhelmed. But the ability to diagnose these issues is what truly sets great bookkeepers apart. Its more than just identifying errors; its about understanding the root cause and knowing exactly how to fix it.

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Accounting Today

MARCH 18, 2025

KPMG LLP has taken a significant step by launching KPMG Law US, marking a milestone as the first law firm owned by a Big Four firm to serve the U.S. market.

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Basis 365

MARCH 16, 2025

Running a successful business in 2025 requires more than just a great product or service, you need accurate financial insights to guide your decisions. Accurate financial reports provide a clear picture of your companys health, helping you track performance, manage cash flow, and plan for growth. Without these reports, you could be making decisions based on incomplete or outdated information, leading to costly mistakes.

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Accounting Today

MARCH 17, 2025

To prepare for a GenAI-driven future, businesses must maintain impeccable, validated and standardized investment data.

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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.

Finance

Insightful Accountant

MARCH 16, 2025

In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with Sona Akmakjian, Global Head of Strategic Accountant Partnerships at Avalara, to discuss the evolving landscape of tax compliance.

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CTP

MARCH 17, 2025

Partnerships are a commonly misunderstood business structure. Because they are perceived as complicatedand sometimes they can bemany entrepreneurs shy away from this entity type and miss out on the many benefits they have to offer. What makes partnerships distinctive? Partnerships are pass-through entities, so they are not subject to corporate income tax.

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ThomsonReuters

MARCH 17, 2025

Blog home With regulatory bodies intensifying their focus on audit quality , todays audit professionals face a growing level of scrutiny around their work. With so much at stake, firms of all sizes must seize on every advantage they can find. But where do you start? To adapt to an industry in flux, audit professionals must harness modern solutions that offer robust documentation frameworks, advanced technology, and proven audit methodology.

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Accounting Today

MARCH 18, 2025

No matter where a CPA practice is in its life cycle, owners should have growth in mind.

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Canopy Accounting

MARCH 18, 2025

Is your accounting firm prepared for the future? Find out by reading about the technologies that are forever changing how we approach accounting operations.

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Going Concern

MARCH 20, 2025

Some potentially juicy news coming out of North Carolina today : The Alexander County Sheriffs Office has received numerous calls related to the accounting firm of Price, Breazeale & Chastang, PA. The Sheriffs Office has been in contact with the North Carolina Board of CPA Examiners pertaining to the business. This business is located off of Shiloh Church Road in the Bethlehem community of Alexander County.

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Advertiser: Paycor

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.

Withum

MARCH 17, 2025

These days, nothing is more fluid in the United States than the term tariffs. While debate can be had on the macroeconomics and impacts of tariff policy on the U.S. economy, the tariff discussion appears to be ongoing for the foreseeable future. Because of this, business owners and managers will need to contemplate the impacts of tariffs on their financial reporting process.

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AccountingDepartment

MARCH 20, 2025

Scaling a business is an exciting yet challenging endeavor. As companies grow, financial complexity increases and the need for accurate financial oversight becomes critical. Many businesses find themselves in a position where their bookkeeping is well-managed, but they lack the high-level financial insights necessary to make informed decisions. This is where controller services play a vital role in helping companies scale efficiently.

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Anders CPA

MARCH 19, 2025

The St. Louis Business Journal has named Anders one of the 99 largest accounting firms in St. Louis, marking the third year the firm has been included. Anders came in fourth on the list, based on the number of local CPAs employed by each firm: After several years of sustained growth through mergers and recruitment efforts, Anders employs 113 local CPAs and 141 CPAs firmwide.

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Xero

MARCH 19, 2025

The UK government has launched a consultation on eInvoicing , an initiative that has the potential to revolutionise how we handle invoices, and bring significant benefits to businesses and the economy. The purpose of the consultation is to gather views from a range of businesses on standardising eInvoicing and increasing its adoption across the UK. We encourage you to engage with the consultation (which closes on 7 May 2025).

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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.

Technology

ThomsonReuters

MARCH 20, 2025

Lets be honest. People dont get into accounting to be data entry specialists. They want meaningful work that makes a difference in their clients’ lives. However, because of long-held perceptions of mundane work and long hours, accounting firms face challenges in attracting and retaining high-quality staff, especially as younger generations seek more flexible, technology-driven work environments.

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Withum

MARCH 20, 2025

Withum is proud to share that Lilit Nersisyan , CPA, has been recognized by LA Times B2B Publishing as a Banking & Finance Industry 2025 Visionary. The list includes the top trusted advisors in the Los Angeles area who routinely rise to meet ongoing challenges and help create financial security. Lilit Nersisyan is an audit Principal with over 12 years of experience in Financial Services.

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Going Concern

MARCH 17, 2025

Morning, people. 29 days to go until April 15. Got some bad news. We are, in fact, getting dumber : Though there has been a demonstrably steep decline in cognitive skills since the COVID-19 pandemic due to the educational disruption it presented, these trends have been in evidence since at least the mid-2010s, suggesting that whatever is going on runs much deeper and has lasted far longer than the pandemic.

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Basis 365

MARCH 18, 2025

We often hear business owners say they are a "midsize" company or outsourced bookkeepers state they serve both small and midsize businesses. In reality, these terms are often misused and can add some confusion who a business really serves. When most people think of a midsize business, theyre usually describing a larger small businessone that has grown but still lacks the complexity and scale of a true mid-market company.

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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.

Spend Management

BurklandAssociates

MARCH 18, 2025

Strong accounting is essential for biotech startups to stay compliant with FDA regulations, secure grants, and avoid costly financial and regulatory pitfalls. The post Why Biotech Startups Need Flawless Accounting for FDA and Grant Success appeared first on Burkland.

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Withum

MARCH 17, 2025

On March 12, 2025, the Securities and Exchange Commission (SEC) issued a no-action letter which provided assistance for issuers and investment funds relying on Rule 506(c) of Regulation D. While prior guidance existed on the application of minimum investment amounts as a factor in determining whether an issuer has satisfied the requirement to take reasonable steps to verify purchasers accredited investor status, further clarification has now arrived.

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ThomsonReuters

MARCH 20, 2025

From an unending stream of regulatory changes to increasing client demands, the accounting profession is in a constant state of change. Just as one tax season wraps up, the next is already on the horizon, bringing with it new rules, expectations, and challenges. But more and more firms are realizing that taking a proactive approach reflecting on last year’s challenges and implementing smarter strategies can better position them to thrive in an increasingly complex landscape.

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Going Concern

MARCH 19, 2025

The other day the PCAOB proudly announced that it was punishing several members of KPMG’s global network , those being: KPMG Brazil, KPMG Canada, KPMG Italy, KPMG Israel, KPMG UK, KPMG Mexico, KPMG Samjong, KPMG Switzerland, KPMG, KPMG Australia. All they had to do was nab KPMG Kenya and it would be a true world tour of audit naughtiness. Oh sorry, that’s ignorant of us just assuming there’s a KPMG Kenya.

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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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Canopy Accounting

MARCH 19, 2025

In this episode of the Canopy Practice Success Podcast, Jasen Stine joins us with his knowledge as an experienced tax and accounting professional. We discuss Jasen's background, including his 25 years in the industry and recent transition to consulting for firms wanting to move towards advisory services. The conversation delves into the benefits and challenges of shifting to a subscription-based model, especially for firms with an established client base.

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CTP

MARCH 21, 2025

When it comes to choosing an entity type, many entrepreneurs are drawn to S corporations and may make an election without truly weighing the pros and cons of each option. Business owners may not think to ask their tax planner for advice on business structures, but offering your expertise early in the process can help your clients save significantly on their tax bill down the road.

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Acterys

MARCH 21, 2025

In a world where data is the foundation of decision-making, the ability to seamlessly gather, integrate and act on information is critical. At Acterys, weve reimagined data architecture to address the challenges organizations face to unlock the true potential of their data. The reason were so focused on this One UI, One Database approach is that organizations are fed up with fragmented data silos, disconnected insights, needlessly rigid tools and processes, along with limited write-back function

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Withum

MARCH 18, 2025

Withum is proud to announce that Anni Chen , Audit Manager and CPA, has been nominated for CalCPAs Experienced Leader Award. For 10 years, Chen has demonstrated exceptional success across several industries, including life sciences, technology and financial services. The CalCPA Women to Watch Awards celebrates the accomplishments of women CPAs who are making a difference in their industry and communities.

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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.

Finance

Going Concern

MARCH 21, 2025

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.

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CTP

MARCH 21, 2025

When you are starting a new business or attempting to reduce the tax bill for your existing business, how do you decide which entity type is right for you? Entrepreneurs these days tend to gravitate towards S corporations almost as a default, and certainly, this can be the right choice for certain businesses and comes with its own set of tax advantages.

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Acterys

MARCH 21, 2025

As the demand for agile, scalable, and user-friendly IT systems continues to grow, the old ways of buying software are proving challenging for CIOs and their teams. Whether its ERPs, HR, CRM, Finance, cloud apps or database systems, increasingly complex software portfolios prove hard to maintain, require constant workarounds, and are always expensive to integrate.

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CPA Practice

MARCH 19, 2025

When it comes to launching a side hustle after years of experience in the working world,you have a choice: Either start your own business or join an existing side-hustle platform that matches people with opportunities.

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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

Technology