Insightful Accountant
APRIL 30, 2025
The accounting profession is experiencing a profound transformation. Rearview mirror accounting is giving way to forward-looking advisory services, driven by client demand, regulatory complexity, and technological advancement.
Canopy Accounting
APRIL 30, 2025
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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Accounting Insight
APRIL 29, 2025
In the current business environment, organisations face numerous challenges that require innovative and flexible solutions. Leveraging external expertise has become a winning strategy for thriving in the long run. The recent UK Spring Statement underscored the importance of addressing resilience and adaptability, detailing strategies to assist businesses in navigating market fluctuations effectively.
ThomsonReuters
APRIL 28, 2025
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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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
Canopy Accounting
APRIL 29, 2025
In the final part of this four-part series, accounting technologist Liz Scott explores how to use Canopy Insights to unlock firm-wide visibility and smarter decision-making. Youll learn how to identify team capacity, monitor task progress, analyze service profitability, and create custom reports that drive growth. From dashboards to AI-generated answers, this session helps you turn data into a strategic advantage.
Canopy Accounting
APRIL 29, 2025
How do you turn your firms services into scalable systems? In part three of this four-part series, accounting technologist Liz Scott walks through how to package your offerings into client engagement templates using Canopy. Youll learn how to define your services, bundle them into clear engagement terms, automate recurring tasks, and simplify delivery with built-in communication and billing tools.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Going Concern
APRIL 29, 2025
Get a load of this article Reuters published today: A short excerpt: U.S. accounting firms including RSM US, Moss Adams, Bain Capital-backed Sikich and Apax Partners-backed CohnReznick are expanding their operations in India to tackle an acute shortage of accountants at home. “This could be the breakthrough moment for public accounting firms in India,” Balaji Iyer, managing partner at Moss Adams India, told Reuters. “Right now, the U.S. is facing a significant and growing short
Shay CPA
APRIL 30, 2025
Keeping investors satisfied is a big, important undertaking for any company thats funded by outside sources. If your organization is backed by venture capital (VC) equity, that probably means having regular board meetings with key VC stakeholders. That can be a daunting proposition, but it also presents an opportunity. At the board meeting, youll have experts gathered in the room ready to guide your business.
Accounting Insight
APRIL 28, 2025
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.
RogerRossmeisl
APRIL 26, 2025
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
Advertiser: Paycor
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TaxConnex
MAY 1, 2025
E-commerce began and soon exploded as a spinoff from brick-and-mortar retail. Now the spinoff is large enough to generate its own spinoffs, one of which is quick commerce, or q-commerce. This pairing of e-commerce and brick-and-mortar retail, sometimes called on-demand delivery, means a mouse click and digital payment initiate delivery within an hour or two.
CPA Practice
MAY 2, 2025
The $10,000 cap on SALT, one of the most contentious issues in theGOPdebate on its giant tax bill, remained unresolved as lawmakers leftWashingtonon Thursday.
Randal DeHart
MAY 2, 2025
Running a business involves countless moving parts, which can feel overwhelming. From managing projects and keeping the team on the same page to ensuring profitability, have you ever sent an email about a critical update only to find that team members missed it? With a job management system, those headaches disappear. Given the industry's complexity and unique challenges, effective job management is crucial for construction contractors.
RogerRossmeisl
APRIL 26, 2025
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.
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.
TaxConnex
APRIL 29, 2025
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.
Xero
APRIL 28, 2025
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.
CPA Practice
MAY 2, 2025
Nonfarm payrolls increased 177,000 last month after the prior two months advances were revised lower, according toBureau of Labor Statisticsdata out Friday. The unemployment rate was unchanged at 4.2%.
RogerRossmeisl
APRIL 27, 2025
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.
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.
Withum
APRIL 29, 2025
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.
BurklandAssociates
APRIL 29, 2025
Convertible debt or SAFE? Learn how these popular tools affect your valuation, dilution, and investor dynamics. The post The Role of Convertible Debt and SAFEs in Fundraising appeared first on Burkland.
CPA Practice
MAY 2, 2025
The Troy, MI-based top 40 accounting firm is combining withMartinet Recchia, a family-owned CPA firm in the Cleveland suburb of Willoughby, OH.
RogerRossmeisl
APRIL 27, 2025
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.
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.
ThomsonReuters
MAY 1, 2025
Highlights: 4% of tax professionals welcome new technology, with 42% exploring AI AI enhances rather than replaces tax professionals, acting as a “digital junior resource” for repetitive tasks Successful AI integration requires building trust, experimentation, and starting with accessible tools in existing systems Responsible AI demands attention to privacy, bias prevention, and oversight, with future trends The buzz around artificial intelligence (AI) isn’t just hype anymore,
Accounting Insight
MAY 2, 2025
Its no secret that accountants are stretched during tax return season. Theres hardly time to stay on top of each clients basic needs yet alone advising them on their tax affairs. This is now made possible through Intelligent Automation, giving accountants the ability to automate the personal tax return process; from collating documents, to submitting to HMRC.
CPA Practice
APRIL 29, 2025
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.
RogerRossmeisl
APRIL 26, 2025
There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing up. Heres a quick summary of the current federal tax treatment of transportation-related benefits. Mass transit passes For 2025, employer-provided mass transit passes for train, subway and bus systems are tax-free to a recipient employee up to a monthly limit of $325.
Advertiser: Paycor
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.
Withum
APRIL 28, 2025
Artificial Intelligence (AI) continues to evolve, becoming integral to business strategies and operations across various industries. Finance teams especially are seeing fast-paced changes, driven by the integration of AI with human insight. According to a Gartner study , researchers found that 39% of finance organizations are currently using AI/machine learning (ML), with an additional 29% planning to follow suit in the future.
Shay CPA
APRIL 28, 2025
For startups in New York City, offering a 401(k) or other retirement savings plan is not only a smart move for attracting and retaining talentit may also be required by law. New York City (and New York State) have enacted regulations that mandate eligible private-sector employers to provide a retirement plan option if certain conditions are met. If you’re a startup founder or small business owner with fewer than 10 employees, you might be wondering: Do these rules apply to me?
Accounting Insight
APRIL 28, 2025
Recapping the message from The VAT Teams speaker slot at Accountex last year, Rebecca Porter summarises how you proactively manage and advise your clients VAT. For accountants, VAT compliance work presents both challenges and opportunities. Take the common start up and small business question When should I register for VAT? Whilst an email that starts with You must register when your turnover breaches the VAT registration threshold isnt wrong, if you dont factor in things like VAT being incurre
RogerRossmeisl
APRIL 27, 2025
For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer can generally deduct PALs only to the extent of passive income from other sources, if any. For example, if you have positive taxable income from other rental properties, that generally counts as passive income.
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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