Sat.Feb 15, 2025 - Fri.Feb 21, 2025

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Accountants see bigger hiring and pay boosts

Accounting Today

Hiring and salaries grew more quickly for accountants than any other job group last year, according to a new report.

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Fractional CFO vs. Controllers: Which Does Your Business Need?

Basis 365

If youre growing your business, your financial leadership is essential for sustainable success. However, not every business has the capacity or budget to hire a full-time, in-house Chief Financial Officer (CFO) or Controller. Thats where fractional financial professionals come in. But whats the difference between a fractional CFO and a fractional Controller, and which role would your business benefit from the most?

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5 Steps to Protect Your Business from Unexpected Accounting Disruptions

AccountingDepartment

Accounting disruptions can strike without warning. Whether its a provider suddenly shutting down, platform glitches, or other unforeseen issues, these disruptions can leave your business scrambling. With cases like the sudden closure of Bench, which left businesses without their books, its more apparent than ever that entrepreneurs and business owners need a plan to safeguard their financial processes.

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Accounting profs adapt to AI amid cheating concerns

Accounting Today

The rise of generative AI has led to AI-guided cheating, and accounting educators are seeing it in their own classrooms.

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You upgrade everything else. Why not your close process?

You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.

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How accountants can build and maintain trust in an AI-driven world

Mark Lee

Trust has always been the foundation of strong client relationships. But in a world where AI and large language models (like ChatGPT) are becoming increasingly popular, the need to show clients they can trust you has never been more important. Clients have long had the facility to search online and to access instant answers, generic advice, and now also have automated solutions at their fingertips.

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HR Compliance & Risk Management for Accountants with Michelle LeBlanc

Insightful Accountant

In this insightful episode, host Gary DeHart sits down with HR expert Michelle LeBlanc to explore key HR strategies for accountants and professionals in regulated industries like finance, healthcare, and energy.

More Trending

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Report Shows Firms That Embrace AI Have Competitive Advantage

CPA Practice

The report reveals that mid-sized (21-50 employees) and large firms (over 200 employees) are leading AI adoption.

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Unlocking Business Potential: The Benefits of Accounting and Controller Services for Entrepreneurs

AccountingDepartment

In the fast-paced world of entrepreneurship and business management, the importance of maintaining impeccable financial records cannot be overstated. Accounting and controller services are the backbone of a well-oiled business machine, guiding entrepreneurs toward clarity and strategic growth.

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Preparing for the Unexpected: A Strategic Approach to Identify and Manage Risks

Menzies

Menzies LLP - A leading chartered accountancy firm. Would you risk it for a chocolate biscuit? We talk about risk a lot, from insignificant choices about what to eat through to decisions which can have a monumental impact on our lives and our businesses. We are often warned off from thinking it wont happen to me, but human nature can lead us to avoid dwelling too much on the negative as it can have a debilitating impact if not kept under control.

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Navigating the Shifting Sands: Cybersecurity Regulatory Enforcement Trends and How to Prepare

Withum

The regulatory landscape is constantly evolving, and cybersecurity is no exception. You may have heard that under the new administration, regulation was going to be reduced or that there was a pause in enforcement actions, e.g. FCPA. These pauses are temporary and intended for the agencies involved to revise their approach to be efficient and effective.

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AI In Accounting: A Practical Roadmap For Smarter AP

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

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GST Registration Can’t Be Rejected to the Applicant from Other State

VJM Global

Held by the Honble High Court of Andhra Pradesh In the matter of Tirumala Balaji Marbles And Granites vs. the Assistant Commissioner St and Others (W.P.No.1200/2025) The Petitioner applied for GST registration in the state of Andhra Pradesh. However, the proper officer rejected the application because the applicant and the authorized representative do not belong to the state of AP.

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Acterys: Setting the Record Straight on Smart Write-back & Planning Solutions

Acterys

At Acterys, we believe in fair competition, and we welcome comparisons that allow potential clients to make informed decisions. However, when competitors resort to spreading misinformation and misleading claims, its essential to address these inaccuracies head-on. Recently, we’ve encountered false narratives about our solution from some competitors.

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Trading allowance

Menzies

Menzies LLP - A leading chartered accountancy firm. What is the trading allowance? The trading allowance is a tax-free allowance of up to 1,000 per year for any trading or casual income sources. Sometimes referred to as the hobby allowance, the trading allowance is great for people who are just starting out a trade or receive small revenues for small gigs such as occasional dog walking.

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The Future of Automotive Retail: Insights From the 2024 AICPA Dealership Conference

Withum

For automotive accountants and CFOs, the AICPA Dealership Conference is the ultimate destination to connect with industry contacts, clients, and fellow accounting firms to discuss the latest hot topics and trends for the current and upcoming year. We at Withum look forward to attending year after year and highly recommend this event to our clients, banking partners, and other accounting firms.

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Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

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Realizing It’s a Losing Fight, TPTB Are Caving on 150 Hours

Going Concern

Announced February 13 , the AICPA and NASBA are giving up the quixotic fight to maintain 150 hours of education as the sole standard across CPA jurisdictions and are now “advancing model legislative language that enables an additional path to CPA licensure.” As has already been made law in Ohio recently , the alternate pathway option doesn’t eliminate 150 hours entirely, rather gives aspiring CPAs another option.

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The Future of Hiring with Kristy Busija

Canopy Accounting

Kristy Busija, CEO & Founder of Next Conversation Consulting, and host Nicole McMillan, SVP of People at Canopy, explore the evolving landscape of hiring and talent retention in the accounting profession. They emphasize the need for modernized recruitment strategies and flexible work models to attract top talent. Kristy urges companies to meet candidates where by embracing fractional employees and building a culture that reflects flexibility, inclusion, and transparency.

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When the going gets tough – Expert advice, cash flow management & protecting value

Menzies

Menzies LLP - A leading chartered accountancy firm. Professional Advice Its easy to shun the professional advisors when things start getting tough, especially when you are worrying about money and costs. The most successful people recognise their own skill sets and surround themselves with experts for everything else. Tap into your professional advisors knowledge and their network of contacts to find the right advice.

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What Plan Sponsors Should Know About Section 101 of SECURE Act 2.0

Withum

The SECURE Act 2.0 of 2022 introduces several significant changes aimed at enhancing retirement savings for American workers. Breaking Down Section 101 One of the key provisions, Section 101, focuses on expanding automatic enrollment in retirement plans. Heres what plan sponsors need to know: Automatic Enrollment Mandate: Section 101 mandates that new 401(k) and 403(b) plans must include an automatic enrollment feature.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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Regulation CC: Preparing for Upcoming Threshold Increases and Common Sense Advice to Reduce Errors in Your Hold Procedures. 

Anders CPA

March 26, 2025, 11:00 am 12:00 pm (CST) Regulation CC, implementing the Expedited Funds Availability (EFA) Act, has been amended by the Board of Governors of the Federal Reserve System (Board) to increase threshold amounts effective July 1, 2025. Banks and credit unions should prepare for the upcoming changes while also reviewing hold policies and processes.

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Not for profit (NFP) self-review return: What you need to know

Reckon

The deadline for the new tax reporting requirements for Not For Profit (NFP) organisations with an active ABN is set for 31st March 2025. However, the new reporting scheme has left some NFPs uncertain of their status or tax obligations. Announced in 2021, the Australian government imposed the new self-reporting requirements to ensure that only eligible NFPs can access income tax exemption.

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Operating as a C Corporation: Weigh the Benefits and Drawbacks

RogerRossmeisl

When deciding on the best structure for your business, one option to consider is a Ccorporation. This entity offers several advantages and disadvantages that may significantly affect your business operations and financial health. Heres a detailed look at the pros and cons of operating as a C corporation. Tax implications A C corporation allows the business to be treated and taxed separately from you as the principal owner.

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Driving Profit Through Fixed Operations: How a Strategic Parts Matrix Can Keep Your Dealership Thriving

Withum

As vehicle gross profit per unit faces downward pressure, successful dealers are shifting their attention to fixed operationsspecifically the parts and service departments. Why? Because the service drive offers a significant opportunity, one thats essential for sustaining profitability as the age of vehicles continues to grow, extending the period for which vehicle owners seek highly trained technical service rather than opting for new vehicles.

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Live Demo - Supercharge your Month End Close

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

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Where’d the PwC Women’s Consulting Experience Go?

Going Concern

Fresh off the tipbox this morning: PwC has quietly killed off their women’s consulting experience after sending folks nationwide last week to recruit for it. Partners and WCE leads are in the dark after the application process was removed from all websites. People are thinking it is due to shrinking the scope of our DEI initiatives. Our tipster tells us the webpage was pulled last Saturday with no explanation.

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BOI Reports Now Due by March 21, 2025

Dent Moses

A recent court ruling means businesses must file their Beneficial Ownership Information (BOI) reports under the Corporate Transparency Act (CTA). New Deadlines: Most businesses must file by March 21, 2025 , if you have not already filed. New businesses (formed on or after Feb. 18, 2025) must file within 30 days of creation. Businesses with disaster relief extensions should follow those specific deadlines.

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Changes to packaging waste recycling notes

Menzies

Menzies LLP - A leading chartered accountancy firm. The environmental regular has recently been contacting businesses which it believes are obligated producers who have registered directly with the Environment Agency, however, this should also apply to businesses which have not yet registered who meet the obligated producer criteria and as a result are required to purchase PRNs/PERNs.

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AUP Inspections and the NYS Film Tax Credit Program

Withum

With New York State progressing towards extending and amending the Film Tax Credit Program, now is the time to make sure you have a trusted advisor who can help you navigate this tremendously beneficial tax credit. How Does the New York State Film Tax Credit Program Work, and Who Is Eligible To Claim the Credit? This $700 million per year program was created to encourage and increase the amount of film projects that are produced in New York State each year.

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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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KPMG Is the Latest Firm to Quietly Pull Back on DEI Initiatives

Going Concern

Last week, Deloitte US told government-facing staff to remove pronouns from their email signatures in reaction to the Ending Radical And Wasteful Government DEI Programs And Preferencing executive order signed by President Trump on January 20. Now KPMG, a small potatoes federal contractor compared to Deloitte, is doing a little diversity, equity, and inclusion housekeeping of its own according to Financial Times.

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FinCEN: New BOI Reporting Deadline is March 21

CPA Practice

The beneficial ownership reporting roller coaster that has been ongoing for the past two months because of various lawsuits is finally pulling into the station after a federal district court in Texas on Feb. 17 lifted the final nationwide injunctionthat had put the mandatory small business filings on hold since last December.

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Closing the Books: Key Steps in Year-End Accounting For SMEs

GrowthForceBlog

8 min read February 21st, 2024 For many small and medium-sized enterprises (SMEs), the end of the fiscal year coincides with the end of the calendar year. This means it is time for financial leaders to begin closing the financial books. Key Takeaways Reconcile Transactions and Accounts: This step in the process can be tedious because you have to look through minute details while paying exceptional attention to detail.

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2024 Tax Reporting Tips for Resort Employers: Worker Classification and Navigating 1099 Requirements

Withum

In an ever-evolving and often overly complex tax compliance world, its crucial for resort operators and managers to ensure a comprehensive understanding of filing requirements and what classifies a contract worker as 1099-eligible labor. This article aims to uncover upcoming filing requirements facing the hospitality industry and touch on the penalties for failure to file these pertinent forms correctly and on-time.

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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.