Sat.Mar 29, 2025 - Fri.Apr 04, 2025

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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 105
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Top 7 Client Portals for Accountants in 2025

Canopy Accounting

Client portals for accountants are a crucial extension to your firmone that can quickly elevate or detract from your reputation and your clients experience. Because youre not in and out of the portal the way your clients are, it can be easy to discount its importance in providing an extraordinary client experience.

Account 52
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Is it Time to Outsource Your Business’ Bookkeeping?

Basis 365

As the owner of a growing business, your time and resources are constantly stretched between focusing on growing revenue, optimizing costs, and delivering value to your customers. However, as your business scales, especially once you reach $1 million in revenue, managing bookkeeping in-house can become a bottleneck rather than a benefit. At this stage, it's time to consider outsourcing your bookkeeping to professionals who can help you gain financial clarity, efficiency, and scalability.

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AI in accounting: Weighing the pros and cons

Accounting Today

Experts at a recent AICPA symposium dove into the upsides and the downsides of artificial intelligence.

Account 105
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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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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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Unlock Business Growth with Client Accounting Services from AccountingDepartment.com

AccountingDepartment

As a business owner, you're undoubtedly aware of the myriad responsibilities that come with the territory. From strategic decision-making to managing day-to-day operations, your plate is full.

Account 100

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Art of Accounting: What potential investors must have

Accounting Today

Due diligence and caution are important when evaluating investment opportunities and business plans that are being pitched.

Account 72
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Accounting 2.0: How Technology and Culture Can Reignite the Profession

Accounting Insight

The accounting profession is on the cusp of a significant talent crisis. Recent data paints a troubling picture: between 2010 and 2023, the number of domestic students enrolling in tertiary accounting programs across the UK declined by an average of 56%. More concerningly, according to the UK Financial Reporting Council , the number of global students becoming members of professional accounting bodies declined by 5.9% in 2023.

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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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ITC Can’t be Rejected Due to Wrong GSTIN and Address Mentioned on the Invoice

VJM Global

Held by the Honble High Court of Delhi In the matter of M/s B Braun Medical India Pvt Ltd Vs Union of India & Ors. (W. P. (C) 114/2025 & CM APPL. 434/2025) In the recent case of M/s B Braun Medical India Private Limited , the Delhi High Court has granted one of the major relief wherein it was held that ITC can be allowed if the supplier has inadvertently mentioned the GST Number and address of the Assessee of the Maharashtra state instead of the Delhi state on the invoices.

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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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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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The Spring Statement simply stresses the value of tech for finance teams

Accounting Insight

For finance teams, the chancellors spring statement didnt reveal much we werent already anticipating. Spending cuts and stagnant economic growth dominated the agenda. But the standout point was the OBRs revised economic growth forecasts. The chancellor revealed that the body has slashed its growth forecast for this year in half from 2% to 1%. It paints a painful picture considering the impending rises to employer National Insurance Contributions (NICs) are already seeing businesses cutting costs

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Monday Morning Accounting News Brief: Crikey, Another Tax Scandal; Deloitte Is Bleeding Contracts | 3.31.25

Going Concern

Hey people. The sun is shining, the birds are chirping pooping on my porch, and it’s another fabulous week. Prayers to those of you in the final stretch of tax season. If any clients are being obnoxious and you don’t have time nor the inclination to tell them off, forward them to the tipline and we’ll give them the old what for. I’m serious.

Tax 59
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Unlocking the Power of the Audit Log in QuickBooks Online: What You Need to Know

SchoolofBookkeeping

When it comes to managing your accounting system, the Audit Log in QuickBooks Online (QBO) is the unsung hero you didn’t know you needed. It’s like having a detailed diary of every move made in your books—who did what, when, and how. In this post, we’ll dive into the applications, limitations, and some pro tips to help you make the most of this powerful 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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The Benefits of Financial Due Diligence in M&A Transactions for Multi-Unit Franchise Operators

Withum

Mergers and acquisitions (M&A) involving multi-unit franchise operations requires a meticulous approach to ensure a successful transaction. Potential buyers will need to understand all facets of the business on an overall and individual location basis. Financial due diligence (FDD) is a critical component of this process, offering numerous benefits that can significantly impact the outcome.

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HMRC target ESS with new round of nudge letters

Menzies

Menzies LLP - A leading chartered accountancy firm. What is ESS? Electronic Sales Suppression (ESS) is more widely known as till fraud. It is where a business manipulates their till systems to hide or reduce the true value or amount of sales but the data reported looks like a complete and accurate record. ESS is a form of tax fraud and individuals who make ESS systems; use or promote them are all considered to be involved in the fraud.

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Tax Relief Update for Individuals, C-Corporations, trusts, & Single Member Limited Liability: Extended Deadlines for Los Angeles County

CapataCPA

Tax Relief Update for C-Corporations & Single Member Limited Liability: Extended Deadlines for Los Angeles County In response to the recent wildfires, both the Internal Revenue Service (IRS) and the California Franchise Tax Board (FTB) have extended tax filing and payment deadlines for businesses, residents, and tax preparers located in Los Angeles County.

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The Tax Firm of Mike Habib, EA: A Beacon of Personalized Tax Service in Pasadena and Glendale, California

MyIRSRelief

Tax season in Pasadena and Glendale, California, can feel like a high-stakes drama, complete with plot twists, looming deadlines, and the occasional villain in the form of the IRS. For the individuals and small business owners navigating this annual saga, the difference between a happy ending and a financial nightmare often hinges on one thing: the tax professional in their corner.

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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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Percentage Leases: Strategies for Retail and Franchise Success

Withum

The bustling corridors of an airport or a shopping mall present a lucrativeopportunity for franchises and retail companies to capitalize on foot traffic. This increase in sales opportunities can also factor into the companys lease agreement with the commercial management company. A percentage lease may be required in these circumstances, which may present a new set of challenges regarding compliance and financial reporting for franchisees and retail owners.

Retail 69
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Trump Ends the Tax Refund Check

Going Concern

We thought about posting this news yesterday but decided not to just in case someone thought it was an April Fools’ joke. And lookie here, someone did. Is this some kind of April Fool's joke? U.S. Treasury to Eliminate Paper Checks: What It Means for Tax Refunds, Social Security [link] — Brian Streig, CPA (@cbriancpa) April 1, 2025 As Brian knows by now, it is not a joke.

Tax 69
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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.

Account 52
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E-Commerce Accounting with QuickBooks Commerce

SchoolofBookkeeping

E-commerce businesses face unique challenges when it comes to managing financial workflows, sales channels, and inventory. QuickBooks Commerce has emerged as a tool designed to streamline these processes, providing a structured approach to managing online sales. In this blog, we’ll dive into the features of QuickBooks Commerce, explore its benefits, and share actionable insights to help you optimize your e-commerce operations.

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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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Project Management Outsourcing vs. In-House PMO: Which Is Right for Your Business?

Withum

When it comes to managing projects, organizations often face the decision of whether to establish an in-house Project Management Office (PMO) or opt for project management outsourcing, recognizing that strong project management is key to delivering on strategic priorities. Both approaches have their own set of advantages and disadvantages, and the choice largely depends on the specific needs and circumstances of the organization.

CPA 52
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ClientWindow and Karbon Announce Exciting Partnership to Transform Client Communication

Accounting Insight

ClientWindow is thrilled to announce a new integration and partnership with Karbon, making it easier than ever for accounting firms to manage client conversations on WhatsApp. With this partnership, client WhatsApp messages can now be automatically directed into Karbon, allowing firms to capture, track, and respond to client queries within the platform.

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What Trump’s global tariff announcement means for trade professionals

ThomsonReuters

President Trump’s latest tariff announcement on April 2 marks a significant shift in U.S. trade policy. The announcement included a 10% baseline tariff on all imports from any country , set to take effect on April 5. Additionally, a separate set of reciprocal tariffs were announced, with the United States imposing higher tariffs , including a 34% tariff on Chinese imports and a 20% tariff on the European Union starting on April 9.

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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 88
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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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AI For Website Creation: Unlock Copilot’s Full Potential in Power Pages

Withum

Microsoft Power Pages is revolutionizing the way websites are built with its new AI-powered Copilot features. These capabilities make website creation easier and faster, even for those with little to no coding experience. Lets explore the many benefits of AI for website creation through the key ways Copilot enhances the Power Pages experience. 1. Creating Sites with a Prompt Copilot makes it simple to create a fully functional website.

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4 Business Projects to Tackle During the Summer Slowdown

Basis 365

Summer can be a slower season for many businesses, making it the perfect time to step back, evaluate, and improve your operations. While the day-to-day rush of peak seasons can make it difficult to focus on long-term goals, the summer slowdown provides an excellent opportunity to tackle essential projects that can strengthen your business for the months ahead.

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Deloitte Gets DOGE’d Harder Than Anyone

Going Concern

We’ve been saying for weeks now that Deloitte is going to get especially screwed by President Trump’s hard-on for reducing government spending and some people have mistaken this for us having a hard-on for reducing the Green Dot’s revenue. We’re not bullying Deloitte. We’re focusing on them because this is a website that covers Big 4 more than any other topic and of the Big 4, Deloitte is by far the largest federal contractor.

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How to Fill Out a 1099-NEC: Your Complete Guide

Patriot Software

Did you make payments to independent contractors during the year? If so, you must use Form 1099-NEC. For accurate reporting of contractor payments, learn how to fill out a 1099-NEC. Who needs to fill out Form 1099-NEC? Businesses that make contractor payments must report them on Form 1099-NEC, Nonemployee Compensation.

Account 52
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How To Overcome Change Fatigue In Finance With Neuroscience-Backed Strategies

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.