Sat.Mar 01, 2025 - Fri.Mar 07, 2025

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5 Signs It’s Time to Switch Accounting Software

Accounting Seed

We sat down with Bob Whitefield, CRO at KPS3, to learn more about why he moved off of NetSuite and when he knew it was time to make a change. Accounting is the backbone of your business, but if your team is still relying on outdated or inefficient software, youre likely feeling the pain. When your accounting system starts to slow you down instead of supporting growth, its time for a change.

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How agentic AI is redefining the tax and accounting profession

ThomsonReuters

In a profession known for its measured approach to change, agentic AI is emerging as a transformative force for accountants, redefining the nature of daily work and opening the door to more meaningful (and profitable) relationships with clients. But what is agentic AI, and how is it transforming the accounting profession? Agentic AI leverages generative AI and large language models to autonomously plan, reason, and execute multi-step processes.

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Pros and Cons of Cash-basis Accounting

Patriot Software

Choosing your accounting method is the first step in handling your companys books. If youre a small business owner, you may prefer the simplicity of cash basis as opposed to accrual or modified cash-basis accounting. But before solidifying your decision, learn the pros and cons of cash-basis accounting.

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Form 3115: Changing Your Accounting Method

Patriot Software

As a business owner, youre responsible for keeping your businesss books in shipshape. To do that, you need to choose an accounting method and stick with it. But as your small business grows, you might need to change your accounting method. You can do this with Form 3115.

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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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Referral Programs for Accounting Firms

Ryan Lazanis

Most firms take a passive approach to referrals, but a proactive strategy can bring in high-quality clients if done the right way. The post Referral Programs for Accounting Firms appeared first on Future Firm.

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Mastering Client Relationships: High-Trust Conversations for Accountants with Mary Schmid

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with conversation expert Mary Schmid to explore the power of high-trust conversations in accounting.

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6 Insights for Accountants From the 2025 QuickBooks Small Business Index Annual Report

Insightful Accountant

Accounting professionals know firsthand the challenges small business clients face, regardless of what industry the clients work in, geographic location, or the state of the economy. Read the 2025 Intuit QuickBooks Small Business Index Annual Report.

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Big Firm Advantage in Forensic Accounting

FraudFiles

When companies have big problems, they usually bring out the big guns. The benefits of using large law firms, audit firms, and other professional service firms are undeniable. These firms offer a depth of experience that is invaluable, and they have seemingly unlimited resources in terms of manpower. A large firm often has the ability [.

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A young CPA's guide to finding your industry niche

Accounting Today

Here are five keys to building a career that aligns with your passions.

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Saving for College: Tax Breaks and Strategies Your Family Should Know

RogerRossmeisl

As higher education costs continue to rise, you may be concerned about how to save and pay for college. Fortunately, several tools and strategies offered in the U.S. tax code may help ease the financial burden. Below is an overview of some of the most beneficial tax breaks and planning options for funding your childs or grandchilds education. Qualified tuition programs or 529 plans A 529 plan allows you to buy tuition credits or contribute to an account set up to meet your childs future higher e

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Square sales tax simplified: What you need to know

TaxConnex

The explosion of eCommerce has created a plethora of tools, resources and middlemen to help your company sell online. Some are household-name marketplace facilitators like Amazon. Others are potentially useful valuable back-office providers, like Square. Square is a point-of-sale (POS) system for merchants, either brick-and-mortar or online, to accept card payments and streamline other business operations.

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Withum Donates $50,000 to the California Fire Foundation

Withum

When the devastating wildfires raged through Southern California at the start of 2025, Withum rallied to support the Los Angeles community. Chris Passmore , partner-in-charge of Withums Los Angeles office , presented a $50,000 check to Angie Carmignani, the Executive Director of California Fire Foundation (CFF) on February 10, 2025. Giving back is engrained in Withums culture, as seen in The Withum Way ten tenets that define the firms unique philosophy and culture. “Firefighters put their

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Transposition Error, the Little Mistake That Causes Big Problems

Patriot Software

Mistakes happen, especially when it comes to recording transactions in your books. One type of accounting mistake thats easy to make is a transposition error. Read on to learn what is a transposition error and how it can affect your accounting books. What is a transposition error?

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Treasury Announces Suspension of BOI Reporting

RogerRossmeisl

As posted to US Department of Treasury website on 3/2/25 The Treasury Department announced on 3/2/25 that, with respect to the Corporate Transparency Act, not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing regulatory deadlines, but it will further not enforce any penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners after the forthcoming rule changes take effect e

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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Groceries vs. restaurant food: Digging into the sales tax differences

TaxConnex

Youd think that if you eat it, its sales tax treatment would be the same at least similar across different states and given methods of preparation of the food. Wrong. Sales tax applies to food in nothing short of a cornucopia of varying ways depending on where you buy it and whether its groceries or prepared (and, in some case, where you eat the prepared food or it youve added certain foods to it).

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Withum Earns Accolades for Recruitment and Internship Excellence

Withum

Withum is proud to announce that it has received a RippleMatch Campus Forward Award in Recruitment Strategies and Internship Programming. This recognition highlights the Firm’s commitment to attracting and developing new talent through early career recruitment with the internship program and Tour de Withum experience. The RippleMatch Campus Forward Awards reflects excellence in commitment to unwavering investment in innovative and multifaceted recruitment strategies.

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What the 1099-K Requirements Mean for Your Skagit County Small Business

SkagitCountyTaxServices

Youre in the middle of a very busy (and mentally tiring) season for your Skagit County business right now. And unfortunately, its not mostly the fun stuff keeping you busy its things more on the housekeeping side of running your business, like meeting tax and other important government deadlines. Youve got quite a few of those coming up, so I wanted to make sure you havent let any of them slip your mind.

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Own Your Cap Table, Own Your Startup’s Future

BurklandAssociates

Raising funds? Hiring top talent? Your cap table matters more than you think. The post Own Your Cap Table, Own Your Startups Future appeared first on Burkland.

Account 162
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Doing More With Less: The Modern Finance Miracle

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.

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Payroll expert discusses global payroll strategies in 2025

ThomsonReuters

Blog home As businesses continue to expand their global footprint, the importance of effective global payroll management has become increasingly crucial. In a recent discussion, Mariah Hantis, Senior Director, Global Operations, Payroll, and Benefits at Deel, provided insights into the key challenges, emerging trends, and best practices surrounding global payroll strategies.

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Enhancing Financial Transparency: Effective Budgeting and Reporting for Vacation Ownership Resorts

Withum

Vacation ownership resorts operate in a unique segment of the hospitality industry, requiring solid financial management to ensure sustainability, profitability and guest and owner satisfaction. Effective budgeting and financial reporting are crucial for these entities to manage their resources efficiently, meet regulatory requirements, and provide transparency to stakeholders.

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Building a Resilient Financial Infrastructure: Lessons for Business Owners

AccountingDepartment

In todays fast-paced digital economy, business owners rely heavily on financial tools and services to manage cash flow, track expenses, and handle accounting needs. However, over-reliance on any single platform can put businesses at significant risk.

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How I Stay Sane During Busy Season (Mostly… Arguably… Okay, Just Don’t Ask My Husband About It)

Nancy McClelland, LLC

Tax seasonthat special time of year when caffeine consumption triples, restful sleep becomes a scavenger hunt, and your spouse and friends begin to question your sanity. If youre deep in the trenches of tax filings, bookkeeping clean-ups, and client questions that couldve-been-Google-searches, you know the struggle is real. But after 23 years, I feel like Im finally finding my groove and because I dont want it to take you as long to figure out as it did me, Im sharing tips and tricks that have b

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8 Pillars of Leadership Development

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.

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Treasury Department Suspends Enforcement of BOI and Corporate Transparency Act

CPA Practice

The Treasury Department announced on Sunday, March 2, 2025, that it will no longer enforce the Corporate Transparency Act or the associated Beneficial Ownership Information Reporting requirements.

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Early Preparation Tips to Streamline Your Employee Benefit Plan Audit

Withum

It is never too early for plan sponsors to start thinking about the organizations employee benefit plan audit. Generally, audits cant begin until the spring, when the recordkeepers have provided the audit package, which includes a collection of reports detailing the plan’s operations for the year. Following is a list of items that auditors will need over the next couple of months and what plan sponsors should do to prepare.

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Xerocon Brisbane 2025 tickets on sale now

Xero

Im excited to announce that tickets are on sale now for Xerocon Brisbane! Xerocon returns to sunny Queensland 3-4 September and this year weve invited Queensland icon Joe Brumm creator of Bluey , the most watched television series in the US in 2024 to share his inspiring journey. Xerocon is our flagship technology and innovation conference designed to empower accounting and bookkeeping professionals through learning, networking and growth – and this year we are supercharging the content,

Sales 61
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Elevating payroll: Industry leaders advocate for Chief Payroll Officer in the C-suite

ThomsonReuters

They emphasized the role of payroll in compliance, technological integration, and its significant impact on an organization’s profit and loss. Both speakers advocated for a paradigm shift in how payroll is perceived, highlighting its potential to support operational success and mitigate risks. “This is probably the most important topic that I’ve ever spoken about in this type of forum,” Lee said at the beginning of the presentation.

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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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KPMG Picks Their Next Chair and CEO, Deputy Chair

Going Concern

As you may have heard, reigning Chair and Chief Executive Officer of KPMG US Paul Knopp is headed to greener pastures. With a few months to go until he rides off on June 30, the firm has elected his replacement. It’s Tim Walsh, a 33-year veteran of KPMG and current national managing partner of audit. At his side as deputy chair will be Atif Zaim, US consulting leader and former national managing principal of advisory, replacing Laura Newinski.

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Penfold Announces Major Improvements to its Default Pension Plan, in Collaboration with BlackRock 

Accounting Insight

Penfold customers now benefit from enhanced growth potential, added market protection and 100% FSCS coverage at no extra cost Penfold has worked with BlackRock to develop a unique investment strategy designed to boost the growth potential of its customers pension pots by incorporating listed real assets The new plan also offers 100% FSCS protection The majority of Penfolds customers will seamlessly transition to the new plan on 25th February 2025 Penfold , the digital pensions provider, today a

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IRS Help: Your Solution to Tax Problems Starts Here

MyIRSRelief

Are you facing an IRS problem thats keeping you up at night? Whether its unfiled tax returns, overwhelming back taxes, an audit, payroll issues, or aggressive IRS actions like levies, you dont have to navigate this stressful situation alone. Get IRS help today by calling 877-788-2937. Our tax representation firm is here to provide you with expert assistance, reliable solutions, and the peace of mind you deserve.

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Could Musk's DOGE layoffs hurt the IRS's fight against fraud?

Accounting Today

Tax pros' worries about the impact of Elon Musk's Department of Government Efficiency on the Internal Revenue Service include increased fraud and filing delays.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

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.