ThomsonReuters

JUNE 17, 2025

As technology continues to automate an increasing number of tax preparation and compliance tasks, more and more accounting firms are looking at shifting their focus to offering clients more personalized financial insights and strategic guidance. But here’s the catch: many tax and accounting professionals believe they’re providing advisory services, when in reality, they’re caught in a trap of giving out-of-scope tax advice away for free.

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Accounting Today

JUNE 16, 2025

AICPA chair Lexy Kessler looks ahead at the challenges and opportunities that are facing the profession, and what accountants need to do to be ready for them.

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Basis 365

JUNE 16, 2025

Let’s be real for a minute, financial reports are supposed to help you run your business better. But if you’ve ever stared at one and thought, “What am I even looking at?”, don’t worry, you’re not alone. A lot of leadership teams feel stuck reacting to numbers after the fact, instead of using real-time insights to guide smarter decisions. That’s not just frustrating, it’s risky.

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CPA Practice

JUNE 16, 2025

Relying on only one type of cyber insurance that may be limited to either first- or third-party coverage may leave businesses exposed to significant financial and legal risks.

Legal 101

Legal 101

Speaker: Dylan Secrest, Founder of Alamo Innovation and Construction Digital Transformation Consultant

Construction payment workflows are notoriously complex—juggling multiple stakeholders, compliance requirements, and evolving project scopes. Delays in approvals or misaligned data between budgets, lien waivers, and pay applications can grind progress to a halt. It doesn’t have to be this way. Join expert Dylan Secrest to discover how leading contractors are turning payment chaos into clarity using digital workflows, integrated systems, and automation strategies!

FraudFiles

JUNE 17, 2025

Nearly all of my work is done under fixed fee arrangements. My client and I determine the scope of a project (what documents will be used, what analysis will be done, what time period is covered, etc.) and I quote them a fixed fee for my analysis and expert report. In this video, I explain [.

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Ace Cloud Hosting

JUNE 18, 2025

In the fast-evolving accounting landscape of 2025, staying ahead means embracing technology that enhances efficiency, accuracy, and client satisfaction. Accounting Practice Management Software (APMS) has emerged as a game-changer for.

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CPA Practice

JUNE 17, 2025

Accounting firms in the U.S. have had a profitable last 12 months, due to adding new clients, technology, and service offerings, according to a new report from Xero.

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Accounting Today

JUNE 16, 2025

While it might intuitively seem AI and offshoring are in direct competition, offshore talent providers report that the two have instead created powerful synergies.

93

93

Going Concern

JUNE 17, 2025

Yes, we know EY’s tagline is now All In. Announced on Thursday, the SEC’s next chief accountant — effective July 7 — will be Kurt Hohl, a former EY partner who put in four years in audit at Deloitte after graduation before jumping there in 1989. This won’t be his first rodeo at the SEC. The CV, courtesy a press release : Mr.

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accounted Account accountant Pharmaceutical 52

RogerRossmeisl

JUNE 15, 2025

The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, introducing possible significant changes to individual tax provisions. While the bill is now being considered by the Senate, it’s important to understand how the proposals could alter key tax breaks. Curious about how the bill might affect you? Here are seven current tax provisions and how they could change under the bill.

CPA 130

CPA Tax 130

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ThomsonReuters

JUNE 18, 2025

The future of tax is digital, data-driven, and deeply integrated. As organizations move to cloud ERP systems like SAP S/4HANA, tax professionals have a rare opportunity to lead transformation and shape smarter, more agile operations. For tax functions, this shift presents a unique opportunity to enhance accuracy, streamline processes, and deliver greater strategic value.

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Accounting Today

JUNE 16, 2025

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

Technology 64

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CPA Practice

JUNE 18, 2025

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk

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RogerRossmeisl

JUNE 15, 2025

A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is still under debate, it’s already sparking attention across business communities. Here’s a look at the current rules and proposed changes for five key tax provisions and what they could mean for your business. 1.

CPA 165

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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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Going Concern

JUNE 20, 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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auditor accounting firms Technology accounted 58

Accounting Today

JUNE 16, 2025

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

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CPA Practice

JUNE 16, 2025

Taxfyle on Monday introduced TXF Intelligence, a generative artificial intelligence tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S.

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tax return accounting firms Technology Tax 59

Menzies

JUNE 19, 2025

Menzies LLP - A leading chartered accountancy firm. ADR has returned to the forefront of HMRC’s attention following the FTTs release of an updated Practice Statement. In May 2025 The First Tier Tribunal (“FTT”) released a new Practice Statement regarding the use of Alternative Dispute Resolution (“ADR”) in Tax Disputes. The statement reminds HMRC, taxpayers and their representatives of the importance of ADR and how, in some cases, failure to consider ADR can result in costs being awarded against

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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.

accounting and finance

Canopy Accounting

JUNE 18, 2025

In this episode, KC Brothers interviews Reza Huda, an accounting firm owner and author of 'The Four Pillars'. They discuss the journey of accounting practice owners towards achieving freedom, the flaws in traditional billable hour models, and the importance of pricing strategies and positioning. Reza emphasizes the need for specialization and niche marketing, as well as the transformative role of AI in content marketing.

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Accounting Today

JUNE 16, 2025

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

Technology 64

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CPA Practice

JUNE 18, 2025

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk

Technology 88

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ThomsonReuters

JUNE 18, 2025

The state and local tax (SALT) deduction has been a fixture of the U.S. tax code for many years, providing significant financial benefits to a large number of taxpayers. However, the cap enacted in the Tax Cuts and Jobs Act (TCJA) of 2017 has significantly impacted taxpayers who itemize their deductions, particularly those living in high-tax states like California, New York, and New Jersey.

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income tax New Jersey New York California 91

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

Tax

Withum

JUNE 18, 2025

In the competitive hospitality sector, achieving financial efficiency and effective tax planning is vital. Hotel ownership presents unique opportunities to enhance cash flow and minimize tax obligations, particularly through the implementation of cost segregation. This article delves into the nuances of cost segregation, its significant advantages for the hospitality and lodging industry, and how they can be utilized to optimize financial outcomes.

Hospitality 64

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Accounting Today

JUNE 19, 2025

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

corporation tax 59

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CPA Practice

JUNE 18, 2025

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk

Tax 87

Tax Technology income tax payroll 87

Going Concern

JUNE 16, 2025

Hey. Got a little news for you. Podcaster and observationalist David Leary has a prediction for the future of firms. The tweet : HOT TAKE: AI isn’t going to save accounting firms; it is probably going to kill them. When a VC firm invests $1 billion into OpenAI … they need a return …so now they are planning to spend $500 million to acquire accounting firms that they’ll make “use” (or should we say buy) OpenAI products.

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accounted Account accountant Non-Profits 63

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Withum

JUNE 17, 2025

Hedge Fund managers and other investment advisors are on high alert following the May 2025 Tax Court decision in Soroban because it signals a greater risk that a share of their earnings could be subject to self-employment tax. In Soroban, the U.S. Tax Court held that Soroban’s investment manager limited partners were active limited partners, and thus ineligible for the limited partners exception to self-employment tax.

Tax 59

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Accounting Today

JUNE 17, 2025

Author Login Subscribe ACCOUNTING Accounting Accounting standards International accounting ESG CAS Accounting Accounting standards International accounting ESG CAS TAX Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes Tax Tax preparation IRS Tax Planning Corporate taxes Tax fraud Tax Legislation International taxes AUDIT Audit Audit standards PCAOB SEC Audit Audit standards PCAOB SEC PRACTICE MANAGEMENT Practice management Recruiting Retention Acc

Technology 59

Technology accounting and finance tax preparation audit 59

CPA Practice

JUNE 19, 2025

Search for: Home About Us Log In Subscribe for Free My Account Log Out Accounting & Auditing Accounting ESG Financial Reporting Nonprofit Small Business Auditing Audit Standards PCAOB SEC Tax Taxes Income Tax IRS Legislation Sales Tax State Local Taxes Tax Planning Payroll Payroll Benefits Human Resources Payroll Software Payroll Taxes Tech Technology Artificial Intelligence Automation Cloud Technology Digital Currency Hardware Security Software Advisory Advisory CAS Financial Planning Risk

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Real Estate Technology payroll Healthcare 52

Patriot Software

JUNE 16, 2025

A profit and loss statement is one of the most important tools you have in your business to determine profitability. Do you know how to create a profit and loss statement? If not, read on to learn everything you need to know to create a profit and loss statement for your business.

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