Sat.May 17, 2025 - Fri.May 23, 2025

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Budgeting and Forecasting with the Help of Financial Dashboards

AccountingDepartment

In the fast-paced world of business, decision-makers often find themselves juggling multiple priorities, with budgeting and forecasting taking center stage.

Account 62
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Ex-PwC Partner Says AI Is Coming For Big 4 Jobs in a Big Way

Going Concern

Business Insider published an article early this morning that blatantly suggests AI is a huge threat to the Big 4 revenue machine. Let’s include the intro here so you can see where they intended to go with it: The Big Four Deloitte, PwC, EY, and KPMG are a select and powerful few. They dominate the professional services industry and have done so for decades.

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Mastering SaaS Bookkeeping: Essential Considerations for Success

Shay CPA

Bookkeeping for Software as a Service (SaaS) companies presents a unique set of challenges and opportunities. Unlike traditional businesses, SaaS companies operate on a subscription-based model, often deal with deferred revenue, and have complex financial metrics that need to be monitored. This blog post explores the special considerations that accountants and bookkeepers must take into account when managing the books for a SaaS company. 1.

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M&A is Hot. Are You Prepared When an Offer Comes In?

BurklandAssociates

Scaling a startup takes vision and hustle. But when its time to negotiate its acquisition you need a new playbookone built on precision, preparation, and strategic leadership. The post M&A is Hot. Are You Prepared When an Offer Comes In? appeared first on Burkland.

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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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72 Percent of Professionals Report Using Some Form of AI at Work

CPA Practice

The 2025 Technology Perceptions Survey queried more than 800 fee earners across the accounting, consulting, finance, and legal industries in the U.S. and U.K., and showed a significant shift in how professionals view and use AI.

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MTD awareness gap signals opportunity for accountants

Accounting Insight

IRIS Software Group research reveals half a million sole traders want to hear from their accountants on forthcoming MTD requirements. Almost half of UK sole traders at risk of non-compliance, feeling unprepared for income tax changes due April 2026. Low awareness highlights a timely opportunity for accountants to support existing clients and win new business.

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More Trending

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AI Won’t Save You From Bad Data: Why Finance Leaders Must Act Now

Acterys

Don’t let messy spreadsheets derail your AI transformation. Discover how clean, integrated data is the true foundation for success. Imagine this: its month-end, your FP&A team is buried under mountains of spreadsheets, pivot tables have become your mortal enemy, and your trusty analyst is on their third coffee-fueled meltdown of the day. Sound familiar?

Finance 130
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Small Fraud Investigation Firms

FraudFiles

Firms of all sizes are interested in expanding their practices to include forensic accounting and fraud investigation. Experts agree: This practice area is growing and will continue to grow for the foreseeable future. Yet adding forensic accounting to a firms portfolio of services might not be as easy as it sounds. While traditional audit staff [.

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Understanding GASB 101: What Government Finance Teams Need to Know About Compensated Absences

LSLCPAs

GASB 101: Compensated Absences is the latest accounting standard set to take effect, and it brings a fresh approach to how governments recognize and report employee leave. While the concept of tracking unused vacation and sick time isnt new, the rules around when and how to record these liabilities have changedand its important for finance. The post Understanding GASB 101: What Government Finance Teams Need to Know About Compensated Absences appeared first on LSL CPAs.

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Clothing taxation – and major exemptions

TaxConnex

Sales tax rules on clothing are some of the most complex nationwide, as a patchwork of states offer complete exemptions, no exemptions and everything in-between for specific types of clothing. One size sure doesnt fit all. Worn by humans Almost all states with a statewide sales tax treat sales tax on clothing differently, and a few states dont levy a statewide sales tax it at all (including, of course, the NOMAD states).

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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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Pramata Rolls Out Tariff Risk Analyzer, a Contract AI Tool to Navigate Supply Chain Disruptions 

CPA Practice

Tariff Risk Analyzer uses a companys contract data to calculate the impact of newly established tariff structures on supply chain business relationships and then provides recommended next steps.

Account 109
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Breaking Down the Tax Reform Bill’s Impact Across Industries

Withum

On Monday, May 12, 2025, the House Ways and Means Committee released additional details about its proposed tax legislation, The One, Big, Beautiful Bill. While the bill may undergo further changes in the Senate, it lays the foundation for 2025 tax reform. Heres a breakdown of key provisions and their potential impact across various industries. House Ways and Means Committee Unveils Tax Reform Bill With Business and Real Estate Provision Authored by: Michael Hurwitz , CPA The House proposal spec

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Investigation Finds It Was Deloitte Credentials That Allowed Hackers Into the Rhode Island Benefits System

Going Concern

Oops. Late last year, the state of Rhode Island discovered nefarious individuals had gained access to their state benefits system RI Bridges, a system built and managed by Deloitte. This meant hackers got their hands on the personal information of Rhode Islanders who’d used state programs such as Medicaid, SNAP, Medicaid, health coverage purchased through HealthSource RI, and at-home care services provided by the state, among other things.

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Protected: The Top 50 Modern Accounting Firms of 2025

Ryan Lazanis

There is no excerpt because this is a protected post. The post Protected: The Top 50 Modern Accounting Firms of 2025 appeared first on Future Firm.

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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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Massachusetts Society of CPAs Names 19 to Board of Directors

CPA Practice

MassCPAs Board of Directors is a group of elected members that sets policies, manages programs and oversees activities that benefit the 11,500-member organization and accounting profession in Massachusetts.

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Fastest-growing firms spend double on marketing

Accounting Today

The fastest-growing accounting firms spend twice as much on their marketing budget than all other firms, an AAM study finds.

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A Complete Post-Tax Season Guide for Tax Professionals: Prepare for Next Year

Ace Cloud Hosting

April isnt the finish line for CPAs and tax preparers; its a turning point. The long hours, late nights, and pressure of tax season leave many accountants physically and emotionally.

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Top 5 priorities for modern tax and accounting firms

ThomsonReuters

Jump to Top 5 priorities for tax and accounting professionals The impact of AI in tax and accounting firms Navigating the future of tax and accounting The landscape of the tax and accounting industry is evolving rapidly, driven by technological advancements and a growing demand for value-added services. According to the 2025 State of Tax Professionals Report by Thomson Reuters Institute , tax, audit, and accounting firms are focusing on several key priorities to stay competitive and meet the ch

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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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Gartner Says CFOs Must Evolve from Guardians to Catalysts to Thrive Amidst Unprecedented Uncertainty and Technological Advancement

CPA Practice

CFOs need to reinvent their persona to address myriad new challenges faced by finance professionals, including tariffs, lost funding, and industry regulations.

Finance 94
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Major Changes Affecting Nonprofits and Other Tax-Exempt Organizations Proposed in the One, Big, Beautiful Tax Bill

Withum

Recently, the House Ways and Means Committee released a sweeping budget reconciliation package, The One, Big, Beautiful Bill, which contains broad provisions impacting many areas of taxation, including tax-exempt organizations. While the bill could face additional adjustments as it works its way through the House toward approval, and subsequently the same process in the Senate, it provides an overall picture of the 2025 tax reform framework.

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House tax bill includes provision eliminating PCAOB

Accounting Today

The far-reaching legislation would transfer the responsibilities of the Public Company Accounting Oversight Board to the Securities and Exchange Commission.

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Coming soon: ONESOURCE Pagero and Oracle Fusion Cloud ERP e-invoicing solution

ThomsonReuters

As global regulatory requirements for electronic invoicing (e-invoicing) become more stringent, international companies are feeling the pressure to keep up. Europe, in particular, is advancing with initiatives like the value-added tax (VAT) in the digital age (ViDA) , which aims to modernize VAT systems to align with the digital economy. This is part of a broader trend where regions like Latin America and emerging markets are mandating businesses to send and receive e-invoices that meet evolving

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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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Social Security COLA Now Projected to Increase 2.4% in 2026

CPA Practice

Social Securitybeneficiaries are expected to receive the lowest cost-of-living-adjustment since 2021, according to the latest forecast from theSenior Citizens League.

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Fortifying Hospitality: Essential Cybersecurity Measures for Hotels

Withum

There are many examples of cybercrime impacting the hotel and lodging industry. A particularly notable incident occurred in September 2022, when a prominent UK-based multinational hospitality company experienced a significant cyber-attack that led to a two-day outage of their online booking system. The financial impact of this attack was substantial, with the company facing immediate operational disruptions and long-term reputational damage.

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By the numbers: Class actions, SEC audit clients and more

Accounting Today

The latest data on new SEC audit client engagements for 2024 and the number of accounting-related securities class actions.

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Authenticity: The Key to Successful Content Marketing

Ryan Lazanis

In todays AI-heavy world, authenticity is the new currency in content marketing. Discover how being real builds trust and audience. The post Authenticity: The Key to Successful Content Marketing appeared first on Future Firm.

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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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Suburban Chicago Accountant Accused in $10M COVID-19 Unemployment Fraud Scheme

CPA Practice

Hiam Hmaidan, 53, ofOak Lawn, IL, was arrestedMay 8on a six-count indictment that became public last week charging her with mail fraud and conspiracy to commit mail fraud. She pleaded not guilty.

Account 92
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Smarter Supply Chain Sourcing for Handling Tariffs in Your Skagit County Business

SkagitCountyTaxServices

Feeling the strain of tightening things up and trying to stay one step ahead of whatevers coming next? Youre in good company because this kind of pressure isnt new. Sam Walton didnt have deep pockets or a fancy MBA. But he did have a knack for thinking a few steps ahead. Instead of throwing up his hands when things got expensive, he got creative. He started cutting deals directly with suppliers, trimming operational fluff, and figuring out how to keep shelves stocked and prices low without goin

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UK watchdog slammed EY's NMC audit in early report, lawyers say

Accounting Today

The Financial Reporting Council found EY "demonstrated a complete lack of professional skepticism" and failed "to be alert to conditions that may have indicated possible fraud.

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The power of communication: How to elevate the client experience during the tax preparation process

ThomsonReuters

Jump to Streamlining tax engagement through effective communication Introducing SafeSend One: Your communication and client experience solution Changing the tax client experience with effective communication The tax preparation process is often full of problems, from finding documents to managing many systems. This is not just for accountants, but also for their clients.

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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.