Sat.May 24, 2025 - Fri.May 30, 2025

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The only 7 or 8 ways accountants can make more money (legitimately)

Mark Lee

Many of the accountants who book a call with me are looking to make more money. Although few actually say that. They may start by asking for help in building their brand, improving their marketing, using Linkedin better or any of a range of other TACTICS where I could support and guide them. I’m happy to do any of those things but always try to first clarify the REAL underlying objectives.

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How to Build a Future-Proof Tech Stack For Your CPA Firm

Canopy Accounting

Keeping up with technologys evolution is easier said than done. However, when you future-proof your accounting firm's tech stack, you stay competitive while giving your team some breathing room. While classic spreadsheets will never go out of style, they require a lot of manual input and have difficulty keeping pace with your clients and employees needs.

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Is private equity bringing accounting down or lifting it up?

Accounting Today

Consolidation, when done right and with clients and people at the forefront, is not about sacrificing quality for profit.

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Art of Accounting: Succeeding by being imaginative

Accounting Today

Firms can benefit when more partners have an administrative assistant to help with their work.

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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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IRS leveraging AI for audits amid layoffs

Accounting Today

The Internal Revenue Service is expected to lean more heavily on artificial intelligence technology to select cases as it carries out widespread layoffs.

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Pitfalls of sales tax compliance: billing systems

TaxConnex

Sales tax is not top of mind for most executives, but it is something most businesses have to manage at some level. No matter the size of your business, if you are selling a taxable product or service and establishing nexus in specific states or jurisdictions, you have a sales tax obligation. And as states and the many other tax jurisdictions continue to adjust their statutes, its important to stay in the know.

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How to Cut Spending Without Cutting Out Small Businesses

CPA Practice

A majority of small businesses have cited financial uncertainty as the biggest challenge they're facing. Amid these pressures and their own financial concerns, consumers want to do their part.

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From compliance to consultancy: Your answer to year-round revenue

ThomsonReuters

If youre a leader of a small or medium-sized accounting firm, youve probably felt the pressure to move beyond basic compliance work to the kind of high-value advisory services that your clients are increasingly looking for. But knowing where to begin, how to price it, and which clients are the right fit can be overwhelming. That fear of change can keep even the most motivated firm leaders stuck in the cycle of transactional, compliance-driven work.

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Forensic Accountants and Securities Fraud Cases

FraudFiles

In this video, Tracy Coenen talks about the securities fraud cases that might need the assistance of a forensic accountant.

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Maximizing Profitability: A Comprehensive Guide to Job Costing

AccountingDepartment

Understanding exactly how much each job or project costs your business is essential for maximizing profitability. However, many business owners struggle to track costs accurately, leading to mispriced jobs and unexpected expenses later on. This is where job costing comes into play.

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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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BDO's Berson to retire in 2026

Accounting Today

BDO USA's CEO Wayne Berson will retire effective June 30, 2026, and national managing principal of tax Matthew Becker has been tapped to succeed him.

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AICPA Bigwig Says Go Ahead and Get ‘CPA’ Tattooed on Your Forehead, You Earned It

Going Concern

*In case it isn’t abundantly clear, she didn’t actually tell you to get CPA tattooed on your forehead as that would be ridiculous. Obviously. Susan S. Coffey, CPA, CGMA, CEOPublic Accounting at the Association of International Certified Professional Accountants has penned a little something for Journal of Accountancy worth our full attention.

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BDO Launches $1 Billion AI Strategy

CPA Practice

BDO began piloting potential tools and approaches in early 2023. Since then, BDO has achieved several business milestones in key commitment areas and seamlessly embedded AI in its operations and client service models.

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Does My Accounting Software Meet DCAA Compliance?

Accounting Seed

This article was updated May 28, 2025. To be a successful government contractor, your business processes need to be Defense Contract Audit Agency (DCAA) compliant. Successfully completing a DCAA audit ensures the legality of your operation and helps you continue acquiring government contracts. You can make your life easier and guarantee smooth audits by using accounting software that helps government contractors meet DCAA compliance.

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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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IRS faces challenges overseeing tax-exempt hospitals

Accounting Today

Cutbacks and vague guidance threaten the IRS's ability to carry out its responsibilities, which include overseeing the troubled nonprofit hospital sector.

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AICPA Warns Practitioners About Beautiful Bill

Insightful Accountant

The tax landscape for pass-through entities is facing significant changes under the proposed "One Big Beautiful Bill" approved by Congress this week.

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Sage Scales Embedded Services to North America and Europe

CPA Practice

Embedded Services aims to equip platform partners with capabilities that deepen customer engagement, drive loyalty, and unlock sustainable growth through enhanced user experiences.

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2025 Xero US Roadshow: What You Need to Know

Xero

The 2025 Xero US Roadshow is set to deliver a day packed with innovation, networking, and inspiration. Let’s explore what’s on the agenda and why you should care. Spotlighting Innovation: AI and Advisory Services The accounting industry isn’t what it used to be; it’s smarter, faster, and more efficient, thanks to AI and advisory services.

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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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The 20 counties where taxpayers netted the highest capital gains

Accounting Today

Areas around Jackson Hole, Aspen, Palm Beach, Miami, New York, Dallas and Austin are in the group. Other top performers may come as more of a surprise.

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From State Trooper to “Cash Flow Mike”: Business Coaching with Impact with Mike Milan

Insightful Accountant

In this special GrowCon 2025 edition of the Accounting Insiders Podcast, host Gary DeHart sits down with Mike Milanbetter known as "Cash Flow Mike"to discuss his transformation from state trooper to entrepreneur, author, and small business coach.

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Acumatica Set to Be Acquired By Vista Equity Partners

CPA Practice

The Washington-based ERP provider said on May 29 it has signed an agreement to be acquired by Vista Equity Partners, the global investment firm that purchased Avalara in 2022.

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How to Built a Future-Proof Tech Stack For Your CPA Firm

Canopy Accounting

Keeping up with technologys evolution is easier said than done. However, when you future-proof your accounting firm's tech stack, you stay competitive while giving your team some breathing room. While classic spreadsheets will never go out of style, they require a lot of manual input and have difficulty keeping pace with your clients and employees needs.

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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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To succeed at succession, ask yourself these hard questions

Accounting Today

Firm owners looking at succession must look at future state needs, not just current ones.

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Introducing Pay by Bank for UK Small businesses: More payment options, healthier cash flow

Xero

Late payments pose a significant hurdle for small businesses, frequently disrupting cash flow and complicating the management of daily operations. Recognising this challenge, we’re dedicated to helping you receive payments more efficiently by expanding your payment options. Building on our existing support for credit cards, debit cards, Apple Pay, and Google Pay, we’re excited to announce the addition of Pay by Bank.

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June 27 CPE Webcast: The Most Important Supply for Tax Pros Isn’t Found On Shelves

CPA Practice

Tax and accounting professionals are leveraging new technologies to make their firms more efficient and to stay ahead of competitors. In this webinar, well show you how. From automated return package assembly and delivery that takes less than four minutes to send, to AI-powered intake that saves the countless hours necessary to manually handle document request lists and client material organization, and moredigital solutions that consolidate tech stacks are helping firms spend more resources on

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Top Remote Tax and Accounting Candidates of the Week | May 29, 2025

Going Concern

Struggling to Find Remote Accounting Talent? Weve Got You Covered. If your firm or internal team is having a tough time sourcing qualified remote tax and accounting professionals, you’re not aloneand you’re not out of options. Accountingflys Always-On Recruiting gives you immediate access to a curated pool of top remote candidates with no upfront cost.

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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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Acumatica acquired by Vista

Accounting Today

The cloud ERP provider has been acquired by a private equity firm that specializes in enterprise software, data and technology-enabled businesses.

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Half of Australians fear making a mistake on their tax return this year

Xero

If the thought of lodging your tax return makes your palms sweaty and you find yourself procrastinating to avoid the inevitable, youre not alone. Xeros latest research has found nearly three quarters of Australians are worried or anxious about tax time this year. This end of financial year (EOFY), we wanted to uncover the universal challenges that Aussies face and common knowledge gaps when it comes to tax time, and provide easy-to-understand information to reduce confusion and anxiety at this t

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Plaid Launches Transactions for Business: Powering Real-Time Business Tools

CPA Practice

Companies like Brex, Bluevine, and Wave are already using Plaid's existing Transactions product to deliver real-time spend tracking, smarter capital access, and automated bookkeeping to businesses.

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How the Cost-to-Cost Method Improves Profitability in Construction Projects

LSLCPAs

In construction, its not just the concrete that holds things togetherits cost control. Managing expenses isnt just a line item; its the backbone of a construction firms financial health and long-term profitability. The process of cost management requires the following: In-depth tracking Planning Cost controls from project initiation to completion By managing costs effectively, construction.

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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.