Thu.Aug 14, 2025

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ASU 2025-05 – Improvements to Guidance on Measurement of Credit Losses – A Simplified Path

Withum

Accounting Standards Update (ASU) 2025-05 – Measurement of Credit Losses for Accounts Receivable and Contract Assets , issued in July 2025, introduces a practical expedient and accounting policy election under Topic 326: Financial Instruments—Credit Losses, specifically tailored to ease the burden for entities when estimating credit losses for accounts receivable and contract assets.

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Break out of your comfort zone in accounting: Why familiar habits hold firms back

ThomsonReuters

Jump to ↓ How a ‘good enough’ mindset undermines growth potential Uncovering the hidden risks in familiar territory Are you ready to break out of your comfort zone? A recent article from the Harvard Business Review found that organizations that fail to adapt to new technologies lose up to 25% of their potential revenue annually due to inefficiencies and missed opportunities.

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Move Attachments from QuickBooks Desktop to Online Without Big Migration Fees

SchoolofBookkeeping

Attachments, Unchained: Move Your Files from QuickBooks Desktop to Online (No Hefty Price Tag) If you have ever tried moving your QuickBooks Desktop data to QuickBooks Online, you probably hit a wall when it came to attachments. Receipts, contracts, and all those crucial supporting docs were stuck on Desktop unless you were ready to pay a lot for a migration service.

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The decline of the accounting major: A call to action

Accounting Today

Author Subscribe Login 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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8 Ways to Torture Your CFO

The office of the CFO is rapidly evolving, with more and more demands being placed upon the finance and accounting team each year. Join us in this webinar, where we share 8 things to NOT do when it comes to helping the CFO office advance in supporting the business. Learning Objectives: This course objective is to understand how best to support an organization's finance leadership.

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Charitable Giving Under The OBBBA: Strategic Tax Planning for High-Net-Worth Individuals

Withum

The One Big Beautiful Bill Act (OBBBA), enacted on July 4, 2025, introduces sweeping reforms to the tax treatment of charitable contributions. For high-net-worth individuals (HNWIs), these changes present both strategic opportunities and new limitations that warrant careful planning to preserve philanthropic impact and optimize tax outcomes. Key Provisions Impacting Charitable Deductions 1.

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Pathways to Growth: Change the channel and change the outcome

Accounting Today

Author Subscribe Login 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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Taxpayer Advocate: IRS to Share Appeals Case Memos with Taxpayers Upon Request

CPA Practice

The IRS Independent Office of Appeals recently reminded staff that they should share a copy of the Appeals case memorandum with taxpayers who make an informal request for the document.

Tax
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HMRC's increased powers for spotting 'invisible income'

Inform Accounting

Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced progressively from 6 April 2026. It will require unincorporated traders and landlords whose income is over the trigger threshold to keep digital records and make quarterly returns and a final declaration to HMRC using MTD-compatible software.

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KPMG Announces National Line of Business and Sector Leaders

CPA Practice

The Big Four firm on Aug. 14 announced its next national line of business and sector leaders, who will advance the firm’s strategy for delivering solutions tailored to the unique challenges facing clients across industries.

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How to Choose Reliable Outsourced Accounting Services for Your Business

AccountingDepartment

Partnering with outsourced client accounting experts can deliver measurable savings in both time and costs for your business. However, finding a dependable firm isn’t always straightforward. What should you look for in an outsourced accounting provider? Focusing on a track record of reliability, deep technical expertise, and proven trustworthiness will help you identify the right partner for your financial needs.

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How to Streamline Payment Applications & Lien Waivers Through Innovative Construction Technology

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

Construction payment workflows are notoriously complex when you consider 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. The good news? 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.

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Crunchafi to Deliver Closing Session at CPAmerica New Partner Group Conference

CPA Practice

This session will cover how to identify key traits of supportive software vendors, spot red flags that may signal implementation challenges, prepare firm and client teams for rollouts and evaluate vendor support for data migration.

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5 reasons to join MTD for Income Tax now

Accounting Web

HMRC & policy Tags HMRC Income tax Making tax digital

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Avalara Announces New Crush on Tour Cities and Dates

CPA Practice

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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Insights from FreeAgent's MTD consultations: surprises, wins and opportunities for your practice

Accounting Web

HMRC & policy Tags FreeAgent Making tax digital

Tax
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You upgrade everything else. Why not your close process?

You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.

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TaxConnex Named to Inc. 5000 List of America’s Fastest-Growing Private Companies

TaxConnex

TaxConnex has been recognized on the prestigious Inc. 5000 list of the fastest-growing private companies in America for the first time, ranking 358 among financial services companies with a three-year revenue growth of 54%. The Inc. 5000 list is an annual ranking that spotlights the most successful and dynamic independent businesses in the United States.

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Use outsourcing to cut costs and boost flexibility

Accounting Web

Practice strategy Tags Busy season Client relationships Outsourcing

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Unlock Deeper Insights With HubSpot CRM Features Built for Growth

Withum

How HubSpot CRM Features Help Middle Market Companies Turn Data Into Strategy Many middle-market companies in manufacturing, distribution, and logistics have invested in HubSpot CRM, but few are truly leveraging its full potential. The challenge isn’t the amount of data available. Instead, it’s the gap between having information and knowing how to apply it to strategic decisions.

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Audit reform must escape the uncertainty

Accounting Web

Financial reporting

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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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Report Shows Business and Professional Services Organizations Grapple with Networking and Security Challenges

CPA Practice

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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Email Is Dangerous: PKF Francis Clark’s Take on Client Collaboration Chaos

Accounting Web

Practice strategy Tags Client relationships Clients

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Tax Firm Owner Accused of Making Staff Pay Their Own Salaries for the Privilege of Working There

Going Concern

And you thought your boss sucked. Parampreet Singh Rajput, owner of KPG Taxation with 13 offices in the Australian provinces of Victoria, Tasmania, New South Wales, and Queensland, is getting some fresh heat this week thanks to a new segment in A Current Affair. The Aussie A Current Affair should not be confused with the superior American show of the same name hosted by Maury Povich that ran from 1986-1996.

Tax
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TaxAssist Accountants and Intuit QuickBooks Host Exclusive Event at the Tower of London

Accounting Web

General practice Tags Franchises Start up in practice

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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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Trump's Treasury to decide fate of hundreds of wind, solar projects

Accounting Today

Author Subscribe Login 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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From Code to Cure: The Rise of Autonomous AI Agents to Drive Innovation in Life Sciences

Withum

In a fiercely competitive market, life sciences leaders face the dual pressures of spiraling R&D costs and the urgent need to accelerate innovation. The companies that thrive will be those that move beyond traditional models and embrace a new strategic advantage: autonomous AI agents. AI innovation is moving beyond using AI as a passive analytical tool and is now deploying proactive digital teammates that execute complex tasks to solve some of humanity’s most critical health challenges.

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Survey: 54% of Workers Got Hired Through a Connection

CPA Practice

When asked what made the most significant difference in their most recent job search, respondents pointed to personal connections (27%) and professional connections (23%) as the most valuable.

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IRS to discontinue kiosks at Taxpayer Assistance Centers

Accounting Today

The Internal Revenue Service won't renew a $500,000 annual contract to repair the self-service kiosks after a contractor failed to keep them in working order.

Tax
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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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Who is sick of clicks? How technology can help you reclaim your time

Accounting Web

Practice software Tags Automation Document management Practice management

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Mayo Clinic ‘Schools’ IRS in $11.5 Million Court Victory

CPA Practice

After nine years, a court of appeals ruling in July officially confirmed Mayo Clinic’s final victory over the IRS in a $11.5 million legal dispute over its tax-exempt status.

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No CGT for caregiver living in family home

Accounting Web

HMRC & policy

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Oracle NetSuite Announces NetSuite AI Connector Service

Intuitive Accountant

AI is creating a world of new possibilities for businesses. We see it every day in how customers are taking advantage of the AI capabilities embedded across NetSuite.

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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