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By Dominic Piscopo June 23, 2025, 1:24 p.m. With accounting talent in short supply, many firms are paying a premium for external hires instead of promoting their internal talent. All rights reserved.
EDT 3 Min Read Facebook Twitter LinkedIn Email The accountant the world urgently needs has evolved far beyond the traditional role we recognized just a few years ago. Yet, in many areas, accounting education stubbornly clings to outdated, overly technical models that fail to connect with the actual demands of the market.
EDT 5 Min Read Facebook Twitter LinkedIn Email Over the last several months, Ive been partnering with Intuit QuickBooks, Brittany Brown with Ledger Gurus and Utah Valley University professor David Waite to deliver a hands-on accounting curriculum that teaches students the skills they need to succeed in the accounting profession.
accountants who advise small and midsized businesses are feeling less confident this year, according to a new survey. Between January and April, the net sentiment among accountants swung from a positive 19% to a negative 39%. All rights reserved. EDT 3 Min Read Facebook Twitter LinkedIn Email U.S.
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! 📆 January 16th, 2025 at 11:00 AM PST, 2:00 PM EST, 7:00 PM GMT
EDT 3 Min Read Facebook Twitter LinkedIn Email By now, anyone reading this column has heard enough about the historic set of challenges confronting tax and accounting firms. Now, it appears that accounting firms have gotten the message loud and clear, and they are starting to do something about it. All rights reserved.
All rights reserved. For Randy Crabtree, that meant acknowledging that he needed help in the wake of a stroke, and then having the courage to reimagine his career and firm.
The Top 15 Accounting Conferences to Attend in 2025 Staying ahead in the finance industry takes more than just crunching numbers. That’s where accounting conferences come in. This guide runs through some of the top accounting conferences in 2025, where industry leaders tackle must-know topics.
Joshua Roberts/Bloomberg The Securities and Exchange Commission appointed Kurt Hohl, a former partner at Ernst & Young, as its new chief accountant, effective July 7. Acting chief accountant Ryan Wolfe will be returning to his role as chief accountant in the Division of Enforcement. All rights reserved.
Accountants are central to bridging this gap. Without active accountant involvement, organizations risk over-relying on passive technological defenses. All rights reserved. EDT 2 Min Read Facebook Twitter LinkedIn Email Fraud drains billions of dollars from businesses annually, affecting economies around the world.
The AI agents include: Accounting Agent: Automates bookkeeping and transaction categorization, and helps with reconciliation of the books. All rights reserved. The homepage displays a set of customizable widgets with a business feed showing insights, recommendations, and summaries of the workflows and tasks completed by the AI agents.
EDT 3 Min Read Facebook Twitter LinkedIn Email Wipfli's offices in Wausau, Wisconsin Courtesy of Wipfli LLP Wipfli, a Top 20 Firm based in Milwaukee, received a minority investment of roughly 40% from New Mountain Capital, making it the latest accounting firm to score private equity funding. All rights reserved.
Tax IRS Tax season Tax returns Tax regulations MORE FROM ACCOUNTING TODAY Practice management BDO names Matt Becker next CEO Matthew Becker, BDO USAs national managing principal of tax, has been ratified by a principal-wide vote to succeed Wayne Berson as the firms next CEO, effective July 1, 2026. All rights reserved.
EDT 6 Min Read Facebook Twitter LinkedIn Email Accountants are facing increasing demands for precision, speed and data protection. Accountants manage a high volume of sensitive information daily, covering everything from client tax details and payroll reports to audit documentation and financial disclosures. All rights reserved.
Breathing room Current Federal Tax Developments ( [link] ): The critical updates of Notice 2025-33, which impacts digital asset brokers and their compliance obligations under IRC Sections 6045, 3406 and related penalty provisions, extend and modify previously granted transitional relief, "offering much-needed breathing room."
Chris Gaetano Technology Editor, Accounting Today linkedin For reprint and licensing requests for this article, click here. Technology RSM Artificial intelligence Practice management MORE FROM ACCOUNTING TODAY IRS IRS updates procedures list for accounting changes Rev. All rights reserved.
aims for operational excellence July 21, 2025 10:01 AM 2:36 Facebook Twitter LinkedIn Email Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. All rights reserved. Please check the corresponding audio for the authoritative record.
15, 2025, and Jan. 31, 2025, and Jan. All rights reserved. EDT 2 Min Read Facebook Twitter LinkedIn Email Individuals and businesses in New Mexico affected by severe storms, flooding and landslides that began on June 23 now have until next Feb. 2 to file various federal individual and business returns and make tax payments.
The broader release is expected by the end of 2025. Financial Cents introduces advanced reporting features bohlam - stock.adobe.com Accounting practice management software provider Financial Cents announced a new reporting suite to help firm owners manage their team performance, revenue generation and profitability more precisely.
Audit Audit preparation Client retention MORE FROM ACCOUNTING TODAY Accounting Koziel: There's more upside than downside for accountants The profession faces plenty of issues — but many come with strong opportunities, says the AICPA chief. All rights reserved.
EDT 1 Min Read Facebook Twitter LinkedIn Email The Institute of Management Accountants is expanding its competency framework for accounting and financial professionals. The IMA is explaining the details at its conference in Scottsdale, Arizona this week, as well as an American Accounting Association conference in August.
The alleged accounting fraud overstated the companys revenue by about $25 million, prosecutors said. All rights reserved. before it was acquired by a blank check firm in 2022. Near Intelligence, which provided data insights to major companies including Wendys Co. and Ford Motor Co.,
Bloomberg announces new features for AI Assistant Bloomberg Tax and Accounting announced a bevy of new features for its AI Assistant. Users can accept contactless cards and digital wallets; and automatically reconcile payments in Sage Accounting. All rights reserved.
By Richard Chambers July 18, 2025, 11:54 a.m. So, it should come as no surprise that a recent visit to a major university provided fresh inspiration and insights including this one: The next generation is more likely to see accounting or internal auditing not as a career but as a steppingstone. All rights reserved.
And so both of those things I think we still see today in 2025, have allowed us kind of a good base to grow and to remain independent and be, were currently $115 million firm, over 600 employees, definitely that weve grown. All rights reserved. Please check the corresponding audio for the authoritative record.
Tipalti provides a suite of finance automation solutions for accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management and tax compliance. "I All rights reserved.
Make sure you're getting it all Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services. All rights reserved. Please check the corresponding audio for the authoritative record. Like what you see?
Make sure you're getting it all Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services. All rights reserved. Like what you see?
And we all know that the accounting profession, and candidly, the world is really in a new era of AI transformation and tech transformation. All rights reserved. Please check the corresponding audio for the authoritative record. And then I think one other thing makes us really different is weve partnered with Thrive Capital.
If youre a small business owner, accountant or bookkeeper, you already know how crucial it is to stay ahead in a competitive and ever-changing digital environment. billion to our GDP in 2025 alone. billion to our GDP in 2025 alone. Many New Zealand SMEs have adopted the basics: websites, email, and basic accountingsoftware.
XcelLabs provides solutions to help accountants use artificial technology fluently and strategically. Accountants know they need to be more advisory, but not everyone can figure out how to do it," Tolin said in a statement. All rights reserved. These offerings are currently in beta testing.
Wiss ( [link] ): What to remind them about the key benefits of outsourcing accounting services. All rights reserved. EDT 4 Min Read Facebook Twitter LinkedIn Email E-comm challenges; advising on biz sales; the IRS and math errors; and other highlights from our favorite tax bloggers.
Red Wing Software announces new version of CenterPoint Red Wing Software released CenterPoint Version 20, which comes with many new features, including Bank Transaction Import from Plaid. All rights reserved.
Gary Boomer June 9, 2025 10:00 AM Facebook Twitter LinkedIn Email As CPA firms grow into the $10 million to $100 million revenue range, operational complexity increases, especially during peak periods like tax season. All rights reserved. Gary Boomer Visionary and strategist, Boomer Consulting Inc.
EDT 4 Min Read Facebook Twitter LinkedIn Email The accounting sector is poised to undergo its greatest reshuffling in generations. accounting firms have taken PE investment. All rights reserved. Since 2021, nearly a quarter of the 100 biggest U.S.
In 2025, confidence is making a comeback for small and medium-sized businesses. They’re looking for real improvements, especially in areas like purchasing, accounts payable, payments, and spend visibility. You might have accountingsoftware in one corner, procurement approvals in someone’s inbox, and budgets managed in a spreadsheet.
EDT 1 Min Read Facebook Twitter LinkedIn Email The Bonadio Group's office building in Buffalo, New York The Bonadio Group, a Top 50 Firm based in Rochester, New York, is merging in Dalle Accounting and Cash Management Inc., All rights reserved. a firm based in Albany, effective Sept. a firm based in Albany, effective Sept. million.
EDT 1 Min Read Facebook Twitter LinkedIn Email The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. All rights reserved.
After an IRS audit in 2016 assessed a federal tax debt totaling some $1 million, Archer concealed and transferred assets through two LLCs he controlled and began using third-party bank accounts to evade paying the tax debt. All rights reserved. In March 2019, Archer filed for Chapter 7.
Make sure you're getting it all Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services. All rights reserved. Please check the corresponding audio for the authoritative record. Jason Kruger (00:09): Yeah.
These are some of the statistics reported by National Restaurant Accounting. This can result in less time or motivation to focus on numbers, accounting, and bookkeeping, even though these tasks are crucial for long-term success. Automation has revolutionized accounting in recent years, and it will continue to do so in 2025.
EDT 1 Min Read Facebook Twitter LinkedIn Email Accounting firms are reporting bigger profits and more clients, according to a new report. All rights reserved.
EDT 4 Min Read Facebook Twitter LinkedIn Email For decades, accounting firms have operated on a rhythm as reliable as a metronome: a rush of activity from January through April, followed by a lull that stretches through the summer and beyond. All rights reserved. What was once a manageable cycle is now a source of instability.
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