Accounting Today

JUNE 23, 2025

With accounting talent in short supply, many firms are paying a premium for external hires instead of promoting their internal talent. My firms compensation data, collected in 2024 and 2025, shows that accounting firms paid 7% more to bring in outside senior analysts in tax and audit than they paid internal staff in the same positions.

Corporation Tax 290

Corporation Tax Auditing Accounting Software Tax 290

Accounting Today

JUNE 9, 2025

For example, by automating the collection and organization of financial data, an algorithm can generate trial balances and flag high-risk transactions for further review. Algorithms can facilitate the downloading of client financial data, preparation of a trial balance, and risk analysis through prior-year comparisons.

CPA 147

CPA Corporation Tax Auditing Tax 147

Accounting Today

JUNE 19, 2025

In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect. In response, Whitman formed a trust with his girlfriend as the trustee then directed his income from the business into the trusts bank accounts and used the money to pay personal expenses.

Tax 173

Tax Deposits Corporation Tax Auditing 173

Accounting Today

JULY 18, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email A great benefit of my five-decade career in internal auditing and risk management is the opportunity to work with young people. This observation is backed up by longer-term data collected by the U.S. By Richard Chambers July 18, 2025, 11:54 a.m. Bureau of Labor Statistics.

Auditing 189

Auditing Corporation Tax Tax Accounting Software 189

Accounting Today

JUNE 9, 2025

EDT 7 Min Read Facebook Twitter LinkedIn Email I am optimistic about the "trusted advisor" destination that the accounting profession has marked as its territory, but skeptical of the partnership model as a means of transportation to that promised land.

Accounting 130

Accounting Accounting CPA Corporation Tax 130

SSI Healthcare Rev Cycle Solutions

SEPTEMBER 13, 2023

Copayments are normally collected upfront at the time of service. Step 9: Accounts Receivable Management Accounts receivable management involves tracking and managing both incoming and outstanding payments from insurance providers and patients.

Revenue Cycle 52

Revenue Cycle Revenue Cycle Management Billing Account Receivables 52

CapActix

MARCH 23, 2023

Data Analytics and Forecasting Tools The use of data analytics in accounting is not new. Organizations collect data from various sources to store and gather insights about the market, customers, and competitors. Technology is also significantly contributing to the ongoing professional development of accountants.

Accounting 98

Accounting Accounting CPA Accounting Software 98