Mon.May 12, 2025

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Financial advisors are divided over this RMD tax strategy

Accounting Today

A little-known feature of RMD tax withholdings could help minimize a client's effective tax burden. Not all financial advisors are on board with the strategy.

Tax 245
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The 2025 Tax Practitioner Hiring Crisis

Insightful Accountant

The tax profession faces unprecedented recruiting challenges in 2025. As specialized tax expertise becomes increasingly valuable amid evolving legislation, firms struggle with a diminishing pipeline of qualified candidates.

Tax 69
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Improper payment rate still too high at IRS

Accounting Today

The Internal Revenue Service has not yet satisfied the goal of the Payment Integrity Information Act to reduce improper payment rates to less than 10%.

Tax 290
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The 8 Best AI-Powered Credit Management Solutions of 2025

Gaviti

Effective credit management has always been essential to business success, but as the world evolves, traditional approaches are giving way to technological approaches. Today, artificial intelligence (AI) has become a transformative force, reshaping how businesses handle credit management. AI-driven solutions not only streamline credit processes but significantly reduce risks, create more objective decision making and enhance overall financial health.

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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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More companies get assurance on sustainability reporting

Accounting Today

Approximately three-quarters of large global companies are receiving assurance services on their sustainability reporting, according to a new report.

Auditing 165
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VDI for Accounting Firms: What to Know and Why It Matters

Ace Cloud Hosting

The accounting industry has long been known for its relentless work ethic. With the evolution of the global business landscape, companies now dont look at accountants as just number crunchers.

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Leveraging Automation for the Digital Generation with Blake Sanford

AvidXchange

Adopting new technology quickly is the name of the game in fintech, but not everyone in your organization including your customers will be on board at first. In this episode, Michael Praeger sits down with Blake Sanford , VP of Association and Strategic Partners at Property Management, Inc. (PMI) , to discuss how h e s led PMIs franchise owners through technology advancements.

AR 52
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FASB issues standard on acquirers in business combinations

Accounting Today

The Financial Accounting Standards Board released an update to improve the requirements for identifying the accounting acquirer in business combinations.

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Celebrate the Best in the Profession at the 2025 Top 100 ProAdvisor Reception

Insightful Accountant

Each year, Insightful Accountant honors the most dedicated, innovative, and impactful professionals in accounting through our Top 100 ProAdvisor Awards Program. And this year, were bringing that celebration to life in an unforgettable way.

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Art of Accounting: Analysis of Top 100 Firms data

Accounting Today

Public accounting is a vibrant and strong profession and also a business, as shown in data from the latest rankings on firm revenues, partners and staff size.

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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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Help Past Due Customers & Protect Your Company with Promissory Notes

Trade Credit & Liquidity Management

It is not unusual for a customer with a good payment history to have short-term cash flow issues that drive up their past due balances. As a credit executive, you are on the front line to protect your company from losses. Equally important is to do whatever you can to enhance revenue opportunities. When a customer is seriously past due with a significant balance, a way to avoid third-party collection or legal action is to work with the customer and reconfigure the debt.

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How to Start a Bakery and Make It Profitable

Fit Small Business

Starting a bakery takes more than just great recipes you need a solid plan, the right licenses, smart pricing, and a strategy to attract loyal customers. You’ll begin by choosing your bakery type and designing a menu that sells. Then, youll create a detailed business plan, handle legal requirements, estimate your startup costs, and. The post How to Start a Bakery and Make It Profitable appeared first on Fit Small Business.

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Should property management companies outsource accounting in 2025?

Outsourced Bookeeping

For a property management company, it might be difficult to oversee the financial operations while focusing on the core activities. When the company grows, maintaining financial records, handling compliances, risk mitigation, and other such tasks becomes challenging. Companies need to hire a separate team for managing the finances which can cost them a lot.

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May & Beyond: Key Strategies to Onboard and Retain Talent for Long-Term Success

accountingfly

As you head into May and beyond, your firm is likely settling into a post-tax season rhythm, and the focus can shift to ensuring your new hires are set up for long-term success. Having onboarding and retention strategies are critical to maintaining a high-performing, engaged team, so it’s essential to have strategies in place to help them thrive in their new roles.

Tax 52
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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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Investing in Retirement Plans to Save on Taxes for Your Business: A Smart Move for Murrieta, Temecula, Wildomar & Menifee Business Owners

Stephanie Peterson

As a small business owner, finding smart ways to reduce your tax burden while planning for the future is essential. One powerful strategy that often gets overlooked is investing in retirement plansnot just for your own retirement, but also as a valuable financial and tax-saving tool for your business.

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House tax panel releases partial version of Trump bill

Accounting Today

The proposal calls for increasing the maximum child tax credit to $2,500 and raising the estate tax exemption to $15 million.

Tax 225
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GOP starts crucial week with key tax, spending issues unanswered

Accounting Today

House Republicans are struggling to resolve issues with President Trump's multitrillion-dollar tax package, including the deduction for state and local taxes.

Tax 219
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State AI regulation ban tucked into Republican tax, fiscal bill

Accounting Today

A powerful House committee has tucked language preventing states from regulating artificial intelligence into President Trump's massive tax and spending bill.

Billing 147
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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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House tax bill calls for $30K SALT, omits millionaire tax

Accounting Today

The House tax committee is seeking to increase the state and local deduction and make official several of President Trump's campaign tax pledges.

Tax 147
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Medicaid work requirements sought to fund Trump tax cuts

Accounting Today

The committee also proposes limiting states' ability to pay their share of Medicaid by placing a moratorium on new or increased taxes on medical providers.

Tax 130
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Trump Media said it had 'material weakness' in internal controls

Accounting Today

The findings come after a net loss of $31.7 million for the first quarter, which ended with cash, cash equivalents and short-term investments of $759 million.

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Jon Voight joins studios, unions to press Trump for film aid

Accounting Today

President Donald Trump's Hollywood ambassadors asked the White House to expand and extend tax incentives as part of an upcoming budget reconciliation bill.

Budgeting 147
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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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GOP to claw back Biden's climate law to fund Trump tax cuts

Accounting Today

Billions of dollars allocated under former President Biden's Inflation Reduction Act would be rescinded under a portion of Trump's sweeping tax package.

Tax 130