Mon.Mar 10, 2025

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What’s new in Xero – March 2025 & Quarterly Wrap

Xero

Its been a massive start to 2025! In February , we shared enhancements weve made to invoicing. We also heard your feedback, and so now you can automatically prepare partnership annual accounts and tax returns using Xero data and seamlessly file them with HMRC (read more in the previous edition of Whats New). Check out more in our quarterly wrap video below.

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BPM expands in Canada

Accounting Today

The Top 50 Firm is expanding further in Canada by adding locations in the greater Toronto area and Calgary.

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JAX expands beta access and introduces new features to save you time and effort

Xero

A year ago, we shared our vision to reimagine accounting using AI and mobile , recognizing the transformative potential for small businesses and the industry. As part of delivering on that vision, we launched Just Ask Xero (JAX), our smart and reliable generative-AI business companion, to make accounting tasks easier and save you time through simple conversation within everyday apps.

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An inside look at the alternative practice structure

Accounting Today

Firms everywhere are adopting alternative practice structures -- but who knows what an APS really is? William Kelly, chief counsel at Ascend, dives into the details.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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Driving a Successful Company-Wide FinOps Cultural Change

finout

The landscape of financial operations (FinOps) is undergoing a transformative change as organizations embrace cloud technologies. A successful FinOps cultural change within a company isnt just about adopting new tools or processes; its about creating a financial mindset that permeates every level of the organization. This article dives into the insights shared by experts Dvir Mizrahi, previous Head of FinOps at Wix and Asaf Liveanu, Co-Founder & CPO at Finout on how to navigate the challenge

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AICPA proposes independence changes for PE

Accounting Today

The possible rule changes would affect the alternative practice structures set up by accounting firms receiving private equity financing.

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CohnReznick makes plans after scoring PE funding

Accounting Today

The Apax Partners deal will add more capabilities for the firm to expand geographically in its existing areas as well as new territory.

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What Is Prime Cost? Formula + Free Calculator

Fit Small Business

The prime cost is the total direct material and labor costs of producing a product or delivering a service. It helps you analyze how much these costs reduce your gross profit, making it easier to determine whether your expenses are within a healthy range. The formula for computing prime costs is as follows: Prime cost. The post What Is Prime Cost? Formula + Free Calculator appeared first on Fit Small Business.

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Financial empathy for CPAs isn't an oxymoron

Accounting Today

Deep in the heart of busy season, you may not be feeling much empathy for clients who have been procrastinating and are so disorganized, but you should.

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Top 10 Invoicing Software for Freelancers for Simplified Billing

Invoicera

Invoicing for freelancers is the most boring task! But technology has made it easy to handle complex billing with automation and in very little time. There are around 1.75 billion freelancers all over the world, and everyone has to send bills to clients in order to receive timely payments. This blog discusses 10 invoicing software for freelancers that will help them create and send invoices faster than before.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Art of Accounting: 5 reasons for failing to grow and how to change them

Accounting Today

Part of growing is for your staff to also grow. That growth comes when they are empowered to take charge, supervise and make decisions.

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Voting Continues for the 2025 ProAdvisor Awards

Insightful Accountant

More than 700 Ballots for the 2025 ProAdvisor Awards have already been cast. Have you cast yours?

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UBS found guilty in France of harassing two tax whistleblowers

Accounting Today

UBS France retaliated against its former auditor by sidelining him and refusing to promote him to executive director after he disclosed information to bosses.

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Tax Season Update: IRS Layoffs, Scam Alerts, and CTA Enforcement Changes

Insightful Accountant

The 2025 tax season continues to evolve with significant changes at the IRS, new scam alerts, and updates to Corporate Transparency Act enforcement. Here's what tax practitioners need to know.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

Speaker: Anna Tiomina, MBA

AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?

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How Can Small Businesses Compete Successfully With Larger Businesses? Our Top 6 Tips

CSI Accounting & Payroll

Larger businesses often have many advantages. Tons of locations, customer loyalty, brand recognition, cheaper bulk purchases from suppliers, bigger budgets you name it.

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A Guide to the Procurement Act 2023 -What It Means for Your School or Trust

Compleatable

Posted on March 07, 2025 If youre involved in managing a school or academy trust in the UK, youve likely heard whispers about the Procurement Act 2023. Despite its name suggesting its been around for a while, this piece of legislation only came into force a couple of weeks ago, on February 24, 2025. Its a big deal for anyone handling purchasing decisions, and its shaking up how schools and trusts buy goods, services, and works.

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Green Screens and Pink Slips: An IRS Agent's Layoff Story

Cloud Accounting Podcast

What happens when political changes collide with tax enforcement? In this revealing conversation, former IRS revenue agent Jeff Johnson shares his firsthand account of being caught in the recent mass layoffs at the IRS. Having just completed seven months of intensive training, Jeff was among 7,000 probationary employees suddenly terminated as part of a broader federal workforce reduction initiative.

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House unveils Trump-backed bill to avert government shutdown

Accounting Today

The bill would claw back $20.2 billion in spending for the IRS passed as part of President Joe Biden's signature green-energy Inflation Reduction Act.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.