Fri.May 09, 2025

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US probes role of CrowdStrike bosses in Carahsoft IRS deal

Accounting Today

It remains unclear why the companies struck the deal without an IRS purchase, but Carahsoft previously said it stands by the cybersecurity tech transaction.

Tax
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Recognizing Our Military Spouses: Happy 2025 MilSpouse Appreciation Day!

Accounting Department

Our AccountingDepartment.com family is proud of its vibrant and diverse cast of characterswe span the country with our team members coming from all backgrounds and personalities. Included among our team are some amazing Military Spouses whose hard work, dedication, and contributions are part of what makes our family so strong, and theirs as well.

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GOP eyes endowment tax hike in escalation of Ivy League feud

Accounting Today

The proposal would create a tiered system of taxation so that wealthy colleges and universities pay more as the size of their endowment grows.

Tax
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Today's Headline Stories Friday May 9, 2025

Insightful Accountant

Check out our headlines on our new platform from the links in this story.

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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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Trump seeks tax hike on wealthy earning $2.5M or more

Accounting Today

President Trump is pushing lawmakers to increase tax rates on some of the wealthiest Americans as a way to offset other cuts in his signature economic package.

Tax
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A Day in the Life of a Staff Product Manager at Intuit

Intuit

At Intuit, we believe the foundation of great product management is a relentless focus on customer problems. As a Staff Product Manager, much of Jason Wirths day revolves around identifying those problems, validating solutions, and supporting my team to deliver high-quality outcomes. Read on to understand what a day in the life of Jason Wirth, Staff Product Manager at Intuit, entails.

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Empowering MATs with Centralized Spend Management: The Role of Automated Accounting Software

Compleatable

6 Ways Purchase-to-Pay Automation can support MATs Engaging in GAG Pooling 1. Centralized Spend Visibility A unified view of spending across all schools within a Multi-Academy Trust. Bookkeeping at Trust level can feel like an impossible task, with schools using different online tools to track their purchases. Its quite often messy and fragmented. Transitioning schools over to using the same software, allows trusts to monitor and analyze spending patterns, ensuring that funds are allocated appro

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AI great at simple tasks but struggles with complexity

Accounting Today

Artificial intelligence has indeed led tech-forward firms to be more efficient and productive, but at the same time firms have found it still struggles with precision and accuracy, limiting its usefulness.

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30 Best Summer Business Ideas to Start in 2025

Fit Small Business

Summer 2025 is the ideal time to launch something new. Demand for seasonal services is climbing, people are spending more on outdoor fun and convenience, and flexible schedules make it easier than ever to explore a business idea. This list is packed with beginner-friendly summer business ideas that are affordable to start, easy to test, The post 30 Best Summer Business Ideas to Start in 2025 appeared first on Fit Small Business.

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Staten Island's Malliotakis open to $30K SALT cap

Accounting Today

The debate over state and local tax deductions has been a thorny fight because it's a political priority for a small but vocal group of Republicans.

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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The Case for Lien Waiver and Payment Automation in Construction

AvidXchange

The construction industry stands at a crossroads. With ongoing supply chain disruptions, labor shortages, and financial pressures amid economic uncertainty, firms are finding new ways to stay competitive and efficient. Yet, many are still relying on manual processes for lien waiver management and paymentscausing delays, cash flow bottlenecks, increased exposure to check fraud, and project slowdowns.

AP
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Tech news: KPMG rolls out AI trust service

Accounting Today

Plus, EY announces Integrated Finance Managed Service; Ignition debuts AutoCollect solution; and other accounting tech news and updates.

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How to Pay Yourself Through Your Business in Murrieta, Temecula, Wildomar & Menifee — A Guide for Every Entity Type

Stephanie Peterson

As a small business owner in the Murrieta, Temecula, Wildomar, or Menifee area, understanding howto pay yourself isn't just important, its essential for compliance, tax savings, and financial clarity. Whether you're a sole proprietor, LLC owner, S-Corp, or C-Corp, the way you draw income can vary dramatically. At Superior Virtual Bookkeeping, I help local business owners just like you navigate this with confidence.Heres a breakdown of how to pay yourself based on your business entity type.

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On the move: EY hires AI-focused principal

Accounting Today

PICPA installs new president; PCAOB appoints acting chief economist; and more news from across the profession.

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Precision in Motion: Why Process Optimization Is the Future of Manufacturing

Speaker: Jason Chester, Director, Product Management

In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.

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What happens when professionals make a mistake?

Accounting Fun

A doctor's mistake is buried A lawyer's mistake is imprisoned A pharmacist's mistake is poisoned An architects mistake becomes a 'feature', An IT experts mistake is blamed on 'user error' But, an accountant's mistake is.adjusted, corrected and reconciled!

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PCAOB gives more help on quality control standard

Accounting Today

The videos cover roles and responsibilities, ethics and independence, people resources, and technological and intellectual resources.

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Don't charge Ritz prices for Holiday Inn experiences

Accounting Today

Just like hotels and restaurants, when you move up the price ladder, you move up the expectations ladder.