Fri.May 09, 2025

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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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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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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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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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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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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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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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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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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.

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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.

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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.

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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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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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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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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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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.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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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.

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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.

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Trump cautions GOP on tax hike for rich, but he's 'OK' with it

Accounting Today

President Trump said he would be fine with Republican lawmakers raising taxes on the wealthy, but acknowledged the political challenges.

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