Wed.Feb 05, 2025

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AICPA to update independence rules as PE pours in

Accounting Today

The American Institute of CPAs is planning to revise its independence rules amid the wave of private equity investments in accounting firms.

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5 Steps to Protect Your Business from Unexpected Accounting Disruptions

Accounting Department

Managing finances effectively is the backbone of any successful business. Even minor accounting disruptions can snowball into significant financial issues for small to medium-sized business (SMB) owners and entrepreneurs.

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Undergraduate accounting enrollment rose 12%

Accounting Today

Total undergraduate accounting enrollment for fall 2024 was 257,278 students, the highest reported since fall 2020 and just shy of the pre-pandemic fall 2019 enrollment.

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How Far Will Workday Take GenAI and LLMs? The Future of AI in Finance & HR

Ascend Software blog

Artificial Intelligence (AI) is no longer just a buzzwordits fundamentally reshaping the way businesses operate. Workday, a leader in enterprise cloud applications for finance and HR, is doubling down on Generative AI (GenAI) and Large Language Models (LLMs) to streamline processes, reduce manual work, and empower employees to focus on high-value tasks.

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Forecasting Failures Are Costly: Here's How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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Ascend adds MHP

Accounting Today

The private equity-backed accounting firm added McGee, Hearn & Paiz in Cheyenne, Wyoming, to expand its Western geographic footprint.

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Building a $500K Lifestyle Accounting Firm in Under 24 months w/Michael Meihaus, CPA

Jetpack Workflow

Podcast Summary In this episode of Growing Your Firm, host David Cristello speaks with Michael Meihaus , the owner of Meihaus CPA , who transitioned from a decade in public accounting to launching his own firm focused exclusively on retirement plan audits. Michael shares his journey of self-discovery, including a pivotal conversation that prompted him to leave his job and pursue his passion.

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IRS Reform Bill Promises Major Changes

Insightful Accountant

Senate Finance Committee leaders have introduced the Taxpayer Assistance and Service Act, a bipartisan bill that could significantly impact how tax practitioners interact with the IRS and serve their clients.

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Carson Group launches tax program led by veteran planner

Accounting Today

Debra Taylor is spearheading a new program entailing education for financial advisors, guides for clients and technology integrations.

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Black Entrepreneurs Leverage Tech more than Non-Black Entrepreneurs

Insightful Accountant

Recent Intuit QuickBooks survey shows Black Entrepreneurs are leveraging technology more than their non-Black Entrepreneur counterparts.

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Private sector added 183K jobs in January

Accounting Today

Annual pay rose 4.7% year over year for people who stayed in their jobs, according to ADP.

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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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Finale Inventory Adds Transaction 'Attachments'

Insightful Accountant

Responding to their inventory users, Finale has added attachments for their 'Gold' (and above) level subscribers.

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Armanino buys Florida-based ERP specialist Complete Business Solutions

Accounting Today

Armanino announced the acquisition of Florida-based ERP implementation and support specialist Complete Business Solutions.

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Why is PE Interested in Buying Your Firm?

Future Firm

Private equity is targeting the accounting industry. In this episode, I dive into the reasons why and what it means for your firm. The post Why is PE Interested in Buying Your Firm? appeared first on Future Firm.

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Touchdowns and penalties: How partners score wins

Accounting Today

Just like your favorite NFL or college football team, your firm has opponents, and you need to manage all aspects of a successful firm to stay competitive.

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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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When Is The IRS Starting Tax Return

Black Ink Tax & Accounting

Table of Contents Tax preparation and planning: Common tax planning forms Tax preparation and planning are both vital aspects of […] The post When Is The IRS Starting Tax Return appeared first on bitaccounting.

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Endera

Tipalti

With Tipalti, Endera improved invoice management, automated vendor onboarding and data collection, and optimized international payments by eliminating manual wire transfers.

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Tips And Tricks For Tax & Tricks

Black Ink Tax & Accounting

Table of Contents Tax preparation and planning: Common tax planning forms Tax preparation and planning are both vital aspects of […] The post Tips And Tricks For Tax & Tricks appeared first on bitaccounting.

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What are Invoice Payment Terms? Meaning and Applications

Tipalti

Learn how to optimise invoice payment terms with clear phrasing and automation tools. Explore strategies to streamline payments and ensure faster transactions.

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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 to improve your payment operations this year

Plooto

Most small business owners dont relish thinking about how to manage payment operations efficiently. But its exactly the sort of thing every business needs to nail so teams can spend time thinking about more impactful (and inspiring) parts of the business. According to our survey of 500+ Canadian business owners, accountants, bookkeepers, and financial professionals, businesses across Canada prepare for growth in 2025.

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Self-Billing in the UK: A Comprehensive Guide

Tipalti

Learn how self-billing works for UK businesses, its key benefits, and a step-by-step guide to simplify invoicing and improve cash flow efficiency.

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Tax Strategy: The IRS and the new administration

Accounting Today

The last Trump administration placed limits on new federal regulations, and it seems reasonable to expect more of the same.

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Comparing Tipalti vs Basware for UK Businesses

Tipalti

See how Tipalti vs Basware stack up to each other and discover which platform best suits your company's needs in managing accounts payable efficiently and effectively.

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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.