Wed.Apr 02, 2025

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AI in accounting: Weighing the pros and cons

Accounting Today

Experts at a recent AICPA symposium dove into the upsides and the downsides of artificial intelligence.

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ACH Loan: Quick Cash or Costly Mistake? How It Works & Cautionary Tales

Fit Small Business

An ACH loan (also known as a cash flow loan) provides you with swift access to short-term financing. It offers fast approval and automated repayments via the Automated Clearing House network. While it presents convenience, frequent payments can strain cash flow. Some businesses use it to drive growth or handle unexpected expenses requiring immediate funding, The post ACH Loan: Quick Cash or Costly Mistake?

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SCOTUS bars bankruptcy clawback from IRS

Accounting Today

The Supreme Court overturned a number of lower courts to say a bankruptcy trustee can't get misappropriated funds back from the Internal Revenue Service.

Tax 241
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30 TikTok Shop Statistics to Know in 2025

Fit Small Business

TikTok is reshaping the future of ecommerce even if its future in the U.S. hangs in the balance. As lawmakers debate whether to ban the app or force a sale to an American company, TikTok remains a powerhouse in the world of social commerce. The all-in-one platform blends entertainment, education, community, and shopping, making it. The post 30 TikTok Shop Statistics to Know in 2025 appeared first on Fit Small Business.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Why IRS cuts may spare a unit that facilitates mortgages

Accounting Today

An Internal Revenue Service division that helps authorize the release of tax transcripts used in lending through form 4506-C is tied to core functions.

Tax 235
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17% of millennials are considering not filing taxes this year

Blake Oliver

Heres a shocking stat: 17% of millennials are considering not filing taxes this year because they think there's less chance of being audited due to IRS job cuts. In our latest episode of The Accounting Podcast, David Leary and I analyze this survey data point. We also examine IRS officials' claims that budget cuts will widen the tax gap by $500 billion.

Tax 52

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How to Acumatica: Pricing Your ERP - Part 1

Insightful Accountant

In this edition of "How to ERP" Murph looks at some of the pricing elements for Acumatica including ways they have made their product not only feature-based but performance-based consistent with your historical transaction data.

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Intuit upgrades Enterprise Suite

Accounting Today

Intuit announced improvements to its Intuit Enterprise Suite product centered around workflow automation and data analytics and payroll.

Payroll 147
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Trust Filing Mistake Case May Reshape "Reasonable Cause" Rules

Insightful Accountant

A new federal district court case, Murphy v. United States, creates an important distinction in the long-established Boyle standard for penalty relief when taxpayers rely on tax preparers.

Tax 52
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Don't place a bond ladder on shaky tax ground

Accounting Today

The wrong asset location could defeat the whole purpose of the strategy, according to a new study on Treasury inflation-protected securities.

Tax 130
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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Client Overview Template: Key to Smooth Knowledge Transfers

Future Firm

Avoid missed work and unhappy clients with a client overview template. Discover how this can help you systematize your firm. The post Client Overview Template: Key to Smooth Knowledge Transfers appeared first on Future Firm.

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Government financial reporting and the road ahead under FDTA

Accounting Today

A landmark research study by GASB has provided one of the most detailed examinations to date of how state and local governments in the U.S. use GAAP.

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How the FTC Safeguards Rule Affects Tax Professionals and Their Practice

Ace Cloud Hosting

Protecting customer data is more important than ever. With cyber threats rising, the FTC Safeguards Rule requires financial institutions, such as tax professionals, to adopt comprehensive security measures. The FTC.

Tax 52
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X asks Supreme Court to shield Coinbase users from IRS probe

Accounting Today

Elon Musk's X is urging the justices to shield companies from being forced to disclose sensitive user financial data under "suspicionless" subpoenas.

Tax 130
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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Macy's to claw back bonuses due to accounting scandal

Accounting Today

The department-store operator tied executives' cash bonuses to an earnings metric that turned out to be overstated by around $81 million in 2023.

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Washington gov. pans wealth-tax proposal

Accounting Today

Washington Governor Bob Ferguson said he wouldn't sign a budget that relies on the wealth tax proposed by his fellow Democrats in the state legislature.

Tax 173
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Senate unveils plan to fast-track tax cuts, debt ceiling hike

Accounting Today

The Senate plan will allow for a $4 trillion extension of Trump's tax cuts and an additional $1.5 trillion in further levy reductions.

Tax 130
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Republicans eye $25K SALT cap as Trump's tax cuts take shape

Accounting Today

A sizable increase to the current $10,000 limit on SALT write-offs would represent a major victory for a crucial group of swing-district House Republicans.

Tax 160
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Forecasting Failures Are Costly: Heres 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.