Tue.Mar 25, 2025

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Get set up for the new tax year with Xero Payroll

Xero

With another tax year almost wrapped up, are you ready to tackle year-end payroll? We know it can be a bit painful, so weve prepared some tips to make the process as smooth as possible. Finalising your 2024/2025 tax year Wrap up outstanding items Before processing your last pay run for the 2024/25 tax year, approve any outstanding leave requests, timesheets and overtime to ensure your employees’ final pay is accurate.

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How Nonprofits Can Weather the 2025 Federal Funding Freeze

Compleatable

The recent federal funding freeze has sent shockwaves through the U.S. nonprofit sector, putting crucial programs at risk and spotlighting just how vulnerable mission-driven organizations can be when their financial footing depends heavily on federal dollars. As of January 28, 2025, the White House Office of Management and Budget (OMB) ordered a temporary halt to all federal loans, grants, and financial assistance programs.

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FloQast, Fieldguide launch agentic AI solutions

Accounting Today

FloQast and Fieldguide each announced the release of their own agentic AI solutions for accountants.

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Fired IRS Workers Reinstated, Rippling v. Deel, DOGE Cuts Consultants

Cloud Accounting Podcast

Blake and David dive straight into the headlines, starting with the controversial IRS workforce cuts and their potential impact on tax collections. They examine corporate espionage allegations between payroll companies Rippling and Deel, including a complex web of legal battles, Russian connections, and political involvement, and go on to discuss how AI is rapidly improving at handling longer tasks.

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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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In the blogs: Seamwork

Accounting Today

Welcome to Tax Court; the subscription model; new blog on the block; and other highlights from our favorite tax bloggers.

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QuickBooks Enterprise Inventory Turnover Report

Insightful Accountant

Murph takes you step-by-step through the Inventory Turnover Report available in QuickBooks Enterprise v24

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Boost Your Auto Repair Shop’s Value With an Exit Strategy (Start ASAP!)

CSI Accounting & Payroll

When you own an auto repair shop, you might wear a lot of hats, causing you to take things day by day. You may have some long-term goals , but how do you expect your owner journey to end one day?

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PCAOB sanctions partner for audit failures

Accounting Today

The Public Company Accounting Oversight Board sanctioned and imposed a $40,000 fine on James PAI CPA and its partner for audit failures.

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Top 3 Marketing Mistakes Bookkeepers Make (And How to Fix Them) with Janel Sykora

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart sits down with Janel Sykora, co-founder of Cajabra Marketing, to tackle the top 3 marketing challenges facing accounting and bookkeeping firms in 2025.

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Doeren Mayhew acquires Thurman Campbell

Accounting Today

The Top 50 Firm based in Troy, Michigan has expanded into Tennessee with its latest M&A deal.

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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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Top 11 Resources for QuickBooks Training for Beginners in 2025

Ace Cloud Hosting

QuickBooks is one of the most popular accounting software programs that facilitates accounting operations and tasks for millions of accounting firms and businesses. Whether you’re a new user of QuickBooks.

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McConnell Jones expands to Georgia

Accounting Today

McConnell Jones, the largest African American-owned CPA firm, is focused on expanding its geographic footprint as part of its growth strategy.

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Understanding the Differences Between AI and OCR

Ascend Software blog

In the world of document processing, youve probably heard about Artificial Intelligence (AI) and Optical Character Recognition (OCR). They both play essential roles in digitizing information, but theyre far from the same thing. Lets break down what each does, why they matter, and how theyre changing the game for accounts payable automation.

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4 irrevocable trusts to beat estate tax uncertainty

Accounting Today

Forming a trust now and funding it after Congress decides whether to keep the current gift tax exemption rate could make for an effective preemptive strike.

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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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PwC fined over bank audit by UK watchdog

Accounting Today

The Financial Reporting Council hit PwC with a $3.8 million penalty and one of its accountants with a $43,250 penalty over their audit of Sanjeev Gupta's Wyelands Bank.

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Predictive analytics will transform accounting

Accounting Today

By helping accountants to predict results and make informed, proactive decisions, the rise of predictive analytics improves traditional accounting tasks.

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IRS underreported costs of Direct File: TIGTA

Accounting Today

Internal Revenue Service reports of the cost of the free tax-filing program left out at least $8.8 million in costs, according to a new report.

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Controlling data center costs

Accounting Today

With rapid changes in technology, a state-of-the-art piece of equipment can become a doorstop in just a few months.

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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.

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Boomer's Blueprint: Implementing 'staff on demand'

Accounting Today

Traditional talent development models rely on in-house staff and struggle to keep pace with the changes accounting firms face.

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Dalio warns GOP of 'dire' debt as lawmakers weigh tax cuts

Accounting Today

House and Senate Republicans are battling over the size of spending cuts to be paired with a giant tax cut coming later this year.

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