Tax research is at a tipping point. Firms embracing AI are saving time, improving accuracy, and gaining a clear edge. See where legacy tools fall short, how AI saves time and why 86% agree firms using AI gain an advantage in the new AI Tax Research Solution Outlook Report by CPA.com and Blue J. 🔗Download. https://lnkd.in/eE9WecTG

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Meeting compliance shouldn’t be your finish line - it should be your baseline.Failed audits can lead to serious financial penalties that derail your strategic direction and hit your budget hard. In this session, experts break down what it really takes to prepare for an audit, how to avoid costly failures and maintain continuous compliance year-round. 👉 https://okt.to/7tgil5#compliance #identitysecurity #CyberCompliance #AuditReadiness

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Basis is changing how accountants work by giving them AI agents they can actually trust.Using models like OpenAI o3, o3‑Pro, GPT‑4.1, and GPT‑5, Basis handles complex accounting tasks like journal entries, transaction classification, and month-end close. It automates routine work while clearly explaining every decision made.GPT-5 is the strongest model in Basis' stack to date thanks to its performance in parallel tool calling and advanced reasoning. GPT-5 achieved a perfect 100% success rate on Basis' tool-calling benchmark, while also leading all other models across reasoning benchmarks.Whether it’s validating unusual transactions or reconciling reports, these AI agents help accounting teams save up to 30% of their time while maintaining full transparency.👇 See how Basis uses OpenAI to scale trust (not just tasks) in the comments below.

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Accounting firm salaries have jumped in 2025, with particularly significant gains for entry-level staff — but it's still not clear skies ahead for the profession when it comes to recruiting and retention, with competitive pay being only one part of the equation.Experts highlighted the numerous variables affecting the compensation conversation, including the softening economy, the disparity between external hires' salaries and those of internal hires, private equity, and the need for well-informed decision-making.

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Is Your Cash Flow Statement Direct or Indirect?It doesn't really matter.Original post by Oana Labes, MBA, CPA - follow her for more.Free BUDGETING Masterclass on August 1-2025 @ 11 AM EST: https://nuel.ink/axhfkwBut here's what does:Whether you can read it.Whether you budget and forecast it.Whether you allocate your cash flows to win.Here's a quick breakdown of the three main sections every leader needs to know: Operating Cash Flows (CFO) Investing Cash Flows (CFI) Financing Cash Flows (CFF)Understand how they connect, and you'll know where your cash is going and how to make it work for you.The only difference between direct and indirect methods?How you calculate Operating Cash Flows (CFO).1 The Indirect MethodThis method starts with Net Income and adjusts it to reflect actual cash.Here's how: Start with Net Income from the Income Statement (accrual-based). De-accrue revenues and expenses to convert them into cash terms. Adjust for non-cash items like depreciation, amortization, or gains/losses from asset sales. Exclude non-operating items like dividends received if they're part of investing cash flows. Adjust for changes in working capital (receivables, payables, inventory, prepaids, accruals).2 The Direct MethodThis method calculates CFO by directly tracking cash inflows and outflows.Here's how: Add up cash received from customers. Subtract:Cash paid to employees.Cash paid to suppliers.Cash paid for interest and taxes.Key Points to Remember: Direct Method:More transparent, showing exactly where cash comes in and goes out.Preferred by investors and analysts for its clarity. Indirect Method:Easier and faster to prepare.Used by most companies because the data is already available.The Takeaway:Both methods ultimately show the same total cash flow, but the Direct Method offers deeper insights into your company's cash inflows and outflows.The magic comes when you learn not just to read these statements. But also forecast them to drive business objectives.Make 2025 your best year yet and learn to master financial leadershipMost CEOs want higher valuations.Few have the financial engine to get there.Financiario gives you the strategy, tools, and insights to scale smarter.Even without a CFO.See it in action → https://lnkd.in/e7NsvDkb

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AI is streamlining accounting workflows, but what’s the impact on entry-level growth? alliantConsulting Managing Director, Joy Taylor, raises a key concern: if junior accountants skip the basics, how can they confidently vet AI’s output?Read Part 1 of this two-part series with Accounting Today, where Joy and other experts discuss the risk of skill erosion in early career roles. https://lnkd.in/dNuME_ArExplore how alliantConsulting can ignite powerful change and elevate your business at https://lnkd.in/g69JJ2bC#alliant #Accounting #AccountingCareers #SkillDevelopment #AI #ImpactDhaval Jadav Sondra Leibner Chris Stephenson Amy Flynn

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A broken payroll system doesn't just frustrate employees.It could sink your entire business.Here's what most growing companies overlook:↳ Misclassified workers create massive liability→ Employee vs. contractor has different tax rules→ Getting this wrong brings penalties and back taxes→ One audit can uncover years of expensive mistakes↳ Payment errors destroy team trust→ 65% of employees would look for a new job after two payroll mistakes→ Missing overtime or bonus calculations breed resentment→ Trust takes years to build but seconds to break↳ Manual processes waste precious resources→ The average business spends 5 hours per pay period on payroll admin→ Spreadsheet errors occur in 88% of manual calculations→ Growing companies can't afford these inefficiencies↳ Compliance failures bring severe consequences→ Tax regulations change constantly at local and federal levels→ Late filings trigger automatic penalties→ Personal liability can extend to company directorsThe strongest companies view payroll as a strategic function, not just an administrative task.What payroll challenge has your business struggled with most?Share below ⬇️♻️ Repost to help other business owners avoid costly payroll mistakes.🔔 Follow Orbit Accountants for more https://lnkd.in/eQ7aQsvjhttps://lnkd.in/g6fYViVM

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Audits demand precision, but the right tools can make the process far more efficient. With TallyPrime’s advanced audit capabilities, you can review key transactions using Smart Sampling, simplify related party disclosures, and detect anomalies with Relative Size Factor Analysis—all with ease. Gain deeper insights with Fixed Asset Analysis, track every change with the Enhanced Edit Log, and leverage other features built to deliver accuracy and control. Join CA Nimit Gujarathi in this session and learn how to turn audit preparation into a streamlined, insightful exercise: https://lnkd.in/gzGF55-G#Tally #CAConnect #Webinar #TallyUpdate #CACommunity #Audit

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We’re proud to share that Bennett Thrasher CEO Jeff Call, CPA, PFS, CFP® has been published in CPA Practice Advisor.His new article, “Tax Advisory Practices Are Busier Than Ever: How to Keep Up,” explores the forces driving unprecedented demand in tax services, from evolving legislation like the One Big Beautiful Bill to talent pool shifts and an evolving IRS landscape.Jeff also shares practical strategies on how firms can adapt:• Invest in people and technology• Stay transparent and proactive with clients• Remain grounded in core valuesRead the full article here: https://lnkd.in/gdupB486

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General conditions can be one of the trickiest—and costliest—parts of a construction project.Keith Hosmer, MBA CPA, PRGX Sr. Director of Audit Operations, explains how PRGX audits general conditions to bring transparency and protect budgets from unnecessary costs.To learn more about our specialized audits tailored for complex construction projects: https://lnkd.in/eVj3tajv

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Soft skills are more important to accountants than ever. Learn the basics for Critical Thinking and Problem Solving (and others) here! https://hubs.li/Q03HZ6js0

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There have been some rumors that Katie Kelly has a crystal ball. She doesn't (we checked). But after 20+ years in Accounting + Finance staffing, her instincts about the market are the next best thing.Katie shares her insights (and what they mean for Accounting and Finance leaders) in AMBRION's 2025 Mid-Year Market Report.Get clarity, context, and a data-backed strategy for Q3 👇👇👇 https://lnkd.in/gEQ6cCDf

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Looking to take your tax strategy to the next level? Consider a cost segregation study along with the newly enhanced bonus depreciation for a potentially greater deduction. Learn how: https://lnkd.in/gdXS4yFY

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Accountants are getting creative with Fathom’s new Insert & Embed Files feature!Here’s how they’re using it to build complete, client-ready reports all in one place:📊 𝗔𝗱𝗱 𝗰𝗼𝗺𝗽𝗹𝗲𝘅 𝗘𝘅𝗰𝗲𝗹 𝗮𝗻𝗮𝗹𝘆𝘀𝗲𝘀Drop in charts, pivot tables, and models straight from Excel. No rebuilding, no formatting headaches.📑 𝗜𝗻𝗰𝗹𝘂𝗱𝗲 𝗲𝘅𝘁𝗲𝗿𝗻𝗮𝗹 𝗱𝗮𝘁𝗮 𝘀𝗼𝘂𝗿𝗰𝗲𝘀Bring in supplier reports, sales dashboards, or customer breakdowns. Everything sits together, exactly where it belongs.📝 𝗜𝗻𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝘀𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗱𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 Add compilation letters, audit confirmations, management commentary, or industry-specific compliance documents directly into your reports.The result? Professional, all-in-one reports in minutes, not hours. No more PDF stitching. No more “forgot to attach the Excel file” moments.What would you add to your next management report? 👇Learn more: https://lnkd.in/e4gh682T

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Running a business comes with constant challenges, but as Dana Alexander, CPA, CITP shares, the right financial conversations can turn those challenges into opportunities. From planning ownership transitions to protecting margins, these five key discussions with your accountant can help you build stability and long-term success.Start the conversation today and strengthen your business for the future.🔗 https://lnkd.in/eE7sjaPr#CRIadv #BusinessGrowth #SmallBusinessFinance #AccountingTips #BusinessStrategy #FinancialPlanning #EntrepreneurInsights

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