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News
Treasury proposes GENIUS Act rules on who can sell stablecoin
7+ hour, 9+ min ago (333+ words) The Treasury Department issued a notice of proposed rulemaking Monday on implementing a section of the GENIUS Act, a law passed last year that sets up a regulatory framework for stablecoins, a form of digital assets pegged to a fiat…...
Check your tech stack for AI training leaks
8+ hour, 36+ min ago (1253+ words) "If you go and read their terms, they're not exactly favorable. Some of the terms have been like that for several years," he said. While there is great variation between how vendors word their respective policies, however, there are certain…...
Firm files patent on service contract and warranty accounting
11+ hour, 51+ min ago (288+ words) Kerper Bowron LLC, an actuarial, accounting, and insurance consulting firm based in Birmingham, Alabama, and Irish Trinity LLC have filed U.S. and international patent applications for what they call Kerper-Bowron Method — a way to forecast and account for liabilities for service…...
Entrepreneur networking groups for practice leaders
13+ hour, 41+ min ago (527+ words) With all the challenges you face building your firm, isolation may be the toughest. In fact, the annual CPA Career Satisfaction Survey conducted by Tri-Merit and Brainstorm Group found that sole practitioners and small firm owners had among the biggest…...
Rogue agents: when AI won't listen
13+ hour, 47+ min ago (187+ words) But they also demonstrate that while agents can certainly go awry, they can also be corrected and set back on the right path. We asked AI specialists throughout the accounting world to share their personal experiences when an AI agent…...
Hiring for small firms
14+ hour, 36+ min ago (615+ words) A firm's first full-time employee is a major milestone — one that requires more thought and planning that you might expect, according to Rebecca Himango, the founder of illuminHR, who walks firms through building up the infrastructure they need to support…...
Eide Bailly expands in California, Hawaii
3+ day, 7+ hour ago (282+ words) Top 20 Firm Eide Bailly will acquire accounting and advisory firm MUN, effective Aug. 17. MUN services clients across healthcare, real estate, nonprofits, employee benefit plans, local governments, manufacturing and hospitality. The deal adds offices in Glendale, California; Roseville, California; Lihue, Hawaii;…...
Intuit announces Intuit Intelligence Chat, other upgrades for Enterprise Suite and QBOA
4+ day, 12+ hour ago (193+ words) Intuit also noted that the feature has accounting practice management implications as well: firms are already using it to do things like deploy agents on the platform to close their books faster, customized to how each firm actually serves its…...
LCvista acquires CPA QualityPro
5+ day, 11+ hour ago (167+ words) CPE compliance solutions provider LCvista has acquired CPA license management solutions provider CPA QualityPro, combining accounting expertise and data across CPE, learning, licensure and mobility. As part of the transaction, LCvista's lead investor, Polaris Growth Fund, has increased its investment…...
What happens when an overseas client isn't paid?
5+ day, 13+ hour ago (1027+ words) The call often comes near month-end. A client's overseas customer has missed the payment date, the sales team still expects the money, and finance wants to know what belongs in the forecast. Everyone sees a different problem. Sales sees a…...