Trending Articles

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Power BI Write-Back: Key Benefits and Approaches

Acterys

For CFOs and financial analysts, having tools that go beyond traditional reporting is critical. While Microsoft Power BIs native data entry option is useful for simple tasks, it falls short with complex data models and planning requirements. Fortunately, Power BIs ability to write back data directly within reports is revolutionizing financial workflows.

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BOI Reporting Injunction Lifted; FinCEN Extends Deadline to Jan. 13

CPA Practice

FinCEN has extended the Jan. 1, 2025, deadline for most reporting companies to file beneficial ownership information reports with the Treasury Department until Jan. 13, 2025, after a federal court of appeals lifted an injunction on Dec. 23 that had halted the new law.

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AI in FP&A: The Future of Financial Decision-Making

Acterys

If the term “AI” catches your eye, it’s highly likely that ChatGPT comes to mind. And you would be absolutely correct in making that association. The launch of ChatGPT has taken the world by storm. Its success has kickstarted an AI race that has compelled almost every company to embed artificial intelligence and machine learning algorithms into their software architecture to mirror the same level of agility and productivity.

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Burkland’s Top Startup Blog Articles of 2024

BurklandAssociates

From best practices for board reporting to election year insights, explore Burklands most popular startup blog articles of 2024. The post Burklands Top Startup Blog Articles of 2024 appeared first on Burkland.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Public losing trust in taxes

Accounting Today

Only about one-third of taxpayers globally believe tax revenues in their country are being spent for the public good, according to a recent survey.

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Top 5 Mistakes Nonprofits Make During Year-End Financial Reporting

GrowthForceBlog

7 min read December 18th, 2024 The process of closing out financial records is complex, and there are lots of places where nonprofit financial mistakes can occur. However, your final financial reports and records must be accurate and compliant. Key Takeaways 5 Common Year-End Financial Reporting Mistakes Nonprofits Should Avoid: In addition to recognizing pledged contributions at the correct time, nonprofits must also separate the revenue they receive into distinct categories.

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IRS to Issue Special Payments to 1 Million Taxpayers

CPA Practice

The Internal Revenue Service has announced plans to issue automatic payments later this month to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns.

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IRS boosts standard mileage rate for 2025

Accounting Today

The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.

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Unlocking Growth: How Accurate Financial Reporting Can Propel Your Business Forward

AccountingDepartment

In the dynamic world of medium-sized businesses, growth isn't just a goalit's a necessity for survival and success. Yet, achieving sustainable growth requires more than just ambition; it demands a strategic approach powered by accurate financial insights. This is where precise financial reporting becomes a game-changer, offering a roadmap to navigate the complexities of business expansion.

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Unified Workforce Analysis: The Secret to Better Planning

Acterys

Without a clear understanding of what your workforce is capable of today, planning for tomorrow becomes a guessing game. This is where workforce analysis becomes a game-changer transforming vague assumptions into informed decisions. Yet Gartner research reveals that only 8% of organizations have reliable data on the skills their workforce currently possesses and those that drive business success.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Case Study: Enhancing Financial Processes for Growth and Audit Readiness

Withum

The Client The client is a technology company that provides a streaming SQL database for real-time applications, live dashboards and streaming data pipelines. With a global presence and growing operations, the client faced various accounting challenges that required professional expertise to address. The Challenge The client faced several accounting challenges that needed to be addressed to ensure their financial records were accurate and compliant.

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DSB Rock Island Merges in MFK CPAs

CPA Practice

After welcoming the MFK team, DSB Rock Island will have 110 employees, 16 partners and an estimated $31 million in revenue. This strategic transaction is part of long-term planning for both MFK and DSB Rock Island, according to firm leadership.

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Santa Claus's tax return released

Accounting Today

H&R Block is making the jolly old elf and small-business owner's tax details public for the first time.

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What is Economic Nexus? Key Definitions and How it Affects Your Business

Anders CPA

Nexus is the connection between a business and a state that allows the state to impose tax on the business. Economic nexus has gained particular importance in the years following the South Dakota v. Wayfair decision , which created a precedent for states imposing sales tax on out-of-state businesses selling in their state. Additionally, online sales pose new challenges for businesses in determining where they have triggered nexus.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Power BI Financial Reporting: Making Data-Driven Decisions

Acterys

Financial reporting plays a crucial role in enabling organizations to make informed decisions. Yet for many businesses, this process is fraught with challenges such as disjointed systems, lack of real-time updates, and inefficient workflows. Microsoft Power BI addresses these challenges with its robust tools for data integration, modeling, and visualization, transforming financial data into valuable insights.

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Proactive measures to address the corporate tax talent crisis

ThomsonReuters

Blog home Is your tax team struggling to retain top talent? Is this affecting your departments’ ability to stay ahead of evolving tax requirements and keep pace with emerging technologies? If so, your organization is not alone. Our recent Corporate Tax Report survey revealed significant talent shortages within tax departments over the past year, expanding upon the rippling organizational effects.

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The Return to Work Controversy: What’s the Right Decision for Your Accounting Firm?

CPA Practice

If youve settled into a hybrid environment, you may hear some backlash, but you may also have some excited staff members who enjoy being in the office.

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IRS to send out $2.4B for unclaimed credits

Accounting Today

The agency will send out checks for up to $1,400 to taxpayers who didn't claim the Recovery Rebate Credit.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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A Christmas Carol for Finance Teams: Unwrapping the Challenges of 2025

Accounting Insight

As the festive season approaches and businesses wrap up another financial year, the gift of insight is top of the wish list for UK finance leaders. However, new research from award-winning cloud accounting software provider, iplicit, reveals that finance teams may need more than the Christmas spirit to tackle the top challenges of 2025. Among the key concerns for finance leaders are cybersecurity threats (38%), economic volatility and its impact on financial decision-making (36%), and understand

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Update Regarding Beneficial Ownership Information Reporting

Withum

On December 23, 2024, the Fifth Circuit Court of Appeals in Texas Top Cop Shop v. Garland issued an order granted the governments motion for a temporary stay of the district courts order imposing a nationwide injunction on beneficial ownership information (BOI) reporting, pending a final resolution of the appeal. This means that BOI reporting is required, and unless and until FinCEN comes out with additional guidance granting some sort of temporary reprieve or filing grace period, the filing dea

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How to comply with the new IRS digital asset regulations

ThomsonReuters

Jump to The impact (and opportunity) for tax professionals Discover the advantages of AI-powered solutions Tackle digital asset regulations with confidence As digital assets continue to gain momentum, the IRS is taking significant steps to ensure that these types of transactions including cryptocurrencies , NFTs, stablecoins, and tokenized securities are properly tracked and reported for tax purposes.

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2024 Ensuring Success Online CPE Conference Draws More Than 3,000 Attendees

CPA Practice

The event is free for professionals, thanks to the sponsorship of several leading accounting and tax technology providers. All sessions are NASBA certified for CPE credit, and some sessions are IRS certified for CE credit.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O'Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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The best and worst states for individual taxes in 2025

Accounting Today

From those with no individual income tax at all, to those with complex tax structures a guide to most and least competitive states when it comes to individual income taxes.

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Avoid Holiday Accounting Pitfalls with Outsourced Bookkeeping

Basis 365

The holiday season is a time for businesses to capitalize on increased consumer spending, yet despite the cheery holiday decoration, this period can be rife with accounting challenges for businesses. From managing cash flow to preparing for year-end reporting, the pressure on your accounting needs can quickly escalate during the holidays. Lets take a look into why businesses struggle with their accounting during the holidays, the common mistakes they make, and how outsourced bookkeeping and outs

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The Hidden Costs of In-House Accounting: Is Outsourcing the Answer?

AccountingDepartment

For many medium-sized businesses, the decision to maintain an in-house accounting team seems like a straightforward choice. After all, having an on-site dedicated team can seem beneficial for managing financial operations closely. However, beneath the surface lies a myriad of hidden costs that can significantly impact your bottom line. This blog post explores these hidden costs and examines whether outsourcing accounting functions might be a smarter, more efficient alternative.

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The Hardest Firm Owner Trait to Master

Ryan Lazanis

What trait sets successful firm owners apart? In this episode, I share the key quality for achieving your ideal work-life balance. The post The Hardest Firm Owner Trait to Master appeared first on Future Firm.

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Harness the Potential of Your Enterprise Knowledge

The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.

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2025 Tax Refund Dates – Where’s My Refund, And When Will I Get It?

CPA Practice

Depending on when taxpayers file their returns, they can often receive their federal tax refund payment (check or direct deposit) within 10-21 days.

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IRS noncommittal on future expansion of Direct File

Accounting Today

The IRS declined to commit to expanding its Direct File free tax preparation program nationwide in response to a report from the GAO amid GOP opposition.

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Commit Fraud and Get Away With It

FraudFiles

A little tongue-in-cheek take on committing fraud at work. No, I dont really want you to commit fraud against your employer. Im just trying to illustrate some of the red flags of fraud. If a fraud is worth committing, its worth committing right. A little extra effort in the commission of a fraud can go [.

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From peers to pioneers: Leveraging Practice Forward’s support network for success

ThomsonReuters

Jump to Understanding the shift to advisory An introduction to Practice Forward Leveraging the Practice Forward community and resources A proven roadmap to stand out in a competitive market Advisory services represent a growing area of opportunity for accounting firms, driven by changing client demands for proactive, value-added tax guidance. Transitioning to an advisory-focused business model offers numerous benefits, including increased revenue, stronger client relationships, and a more fulfi

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Solve Your Firms Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.