Mon.Jan 20, 2025

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Financial Statement Fraud Red Flags

FraudFiles

Tracy Coenen teaches a group about some of the most common red flags of financial statement fraud. More information on corporate fraud is available in Tracy's book, Essentials of Corporate Fraud.

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Employment Tax Reporting: 2025 Due Dates and Best Practices for Healthcare Entities

Withum

Employment taxes are always scrutinized by the IRS and state taxing authorities, particularly in the healthcare industry. Audit issues include reclassification of workers from independent contractor to employee; an individual receiving both a Form W-2 and Form 1099 in the same calendar year; incorrect employment tax forms preparation; the failure to issue Forms 1099; and general non-compliance with Form W-9 record-keeping.

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Ensuring Your Firm’s Future with Smart Technology Choices

CPA Practice

The pace of change in the accounting industry will never slow down, and technology will continue to be a primary driver of that change.

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Adapt or become history: how modern finance keeps legacy institutions alive

Accounting Insight

For centuries the worlds most iconic institutions and businesses have drawn strength from their rich legacies and commitment to tradition. From cultural landmarks to heritage-driven enterprises, their reputations have been crafted over generations. However, in todays fast-paced digital age, these long-standing organisations face mounting challenges as modern audiences and operational demands reshape expectations.

Finance 52
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Forecasting Failures Are Costly: Here's 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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

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Budgeting for Nonprofit Organizations: A Guide for 501(c)(6) Associations

Withum

Budgeting for nonprofit organizations involves unique considerations, especially for trade associations operating under section 501(c)(6) of the Internal Revenue Code. This nonprofit organization typically generates revenue from membership dues, events, sponsorships, subscriptions and program fees. Expenditures may include events, meetings, publications and other programs largely used to benefit members.

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CFPB Orders Equifax to Pay $15 Million Fine for Improper Investigations of Credit Errors

CPA Practice

The order requires Equifax to comply with federal law, and Equifax must pay a $15 million civil money penalty, which will be deposited into the CFPBs victims relief fund.

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Senate Finance Dems Seek Assurances From Treasury Secretary Nominee on Taxes Ahead of Vote

CPA Practice

Senate Finance ranking memberRon Wydenand other committeeDemocrats are pressingScott Bessent to submit to anIRSaudit and release his tax filings ahead of the panels vote on his nomination Tuesday.

Finance 111
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When Is It Time to Start Your Own Practice?

Insightful Accountant

The current landscape presents a prime opportunity for launching your own tax practice, with retiring baby boomer CPAs creating market gaps and technology reducing startup costs.

cpas 101
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NRF Says Holiday Season Was a Notable Success as ‘Consumers Came Out to Spend’

CPA Practice

Data from the U.S. Census Bureau shows that core retail sales during the 2024 holiday season grew an unexpectedly high 4% over 2023 to a record $994.1 billion, coming in ahead of the National Retail Federations forecast.

Retail 109
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Withum’s 2025 State of the Firm Echoes Power in Connection

Withum

Withum held its annual State of the Firm event on Tuesday, January 14, at the New Jersey Performing Arts Center (NJPAC), Newark, NJ. Nearly 1,500 team members gathered with another 1,000 online to hear the latest updates on the firm’s growth in advisory, tax and audit services and the vision for the future. Withum’s CEO and Managing Partner, Pat Walsh , led the afternoon program, welcoming various guests to the stage.

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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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Data Breach Exposes 61,000 Texans After State Employees Improperly Access Info

CPA Practice

The Texas Health and Human Services Commission announced Friday morning that a privacy breach at the agency has exposed the personal information of at least 61,000 Texans, opening them up to potential fraud.

Texas 85
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ProAdvisor Updates: Upcoming Level 2 Course and Recertification

Insightful Accountant

If you missed last week's QB Talks then you need to read this article covering an upcoming ProAdvisor Level 2 Virtual Conference and the start of Recertification, plus ProAdvisor Award reminder.

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‘Help U.S. Retire’ Advocacy Campaign Mobilizes 120 Million Americans to Protect Retirement Savings

CPA Practice

The promotions are designed to drive investors, policymakers, and industry professionals to the campaign website,HelpUSRetire.org, where they can find research about.

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Art of Accounting: Accountants Club's new president

Accounting Today

Natasha Kosnac, chief audit officer of Unite Here, recently succeeded Peter Frank as president of the Accountants Club of America and she has plans for expanding the longtime club.

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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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New Meeting Tech at CES 2025- The Accounting Technology Lab Podcast – Jan. 2025

CPA Practice

Randy Johnston and Brian Tankersley, CPA, explored CES 2025 in Las Vegas in January. In this second CES podcast, they highlight some of the most useful meeting technologies they saw at the conference.

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Microsoft 365 Copilot and Agents: What You Need to Know About Copilot Security and Governance 

Withum

On May 8, 1793, during the French Revolution, the French National Convention, in a collection of decrees, wrote: With great power comes great responsibility. Years later, in 2002, Stan Lee featured this quote in the first Spiderman movie, where Uncle Ben imparted these wise words to his young nephew, Peter Parker, just before Peter gained his superpowers.

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Groundhog Day 2025: Punxsutawney Phil or Staten Island Chuck — Who is the Better Forecaster?

CPA Practice

There are several famous groundhog prognosticators, but only two have records worth talking about. And, as the stats point out, both have made drastically different decisions over the years.

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Trump freezes IRS hiring, nixes global tax deal

Accounting Today

President Trump signed a series of executive orders after his inauguration, including a hiring freeze for federal government workers, particularly at the IRS.

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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?