Mon.Jan 20, 2025

article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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 59
article thumbnail

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.

article thumbnail

Building a Business Case for Finance Automation

Speaker: Danny Gassaway and Wayne Richards

Finance leaders are prioritizing efficiency and digital transformation, yet many hesitate to automate due to uncertainty. Without a clear understanding of its impact, organizations risk falling behind competitors who are leveraging automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

article thumbnail

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.

52
article thumbnail

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 52

More Trending

article thumbnail

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 52
article thumbnail

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
article thumbnail

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.

Account 52
article thumbnail

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.

article thumbnail

Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

article thumbnail

A Definitive Beginning and End Period of Time for Your Engagements

Canopy Accounting

In this installment on making our client agreements stronger, we want to discuss why we begin and end our agreements on specific dates. Many firm owners dont even worry about starting a contract with a client on a certain date, and many forget about an end date. Contracts that never end are called evergreen contracts and they are not good for business.

52
article thumbnail

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.

article thumbnail

‘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.

payroll 40
article thumbnail

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.

Tax 69
article thumbnail

Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

article thumbnail

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.

payroll 40
article thumbnail

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.

article thumbnail

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 40
article thumbnail

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.

article thumbnail

Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.