Tue.Jan 28, 2025

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Tax season kicks off with non-tax issues center stage

Accounting Today

With relatively fewer tax changes to worry about, BOI and tariffs are top of mind for some experts.

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R&D Tax Credit Misconceptions Could Cost Your Startup Six Figures

BurklandAssociates

Think your startup doesnt qualify for R&D tax credits? Think again. You could unlock $500,000 or more in annual savings. The post R&D Tax Credit Misconceptions Could Cost Your Startup Six Figures appeared first on Burkland.

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Financial Modeling: A Comprehensive Step-by-Step Guide

Acterys

Financial modeling is an essential tool in corporate finance and business decision-making. By creating structured representations of a companys financial data, financial modeling enables stakeholders to forecast future cash flows, evaluate investment opportunities, and strategize for revenue growth. In this guide, we’ll explore what financial modeling is, the types of financial models, the benefits they provide, and how to create effective financial models.

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Turning accountants into producers of technology capabilities

Accounting Today

How do you redesign traditional finance roles as digital finance roles?

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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.

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TIGTA Alerts Taxpayers of New Tax Season Text Message Scam

CPA Practice

Scammers impersonating the IRS are texting taxpayers leading them to believe they're going to receive an economic impact payment, also known as a recovery rebate credit, but it's a scheme to steal their personal data, TIGTA said on Jan. 28.

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TaxDome reports data breach, says no sensitive data exposed

Accounting Today

Tax solutions provider TaxDome said it experienced a data breach last week, though said no sensitive personal information was revealed.

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More Trending

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M&A roundup: Avantax and Marsico Financial expand

Accounting Today

Avantax acquired Sweeney Kovar, and Marsico Financial Group bought Care Accounting.

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Intuit Rolls Out Limited Access to New QuickBooks Platform

Insightful Accountant

New platform creates a combined QuickBooks and Mailchimp platform experience to help businesses accelerate productivity and profitability.

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Employee Engagement is at its Lowest in a Decade, Report Finds

CPA Practice

Employee engagement in the U.S. fell to its lowest level since 2014, with only 31% of employees reporting being engaged at work in 2024, Gallup says. And the percentage of actively disengaged employees, at 17%, also reflects 2014 levels.

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2025 ProAdvisor Award Application Back Working - Finish Your Application by February 11.

Insightful Accountant

The 2025 ProAdvisor Award Application Form is back to working, so get your application completed by February 11, 2025.

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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.

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Financial guide for NFP organisations under 750k

Accounting for Good

NFP organisations with a turnover under 750K will find high-level accounting services cost-prohibitive.

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Accelerate & Streamline Engagement Creation with Templates

Canopy Accounting

Practitioners with permission can create engagement templates and then use them to quickly and repeatedly create new engagements for any clients. Like any engagement, a template contains services, pricing, acceptance tasks, terms, and more.

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In the blogs: Keeping It Straight

Accounting Today

The limits of DOGE; big pharma and the TCJA; soda tax misaimed; and other highlights from our favorite tax bloggers.

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UHY Announces Strategic Partnership with Prophix to Enhance Office of the CFO Services

CPA Practice

As an official partner within the Prophix network, UHY can offer clients advisory and implementation services that leverage Prophix One, a financial performance platform for finance and accounting professionals.

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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.

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Ignition appoints new CEO, CFO

Accounting Today

Ignition, a practice management solutions company, appointed Greg Strickland as CEO and Amy Foo as CEO, with former CEO and co-founder Guy Pearson taking the role of executive chairman.

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PCAOB Fines Texas Firm $65,000 for Auditing Failures

CPA Practice

Plano, TX-based accounting firm SS Accounting and Auditing Inc.and partner Saima Sayani were disciplined for committing several failures on the audits of China Green Agriculture Inc. and for violating PCAOB quality control standards.

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PCAOB launches resource page for smaller firms

Accounting Today

The Public Company Accounting Oversight Board launched an online resource page with content tailored for smaller firms.

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Acumatica Summit 2025 Day 2

Insightful Accountant

Live from Las Vegas its Day Two of the Acumatica Summit and they introduce Acumatica Labs, AI Studio and Industry-Specific Functionality.

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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.

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Financial execs navigate uncertainty in 2025

Accounting Today

Financial executives are eyeing economic uncertainty and market volatility as they look ahead this year, according to a new report.

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PCAOB Debuts New Resource Page for Smaller Audit Firms

CPA Practice

The new online resource page,Information for Smaller Firms, features PCAOB content tailored for smaller audit firms, including publications, videos, and other resources.

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Good Riddance – SAB 121 Is No Longer

Withum

In this episode of Cryptonomix, Mark Eckerle reviews the SEC's decision to rescind SAB 121, its main components, and its impact on financial institutions.

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Preventing Fraud in a Law Practice

FraudFiles

One of the last places youd expect to find fraud is in a law practice. Like accounting, the practice of law is a profession in which ethics are of utmost importance. Accountants and lawyers are often too trusting of their fellow professionals, and therefore leave themselves open to the risks of fraud. The issue of [.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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Beyond the hype: Real-world applications of GenAI in auditing

ThomsonReuters

Blog home The buzz around generative AI (GenAI) is hard to ignore. But with headlines declaring it has the potential to revolutionize industries, what does the use of GenAI mean for the audit profession ? Amidst the noise, lets separate the hype from reality and explore how GenAI can genuinely enhance an auditors daily life and work. Jump to What is GenAI and what is its potential impact for audit professionals?

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Rightworks Added to Wolters Kluwer’s CCH Marketplace

CPA Practice

The collaboration enables accounting firms to safely access all their Wolters Kluwer apps remotely and securely in Rightworks OneSpace.

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Bessent wins Senate confirmation to be Treasury Secretary

Accounting Today

The incoming Treasury chief will have to reconcile his deficit-reduction plans with the Trump administration's much-anticipated tax cuts.

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Sales tax and real property improvement services (part 2)

TaxConnex

In our first blog, we looked at how complicated sales tax can be for construction professionals, including how the form of the contract and location of the work can make even the simplest job complex for compliance. In short, what works for sales tax in one state in this industry often doesnt work in another. Here are a few more key points from our recent webinar on construction and sales tax.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Trump directs broad 'pause' in federal spending on loans, grants

Accounting Today

The administration fired an opening shot in an upcoming constitutional fight over his ability to unilaterally halt spending approved by Congress.

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Accurate Numbers Help Strengthen Businesses

Basis 365

Have you ever tried to analyze data only to realize it was inaccurate and your efforts were a complete waste of time? Building a strong business starts with a solid accounting foundation. Just like a sturdy building needs a well-constructed base to withstand external forces, a thriving business requires an accurate and reliable accounting foundation to support growth and stability.

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Preparing for your audit engagement: Are you ready?

ThomsonReuters

Blog home Auditors know theres never been a more challenging time to monitor and meet evolving regulatory and professional standards changes. How their jobs are performed now requires more than accounting and audit knowledge and skills. In fact, the accounting and audit professions have gradually been drawn into the world of automation and automated technology.

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Let’s Give KPMG a Golf Clap For Finally Figuring Out How to Audit Their Way Out of a Paper Bag

Going Concern

On January 23 Bloomberg Tax published a surprising headline: “ KPMG Slated to Post Best Audit Inspection Report in 15 Years.” Surprising because we’ve been recycling the “KPMG Still Rocks at Having the Worst PCAOB Inspection Report Among the Big 4” headline for YEARS. Here’s what BT had to say about the news: KPMG LLP may have finally cracked the code on delivering better audits to investors: Giving its staff more time to do their work and ensure they increasi

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.