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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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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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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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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The Silent Crisis: Why Finance Lags in Digital Transformation and How to 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?

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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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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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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.

Account 93
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Murph's App Compare: Backup Apps for QuickBooks Online

Insightful Accountant

You asked for it, it was the 3rd most popular request from ProAdvisors. compare backup apps for QuickBooks Online. good thing too, while there is only one listed in the QBO App store, there really are six, plus a brand new one for MSPs.

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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.

Account 64
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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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New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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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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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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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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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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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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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.

Tax 52
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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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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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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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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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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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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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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 [.

Account 52
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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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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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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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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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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CFPB rescinds 2020 advisory opinion on earned wage access products

ThomsonReuters

Blog home The Consumer Financial Protection Bureau (CFPB) issued a new advisory opinion rescinding its November 2020 guidance on earned wage access (EWA) products. This previous guidance had exempted certain EWA products from being classified as “credit” under the Truth in Lending Act (TILA) and Regulation Z. Jump to EWA products and 2020 advisory opinion Rescinding the opinion and industry response New rule proposal continues debate More comments express concerns EWA products and

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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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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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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.