Mon.Feb 03, 2025

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The New World of Accounting: How Outsourcing Can Help Firms Scale and Grow Advisory Services

Insightful Accountant

Perhaps more than any other industry, accounting constantly evolves due to changes in every far-reaching area it touchesfrom new compliance rules to upgraded fintech feats fall squarely on the shoulders of accounting professionals.

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Taxes to Go Up for Gig Workers: Survey Shows Many Are Unprepared for Lower 1099-K Reporting Threshold

CPA Practice

More than 20% of respondents plan to pay a tax professional for the first time as a result of 1099-K reporting changes and complexity

Tax 114
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Illinois lawmakers propose alternative paths to CPA license

Accounting Today

State representatives introduced legislation supported by the Illinois CPA Society to create two more pathways to CPA licensure to ease the pipeline.

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The Biggest Tax Credit Many People Miss: The EITC

CPA Practice

One in five eligible taxpayers dont claim this credit worth up to $7,830.

Tax 105
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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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A primer for outsourcing

Accounting Today

New models and best practices are being created for establishing and managing a remote team.

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How Does Saying NO to Customers Help Business?

CPA Practice

As consumers, when were on the receiving end of a no, it makes us not want to return. I am not suggesting being rude or asking for something clearly out of the ordinary, just using good common sense.

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More Trending

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AI & Outsourcing: A Winning Combination for Productivity

CPA Practice

Implementing AI along with outsourcing can amplify the productivity benefits and other positives that each strategy offers individually.

Account 72
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Signals of the future: What sci-fi movies can teach us about predicting the direction of technology in small business

Xero

I remember watching Back to the Future as a kid and looking forward to the future it predicted. Flying cars! Hoverboards! But here we are, 10 years after the movies timeline, and I still need roads wherever Im going. It turns out that predicting the future is hard. Really hard. Particularly when trying to do so on an accurate timeline. But that doesnt mean we cant spot signals and patterns emerging today that hint at whats to come.

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When Should You Challenge a Medical Bill?

CPA Practice

There are a lot of reasons for mistakes in medical billings, which can cause you to incur a bigger-than-expected bill or your insurance to be denied.

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Tax Planning Strategies for Car Dealerships: Cost Segregation

Withum

Owning a car dealership can present a golden opportunity to reduce your tax liabilities. One such opportunity is cost segregation , allowing dealerships to speed up depreciation deductions, which can lead to significant tax savings early on. In this article, we’ll break down cost segregation, explain how it works, and show why it’s crucial for improving your cash flow and overall financial bottom line.

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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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Baker Tilly to Acquire Top 200 Firm Hancock Askew

CPA Practice

The acquisition of Savannah, GA-based Hancock Askew strengthens Baker Tilly's presence in the Southeast, enhancing its ability to provide clients with expanded resources, innovative solutions, and a seamless service experience, the top 10 firm said Feb. 3.

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Former IRS Criminal Investigation Senior Special Agent, Jonathan Schnatz, CPA, CFF, Joins Withum

Withum

Withum is excited to announce that Jonathan Schnatz , CPA, CFF, most recently a Senior Special Agent of the Internal Revenue Service (IRS) Criminal Investigation (CI) Division, has joined the firm as a Principal of Withums Forensics, Investigations, and White-Collar Criminal Defense Team. During his 25 years as a federal agent, Jonathan received multiple awards from the U.S.

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BPM starts global network

Accounting Today

The Top 50 Firm has created an international network of independent firms that it's calling BPM Global Ltd., beginning with Enspira Financial in Australia.

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Brigham Young University Wins 23rd Annual Deloitte FanTAXtic National Case Study Competition

CPA Practice

Students from Brigham Young University won Deloittes 2025 FanTAXtic national case study competition.

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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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Baker Tilly to buy Hancock Askew

Accounting Today

Baker Tilly, a Top 10 Firm based in Chicago, plans to acquire Hancock Askew & Co. LLP, a Regional Leader based in Savannah, Georgia, expanding Baker Tilly's presence in Georgia and Florida.

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Intuit Releases QuickBooks SMB Index for 2024Q4

Insightful Accountant

Intuit has released its latest QuickBooks Quarterly Small Business Index for the 4th Quarter of 2024.

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Diving into tax season

Accounting Today

Neil Fishman of NCCPAP shares what they're paying attention to on the way to April 15 and what they're keeping an eye on for the rest of the year, too.

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2025 ProAdvisor Awards Application Process Extended 4 Days

Insightful Accountant

Due to recent 'glitches' with the Application forms, the closing date for all 2025 ProAdvisor Award Applications is now February 15, 2025.

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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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Russell Goldberg Honored on 2025 South Florida Business Journal Power Leaders List

Withum

Withum is proud to share that the South Florida Business Journal has honored Russell Goldberg, Partner in Charge of Withums Boca Raton Office , as a 2025 Power Leader in the Professional Services category. The 2025 Power Leaders list celebrates 250 leading executives across the tri-county regions major sectors who have helped grow the regions diverse business market and advance the local economy.

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How to Maintain Your Firm Culture During Growth

Insightful Accountant

The accounting industry continues to face a competitive hiring market and a perception of less than desirable culture when it comes to work life balance. So how are firms going to fair in the future with constant increased competition for staff?

Account 52
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5 Ways to Prepare Future Accountants for a Tech-Driven Profession

CPA Practice

Through my experience speaking with accounting students and reflecting on my own journey, Ive identified five key areas where we can bridge the gap between education and practice.

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Art of Accounting: Updated free checklists

Accounting Today

There are 190 tax season, practice management and personal tips checklists on 328 pages in a usable searchable Word format.

Account 52
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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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Only 1 in 4 People Feel Confident About Filing Their Taxes, Survey Finds

CPA Practice

From a fear of being audited by the IRS to a lack of familiarity with U.S. tax laws, people across the country have expressed a diverse range of emotions as the April 15 federal income tax deadline looms closer, according to findings from a new Adobe survey.

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Red Flags of Occupational Fraud

FraudFiles

When attempting to prevent corporate fraud, management must be aware of the warning signs and be willing to identify operational risk factors and implement effective solutions to the problems. Operational red flags are among the most important red flags of fraud to be aware of. These are ways that the companys operations may make it [.

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Accountants Guide to Integrating a CRM

Canopy Accounting

Client relationship management (CRM) software helps companies across different industries manage their client connections and communication, enabling businesses to provide the best user experience.

Account 52
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Survey Shows Business Travel Bookings Remain Poorly Managed

CPA Practice

A new business survey shows rising travel spend and broader card distribution within the mid-market, despite continued ineffectiveness of the tools being used to manage travel and expenses.

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The Future Of Finance: How To Manage Spend The Right Way

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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The changing crypto landscape brings new challenges to accounting

Accounting Today

President Donald Trump's return is seen as a positive by experts across the cryptocurrency industry. Accountants' predictions for regulations are less rosy.

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Tax Identity Theft Victims’ Wait Times Are Slowly Getting Shorter, Taxpayer Advocate Says

CPA Practice

The IRS is slowly cutting the time it takes to assist taxpayers who have been victims of tax-related identity theft, National Taxpayer Advocate Erin Collins said last week.

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Trump delays Mexico tariffs by a month after Sheinbaum talk

Accounting Today

Mexican president Claudia Sheinbaum agreed to send 10,000 National Guard officers to the border to help stem the flow of fentanyl and migration into the U.S.

Tax 52
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Know Your Numbers for Success: Critical KPIs to Track When Working with an Outsourced Accounting Team

CPA Practice

You should be aware of, and monitor specific Key Performance Indicators (KPIs) to ensure seamless integration and effectiveness of your outsourcing team.

Account 45
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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.