Thu.Jan 16, 2025

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The benefits of early e-filing for accountants

ThomsonReuters

Blog home A proactive approach to filing taxes not only streamlines the workflow but also offers benefits that can greatly improve both the accountant’s and client’s experience. By embracing early e-filing, accountants can avoid the stress and potential errors associated with last-minute submissions, ensure better data security, and ultimately provide more time for valuable advisory services that help clients achieve their financial goals.

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Employment outlook for 2025

TaxConnex

Finding qualified tax professionals is tough across all industries for a number of reasons. Whats working for and against your company as you work to find the folks to help with your sales tax compliance? First, realize that youre not alone. Even though overall employment is expected to hover around its current 4.2% for most of this year, unemployment among accountants has historically been less than half of that.

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Swap and Avalara Partner to Simplify Cross-Border Retail Sales

CPA Practice

The integrated offering from Swap and Avalara reduces cross-border complexity and compliance risk and ensures duties, taxes, and fees are paid at checkpoints to improve cart conversion in more marketplaces.

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GOP lawmakers reintroduce bill to repeal CTA

Accounting Today

Sen. Tommy Tuberville and Rep. Warren Davidson reintroduced legislation to repeal the Corporate Transparency Act and its beneficial ownership information reporting.

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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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The Key to SMB Success: Leveraging CFO Support Services

AccountingDepartment

In today's ever-changing business environment, having a solid financial strategy is crucial for achieving success. But what if your small or medium-sized business (SMB) can't afford to hire a full-time financial executive? That's where CFO support services come ina revolutionary solution for SMBs and startups. This blog explores what a CFO support service provider is, the significant value they offer, and why your business might benefit from their expertise.

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How CFOs Can Foster a Culture Of Transparency in Financial Reporting

GrowthForceBlog

8 min read January 16th, 2024 As CFO, you hold a wealth of financial information, and it's up to you (and the executive team) to determine how much of your business's financial information you want to share with the rest of the company, and it's best not to hold all of your cards too close. Key Takeaways What Is Financial Transparency: The practice of being more open about a business's finances.

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High Number of Shoppers Committed First-Party Fraud Over the 2024 Holiday Shopping Season

CPA Practice

First-partyfraud, sometimes referred to as friendlyfraud, occurs when consumers exploit return and refund policies for financial gain.

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Tax Fraud Blotter: Blessed is the weed

Accounting Today

Not so Fussy; that's a wrap; at sea, in the air and on the road; and other highlights of recent tax cases.

Tax 59
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Why Project Management Is Non-Negotiable: 10 Key Reasons to Avoid Chaos and Ensure Success

Withum

Imagine your organization is engaged in multiple projects each with its own objectives, deadlines and stakeholders. Now, picture this firm without any form of project management. Why project management, you ask? Projects begin with excitement but soon, confusion reigns. Deadlines are missed, budgets spiral out of control and your stakeholders are frustrated.

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PCAOB puts focus on journal entries

Accounting Today

The Public Company Accounting Oversight Board released a staff publication highlighting problems it's seeing with audits of journal entries.

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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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CSRD and California Assurance Requirements: Paving the Way for ESG Reporting in the U.S. 

Withum

In recent years, Environmental, Social, and Governance (ESG) reporting has gained significant traction globally, but the landscape in the U.S. is not as robust as many other places in the world (we have a lot of catching up to do). However, two pieces of legislation, the European Union’s Corporate Sustainability Reporting Directive (CSRD) and California’s Climate Corporate Data Accountability Act (SB 253), are emerging as game-changers in the ESG landscape in the United States.

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GBQ acquires Wirth Lowe Wissemeier

Accounting Today

GBQ Partners LLC, a Top 100 Firm based in Columbus, Ohio, has expanded its presence in Cincinnati by acquiring Wirth Lowe Wissemeier CPAs Inc., effective Dec. 16, 2024.

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New Combined User Interface Email Causing Confusion with Accounting Pros as Tax Season Begins

SchoolofBookkeeping

Exploring the Future of QuickBooks Online: A Sneak Peek at the New User Interface Test In the ever-evolving world of business solutions, Intuit is taking a bold step forward by integrating the powerful capabilities of QuickBooks Online and Mailchimp. This integration aims to enhance productivity and profitability for businesses by delivering a seamless platform experience.

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How to avoid Self Assessment penalties

Accounting Insight

Do you feel ready to do your Self Assessment tax return with a smile this year? If youre worried about missing a deadline, youre not alone! In this guide, we cover the penalties for filing or paying your Self Assessment late , plus easy tips to avoid them. From April 2024, taxpayers voluntarily joining MTD for ITSA has a new set of penalties for missing deadlines.

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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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Grassi Joins Global Accounting Alliance That Sounds Like Something Out of Step Brothers

Going Concern

Announced today , New York-based Grassi (IPA Top 100 #56 with $132.6 million in revenue) has joined the accounting and advisory association PrimeGlobal. They join other 2024 Accounting Today Top 100 firms like Carr, Riggs & Ingram (24), Sikich (27), Katz, Sapper & Miller (49), Berkowitz Pollack Brant Advisors + CPAs (51), Schneider Downs (61), Pinion (67), SingerLewak (69), Lutz (78), HoganTaylor (81), Krost (82), Haynie & Co. (85) and AAFCPAs (93).

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First Look Fridays are for App Developers

Insightful Accountant

Easier than ever to get a FREE 'Edit' feature.Insightful Accountant has automated the collection of our App Aware and Advisor Alliance articles that feature content on Apps, Software and Partner Programs.

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Case Study: Building Trust in Fintech – How SOC 2 Compliance Transformed a SaaS Platform Provider

Withum

Download a PDF of this case study. Executive Summary A Software-as-a-Service (SaaS) provider, sought to enhance its data security and compliance posture to provide a competitive advantage for prospects, and to meet their clients demands and their own regulatory requirements. By implementing SOC 2 reporting, the company aimed to demonstrate its commitment to security, availability, and confidentiality to both existing and prospective stakeholders.

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Have You Told Us: How Much a ProAdvisor is Worth?

Insightful Accountant

We are asking for your participation in this (non-scientific) survey of billing rates and methods. We will compile this information into a free report upon completion of the survey.

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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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Massachusetts CPAs eye recruitment and retention concerns

Accounting Today

The Massachusetts Society of CPAs released a report on key trends and concerns in the accounting profession based on a recent survey.

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IRS Reminder: Wage Statements and Certain Information Returns Due by Jan. 31

Insightful Accountant

As tax filing season nears, the Internal Revenue Service reminds businesses to submit wage statements and certain information returns to the federal government by Jan. 31.

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IIA Global Internal Audit Standards take effect

Accounting Today

The Institute of Internal Auditors announced that its Global Internal Audit Standards officially became effective on Jan. 9.

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Murph's 2025 Cybersecurity Software Survey Part 2

Insightful Accountant

This is Part 2 of Murph's survey of various Cybersecurity software and hardware, ranking them into a composite five point score. Part 1 looked at his Top Anti-virus applications. This Part looks at so much more.

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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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Guiding clients through the tax implications of a divorce

Accounting Today

The emotionally and financially taxing process of a separation demands careful planning, multifaceted form-filing to the IRS and, probably, an advisor for each spouse.

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Clarus Partners Advisors Launches AkuCalc, Simplifying Sales Tax Calculations for Businesses

CPA Practice

AkuCalc is part of AkuSuite, a suite of tax software solutions created and serviced by indirect tax professionals. AkuSuite also includes AkuCert for exemption certificate management and AkuLicense for business license compliance.

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Disaster Tax Relief for Southern California Wildfire and Wind Disaster Victims

LSLCPAs

The IRS has announced disaster tax relief for individuals and businesses in Southern California impacted by wildfires and straight-line winds beginning January 7, 2025. Taxpayers that have been impacted now have until October 15, 2025, to file various federal tax returns and make payments. Who Qualifies for Disaster Tax Relief? This relief applies to areas.

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Bipartisan Policy Center Offers Legislative Options for Small Business Growth

CPA Practice

A newreportfrom Goldman Sachs10,000 Small Businesses Voicesand the Bipartisan Policy Center offers an actionable playbook to help grow the U.S. economy by tackling the most pressing challenges faced by our nations small businesses.

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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.

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Multi-Factor Authentication Now Available in Canopy Mobile Apps

Canopy Accounting

Canopy added an extra and important layer of iOS and Android mobile security to protect you and your on-the-go clients data. Its called multi-factor authentication (also known as MFA). Its a secret decoder ring of sorts and unlocks the door that guards the treasure.

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2025 Intuit QuickBooks Small Business Annual Report Offers Many Advisory Opportunities for Accountants

CPA Practice

This years report provides valuable insights for businesses and offers guidance to help you set your clients up for success.

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IRS offers guidance on family and medical leave programs

Accounting Today

The IRS released guidance on the income and employment tax treatment of contributions and benefits offered under state paid family and medical leave programs.

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Tech CFOs Focused on Culture, According to Grant Thornton Survey

CPA Practice

The survey showed that organizational culture has surged as the top human capital priority, with 58% of tech finance leaders now placing it at the forefront up from45% in last years survey.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!