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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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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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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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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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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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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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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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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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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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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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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IRS to Pilot Changes to Alternative Dispute Resolution Programs

CPA Practice

The initiative focuses on changes to the existing Fast-Track Settlement (FTS) and Post-Appeals Mediation programs, and introduces a third pilot, Last Chance FTS.

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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 111
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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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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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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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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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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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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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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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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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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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PCAOB fines firm $65K for audit deficiencies

Accounting Today

The Public Company Accounting Oversight Board revoked SS Accounting and Auditing's registration and barred its owner and sole partner for violating rules and quality control standards.

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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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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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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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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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By the numbers: Growth in CAS, IRS Criminal Investigation

Accounting Today

The latest data on revenue growth for CAS practices, statistics from IRS Criminal Investigation for the full year of 2024, and other major metrics.

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SEC Sues Elon Musk Over Stock Ownership Disclosures

CPA Practice

The regulator has been probing Musks investment in Twitter since 2022, pressing him to him to explain why he hadnt disclosed his stake in Twitter within the correct timeline.

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How To Break Digital Transformation Barriers And 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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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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AICPA Updates Its Digital Assets Practice Aid

CPA Practice

The practice aid offers a new definition for digital assets, new and amended accounting questions, and the introduction of new terms.

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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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Withum Leads in IPO Audit Clients for Q3 of 2024

CPA Practice

After tying PwC for the lead in the second quarter of 2024, top 25 accounting firm Withum was alone at the top of the initial public offering auditor market share standings in Q3 with 11 audit clients that went public, according to Audit Analytics.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.