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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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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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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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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More Trending

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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.

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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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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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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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AP Automation: The Competitive Advantage Your Business Needs

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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

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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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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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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.