Wed.Feb 05, 2025

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5 Steps to Protect Your Business from Unexpected Accounting Disruptions

AccountingDepartment

Managing finances effectively is the backbone of any successful business. Even minor accounting disruptions can snowball into significant financial issues for small to medium-sized business (SMB) owners and entrepreneurs.

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Undergraduate Accounting Enrollment Rose 12% in Fall 2024

CPA Practice

New data from theNational Student Clearinghouse Research Centershows a12% increase in fall 2024 accounting enrollment compared to fall 2023. The increase amounted to an additional 28,672 students.

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AICPA to update independence rules as PE pours in

Accounting Today

The American Institute of CPAs is planning to revise its independence rules amid the wave of private equity investments in accounting firms.

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IRS Reform Bill Promises Major Changes

Insightful Accountant

Senate Finance Committee leaders have introduced the Taxpayer Assistance and Service Act, a bipartisan bill that could significantly impact how tax practitioners interact with the IRS and serve their clients.

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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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Undergraduate accounting enrollment rose 12%

Accounting Today

Total undergraduate accounting enrollment for fall 2024 was 257,278 students, the highest reported since fall 2020 and just shy of the pre-pandemic fall 2019 enrollment.

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Financial Organizations Optimistic About Growth But Are Stunted By Poor Software Investments

CPA Practice

The insights from this survey will help financial organizations avoid the same fate as the alarming 70% of financial organizations that say they regret a recent software purchase in the past 18 months.

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AICPA Ponders Updating Independence Rules After Swell of Private Equity Activity in Accounting

CPA Practice

A task force of the AICPA's Professional Ethics Executive Committee is seeking public comments on its preliminary conclusions about revising independence rules related to alternative practice structures, which public accounting firms typically form after receiving private equity backing.

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Finale Inventory Adds Transaction 'Attachments'

Insightful Accountant

Responding to their inventory users, Finale has added attachments for their 'Gold' (and above) level subscribers.

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The Institute of Internal Auditors Releases the Cybersecurity Topical Requirement

CPA Practice

The Cybersecurity Topical Requirement provides a baseline approach for internal audit functions when they assess cybersecurity as an audit topic or if cybersecurity is identified as a risk within other audits.

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Black Entrepreneurs Leverage Tech more than Non-Black Entrepreneurs

Insightful Accountant

Recent Intuit QuickBooks survey shows Black Entrepreneurs are leveraging technology more than their non-Black Entrepreneur counterparts.

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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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So, You Received a 1099-K. Now What?

CPA Practice

The IRS initially planned to lower the reporting threshold to $600, but implementation has been delayed.

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Why is PE Interested in Buying Your Firm?

Ryan Lazanis

Private equity is targeting the accounting industry. In this episode, I dive into the reasons why and what it means for your firm. The post Why is PE Interested in Buying Your Firm? appeared first on Future Firm.

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CFOs Show Signs of Optimism in Latest Grant Thornton Survey

CPA Practice

Respondents reported 13-quarter highs in their confidence in meeting growth projections (65%), increased demand (64%), cost control goals (62%) and labor needs (60%).

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Carson Group launches tax program led by veteran planner

Accounting Today

Debra Taylor is spearheading a new program entailing education for financial advisors, guides for clients and technology integrations.

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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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FinQuery Sets Up Free CPE Hub for Accountants

CPA Practice

The accounting automation solutions provider launched its CPE Hub, a new resource center where accounting and finance professionals can earn CPE credits for free.

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Remember This When You Decide to Turn Your Hobby Into a Businesss

IgniteSpot

The day you start making money from your hobby is the day you should start tracking every penny.

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Armanino Adds Tech Consulting Firm Complete Business Solutions

CPA Practice

The deal bolsters the top 20 accounting firm's ability to meet growing client demand for advanced ERP tools and AI-driven solutions while expanding its presence in Florida.

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Ascend adds MHP

Accounting Today

The private equity-backed accounting firm added McGee, Hearn & Paiz in Cheyenne, Wyoming, to expand its Western geographic footprint.

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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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Schneider Downs Achieves C3PAO Authorization to Conduct CMMC Certifications

CPA Practice

The firm is one of only 54 CMMC C3PAOs nationwide to be authorized to conduct CMMC certification assessments for the Department of Defense's (DoD) program.

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IIA sets cybersecurity requirement

Accounting Today

The Institute of Internal Auditors released the first in a series of topical requirements planned for this year, starting with cybersecurity.

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Bulk Invoice Printing Streamlines Time & Billing & Helps You Work Efficiently

Canopy Accounting

Save time with Canopy's new Bulk Invoice Printing feature for Time & Billing users. Print multiple client invoices at once.

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Private sector added 183K jobs in January

Accounting Today

Annual pay rose 4.7% year over year for people who stayed in their jobs, according to ADP.

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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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Brown Plus Recognized for Firm’s Remote and Hybrid Structure

CPA Practice

The Best Remote and Hybrid Workplaces in America award showcases the outstanding achievements and best practices of employers with the highest rated remote and hybrid work programs across the country.

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Armanino buys Florida-based ERP specialist Complete Business Solutions

Accounting Today

Armanino announced the acquisition of Florida-based ERP implementation and support specialist Complete Business Solutions.

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Tax Free Bulldogs

Withum

On February 3, 2025, the Georgia Senate introduced a bill that would exempt Name, Image, and Likeness (NIL) compensation received by college athletes from state income tax. The bill, sponsored by Senators Brandon Beach, Greg Dolezal, Ben Watson, Carden Summers, and Frank Ginn, aims to relieve college-athletes in the state of Georgia from the 5.39% state income tax on their NIL compensation.

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Touchdowns and penalties: How partners score wins

Accounting Today

Just like your favorite NFL or college football team, your firm has opponents, and you need to manage all aspects of a successful firm to stay competitive.

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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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Accountants Are Unlikely to Get Some on the Side, Says This Divorce Attorney

Going Concern

According to Kate Simonds, a divorce lawyer in Arizona, accountants are a safe bet if you’re looking for a mate who won’t cheat. @simondslaw original sound – AZ Divorce Attorney “If you’re in a relationship with one of these type of men, you’re safe,” she said in a TikTok video filled with comments about why she’s wrong on two of the three professions in her list (hint: it’s not accountants).

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Tax Strategy: The IRS and the new administration

Accounting Today

The last Trump administration placed limits on new federal regulations, and it seems reasonable to expect more of the same.

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The End of the Massachusetts Angel Investor Tax Credit

Withum

In a significant policy shift, the Massachusetts Life Sciences Center (MLSC) announced the end of its Angel Investor Tax Credit program, which had been repealed by Chapter 238 of the Acts of 2024 on November 20, 2024, effective for the tax year beginning on or after January 1, 2024. The Angel Investor Tax Credit program ran from 2020 through 2023 tax years to incentivize investors looking to fund early-stage companies in Massachusetts.

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3 minutes with Ami Copeland

Accounting Insight

Introducing Ami Copeland, CEO of ICB. Learn more about Ami, from how she got into the industry to her advice to bookkeepers on how to have a successful year… How did you get into the profession? I became CEO of ICB after many years championing bookkeepers as our Director of Communications. My career has its roots in branding and storytelling before ICB I worked in film and online broadcasting for brands like the BBC, Channel 4.com, and LiveNation.

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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