Wed.Feb 05, 2025

article thumbnail

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.

Account 88
article thumbnail

Real Estate Accounting Best Practices: Ensuring Tax Readiness and Financial Success

Withum

Appropriate accounting practices are crucial for real estate entities not only to manage daily operations, but also to ensure tax readiness and compliance. The foundation of effective real estate accounting lies in properly setting up accounting records which can significantly influence tax filings and optimize the financial management of your entities. 3 Best Practices for Real Estate Accounting Heres an in-depth look at best practices for setting up accounting records for real estate entities

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Account 122
article thumbnail

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.

cpas 101
article thumbnail

The Silent Crisis: Why Finance Lags in Digital Transformation and How to 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?

article thumbnail

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.

Account 120
article thumbnail

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.

Account 96

More Trending

article thumbnail

Ascend adds MHP

Accounting Today

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

Wyoming 64
article thumbnail

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.

Tax 110
article thumbnail

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.

auditor 64
article thumbnail

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.

Florida 94
article thumbnail

New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

article thumbnail

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.

Finance 59
article thumbnail

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.

Account 85
article thumbnail

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.

article thumbnail

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%).

Tax 80
article thumbnail

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.

article thumbnail

Finale Inventory Adds Transaction 'Attachments'

Insightful Accountant

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

52
article thumbnail

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.

Account 77
article thumbnail

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.

Account 52
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

52
article thumbnail

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.

payroll 52
article thumbnail

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.

article thumbnail

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.

51
article thumbnail

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.

Florida 52
article thumbnail

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).

Arizona 89
article thumbnail

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.

52
article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

Unlocking Value in Mergers & Acquisitions: Identifying & Classifying Synergies

Withum

In mergers and acquisitions (M&A), the promise of synergies additional value generated by combining two companies is often the driving force behind deals. Synergies can manifest as cost savings, revenue enhancements, or strategic advantages, and can seem obvious but realizing them is far from automatic. In part one of this series, well explore the process of how to identify synergies as well as classifying the types of synergies with practical examples.

article thumbnail

Annual Budgeting & Forecasting Checklist

Shay CPA

Whether youre a startup working with a fractional CFO or a well-established tech company with a fully built finance function, this is a particularly important time of year. As we get into 2025, some steps you take now can set you up for financial success. That said, any tech company has a lot of moving parts. And that makes it relatively easy for things to fall through the cracks.

article thumbnail

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.