Fri.Dec 20, 2024

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The Ultimate 1099 Checklist Template Every Accountant Needs

Canopy Accounting

Dont miss a step when it comes to handling 1099s! This Ultimate 1099 Checklist Canopy Template saves the day, making the process smoother, faster, and more organized than ever. Managing 1099s can be daunting without a structured approach. With this streamlined 7-phase template, youll have everything you need to simplify vendor management, ensure data accuracy, and boost client collaboration for timely and accurate filings.

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AI in FP&A: The Future of Financial Decision-Making

Acterys

If the term “AI” catches your eye, it’s highly likely that ChatGPT comes to mind. And you would be absolutely correct in making that association. The launch of ChatGPT has taken the world by storm. Its success has kickstarted an AI race that has compelled almost every company to embed artificial intelligence and machine learning algorithms into their software architecture to mirror the same level of agility and productivity.

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Case Study: Enhancing Financial Processes for Growth and Audit Readiness

Withum

The Client The client is a technology company that provides a streaming SQL database for real-time applications, live dashboards and streaming data pipelines. With a global presence and growing operations, the client faced various accounting challenges that required professional expertise to address. The Challenge The client faced several accounting challenges that needed to be addressed to ensure their financial records were accurate and compliant.

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Proactive measures to address the corporate tax talent crisis

ThomsonReuters

Blog home Is your tax team struggling to retain top talent? Is this affecting your departments’ ability to stay ahead of evolving tax requirements and keep pace with emerging technologies? If so, your organization is not alone. Our recent Corporate Tax Report survey revealed significant talent shortages within tax departments over the past year, expanding upon the rippling organizational effects.

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Forecasting Failures Are Costly: Here's 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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A Christmas Carol for Finance Teams: Unwrapping the Challenges of 2025

Accounting Insight

As the festive season approaches and businesses wrap up another financial year, the gift of insight is top of the wish list for UK finance leaders. However, new research from award-winning cloud accounting software provider, iplicit, reveals that finance teams may need more than the Christmas spirit to tackle the top challenges of 2025. Among the key concerns for finance leaders are cybersecurity threats (38%), economic volatility and its impact on financial decision-making (36%), and understand

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Top Remote Accountants of the Week | December 19, 2024

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.

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Pro Tips for CRM Setup in Chemical Manufacturing

Withum

In our previous article, Optimizing Sales and Efficiency in Chemical Manufacturing Through CRM Solutions , we explored the important role CRM plays in enhancing chemical manufacturing operations by optimizing sales, improving customer relationships and ensuring regulatory compliance. Now, let’s dive deeper into the next step: setting up CRM effectively.

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Tax Fraud Blotter: Crooks R Us

Accounting Today

The shadow knows; body of evidence; make a Note of it; and other highlights of recent tax cases.

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The Guide to 2025 Tax Season - Business Updates

Canopy Accounting

Identify and comprehend the latest updates and changes in tax laws for the upcoming 2025 tax year.

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On the move: Withum marks over a decade of Withum Week of Caring

Accounting Today

Citrin Cooperman appoints CIO; PKF O'Connor Davies opens new Fort Lauderdale office; and more news from across the profession.

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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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FASB Seeks Comments on Proposal to Change Environmental Financial Accounting Disclosures

CPA Practice

The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to improve the financial accounting for and disclosure of financial activities related to environmental credits and environmental credit obligations.

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Accounting in 2025: The year ahead in numbers

Accounting Today

Accounting Today's annual survey reveals firms' expectations, worries and plans for the next 12 months.

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PKF O’Connor Davies Opens New Office in Fort Lauderdale

CPA Practice

The offices numerous amenities, including a designated meeting space and caf, further enable the organizations client-centric focus and strengthen its ability to serve as a trusted, valued advisor.

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SEC charges Entergy with internal accounting controls violations

Accounting Today

Entergy Corporation, a Louisiana-based utility company, paid the Securities and Exchange Commission $12 million to settle charges of internal accounting controls violations.

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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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The Ultimate Guide to Email Marketing for Accounting Firms

Ryan Lazanis

Email marketing for accounting firms can be intimidating. I get it. As an accountant by profession, you likely didnt receive […] The post The Ultimate Guide to Email Marketing for Accounting Firms appeared first on Future Firm.

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Tech news: Wolters Kluwer launches conversational AI feature

Accounting Today

Wolters Kluwer launches conversational AI feature in CCH Connect; HubSync adds bevy of new enhancements to suite; Crowe announces cyber risk analysis solution; and other accounting tech news.

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Xero's Future Unveiled: AI, CAS, and Regional Expansion Plans for 2025 with Ben Richmond

Insightful Accountant

Join us as Ben Richmond, Xero's newly appointed Managing Director for North America, shares key updates and the future direction of Xero's platform during the Product Update and Strategy Discussion meeting.

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Why Real Product Sales Don’t Occur In MLMs

FraudFiles

Multi-level marketing companies (MLMs) like to refer to themselves as Direct Sales companies, because this puts the focus on the sale of the product or service, and takes focus off the business of recruiting. Ive been researching MLMs for more than 20 years, and Ive found that companies use the product or services simply as [.

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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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Overview of Intuit Connect 2024 Conference- The Accounting Technology Lab Podcast – Dec. 2024

CPA Practice

Brian Tankersley, CPA, and Randy Johnston continue their travels to the largest conference for accounting professionals, and provide a recap of the 2024 Intuit Connect user conference.

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Boomer's Blueprint: The attributes of an 'Exponential Organization'

Accounting Today

Adopting ExO attributes isn't just a way to boost profits; it's a pathway to attract top talent and engage clients looking for forward-thinking solutions.

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Managing Stress, Prioritizing Wellness, And Spreading Holiday Cheer

Randal DeHart

The holiday season is usually filled with joy and celebration. Still, it can also bring significant stress for construction business owners. With project deadlines, year-end financial tasks, and the hustle and bustle of the festivities, it's easy to feel overwhelmed. Here are some strategies to help you manage stress and prioritize your well-being during this busy time of year. 1.

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Expert advocates 1099 reporting automation to ease compliance burden

ThomsonReuters

As the information return tax filing season approaches, businesses encounter the complex challenges of 1099 reporting. IRS data reveals that for the tax year 2022, over 72.3 million Forms 1099-NEC and more than 43.8 million Forms 1099-MISC were filed. This represents a significant increase of nearly 30 million form submissions compared to a decade ago, when Form 1099-MISC was also used for non-employee compensation reporting.

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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.

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Friday Footnotes: PwC Makes Things Harder For Firms in China; AICPA Fights Against New PCAOB Reporting Rule; Accounting < HR | 12.20.24

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.