Thu.Feb 13, 2025

article thumbnail

Filing trends to watch during the 2025 tax season

Accounting Today

As the new year's tax season begins, a look back at lessons from the 2024 filing season.

Tax 124
article thumbnail

Sales tax and the Navajo Nation

TaxConnex

Online businesses looking to do business on Native American tribal lands in the U.S. should know that sales tax obligations for these sovereign nations and territories resemble those obligations in other areas of the U.S. but can differ in important ways. Areas such as the Navajo Nation have tribal sovereignty; for tax purposes, this means their sales tax laws are separate from the states within which they reside.

Sales 213
Insiders

Sign Up for our Newsletter

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

article thumbnail

Elections, inflation drive sales tax pressures

Accounting Today

Expect rates to rise and audits to increase as cash-strapped states and localities feel the crunch.

Sales 107
article thumbnail

New IRS Guidance on Cryptocurrency Complicates Reporting But Includes Temporary Safe Harbor

CPA Practice

With cryptocurrency's increase in popularity, the IRS has introduced some complicated reporting requirements to ensure compliance with U.S. tax laws.

Tax 99
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

Your Critical Thinking Skills Might Suffer If You Use Gen AI at Work

Going Concern

Although we haven’t fully decided whether accountants are knowledge workers or manual laborers so long as accountants’ output is predominantly measured in billable hours, this recent paper as reported in 404 Media seems relevant to the sector nonetheless. Emanuel Maiberg writes : A new paper from researchers at Microsoft and Carnegie Mellon University finds that as humans increasingly rely on generative AI in their work, they use less critical thinking, which can result in the deteri

article thumbnail

Tax Fraud Blotter: Shame shame

Accounting Today

Careless; the PTIN shuffle; time for Time; and other highlights of recent tax cases.

Tax 96

More Trending

article thumbnail

Sage beefs up AI, automation capacities in Intacct

Accounting Today

Accounting and ERP solutions provider Sage announced new AI-driven improvements to its Sage Intacct product, particularly its generative AI Sage Copilot feature.

article thumbnail

CPE Webcast – Mar. 26, 2025: Helping Clients Set Up Their Remote Employees

CPA Practice

Many businesses have team members across state lines, and you may have clients with remote employees in other states. Payroll can get confusing and tricky in these situations.

payroll 83
article thumbnail

Business leaders see risks in economy, cyber threats and talent

Accounting Today

The economy is the No. 1 risk cited by a group of business leaders, according to a new survey from Protiviti and North Carolina State University.

article thumbnail

2025 ESG Health Check: What CFOs Need to Know

CPA Practice

Here are a few key items that CFOs need to answer as they health check their ESG oversight capabilities and seek to make sure that their organizations can meet these challenges in 2025 and for years to come.

Account 80
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

Think of yourself as a life planner

Accounting Today

Help clients create the ideal life for themselves first and then work backward to help them get there financially.

59
article thumbnail

KSDT CPA Merges in Colbert & Boue in Florida

CPA Practice

Miami-based KSDT CPA is merging with Colbert & Boue, an accounting firm based in Coral Gables, FL, a move that strengthens the top 200 firm's presence in Miami-Dade County and marks the opening of its fourth South Florida office.

Florida 76
article thumbnail

Reduce Employee Turnover Rate in Your Skagit County Small Business

SkagitCountyTaxServices

Saving money isnt a good priority in your business. I know, a shocking statement by any means, but especially in our current inflationary reality. But, heres what I mean If were speaking strictly in terms of getting your costs down, it’s understandable why youd prioritize anything that gets you savings. When prices go up, you have to adjust for that.

Tax 54
article thumbnail

Gartner Survey Shows Majority of CFOs Plan to Boost Technology Budgets in 2025

CPA Practice

Despite ongoing economic and geopolitical disruption, CFOs are planning significant technology budget increases, viewing digital investments as crucial for growth and efficiency, according to Gartner, Inc.

Account 76
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

Xero Announces Leadership Changes

Insightful Accountant

Xero has announced two leadership changes in the areas of 'People' and 'Finance'.

Finance 52
article thumbnail

PCAOB Posts Knowledge Checks on New Quality Control Standard

CPA Practice

The Public Company Accounting Oversight Board has posted a new series of knowledge checksdesigned to help auditors gauge their understanding of important aspects of the regulator's new quality control standard, QC 1000,A Firms System of Quality Control.

auditor 75
article thumbnail

Registration for June's Sage Future Convention Now Open

Insightful Accountant

Sage Future is formerly replacing Sage Transform as the new Sage conference. Registration has just opened for the event being held June 3-5, 2025 at Atlanta's Georgia World Congress Center.

Georgia 52
article thumbnail

Sage Intacct Adds AI Tools and Features to Boost Finance Teams

CPA Practice

These latest enhancements help finance teams save time, get trusted insights faster, and focus on growth by simplifying compliance, enhancing decision-making, and improving operational efficiency.

Finance 66
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

App Aware: Datisfy for Manufacturing & Wholesale

Insightful Accountant

Murph wants to make you aware of 'report suite' designed to address data visibility gaps for manufacturers and wholesalers who are trying to operate with QuickBooks Enterprise.

article thumbnail

ION Partners with Avalara to Tackle Tax Compliance Risks in Energy Trading

CPA Practice

The integration will offer energy companies an automated, more accurate, and scalable tax compliance solution, enabling real-time tax calculation, reducing reliance on manual processes, and minimizing errors.

Tax 59
article thumbnail

How to Build an Accounting Tech Stack for Your Firm

Ryan Lazanis

Building an accounting tech stack? Learn why it matters, must-have tools, and pro tips to fully streamline your firm's operations. The post How to Build an Accounting Tech Stack for Your Firm appeared first on Future Firm.

article thumbnail

Monitoring Transient Occupancy Taxes for Local Governments: Are You Leaving Money on the Table?

LSLCPAs

For many local governments, Transient Occupancy Taxes (TOT) are a critical source of revenue. Often levied on short-term stays at hotels, motels, and vacation rentals, these taxes can amount to millions of dollars annually. Yet, many governments fail to monitor compliance adequately, potentially leaving significant revenue uncollected. In some cases, local governments have discovered they.

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.

article thumbnail

Senior Accountant Job Description (Free Template)

Ryan Lazanis

Get our free Senior Accountant job description template to attract top talent and make your firms operations run smoother. The post Senior Accountant Job Description (Free Template) appeared first on Future Firm.

article thumbnail

Meta Workplace Alternatives: Is Microsoft Viva Engage the Best Fit?

Withum

Ever since Meta, formerly known as Facebook, announced it would be discontinuing its enterprise communication platform, Workplace, organizations have been searching for ways to fill the gap. With the news of Meta Workplace shutting down, many teams are actively exploring Meta Workplace alternatives to ensure their communication and collaboration needs are met.

52
article thumbnail

Accountant Shortage: What Does It Mean for Your Firm?

Ryan Lazanis

The accounting talent pool is shrinking. Learn why its happening, how it impacts the industry, and what your firm can do to keep growing. The post Accountant Shortage: What Does It Mean for Your Firm? appeared first on Future Firm.

article thumbnail

Managing new employer National Insurance rules

Inform Accounting

Autumn Budget 2024 announced sweeping changes to the National Insurance regime for employers from 6 April 2025.

Tax 52
article thumbnail

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?

article thumbnail

Intuit Blog Post Warns of Desktop Fraudsters

Insightful Accountant

Intuit Firm of the Future article warns of fraudsters and scammers impersonating Intuit, especially with regard to QuickBooks Desktop.

article thumbnail

New York Set to Adopt Federal Centralized Partnership Audit Regime

Withum

New York plans to align with the federal centralized partnership audit regime as part of Governor Kathy Hochuls fiscal year 2026 budget. The 2026 budget proposal would amend various tax law provisions and introduce a new section, 659-a, detailing how partnerships must report federal changes and pay any resulting tax on behalf of their partners.The proposal aims to clarify New York state reporting requirements since the IRS started its partnership audit initiative in 2018.

article thumbnail

Chaser launches integration with Sage 200 to reduce late payments and simplify credit management

Accounting Insight

Chaser, the global leader in debtor management software, has launched an integration with Sage 200, delivering a solution for businesses to simplify accounts receivable processes, reduce late payments, and safeguard revenue. With late payments responsible for 10% of invoices being written off as bad debt (Sage), the integration equips businesses with the tools needed to take control of their receivables and avoid the financial strain caused by overdue payments.

article thumbnail

Aprio Aims to Enter Legal Industry by Combining with Law Firm in Arizona

CPA Practice

The top 30 accounting firm is planning to merge with Scottsdale, AZ-based boutique business law firm Radix Law this spring to form the Arizona law firm Aprio Legal, a move that could set off a wave of other CPA firms entering an industry that was once considered off limits.

Arizona 45
article thumbnail

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.