CTP

DECEMBER 2, 2024

Despite your best efforts as a tax planner, your client may still end up facing an audit. Since some audits are randomly chosen, this is an unavoidable reality for those of us in the tax field. The question is: what is our role when it comes to supporting our clients through an audit? Where do our responsibilities begin and end? And how can we best prepare for this possibility so we can guide our clients toward the best attainable outcome?

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Accounting Today

DECEMBER 2, 2024

States that do not assess the major taxes are more competitive than states with complex taxes with high rates.

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Tax 137

Withum

DECEMBER 2, 2024

When it comes to accounting methods, businesses primarily choose between two approaches: cash basis accounting and accrual basis accounting. Understanding the key differences between cash vs. accrual accounting is essential as this decision impacts financial reporting, cash flow management and long-term planning. What Is Cash Basis Accounting? Cash basis accounting is a straightforward method in which revenue and expenses are recorded only when cash is exchanged.

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MyIRSRelief

DECEMBER 2, 2024

The Benefits of Outsourcing Bookkeeping for Small Business Growth Outsourcing bookkeeping has become a game-changer for small businesses looking to streamline operations, cut costs, and focus more on growth. For many small business owners, managing the books can be time-consuming and complex, especially when juggling payroll, tax preparation, and other essential financial tasks.

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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.

Finance

Accounting Today

DECEMBER 2, 2024

Al-Nesha Jones envisioned a better busy season, and made it happen at her ASE Group

Tax 123

Tax 123

inDinero Tax Tips

DECEMBER 2, 2024

This article is a primer for founders without finance backgrounds who want a sense of what should be on their minds when developing a financial plan for their SaaS startup. There are plenty of free spreadsheet templates online, but without an understanding of how or why to customize them, they aren’t particularly useful. It’s like the difference between copying someone else’s homework and doing it yourself.

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Insightful Accountant

DECEMBER 2, 2024

In a significant development for tax practitioners and their small business clients, the IRS has established new transitional thresholds for Form 1099-K reporting through Notice 2024-85.

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Tax 98

Accounting Today

DECEMBER 2, 2024

Court decisions have opened up a whole new world of tax worries for college athletes.

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Tax tax planning 119

Insightful Accountant

DECEMBER 2, 2024

Tax season is a big challenge for all accountants. You need to get information from clients, clean up their books, carefully review data, and export and/or check trial balances. “Busy season” is accurate.

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Accounting Today

DECEMBER 2, 2024

On the eve of his retirement, AICPA chief Barry Melancon looks back at how the institute – and the accounting profession – have changed over the past 30 years.

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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.

Account

Mark Lee

DECEMBER 2, 2024

Ever feel torn between wanting to fire a difficult client and worrying about losing their fees? You’re not alone. The higher the fees, the harder it is to cut the cord. It’s a classic accountant’s dilemma—and one worth addressing before it drains your energy and confidence. It is a topic that often comes up in my conversations with mentoring clients and we’ve also discussed it in detail during a meeting of the Sole Practice Club.

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Education Account accounted accountant 98

Accounting Today

DECEMBER 2, 2024

Small firms can't drop billions on custom AI systems, but there are still ways to leverage the tech without breaking the bank.

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Technology 110

CPA Practice

DECEMBER 2, 2024

By Amy Gallagher, Managing Director, UHY. As we move into 2025, accounting firms face a significant challenge: a growing talent gap caused by many experienced CPAs and professionals retiring. The accounting profession’s yawning talent gap has long been a thorn in the industry’s side. However, with an estimated 75 percent of CPAs having hit retirement age by the year 2020, and the number of accounting graduates continuing to trend downwards , the talent challenges the accounting industry is facin

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Accounting Today

DECEMBER 2, 2024

John Auchincloss will retire in September 2025 from the FAF. The search for his successor will begin immediately.

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financial accounting Account accounted accountant 69

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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.

accounting and finance

Withum

DECEMBER 2, 2024

In many physician practices, it has been common practice to contract an outside healthcare professional to provide services at a per-procedure rate. Did you know that those healthcare professionals may now be considered employees? On January 10, 2024, the U.S. Department of Labor published a final rule, effective March 11, 2024, revising the Department’s guidance on analyzing who is an employee or independent contractor under the Fair Labor Standards Act (FLSA).

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Healthcare income tax Tax 72

ThomsonReuters

DECEMBER 2, 2024

← Blog home At a high level, SAS 145 brings with it refinements to risk assessment standards in audits, reinforcing the need for vigilance and critical thinking. While it does not change the confirmation requirements, it prompts auditors to re-examine inherent risk factors closely, particularly for areas like cash and cash equivalents, where fraud can be more prevalent.

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CPA Practice

DECEMBER 2, 2024

Aprio , the 25 th largest business advisory and accounting firm, has released its 2025 Technology Outlook , highlighting the recent impact of private equity and venture capital funding within the tech sector and key trends that will continue to make an impact in 2025. The Outlook dives into the particularities of equity investment in the tech sector.

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Technology Healthcare B2B accounting firms 52

Basis 365

DECEMBER 2, 2024

For business owners, the end of the year signals a time for evaluating financial standings and planning how best to utilize those remaining profits. Strategic investments at this time can both strengthen a companys future operations and provide financial benefits, like tax deductions. If youve been considering how to bolster your companys financial operations and are looking to invest strategically with year-end funds, outsourced accounting services are a smart investment.

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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.

Technology

Insightful Accountant

DECEMBER 2, 2024

December 10th is the 'Extended Deadline' to nominate a ProAdvisor. There's still time to nominate a deserving U.S. or International ProAdvisor for the 2025 Awards.

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Accounting Today

DECEMBER 2, 2024

The investigation determined that "the conclusions EY stated in its resignation letter were not supported by the facts examined in the review.

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audit 52

Insightful Accountant

DECEMBER 2, 2024

Aprio tech outlook outlines key trends that will influence investment in the tech sector during 2025.

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Technology 52

Accounting Today

DECEMBER 2, 2024

Barry had an extraordinary career with great achievements leading the accounting profession forward and into a bright-looking future.

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Account accounted accountant 52

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.

Account

Insightful Accountant

DECEMBER 2, 2024

In this episode of the Accounting Insiders podcast, Gary DeHart interviews John Martinka, co-founder of Nokomis Advisory Services, about key strategies for small businesses in the M&A sector.

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accounted Account accountant 52

Accounting Today

DECEMBER 2, 2024

Germany's top criminal court almost doubled the amounts of illicit profits a former chief executive officer of a defunct bank and other ex-managers must repay.

Tax 52

Tax 52

FraudFiles

DECEMBER 2, 2024

The dreaded expense reports. Employees hate preparing them. Companies hate reviewing them. They seem to be painful for everyone involved, yet companies can’t get away from them all together. You’re asking yourself why this might be an important topic. Expense report losses are really a minor expense for most companies, aren’t they? Yes, they are. [.

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CPA Practice

DECEMBER 2, 2024

By Paula DeJayes. Generous return policies by companies like Target, Kohl’s and Walmart are popular with customers. Though they generate goodwill and repeat business, retailers are not exactly happy to be stuck with returned inventory. Now, your client retailers are thinking the unthinkable: Giving customers refunds but letting them keep their unwanted goods.

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Retail Non-Profits Illinois Tax 52

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?

AP Automation

CTP

DECEMBER 2, 2024

Tax audits are, unfortunately, a possibility that every taxpayer should be prepared for. Even if you’ve crossed your t’s and dotted your i’s, the IRS does sometimes choose tax returns at random for an audit. How can you ensure you are ready if this happens to you? The more documentation you have to support the claims made on your tax return and the more understanding you have of the tax laws that apply to your case, the better you’ll fare.

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CPA Practice

DECEMBER 2, 2024

AICPA News is a round-up of recent announcements from the American Institute of Certified Public Accountants. AICPA Reiterates ‘Grave Concerns’ with BOI Reporting Requirement Timeline, Requests Filing Delay In a letter to Congressional leadership of the Senate Banking Committee and the House Financial Services Committee, the American Institute of CPAs (AICPA) recently expressed their concerns with the Financial Crimes Enforcement Network (FinCEN) Beneficial Ownership Information (BOI) report

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CPA cpas accounting and finance Education 52

Going Concern

DECEMBER 2, 2024

Welcome back to the working world, everyone. I trust you all had a nice holiday. Since we had a couple days off I took the opportunity to finally finish the Silent Hill 2 remake. I got the ‘Head of Controlling’ ending (jk, I got Leave). Let's acknowledge the most important people behind the spectacular Silent Hill 2 remake: pic.twitter.com/GGquHgEVvq — Going Concern (@going_concern) November 30, 2024 Alright, enough chit-chat.

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Account accounted accountant audit 59

CPA Practice

DECEMBER 2, 2024

Research from global talent solutions and business consulting firm Robert Half reveals the top recruiting obstacles small and midsize businesses (SMBs) are facing now and in the months ahead. The research offers valuable insights to help SMBs compete for top talent in a complex and evolving hiring landscape. According to a survey of more than 1,700 hiring managers at small (20-99 employees) and midsize (100-999 employees) companies, the greatest hiring challenges facing SMBs include: Salary pres

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accounting and finance Legal Finance Account 52

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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.

Technology