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A new report reveals a dramatic shift in the expectations that businesses and individuals who use accountants have of those professionals, with findings that highlight the need for seamless technology, proactive communication, and personalized service. The 2024 Client Satisfaction Report , commissioned by accounting technology maker TaxDome , provides invaluable data to help firms adapt to the evolving needs of their clients.
Welcome to our monthly roundup of what’s new in Xero. This month, we’ve introduced updates designed to help you to get paid faster, streamline tax rules and regulations compliance, and manage your sales tax with ease. With enhancements from the ability to send invoices via SMS to improvements in Xero Tax and sales tax reporting, we continue to make Xero even better.
The Department of the Treasury and the Internal Revenue Service have issued Revenue Procedure 2024-31 PDF and proposed regulations to provide guidance for the Energy Efficient Home Improvement Credit. The revenue procedure provides procedures and requirements that a manufacturer of specified property must follow to be treated as a qualified manufacturer.
This article has been refreshed to include the latest announcement from Intuit about the discontinuation of support and security updates for QuickBooks Desktop 2022 after May 31, 2025, in addition to the previously announced changes affecting QuickBooks Desktop subscriptions that ended September 30, 2024. Below, we outline what the newest updates mean for your business and the steps you can take to transition smoothly.
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
Intuit and Amazon have announced a multi-year strategic partnership to empower millions of Amazon sellers to manage their finances, stay compliant, access capital, and grow their business. By leveraging Intuits AI-driven expert platform, millions of Amazon sellers will be able to discover and access Intuits platform seamlessly, benefiting from powerful financial insights like profitability, cash flow, and estimated tax liabilities to fuel their growth.
How a Growing Cannabis Organization Streamlined Financial Reporting with Intacct Case Brief A rapidly growing company in the cannabis industry needed to scale its financial management capabilities beyond QuickBooks’s limitations. Partnering with Withum, this organization transitioned from QuickBooks to Sage Intacct, a cloud-based ERP system known for its robust multi-entity and intercompany functionalities and dimension-based accounting capabilities.
Blog home Today, organizations are under increasing pressure to navigate the complexities of global tax regulations, ensure compliance, and optimize workflow processes using the latest advanced technology. Corporate tax leaders across all industries are looking for ways to simplify their tax, trade, and financial reporting workflows with tools that reduce risk, save time, and increase accuracy.
Blog home Today, organizations are under increasing pressure to navigate the complexities of global tax regulations, ensure compliance, and optimize workflow processes using the latest advanced technology. Corporate tax leaders across all industries are looking for ways to simplify their tax, trade, and financial reporting workflows with tools that reduce risk, save time, and increase accuracy.
The AICPA & CIMA , which together form the Association of International Certified Professional Accountants,have announced the inaugural graduates of the Registered Apprenticeship for Finance Business Partner (RAP) program. The two apprenticeship graduates Daniel Grufferman, Global eCommerce controller & Warranty controller with Stanley Black & Decker and Jeffrey Culp, SVP & CFO, Business Transformation Office, Liberty Bank are each established professionals that entered the pro
The prestigious award is based entirely on what current employees say about their experience of working at The TaxAssist Group. Following a recent staff survey, The TaxAssist Group is proud to be Certified by Great Place To Work. Great Place To Work is the global authority on workplace culture, employee experience, and the leadership behaviours proven to deliver market-leading revenue, employee retention and increased innovation.
Barry's presentation at the Accountants Club of America included his thoughts about the future of small practices, which make up about 43,000 of the estimated 44,000 accounting practices in America.
Staff report The latest edition of the Public Company Accounting Oversight Board (PCAOB) Audit Focus series provides staff insights for auditors on audit committee communications. The new series of PCAOB staff guidance is intended to provide easy-to-digest information to auditors, especially those who audit smaller public companies. The regulator launched the Audit Focus series last month with critical audit matters as the first topic.
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
The Treasury Inspector General for Tax Administration completed thousand investigations over the past six months that contributed to more than $6.1 billion in tax savings.
As 2025 approaches, preparing your business budget should be a top priority. A well-crafted budget is more than just a financial planits a roadmap for navigating the fiscal year. However, effective budgeting starts with a strong foundation of accurate financial data. By outsourcing your accounting, you can ensure that your companys financial records are precise and organized, providing the essential groundwork for effective forecasting and strategic planning.
The nominee for head of the Securities and Exchange Commission, Paul Atkins, will pursue a more deregulatory and crypto-friendly approach than Gary Gensler.
Anders is hosting the firm’s annual Sip, Savor and Shop event. The event features a virtual boutique showcasing firm clients in the retail, entertainment and hospitality industries. In 2024, 26 vendors are participating, helping them access a larger audience during the holiday shopping season. Anders employees are gifted $100 each to encourage them to participate in the event, supporting local businesses and discovering new favorite products from out-of-town sellers.
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.
Canopy's updated guide breaks down every change, update, and addition you will need to know for the 2025 tax season. Download our latest eBook to be the best-equipped tax accountant to help clients this upcoming tax season!
Perpetrators of fraud have plenty of schemes to choose from when cooking up their crimes. The fraud schemes range from petty theft by lower-level employees, all the way up to management cooking up stellar financial statements to dupe investors and lenders. Fraud prevention policies and procedures sometimes have a tendency to focus on the smaller [.
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?
IRIS Software Group (IRIS), a leading global provider of accountancy, education management, HR and payroll solutions, today announced a definitive agreement to acquire Dext Software Ltd (Dext), a leading bookkeeping automation platform provider. The acquisition will unite two sector-leading cloud-based platforms Dexts Bookkeeping Automation Platform and IRIS Elements to deliver a complementary and fully integrated, end-to-end solution for accountants, bookkeepers, and businesses.
The Public Company Accounting Oversight Board will continue its inspection focus on public companies in the financial, real estate and information technology sectors.
Workforce planning is a crucial part of ensuring that your business has the right people, with the right skills, at the right time. As businesses grow and evolve, workforce needs change, and planning ahead becomes key to navigating challenges. But with so much workforce data living in so many places, pulling the right information together can be a challenge.
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.
Knowing how to distinguish between what is required by standards and what is opinion is crucial for auditors to confidently navigate these reviews and inspections.
By Don Lee Los Angeles Times (TNS) Job growth rebounded in November from the weather-related stall in hiring the previous month, fresh evidence that the U.S. labor market remains healthy despite signs of a slowing economy overall, according to new government data released Friday. But the nations unemployment rate edged up to 4.2% last month from 4.1% as more people reported being unemployed and others left the labor force.
Economic uncertainty is on the rise for the UKs 5.6 million small and medium-sized enterprises (SMEs) following the Autumn Budget, according to iwocas Q3 2024 SME Expert Index. The percentage of brokers reporting pessimism among their SME clients about the future has more than doubled, rising from 15% last quarter to 34%. Meanwhile, only one in three (36%) brokers report that small and medium-sized firms feel optimistic, down from 56% in the previous SME Expert Index.
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!
The Indiana CPA Society has announced the winners and finalists for the 2024 INCPAS Awards honoring outstanding CPAs and related professionals in Indiana. All category award finalists and honorees were chosen by the INCPAS Awards Committee comprised of members of the Board of Directors. This years winners were announced at the annual INCPAS CPA Celebration on November 22 at The Crane Bay Event Center.
The Government has provided various benefits to the importers such as concessional rates of import duty through exemptions, deferment of duty payment, etc. The CBIC received various representations regarding the applicability of the concessional rate of duty under IGCR for the MOOWR Scheme. Concerning the same, the CBIC has issued detailed clarification vide Circular No. 26/2024 – Customs dated 21st November, 2024.
Staff report Inspectors from the Public Company Accounting Oversight Board (PCAOB) outlined their priorities for 2025 audit inspections in a staff report released on Dec. 9. The report highlights risks and other considerations the staff believes auditors should consider when planning and performing their current and upcoming audits, as well as sectors and industries that PCAOB inspection staff will prioritize.
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.
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