Mon.Jan 06, 2025

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2024’s Economy Lays the Groundwork for a Steady 2025

CPA Practice

As we look to 2025, the small business economy is on track to support these businesses and provide additional opportunities for growth. However, uncertainties remain.

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FASB clarifies date of disaggregation standard

Accounting Today

The Financial Accounting Standards Board released an update to clarify the interim effective date of its standard on disaggregation of income statement expenses for non-calendar year-end companies.

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Trending Sources

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FASB Clarifies Interim Effective Date of New Disaggregation Standard for Some Companies

CPA Practice

The FASB published its first Accounting Standards Update for 2025 on Monday which clears up confusion on the interim effective date of its new disaggregation of income statement expenses standard for public companies that don't have an annual reporting period that ends on Dec. 31.

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PCAOB imposed $35M in fines in 2024

Accounting Today

The Public Company Accounting Oversight Board ramped up enforcement, modernized standards, enhanced inspections and expanded engagement in 2024.

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Cash Flow Secrets Every Upskilled CPA Should Know

Speaker: Debra L. Robinson

CPAs know the drill: taxes, compliance, rinse, repeat. But what about the sneaky cash flow that’s quietly messing with your organization’s success? It’s time to step into the spotlight and expose the “dirty little secrets” of cash flow to fuel strategic growth. By upskilling your accounting practices and shifting focus from tax compliance to the strategic movement of money, you can transform your role from reactive accountant to proactive financial strategist.

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D.C. Accountant Pleads Guilty to Mortgage Fraud and Tax Crimes

CPA Practice

Trifilo did not file federal income tax returns or pay all the taxes that he owed despite earning more than $7.7 million during that time.

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UHY merges in TBR and Botz Deal

Accounting Today

UHY is expanding its presence in Michigan and Missouri by combining with two firms: Tama, Budaj & Raab and Botz Deal & Co.

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More Trending

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Letters to the Editor: A pipeline problem solution, and more

Accounting Today

Readers weigh in on recent articles, and the major trends impacting the profession.

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Aprio Enters Baltimore Market By Combining With Nardone, Pridgeon & Co.

CPA Practice

The Atlanta-based top 30 accounting firm continues to make moves since obtaining private equity backing last summer, this time merging with Timonium, MD-based CPA firm Nardone, Pridgeon & Co.

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The decline in accounting majors: What's behind the shift?

Accounting Today

If accounting is to survive as a viable career path, universities and business schools must adopt a more proactive stance.

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Monday Morning Accounting News Brief: Firms Fight Back on Public Metrics; A Rejection or a Blessing? | 1.6.25

Going Concern

Happy snowy Monday and welcome to the first Monday Morning News Brief of 2025! While I have you, allow me to ask you to take our 2025 Predictions for the Accounting Profession survey — it’s quick, simple, and we don’t want your email. It’s going well so far (not sarcasm): you love to see it Alright, some news. A user on r/recruitinghell was rejected from a top 50 firm on Christmas.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Choosing the Right Data Ingestion Tools in Microsoft Fabric: Data Pipeline, Dataflow, Notebook and Eventstream

Withum

When working with Microsoft Fabric , its essential to understand the different options available for data ingestion. Choosing the right tool can significantly affect your workflow, performance and overall data strategy. In this blog, we’ll explore and compare four popular data ingestion tools (Data Pipeline, Dataflow, Notebook and Eventstream) in Microsoft Fabric and understand when and when not to use them.

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Audit firms urge SEC to reject PCAOB metrics and reporting standards

Accounting Today

Auditing firms are asking the SEC to reject the Public Company Accounting Oversight Board's recent standards on firm and engagement metrics and firm reporting.

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Revolutionizing tax compliance: The power of embedded solutions in ERP systems

ThomsonReuters

Blog home Managing tax obligations in large organizations is a multifaceted challenge that demands precision, efficiency, and a deep understanding of ever-evolving regulations. Traditional tax management methods, often reliant on manual processes, can be time-consuming and error-prone, leading to significant financial and legal repercussions. As businesses grow and expand into new markets, the complexity of tax compliance increases exponentially, making it crucial to adopt innovative solutions

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Taxfyle to Debut AI Tax Assistant in January

CPA Practice

The on-demand accounting platform is set to launch its new AI customer assistant, Luis, on Jan. 31, which Taxfyle says will serve as a bridge during the customer journey to make their tax filing experience easier and quicker.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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QuickBooks Desktop Mobile App Survey

Insightful Accountant

Have you noticed a change in the functional capability of the QuickBooks Desktop Mobile App? I've had reports that the app's OCR (optical character reading) functionality isn't working for 'Receipts' or 'Bills' snapped for upload.

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3 oil and gas investments that bring big tax savings

Accounting Today

Wealthy clients and other accredited investors should consider drilling deductions, opportunity zones and 1031 exchanges in 2025, an expert says.

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2025 ProAdvisor Awards Application Process Continues

Insightful Accountant

You can still 'apply' for the the 2025 ProAdvisor Awards through the closing date on February 11, 2025 when all applications must be completed.

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Congratulations to Our 2024 CFE Grads

DMCL

Every year, hundreds of aspiring CPAs face the challenge of a career-defining milestone: the CFE. Today, we honour their success and celebrate the hard work, perseverance, and dedication it takes to achieve this accomplishment. Passing the CFE is more than an examit’s a testament to resilience, focus, and a commitment to excellence. We’re proud to support our team members on their journey to becoming CPAs and look forward to their continued success as leaders in the accounting profes

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Crafting Impact: Revenue Growth And Efficiency For Finance Professionals

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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RSM Launches New Ad Campaign Spotlighting Firm’s Growth

CPA Practice

The campaign follows closely on the heels of the newly launched RSM Catamaran, innovative outsourced solutions designed to meet the complex needs of middle-market businesses.

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Art of Accounting: Make 2025 your best year ever

Accounting Today

You need to offer more services to your current clients and then to new clients.

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Yeo & Yeo Launches HR Advisory Solutions Business After Acquisition

CPA Practice

The top 200 accounting firm has acquired Amy Cell Talent, a provider of human resources services, and rebranded it Yeo & Yeo HR Advisory Solutions, with Amy Cell assuming the role of president.

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Trump's major legislative agenda will pass by May, Johnson says

Accounting Today

Johnson said the massive bill would address issues such as border security, including money for the mass deportations of undocumented immigrants; and an extension of the 2017 Trump tax cuts.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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UHY Merges in Tama, Budaj & Raab, Botz Deal & Co.

CPA Practice

The top 30 accounting firm is expanding its presence in its home state of Michigan, as well as in Minnesota, by combining with two CPA firms, Tama, Budaj & Raab and Botz Deal & Co., effective Jan. 1.

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How to Get Started With Fabric: The Microsoft Data Platform for a Modern Data Management Solution

Withum

Welcome to the world of Microsoft Fabric the modern data management solution! Whether you’re a business analyst or an IT professional, this guide will help you understand the basics of Fabric and how to leverage it for your data needs. In today’s data-driven world, having a robust data platform and data integration tools are crucial for making informed decisions and staying competitive.

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Biden Signs Social Security Bill in Rare Public Signing Ceremony

CPA Practice

The Social Security Fairness Act will boostSocial Securitypayments to more than 2.5 million retireessome by as much as $550 a monthby changing the formulas used to reduce benefits for certain beneficiaries.

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DMCL Welcomes Five New Partners in 2025

DMCL

We are delighted to announce the promotion of five exceptional professionals to the position of Partner at DMCL, effective January 1, 2025. These individuals have demonstrated outstanding dedication, expertise, and leadership within our firm. Their promotions reflect our commitment to recognizing and nurturing talent that drives our success and enhances the services we provide to our clients.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Trump’s Major Legislative Agenda Will Pass by May, Speaker Mike Johnson Says

CPA Practice

Johnson said on Fox News that the massive bill would address issues such as an extension of the 2017 Trump tax cuts, border security, raising or eliminating the federal debt ceiling, reducing federal regulations and dismantling the deep state.

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Anders Announces Promotions for 23 Employees

Anders CPA

Anders is excited to announce the promotion of 23 employees. The firm recognizes promotions twice annually, in January and July. Anders proudly recognizes our promoted employees professional achievements, their embodiment of the firms core values and their ability to deliver exceptional results for Anders clients. Audit and Assurance Promotions Hanna Bledsoe Compliance Senior Sam Roberds Compliance Senior Tax Promotions Dee Dee Veal Tax Senior Manager Zeke Cassidy Tax Manager Brandi Ruhland

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