Accounting Today

JANUARY 10, 2025

The new administration has discussed creating a strategic Bitcoin reserve. What accounting changes would we see as a result?

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CPA Practice

JANUARY 10, 2025

Currently, only individuals and households that reside or have a business in Los Angeles County qualify for tax relief. However, the same tax relief will be offered to any counties designated by FEMA in the coming days or weeks.

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Tax 124

Accounting Today

JANUARY 10, 2025

Newly expanded and improved tools will be available when tax season kicks off this month.

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CPA Practice

JANUARY 10, 2025

The Grant Thornton global network of accounting firms pulled in a record $8 billion in revenue during its most recent financial year that ended Sept. 30, 2024, a 6.6% increase in U.S. dollars and 8.8% in adjusted constant currency terms over its 2023 revenue of $7.5 billion.

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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

JANUARY 10, 2025

Intuit guarantees tax refunds 5 Days early into any bank account; IRIS beefs up Firm Management solution, customer success function; and other accounting tech news and updates.

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Technology Tax Account accounted 118

CPA Practice

JANUARY 10, 2025

The IRS expects more than 140 million individual tax returns to be filed ahead of the April 15 federal deadline, with more than half of all tax returns filed this year with the assistance of a tax professional.

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tax return Tax income tax 105

CPA Practice

JANUARY 10, 2025

KPMG finished its 2024 financial year with global revenue of $38.4 billion, a 5.1% increase in local currency terms and 5.4% growth in U.S. currency over the previous year, the Big Four firm said last month.

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Accounting Today

JANUARY 10, 2025

Some related-party 'basis shifting' arrangements are now considered 'transactions of interest' per the IRS's final regulations.

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Tax 111

CPA Practice

JANUARY 10, 2025

We've normalized burnout in accounting for too long. We brush it off as an inevitable part of the profession, hiding behind phrases like, "It's just busy season" or "that's public accounting for you.

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public accounting accounted Account accountant 89

Accounting Today

JANUARY 10, 2025

The deadline for our Top New Products list has been moved to Wednesday, Jan. 15.

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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.

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CPA Practice

JANUARY 10, 2025

This CES was more about "experiences," and we were actively separating reality from hype. Many columns I've read on the CES event don't represent the reality I understood by attending.

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Technology 85

Accounting Today

JANUARY 10, 2025

The proposed regulations involve several provisions of the SECURE 2.0 Act, including auto enrollment in 401(k) and 403(b) plans, and the Roth IRA catchup rule.

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Tax 85

Going Concern

JANUARY 10, 2025

The Ohio Society of CPAs announced yesterday that their state is leading the way in alternative pathways to CPA licensure, officially. Here’s what they said: Ohio Governor Mike DeWine signed House Bill 238 into law on Jan. 8, which includes OSCPA-backed legislation that will position Ohio as a national leader in addressing the dire CPA shortage.

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Accounting Today

JANUARY 10, 2025

Proposed new rules were issued for the tax credit for qualified commercial clean vehicles, along with guidance on claiming tax credits for clean fuel.

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Tax 81

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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.

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IgniteSpot

JANUARY 10, 2025

On 12/27/24, Bench.co, an online bookkeeping service, suddenly shut down its platform, leaving over 11,000 businesses scrambling. What really happened?

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bookkeeping services bookkeeping accounting firms Account 68

Accounting Insight

JANUARY 10, 2025

2024 was certainly a year of discovery and rapid progression for AI and automation. We witnessed the widespread adoption of tools like ChatGPT to generate and speed up idea development, create structure and conduct research. This widening use of generative shows a growing acceptance of how it can benefit people in business as well as for personal use.

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CPA Practice

JANUARY 10, 2025

After tying PwC for the lead in the second quarter of 2024, top 25 accounting firm Withum was alone at the top of the initial public offering auditor market share standings in Q3 with 11 audit clients that went public, according to Audit Analytics.

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Accounting Today

JANUARY 10, 2025

Regular reviews can determine whether a life insurance policy is performing according to expectations and meeting the client's current financial objectives.

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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

CPA Practice

JANUARY 10, 2025

ABUKAI, a provider of expense management solutions, is offering people who have suffered from the January 2025 California wildfires a free one-year ABUKAI Individual Account.

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Accounting Today

JANUARY 10, 2025

Officials are weighing whether the bank now owned by UBS breached a 2014 plea deal in which it paid $2.6 billion and admitted helping Americans evade taxes.

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Insightful Accountant

JANUARY 10, 2025

As 1099 season approaches, accountants face the annual challenge of collecting W-9s from contractorsa task often fraught with inefficiencies and missed deadlines. Keeper offers a seamless solution to simplify this process.

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Accounting Today

JANUARY 10, 2025

Weeks after Danish judges sentenced the hedge fund trader to 12 years in prison, the country's lawyers turned to a U.S. court to recoup about $500 million.

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Tax 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

FraudFiles

JANUARY 10, 2025

Hundreds of thousands of Americans get sucked into Multi-Level Marketing (MLM) companies each year. From Mary Kay to Amway to Herbalife to Avon, the list is seemingly endless. Each offers its own special spin on the products it sells, but the main focus of an MLM is on recruiting new members. (Warning: Theyll deny that [.

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Maine 52

Insightful Accountant

JANUARY 10, 2025

I.R.S. Free File opens today, Friday January 10, 2025. IRS Free File can only be started from the IRS Free File webpage at IRS.gov.

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Randal DeHart

JANUARY 10, 2025

It's amazing how some books stand the test of time. We usually refer to one of our most recommended, Stephen Covey's The 7 Habits of Highly Effective People, when we mentor our contractor clients and employees. Although it was first published three decades ago, its lessons are still incredibly relevant for business owners. You might wonder how these habits fit into today's landscape of changing trends, tight deadlines, and constant distractions.

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Wellers Accounting

JANUARY 10, 2025

Russell Flynn ACA explains how you can claim Research & Development (R&D) tax credits even if you've been awarded a grant.

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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

Going Concern

JANUARY 10, 2025

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.

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