Accounting Today

JANUARY 22, 2025

Charles Hoffman believes the accounting industry is poised for a major shift toward machine-understandable artifacts and semantic knowledge graphs.

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Going Concern

JANUARY 22, 2025

The US Attorney’s Office of Middle District of Tennessee put out this press release the other day, just your everyday average fraud accusation. A federal indictment unsealed today charges Jason Alexander Jerkins, 36, of Franklin, Tennessee, with wire fraud, money laundering and tax fraud, announced Acting United States Attorney for the Middle District of Tennessee Robert E.

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Accounting Today

JANUARY 22, 2025

More states are expected to simplify their sales tax laws and leverage artificial intelligence for doing tax audits, according to a new report from Avalara.

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GrowthForceBlog

JANUARY 22, 2025

8 min read January 21st, 2024 Every nonprofit leader has a duty to be a responsible, honest, and trustworthy steward of their financial resources. Key Takeaways Foster Financial Transparency: The need for financial transparency in a nonprofit is paramount. Not only does financial transparency support and strengthen donor trust, but it also creates accountability.

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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 automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Finance

Accounting Today

JANUARY 22, 2025

Lawmakers in the House and Senate reintroduced bipartisan legislation backed by the AICPA to provide faster filing relief to taxpayers hit by natural disasters.

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CTP

JANUARY 22, 2025

Rising health care costs are becoming a financial obstacle for many retirees. The Fidelity Retiree Health Care Cost Estimate found that the average 65-year-old retiree will need about $165,000 to cover their total health care expenses. What if you could save for these necessary expenses and lower your tax liability at the same time? Many taxpayers may be eligible for savings vessels, such as health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements

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Xero

JANUARY 22, 2025

While its often referred to as self assessment season we know in reality most of you spend 10 months of the year preparing for the 31 January deadline. However, theres always that last minute rush of chasing missing data from clients which makes January a stressful time. We recently teamed up with Accounting Web to put together a special report with some helpful tips for making self assessment season less stressful and more efficient.

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Accounting Today

JANUARY 22, 2025

FinQuery announced the appointment of Joe Schab as CEO, George Azih as executive chairman and Justin Smith as COO.

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CTP

JANUARY 22, 2025

Saving for retirement is one arena where tax planners can provide value to their clients. Even your financially savvy clients may not be aware of the strategies they can use to increase the amount of money available during retirement and decrease the amount lost to taxes. One underutilized strategy is to leverage health care savings tools. According to the Fidelity Retiree Health Care Cost Estimate, the average 65-year-old will need about $165,000 to cover health care expenses during retirement.

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Shay CPA

JANUARY 22, 2025

Running any business comes with a small mountain of paperwork. Theres all the documentation you need to file at founding. You need to manage your annual filings with the IRS and applicable state tax authorities. You need to periodically renew registrations, licenses, etc. And now, to top it all off, businesses might have another piece of paperwork to deal with: the beneficial ownership information (BOI) filing.

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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

Canopy Accounting

JANUARY 22, 2025

Rusty Fulling, founder of Fulling Management and Accounting, joins us on this episode to discuss his journey of building a thriving firm. Rusty shares candid lessons from his 25-year career, from the challenges of managing culture in a remote environment to the power of core values. If youre leading a virtual team or looking for ways to grow your firm, this episode is packed with insights you won't want to miss.

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Reckon

JANUARY 22, 2025

Its a new year for businesses across Australia, and you may be looking to jump-start the engine that once ran smoothly in 2024. With 12 months ahead of you, the best way to get underway is through proper planning with a roadmap. For any roadmap, it is important to have clear and achievable goals for your business, with key dates and goals that will motivate you for the year ahead.

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Withum

JANUARY 22, 2025

On January 6, 2025, the Pension Benefit Guaranty Corporation issued Technical Update 25-1, lending guidance on the timing of premium payments for all 2025 Plan Years. Per Section 502 of the Bipartisan Budget Act of 2015 , the premium filing due date for all plans is the 15 th day of the ninth calendar month that begins on or after the first day of the plan year.

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Insightful Accountant

JANUARY 22, 2025

Murph takes you through the steps to create and use tasks for project tracking in Intuit Enterprise Suite.

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Speaker: Jennifer Hill

Payroll compliance is a cornerstone of business success, yet for small and midsize businesses, it’s becoming increasingly challenging to navigate the ever-evolving landscape of federal, state, and local regulations. Mistakes can lead to costly penalties and operational disruptions, making it essential to adopt advanced solutions that ensure accuracy and efficiency.

payroll

Ryan Lazanis

JANUARY 22, 2025

Discover how I built my Xen Accounting team who I hired first, why I chose them, and how my team evolved before I sold my firm. The post What My Team Looked Like (From Scratch to Sale) appeared first on Future Firm.

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CPA Practice

JANUARY 22, 2025

The Financial Accounting Standards Board published aproposed Accounting Standards Update on Jan. 22 focused on targeted improvements to theFASB Accounting Standards Codification.

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IgniteSpot

JANUARY 22, 2025

Whether youre considering an in-house hire or an outsourced firm like Ignite Spot, these 10 questions will help you find the best fit for your business.

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Accounting Today

JANUARY 22, 2025

A client's immediate health needs make saving their accounts until they're 65 or over a difficult endeavor, and the accounts carry some highly specific rules.

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Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Finance

Insightful Accountant

JANUARY 22, 2025

Xero recently revealed a new tagline reflecting a deeper commitment to customer success and growth.

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Accounting Today

JANUARY 22, 2025

Spend management solution provider Ramp announced the release of Ramp Treasury, which can act as a business or investment account for users.

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CPA Practice

JANUARY 22, 2025

The Senators also claimed Bessent, ". avoided paying nearly $1 million in Medicare taxes on your hedge fund earnings over the course of three years by reporting on your tax returns that you were a limited partner.

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Withum

JANUARY 22, 2025

As businesses continue to explore AI integration, it’s crucial to prioritize key business areas that will enhance overall business resilience, improve efficiency and ensure robust data protection. In this post, well explore four critical business strategies that businesses should focus on to navigate these changes effectively. 4 Key Business Strategies 1.

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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.

CPA

CPA Practice

JANUARY 22, 2025

CPAClub Coach is an AI-powered advisor combined with live CPA expertise. Designed to bridge the talent gap in accounting, CPAClub Coach integrates artificial intelligence with live expert support, offering members personalized coaching and timely, standards-based guidance on both accounting and audit-related questions.

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LSLCPAs

JANUARY 22, 2025

Local governments face financial risks every day, from overreliance on a single industry to unexpected natural disasters. These risks, often hidden in plain sight, have long lacked formal disclosure requirementsuntil now. GASB 102: Certain Risk Disclosures is the latest initiative from the Governmental Accounting Standards Board (GASB) to bring transparency to these vulnerabilities.

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Insightful Accountant

JANUARY 22, 2025

The IRS issued guidance on the income and employment tax treatment of contributions and benefits paid in certain situations under a state paid family and medical leave program, as well as the related reporting requirements.

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Accounting Insight

JANUARY 22, 2025

Caseware , a global leader in cloud-enabled audit, financial reporting and data analytics solutions, today announced the acquisition of Extractly.ai , the provider of intelligent document processing solutions that streamline the audit process for accounting and finance teams. Founded in 2021, Extractly.ai offers solutions that understand and process accounting and financial documents, delivering actionable results and enabling automated workflows.

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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

Spend Management

Insightful Accountant

JANUARY 22, 2025

As we enter 2025, the accounting profession stands at a pivotal crossroads. The fundamental shift from an attention economy to a trust economy is revolutionizing how successful accounting firms must approach business development.

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CPA Practice

JANUARY 22, 2025

Successful uptake of new technology is a matter of emotions and with 4 in 5 companies saying theyre failing to capitalize on its potential, managers need to know how to deal with them, say researchers from Aalto University.

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Withum

JANUARY 22, 2025

I find the following information interesting and informative and put them in charts for easy viewing. Some charts start with 1990, some with 2000 and one with 2001 and they all go through the end of 2024. I prepared the charts, but the underlying data came from multipl which has a ton of additional information and statistics, and I recommend checking it out.

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CPA Practice

JANUARY 22, 2025

In today's rapidly evolving tech landscape, accounting firms face a critical decision: begin strategically embracing AI, or risk falling behind competitors.

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