Accounting Today
JANUARY 3, 2025
Carvana was accused by short-seller Hindenburg Research of impropriety in a report alleging the auto retailer's subprime loan portfolio carries substantial risk.
Going Concern
JANUARY 3, 2025
Psst, take our 2025 Predictions for the Accounting Profession survey. To see 2024 survey results, check out this post. 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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
MyIRSRelief
JANUARY 3, 2025
Understanding and managing payroll taxes, particularly through Form 941, is a critical but often misunderstood part of running a business. This form, which employers must file quarterly, reports withheld income taxes, as well as Social Security and Medicare taxes for employees. Yet, even a minor error in this process can lead to significant financial and legal consequences.
CPA Practice
JANUARY 3, 2025
Biden announced his formal decision on Friday after the case was referred to him by a U.S. security review panel, ahead of a deadline early next week.
Speaker: Dave Sackett
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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.
Accounting Today
JANUARY 3, 2025
Grant Thornton Advisors LLC in the U.S. and Grant Thornton Ireland have combined, bringing together two members of the Grant Thornton International network.
CPA Practice
JANUARY 3, 2025
The Financial Accounting Standards Board published aninvitation to comment on Jan. 3 that gives stakeholders the opportunity to provide feedback on the board's future standard-setting agenda.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
JANUARY 3, 2025
The trend of southern states netting larger numbers of one-way U-Haul customers continued during 2024, with South Carolina topping the U-Haul Growth Index for the first time. Texas, North Carolina, Florida and Tennessee round out the five leading growth states.
Accounting Today
JANUARY 3, 2025
RSM welcomes 2025 class of partners and principals; CPAacademy.org honors 2024 Top Presenters; and more from across the profession.
CPA Practice
JANUARY 3, 2025
The top 30 accounting firm has expanded into the Chicago market after acquiring CPA firm KRD Ltd., which has offices in Chicago and Schaumburg, IL, as well as Burkett & Beattie, a CPA firm based in Libertyville, IL.
Patriot Software
JANUARY 3, 2025
When you own a small business, its important to have extra cash on hand to use for investing or paying your liabilities. But with money constantly coming in and going out, it can be difficult to monitor how much is leftover. Use a retained earnings formula to track how much your business has accumulated.
Speaker: Erroll Amacker
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
CPA Practice
JANUARY 3, 2025
Jan. 2 was a big day at top five accounting firm RSM US, as its new partner and principal class of 2025 was officially announced.
Accounting Today
JANUARY 3, 2025
The former U.S. Army sergeant shared strange similarities with a suspect in the Las Vegas terror attack, but the FBI says there is no link between them.
CPA Practice
JANUARY 3, 2025
Xeros U.S. small business customers will be able to pay their teams seamlesslywithin the Xero platform, giving them greater visibility into their finances and operations.
Accounting Today
JANUARY 3, 2025
The CFO role is becoming an increasingly vital position within corporations, with many now seeing it as a stepping stone to the CEO position.
Advertisement
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.
CPA Practice
JANUARY 3, 2025
Shamsud-Din Jabbar joined the Big Four firm in 2021, according to a statement from Deloitte, and was working as a senior solution specialist. He also had previously worked at EY after his service in the U.S. Army concluded.
FraudFiles
JANUARY 3, 2025
With the challenging economy were experiencing, people are constantly asking me how business is going. The assumption is that people and companies dont have money for litigation, and so my business is probably suffering. Add to that the long-term shutdown of various courts, and youd think that business would be slow. But Ive been doing [.
CPA Practice
JANUARY 3, 2025
The company said this gives companies a secure, near-instant alternative to compensate contract talent in the way that suits them best while Remote maintains compliance at home and abroad.
Accounting Today
JANUARY 3, 2025
The traditionally static field of auditing is on the edge of an industry-changing transformation, thanks to artificial intelligence.
Speaker: Anna Tiomina, MBA
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?
CPA Practice
JANUARY 3, 2025
The new platform of roughly 12,000 professionals will include a united Trans-Atlantic advisory and tax practice, as well as independent audit practices.
Randal DeHart
JANUARY 3, 2025
We are witnessing a remarkable transformation driven by Artificial Intelligence (AI) and automation. While these advancements promise to enhance efficiency and speed, business owners must recognize the enduring importance of soft skills in their teams for long-term success and competitiveness. The construction industry has also experienced a significant transformation in recent years, driven by technological advancements.
CPA Practice
JANUARY 3, 2025
Under the new rules, the PCAOB can address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to remain registered, as demonstrated by its failures to file annual reports viaPCAOB Form 2 and pay annual fees for at least two consecutive reporting years.
Accounting Today
JANUARY 3, 2025
President-elect Donald Trump has announced members of his senior leadership team at the Treasury Department, who'll work alongside Scott Bessent, his pick for secretary.
Advertisement
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.
CPA Practice
JANUARY 3, 2025
Kies, a longtime Republican lobbyist, will be assistant secretary for tax policy, placing him as a point person at Treasury working on tax cuts Trump has touted as a signature policy issue for 2025.
Accounting Today
JANUARY 3, 2025
President-elect Donald Trump's threat to eliminate tax credits for electric vehicles likely gave plug-in cars a much-needed boost after a disappointing year.
Expert insights. Personalized for you.
40 
Let's personalize your content