CPA Practice
DECEMBER 19, 2024
The festivity of December is replaced all too quickly by the due dates of January, when the bills from holiday spending and travel arrive. This kind of financial hangover can make the start of the year a little less joyful, but there are ways to prevent it.
Acterys
DECEMBER 19, 2024
Without a clear understanding of what your workforce is capable of today, planning for tomorrow becomes a guessing game. This is where workforce analysis becomes a game-changer transforming vague assumptions into informed decisions. Yet Gartner research reveals that only 8% of organizations have reliable data on the skills their workforce currently possesses and those that drive business success.
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GrowthForceBlog
DECEMBER 19, 2024
7 min read December 18th, 2024 The process of closing out financial records is complex, and there are lots of places where nonprofit financial mistakes can occur. However, your final financial reports and records must be accurate and compliant. Key Takeaways 5 Common Year-End Financial Reporting Mistakes Nonprofits Should Avoid: In addition to recognizing pledged contributions at the correct time, nonprofits must also separate the revenue they receive into distinct categories.
Withum
DECEMBER 19, 2024
Many changes in technology over the past 30 years have affected how background investigations are conducted. Numerous types of documents, including, but not limited to, court records, bankruptcy filings, real estate records, employment histories, corporate filings, and professional licenses, are now available online or through proprietary databases.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
ThomsonReuters
DECEMBER 19, 2024
Jump to Automating digital asset compliance workflows What can cryptocurrency tax software do? Strategic digital asset reporting implementation for tax professionals Act now and gain a competitive edge The tax landscape is evolving rapidly, especially with the emergence of digital assets like cryptocurrencies. As part of this evolution, the IRS has introduced new digital asset reporting regulations.
Accounting Today
DECEMBER 19, 2024
The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Withum
DECEMBER 19, 2024
The manufacturing world is buzzing with artificial intelligence success stories, at least if vendors are to be believed. Industry publications overflow with tales of AI-powered predictive maintenance saving millions, computer vision systems achieving substantial quality control improvements, and smart AIs optimizing entire factory floors. Yet beneath this enthusiastic narrative lies a more sobering reality: many manufacturers are struggling with the basics of digital transformation.
Accounting Today
DECEMBER 19, 2024
The IRS and its partners shared a half-dozen ways to safeguard your firm and your clients during National Tax Security Awareness Week.
CPA Practice
DECEMBER 19, 2024
The event is free for professionals, thanks to the sponsorship of several leading accounting and tax technology providers. All sessions are NASBA certified for CPE credit, and some sessions are IRS certified for CE credit.
Accounting Today
DECEMBER 19, 2024
The IRS declined to commit to expanding its Direct File free tax preparation program nationwide in response to a report from the GAO amid GOP opposition.
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.
ThomsonReuters
DECEMBER 19, 2024
Blog home As audit firms prepare for the upcoming season, peer review challenges remain at the forefront. Changes in standards, increased regulatory scrutiny, and advancements in audit technologies are shaping the landscape and leaving firms wondering how they can stay ahead. To address these concerns, weve compiled insight on the new peer review standards alongside actionable strategies so your firm can approach the year ahead with confidence.
Accounting Today
DECEMBER 19, 2024
Next year is set to become one of the most significant in modern history when it comes to shaping the tax and financial planning environment.
CPA Practice
DECEMBER 19, 2024
The optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.
Accounting Today
DECEMBER 19, 2024
Tax pros don't expect big changes for the coming filing season but they're already worrying about the one after that
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
Insightful Accountant
DECEMBER 19, 2024
InsureTax, is a Lloyd's agent, offering the first-ever Tax Audit Insurance solution tailored for small businesses (SMBs). This solution is very different than other solutions you think can protect you in the event of a tax return audit.
Accounting Today
DECEMBER 19, 2024
Expatriate advocacy groups are applauding legislation introduced this week that would implement a residence-based taxation system for U.S. citizens living overseas.
Insightful Accountant
DECEMBER 19, 2024
With the 2025 filing season quickly approaching, the Internal Revenue Service encouraged taxpayers to take key steps now to prepare for filing their 2024 federal income tax returns next year.
Accounting Today
DECEMBER 19, 2024
The Financial Accounting Foundation report found the Private Company Council has been performing its duties effectively and should continue to operate.
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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 Accounting
DECEMBER 19, 2024
Client relationship management (CRM) software helps businesses across all industries manage client communications throughout the service lifecycle. Small-to-medium-sized businesses (SMBs), especially, will seek out free options to get the basic necessities from a well-regarded platform.
Accounting Today
DECEMBER 19, 2024
The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.
CPA Practice
DECEMBER 19, 2024
Thursday's free CPE session topics begin at 9am ET, and include Secure Act 2.0 effects on retirement, CAS, business license management, firm strategies, tax resolution, firm staffing, and marketing. Day two sessions start at 9am ET.
Accounting Today
DECEMBER 19, 2024
The asset sales carry complexity requiring careful thought and expert advice, but they could prove beneficial to some wirehouse breakaways or RIA succession plans.
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?
Menzies
DECEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. Digital transformation is changing how hospitality and leisure businesses operate. By adopting new technologies, digital transformation can help businesses with the following: Streamlining operational processes and systems Enhancing operational efficiency Reduce risk Improving data security Deliver inaccurate and timely reporting Maximising engagement with customers and improve the overall customer experience This article explores the key chall
Accounting Today
DECEMBER 19, 2024
Chicago's Sikich announced the launch of a new virtual chief AI officer service, giving organizations executive level oversight of AI initiatives without committing to a full time hire.
RogerRossmeisl
DECEMBER 19, 2024
Good news for small businesses: The deadline for filing Beneficial Ownership Information (BOI) reports might be extended by a year. The House of Representatives has proposed a continuing resolution that includes this extension, pushing the deadline from January 1, 2025, to January 1, 2026, for companies formed or registered before January 1, 2024. This 1,500-page funding bill, aimed at preventing a government shutdown by extending funding through to March 14, 2025, is up for a vote soon.
Accounting Today
DECEMBER 19, 2024
The spending plan comes after contentious talks between the administration and aldermen over how to close a nearly $1 billion deficit with higher taxes or cuts.
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Going Concern
DECEMBER 19, 2024
It’s official, revenue season for global Big 4 firms has come to a close. And it wasn’t a particularly great year for any of them as they continued to struggle with low demand for consulting services and low attrition keeping their salary costs higher than they’d like. Alright, KPMG, let’s see what you got. KPMG International announces annual globally aggregated revenues for KPMG firms of US$38.4 billion for the year ended 30 September 2024 (FY24) an increase of 5.1% in
SkagitCountyTaxServices
DECEMBER 19, 2024
Raise your hand if you feel like youre living through a sales tax nightmare as were in the post-Black Friday and pre-Christmas window of chaos. (While I cant see your raised hand, I can certainly feel it.) Which only makes sense: You have to pay attention to a lot of details, all while handling an atypical volume of sales. Stress and mistakes are inevitable.
Summit CPA
DECEMBER 19, 2024
Learning to manage your team effectively is crucial to your success as a business owner. Successfully overseeing team operations helps ensure that your company provides outstanding service to your clients and happy clients often translate into business longevity. Learning how to manage your staff effectively may include implementing different practices, from establishing beneficial communication strategies to regularly checking in on your team to address problems or concerns before they become l
Menzies
DECEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. In a recent study undertaken by the UK Warehousing Association, the warehousing sector possesses approximately a third of all commercial roof space and whilst the take up of solar panel installations in the sector have been slow, this is now starting to increase and gain momentum. By 2030, non-domestic minimum expected energy standards (MEES) will require all non-domestic private rented properties to have an EPC level of at least level B, with
Speaker: Joe Wroblewski, Senior Sales Engineer
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!
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