Wed.Dec 18, 2024

article thumbnail

Accountants Guide to Integrating a CRM

Canopy Accounting

Client relationship management (CRM) software helps companies across different industries manage their client connections and communication, enabling businesses to provide the best user experience.

Account 52
article thumbnail

The 2024 Top 100 People: Work-life balance — myth or reality?

Accounting Today

The profession's most influential ponder whether personal and professional commitments can exist in harmony.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

All I Want for the Holidays Is…. A Tax Provision Specialist

Withum

The end of the year is a busy time for many of us. Preparing for the upcoming holidays, spending time with family and friends, and planning for the New Year take a lot of time and commitment. Countless to-do lists and responsibilities at home and work make the most wonderful time of the year more stressful than it needs to be. Finance teams planning for their year-end financial statement audit have an even longer list of things to think about at the end of the year, including income statements,

Tax 122
article thumbnail

IRS Urges Many Retirees to Make Required Withdrawals from Retirement Plans

Insightful Accountant

The Internal Revenue Service today reminded those aged 73 and older of the deadline to take required minimum distributions from individual retirement arrangements (IRAs) and other retirement plans.

105
105
article thumbnail

Building a Business Case for Finance Automation

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.

article thumbnail

Navigating IRS Form 8275: Key Takeaways from Fact Sheet 2024-32 on IRC Section 280E Disclosure Standards

Withum

On Thursday, December 12, 2024, the Internal Revenue Service (IRS) released a fact sheet addressing Form 8275 and the disclosure of tax positions related to IRC section 280E. Form 8275 is used by taxpayers to disclose positions taken on tax returns for which substantial authority does not exist. Substantial authority is defined as a tax return position that has more than a 40% chance of success based upon its merits.

article thumbnail

SEC approves PCAOB's 2025 budget

Accounting Today

The Public Company Accounting Oversight Board's 2025 budget totals $399.7 million, and the accounting support fee totals $374.9 million.

Account 105

More Trending

article thumbnail

2024 Top 100 People extra: Striking a balance

Accounting Today

As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "Do you feel you have work-life balance? If so, how have you achieved it?

article thumbnail

At a Glance: The Average American Household Budget

CPA Practice

The average U.S. household spends more than $70,000 on housing, meals, transportation, health care and more. How does your household compare?

article thumbnail

Is Overtime Taxed Differently Than Regular Wages?

Patriot Software

If you have nonexempt employees, you have to pay them overtime wages whenever they work overtime hours. In each pay period, you need to track employee time worked. Then, at the end of the pay period, you will calculate employee compensation. You will also have to withhold employment taxes.

Tax 95
article thumbnail

Crowe Launches Cyber Risk Management Solution

CPA Practice

The top 15 accounting firm and X-Analytics, a cyber risk decisioning application, announced Dec. 17 the launch of Crowe Cyber Economic Risk Analyzer.

article thumbnail

Fall In Love With the Month-End Close

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.

article thumbnail

AccountingDepartment.com Gears Up for its 11th Vistage ChairWorld

AccountingDepartment

We're happy to announce that AccountingDepartment.com is gearing up for its 11th Vistage ChairWorld event in January! As a proud National Sponsor for the last 11 years, this event holds a special place in our hearts, and we can't wait to reconnect with familiar faces and forge new connections in 2025.

77
article thumbnail

Largest Online CPE Conference for Accountants Underway Wednesday and Thursday

CPA Practice

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.

Account 80
article thumbnail

It's never too late for year-end tax planning

Accounting Today

Consider this host of strategies to help clients keep more of what they earn.

article thumbnail

SEC OKs PCAOB Budget for 2025

CPA Practice

The 2025 PCAOB budget totals $399.7 million, and the accounting support fee totals $374.9 million, of which $346.1 million will be assessed on public company issuers and $28.8 million will be assessed on registered broker-dealers.

Account 69
article thumbnail

Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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.

article thumbnail

Major AI players back Basis with $34 million

Accounting Today

AI accounting platform Basis received $34 million in Series A funding in a round led by Khosla Ventures which included former US Treasury Secretary Larry Summers plus officials from Google, OpenAI.

Account 75
article thumbnail

Data Confidence: The Key to Unlocking Strategic Growth in Finance

Accounting Insight

Why accurate, connected financial data drives business success The growing importance of data confidence in finance Accurate, real-time financial data has become essential to making sound decisions and driving strategic growth in the economic landscape of 2024. Yet, many finance leaders face significant challenges in achieving data confidence, due to outdated processes and fragmented systems.

Finance 52
article thumbnail

Top New Products 2025: Call for nominations

Accounting Today

Accounting Today is asking for submissions for its annual Top New Products list.

Account 72
article thumbnail

Is Your Income Statement Misleading You? LTM Delivers Deeper Insights

Basis 365

Why the Income Statement Should Be Viewed Using the Latest Twelve Months (LTM) In the world of financial reporting, convention often guides the format and frequency of the statements presented to management, investors, and other stakeholders. One such convention is presenting the income statement on a year-to-date (YTD) basis often using the calendar or fiscal year as the primary frame of reference.

article thumbnail

Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

article thumbnail

The Hard Truth About Hiring an Outsourced Accountant: What You Need to Know

IgniteSpot

Hiring an outsourced accountant is no doubt a game changer for your business, but before you take the plunge, there are a few things you should knowboth the good and the not-so-good. In this post, Ill share four major benefits of outsourcing your accounting, along with three potential downsides, so you can make an informed decision. Lets make sure this relationship is built to thrive, not flop.

Account 52
article thumbnail

Mr. Sikich Goes to Washington (Again)

Going Concern

PE-backed Sikich (IPA #28 with $363,765,824 in revenue) has made another big move that will bolster their growing federal practice, acquiring the federal contracts of Cherry Bekaert Advisory LLC supporting the US Patent and Trademark Office. The transaction will see six people from Cherry Bekaert’s team heading to Sikich. Separately, Cherry Managing Director Aurpon Bhattacharya will be joining Sikich as a principal.

article thumbnail

Shopify to 'depreciate' AvaTax for Shopify Plus April 30, 2025

Insightful Accountant

Shopify store users who have relied on Avalara for their sales tax calculations will need to switch to a new "Avalara for Shopify" integration prior to April 30, 2025.

Tax 52
article thumbnail

How to Work With a Virtual Assistant

Ryan Lazanis

Offshoring virtual assistants came with challenges. Learn how I tackled them and found success, even with no prior experience! The post How to Work With a Virtual Assistant appeared first on Future Firm.

article thumbnail

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.

article thumbnail

How To Acumatica - Amazon Returns, Exchanges and Refunds

Insightful Accountant

Enhancements to Acumatica have streamlined the import of returns, exchanges and refunds from a user's Amazon Store(s). A summary of the steps involves is outlined in this "How to" feature.

52
article thumbnail

M&A roundup: From Minnesota to Memphis

Accounting Today

Two Minnesota firms combine; Smith + Howard expands to Richmond; and more recent accounting mergers.

article thumbnail

QBO Tags Will No Longer Be Supported — And The Change Hits During Tax Season

Nancy McClelland, LLC

Did everyone get the memo? QuickBooks Online will no longer support tags, and they’re making the change one week before the S-Corp and Partnership tax deadline. While I appreciate the need for this kind of decision, I encourage Intuit to reconsider the timing of big changes so that they come between May and November. It’s not just tax pros that struggle with “busy season”… it’s also bookkeepers and CAS practices that have to tie out the annual financial statem

article thumbnail

Platform Accounting Group adds Illinois and Indiana firms

Accounting Today

The additions bring the total firms that have joined the Utah-based company this year to 12.

article thumbnail

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

article thumbnail

Sikich Introduces Virtual Chief AI Officer Service

CPA Practice

The Chicago-based professional services firm has launched its vCAIO service, a strategic solution providing organizations executive-level AI guidance without the overhead of a full-time hire.

52
article thumbnail

Breaking News: QBO to stop supporting 'Tags'

Insightful Accountant

As of March 8, 2025, QuickBooks Online will stop supporting the use of 'tags'. An option to migrate existing tags to custom fields will be made available in February of 2025.

article thumbnail

Jen Hamilton on the 6 Pillars of Success in an Accounting Firm

Canopy Accounting

In this episode of the Canopy Practice Success Podcast , host KC Brothers talks with Jen Hamilton, a former CPA turned Fractional COO. She shares her journey from traditional accounting to operational consulting, emphasizing the power of modern tools to boost productivity and elevate client service.

article thumbnail

Cash Flow Mastery Talk with Cash Flow Mike: 2025 Webinar Series

Insightful Accountant

Are you ready to master your cash flow and drive your business to new heights in 2025? Join Cash Flow Mike in his transformative webinar series, "Cash Flow Mastery Talk." Register once and youll be registered for all of the sessions.

52
article thumbnail

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.