Wed.Dec 18, 2024

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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
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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.

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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 93
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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 94
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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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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 83
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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?

Account 85

More Trending

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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 67
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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.

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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.

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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
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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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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.

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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
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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.

Account 52
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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.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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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 52
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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.

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M&A roundup: From Minnesota to Memphis

Accounting Today

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

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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.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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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

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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.

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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.

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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.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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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.

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Top New Products 2025: Call for nominations

Accounting Today

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

Account 52
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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.

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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?

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O'Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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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.

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Quadient Recognised in Two IDC MarketScape Reports for Accounts Receivable Automation Applications

Accounting Insight

Quadient named a Leader in IDC MarketScape Accounts Receivable Automation Application for small and mid-market, and a Major Player in AR Automation for the Enterprise Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, announced today it has been named a Leader in the IDC MarketScape: Worldwide Accounts Receivable Automation Applications for Small and Midmarket 2024 Vendor Assessment (doc #US52692224 December 2024).

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QuickBooks' AI makeover, and other tech stories you may have missed

Accounting Today

Plus, what Excel's CoPilot can do, the best industrial ERP solutions, and more.

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Why Few Tipped Restaurant Workers Will Likely Benefit From Trump’s Promise of No Tax on Tips

CPA Practice

While many workers hoped for tax-free tips, experts warn the proposal could disproportionately benefit higher earners and exacerbate inequalities in the service industry.

Tax 40
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Harness the Potential of Your Enterprise Knowledge

The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.