Tue.Dec 31, 2024

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Harnessing Data for Better Tax Projections

CPA Practice

Accurate projections arent just about staying compliant with the law. Theyre about giving clients the confidence to make smarter decisions.

Tax 115
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Future-Proofing Your Business: Why CFO Support Services Are Essential for Long-Term Success

AccountingDepartment

In an ever-evolving business landscape, anticipating and adapting to future challenges and opportunities is crucial for achieving long-term success. As companies strive to stay ahead, CFO support services have emerged as a vital component in future-proofing business operations. Providing expert financial guidance, strategic planning, and technological integration, these services play a pivotal role in ensuring stability and growth.

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New crypto regs will generate information deluge

Accounting Today

Experts expect 'scattershot, unhelpful reporting' of crypto assets and transactions for the first few years with the 1099-DA.

Tax 126
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Treasury Department Says it Was Breached by Chinese-Backed Hacker

CPA Practice

The hacker was able to remotely access certain Treasury workstations and certain unclassified documents maintained by those users, according to a letter the agency sent to Congress on Dec. 30.

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Forecasting Failures Are Costly: Here's How To Fix Them

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

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IRS finalizes regs for De-Fi tax reporting

Accounting Today

The Internal Revenue Service issued final regulations for sales and exchanges of digital assets on the new Form 1099-DA for decentralized finance brokers, along with transition relief.

Tax 115
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January's QB Talks: ProAdvisor Training Opportunities

Insightful Accountant

Murph and his guest co-host, Kim Noh, will discuss recent training opportunities that have arisen through Intuit.

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'Inventory/Manufacturing' App Survey

Insightful Accountant

Please tell us which of the apps in our short survey are your favorite Inventory/Manufacturing solutions that work with QuickBooks.

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If an accounting firm and a fintech had a baby.

Accounting Today

The result would be a digital prodigy, an advisory superstar, a born collaborator and much more.

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Happy New Year 2025

Insightful Accountant

As we say goodbye to 2024 we signal not just the end of this year, but the start of a new year.

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IRS gets John Doe summons for JustAnswer workers

Accounting Today

The Internal Revenue Service is looking for information on those paid by JustAnswer to serve as 'experts.

Tax 98
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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

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

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Being an Expert Witness in Criminal Defense Cases

FraudFiles

Defendants in criminal cases such as tax fraud, money laundering, or embezzlement often need forensic accountants to help evaluate complex financial situations. Should you provide expert witness services to criminal defendants? Tracy discusses the work and some of the issues that should be considered.

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IRS silence allows investors to exploit ETF loophole, study finds

Accounting Today

The tax-efficient, low-cost funds may have an even greater advantage over traditional mutual funds due to the IRS's lack of a definition for "substantially identical" securities.

Tax 64
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Professionals on the Move – Year-End 2024

CPA Practice

Professionals on the move is a recap of recent promotions, hiring, and other staffing announcements from across the profession.

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AI-powered audit analytics offer value for auditors and clients

Accounting Today

While artificial intelligence has intrigued humans for centuries, it was not until the past few years that AI has undergone explosive growth in every field.

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Book of Secrets on the Month-End Close

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.

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CPE Webcast – Jan. 14, 2025: Amended Returns in Drake Software

CPA Practice

This webinar is designed for accountants using QuickBooks, Xero, or similar accounting software. Learn how Avalara integrates seamlessly with your existing tech stack, saving time, reducing costly errors, and hear firsthand from a firm that has supported clients through their tax compliance journey. Plus, earn CPE credit!

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QuickBooks Online Accountant now has call summaries, live cleanup

Accounting Today

Intuit announced that QuickBooks Live Accountant will now support call summaries and live cleanup features.

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BOI Reporting Injunction Reinstated Again – Enforcement Paused

Dent Moses

The Fifth Circuit Court of Appeals reinstated the CTA injunction on December 26 th. This follows a reinstatement of the CTA filing deadline on December 23 rd. So, as of December 26 th , the filing requirement is on hold. The following alert was issued by FinCEN via their website: In light of a recent federal court order,reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains

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Tech for T&E can transform client management

Accounting Today

In the realm of client accounting services, improvements in one area travel and expense management can have an outsized effect on maximizing efficiency for firms.

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How To Break Digital Transformation Barriers And Accelerate AI Adoption

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?

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In the blogs: Meltdown mode

Accounting Today

Foreshadowing TCJA talk; BOI ping-pong; rightful claims; and other highlights from our favorite tax bloggers.

Tax 52
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ADM shareholder calls for CEO to leave as probe drags on

Accounting Today

It's been almost a year since Archer-Daniels-Midland Co. disclosed a probe into its accounting practices that wiped out $12 billion from one of the world's largest agricultural commodities traders.