Wed.Dec 11, 2024

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Navigating the Hidden Costs of Business Decisions: The Crucial Role of Opportunity Cost

AccountingDepartment

In the dynamic world of entrepreneurship and business management, every decision you make can significantly impact your business's trajectory. Whether it's choosing between investing in new technology or expanding your product line, the choices are endless and often complex.

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The 2024 Top 100 People: The most vital issues in accounting

Accounting Today

Accounting's most influential outline the profession's biggest challenges.

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IRS Reminds Retirees of RMD Requirements by Year-End

CPA Practice

The Internal Revenue Service is reminding those aged 73 and older of the deadline to take required minimum distributions from individual retirement arrangements and other retirement plans, and highlighted updates introduced by the SECURE 2.0 Act. Required minimum distributions (RMDs) are amounts that many retirement plan and IRA account owners must withdraw annually.

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PCAOB sees signs of improvement in audit quality

Accounting Today

Auditing firms appear to be making headway on fixing some of the problems identified by the Public Company Accounting Oversight Board.

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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.

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Accepting Crypto Payments for Commerce

Withum

Crypto has continued to gain mainstream adoption in the global economy. Each day, more firms are considering the benefits of digital assets and the implementation of payments for their businesses. Offering cryptocurrency payment options may help firms gain a competitive advantage. Should You Integrate Cryptocurrency Payments? If you’re interested in integrating cryptocurrency payments, the guide below will help you make the right decision: Evaluating the Benefits Before diving into the com

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Wanted: Accountants in the classroom

Accounting Today

Accounting professionals with real-world experience can have an outsized impact on accounting students.

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More Trending

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Modernized e-File system slates shutdown for December

Accounting Today

IRS Business Modernized e-File system will partially and temporarily offline for maintenance just before the end of the year.

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Fintech Foundations That Scale

Shay CPA

As technology gets increasingly useful, most company founders are encouraged to think about their tech stacks even early on. Basically, your stack is the grouping of software solutions you use at your company. Its called a stack because, in an ideal world, those tools stack together to create a system that functions together to drive results at your business.

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Maximize tax benefits with year-end tax planning

Accounting Today

With changing tax regulations and incentives, staying informed about the latest updates is crucial for optimizing client outcomes.

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Market Valuation Techniques in the Cannabis Industry

Withum

The valuation of businesses associated with the cannabis industry offers valuation experts a myriad of opportunities. A multitude of challenges faced by industry operators present unique challenges for a valuation analyst. Valuations must carefully consider the economic, industry and specific company risks associated with the subject company. Industry-specific considerations include regulatory complexities that can vary on a state-by-state basis.

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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.

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CAS practices grow 17%

Accounting Today

The American Institute of CPAs and CPA.com released their 2024 CAS Benchmark Survey.

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AccountsIQ bolsters senior leadership team with CFO and CMO appointments

Accounting Insight

Today AccountsIQ , a leading provider of fully cloud-based accounting software, has announced new additions to its senior leadership team. James Hunter joins as its Chief Financial Officer, and Evan OShea has been appointed as Chief Marketing Officer. Hunter is a CFO with extensive experience setting up and running Finance Functions. A chartered accountant, he previously worked in PwCs Assurance department, followed by its Finance Managed Services team.

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Franklin Alliance offers PE alternative to small firms

Accounting Today

The Franklin Alliance, a venture capital-backed operating company, acquired Bement & Company, offering small firms an alternative way to scale outside of private equity.

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Research & Development (R&D) Tax Credits: What E-Commerce Companies Need to Know

Withum

The R&D tax credit is a tax incentive that encourages companies to invest in research and development activities in the United States. The credit is available to businesses that engage in qualifying R&D activities. Potentially Qualifying Activities While seemingly routine, many of the activities performed by e-commerce companies can qualify for the R&D tax credit.

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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.

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Springline Advisory adds HM&M and Clark, Raymond

Accounting Today

The private equity-backed firm invested in HM&M Advisory, based in Dallas, and Clark, Raymond & Company in Redmond, Washington.

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Cory Stewart named to Intuit ProAdvisor Council

DMCL

Were thrilled to announce that Cory Stewart, Senior Manager , has been appointed to the Intuit ProAdvisor Council. This recognition highlights Corys extensive expertise in accounting and his deep understanding of QuickBooks and cloud-based accounting solutions. The ProAdvisor Program, developed by Intuit, is designed to support accounting professionals globally by helping them accelerate growth and improve efficiency in their practices.

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Murph's Payroll App Comparison is Today

Insightful Accountant

At today's 'Be Insightful' Premium Content App Comparison, Murph will be reviewing fourteen Payroll Solutions that work with QuickBooks or Xero, as well as other general ledgers. You can still register for the 3:00 PM (Eastern) Webinar.

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Increasing Your Prices Without Changing Service Levels

Ryan Lazanis

Many firm owners struggle with raising prices for underpaying clients. Discover the challenges involved and how to overcome them. The post Increasing Your Prices Without Changing Service Levels appeared first on Future Firm.

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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.

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Certinia touts enhanced analytics, AI, automation in latest release

Accounting Today

Financial operations platform Certinia announced its latest release, featuring new enhancements to its professional cloud as well as bolstered AI, analytics and automation capacities.

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Including A Mutual Fulfillment of Responsibilities Paragraph in Your Contracts

Canopy Accounting

We're in a 3 part series on how to make our client agreements smarter. Our goal is to clarify our client agreements and better support the relationship we desire with our clients.

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2024 Top 100 People extra: AI, PE and other concerns

Accounting Today

As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What is the most important issue currently facing the accounting profession?

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Maximize Real Estate Depreciation Deduction with A Cost Segregation Study

Dent Moses

Cost segregation creates a unique opportunity for building owners to minimize taxable income by maximizing depreciation expense in the year or years following the purchase or development of a building. Cost segregation is a method of allocating building costs to components with a shorter depreciable life, which increases the depreciation deduction in the early years of owning the property.

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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.

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Macy's shares fall after profit hit by accounting error

Accounting Today

The retailer trimmed its profit outlook after concluding its investigation into an employee plot to hide millions of dollars in expenses.

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How collaboration with tax teams helps businesses succeed

ThomsonReuters

Traditionally, many corporate businesses have organized their KPIs, reporting and operations by title. Tax professionals and trade finance teams are often treated as separate functions, with separate responsibilities and goals. However, collaboration across all areas of financial reporting is vital in helping businesses navigate todays increasingly complex, globalized business environment.

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Ransomware Gang Says Deloitte Sucks at Their Job

Going Concern

Cybersecurity sites have been reporting that Deloitte UK’s been hacked by ransomware group Brain Cipher after the group claimed they’re in possession of a (compressed) terabyte of data from the King’s Green Dot. The r/consulting reaction to this news is golden: Let no one claim consultants aren’t funny. Anyhoo, as expected Deloitte has something to say about this and it’s “nuh uh!

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Beneficial Ownership Information: Updates for Skagit County Business Owners

SkagitCountyTaxServices

Were living in a historical moment: Procrastinating might have just worked to your advantage. While it goes against everything within me (and everything I encourage you toward in my writings), Im handing you procrastinators the win today. Congratulations. Just try not to let this become a habit. I discussed the basics of BOI reporting in a previous writing this year which covered the details you needed to know to avoid frightening non-compliance penalties.

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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

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Schellman Acquires Connor Consulting

CPA Practice

Schellman & Company, LLC , a provider of attestation and compliance services and a top 50 CPA firm, has announced the acquisition of INSYTE CPAs, LLC practice. As part of the transaction, INSYTEs clients and personnel will transition to Schellman. Their shared client-centric approach to delivering tailored solutions and best-in-class service serves as an excellent complement to the strategic fit between the two firms.

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Bessent to meet Senators as he preps for Treasury Secretary vote

Accounting Today

Republicans seek to pass sweeping legislation that renews Trump's 2017 tax overhaul and eliminates taxes on tips, overtime pay and Social Security benefits.

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Biden defends economic record, says Trump plans threaten growth

Accounting Today

President Joe Biden warned that Republican Donald Trump's plans to extend tax cuts and reshape global trade through tariffs risked reversing economic gains.

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