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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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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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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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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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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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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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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More Trending

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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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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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Wolters Kluwer Adds Features to TeamMate+ to Enhance Internal Audits and Data Quality

CPA Practice

Wolters Kluwer, a provider of professional information, software solutions, and services, has announced two significant enhancements to its TeamMate+ audit management platform: Multi-Year Audit Planning and the Business Rules Engine. The new capabilities will enable internal audit teams to streamline planning, improve data accuracy, and enhance governance.

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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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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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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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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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CAS practices grow 17%

Accounting Today

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

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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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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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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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Murph's Payroll App Comparison is Today

Insightful Accountant

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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