Thu.Dec 05, 2024

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Capital vs. control: PE's impact on CPA firms

Accounting Today

Accounting firms see private-equity funding as a welcome resource for further expansion, but many professionals wonder what the true cost of the money is.

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Holiday cyber shopping can ignite sales tax obligations

TaxConnex

The explosion of online holiday shopping in and around Thanksgiving has evolved beyond conversational. It’s now expected – and getting bigger every year. Online retail ruled Black Friday , Nov. 29, this year, even as in-person shopping dropped slightly. Adobe Analytics reported $10.8 billion in U.S. online sales on Black Friday, up 10.2% over last year – a record amount of spending on that day of the calendar.

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CPA Business Execs’ Optimism About the Economy is Soaring Post-Election, AICPA Says

CPA Practice

Following the November presidential election, CPA business leaders have a much more positive outlook about the U.S. economy and their own organizations for the next 12 months, according to the fourth-quarter AICPA & CIMA Economic Outlook Survey. The quarterly survey includes 273 qualified responses from CPAs and Chartered Global Management Accountants (CGMAs) who hold leadership positions, such as CFO or controller, in their companies.

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Judge halts CTA and BOI reporting enforcement

Accounting Today

A federal district court has issued a preliminary injunction to prevent the government from enforcing the Corporate Transparency Act.

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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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Accounts Receivable Days to Accelerate Cash Flow

Summit CPA

Is your service-based business experiencing inconsistent cash flow that is hard to forecast ? Your accounts receivable days might be to blame. Whether you don’t yet have payment terms or aren’t consistently following up on unpaid invoices, not receiving cash on time can cause unwanted side effects.

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Partnerships get options for fixing tax errors

Accounting Today

Partnerships have ways to correct errors on the returns they've filed to avoid closer scrutiny.

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Black Friday stress-tests sales tax solutions

Accounting Today

But last weekend was just the beginning: Retailers need help for the rest of the year, too.

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Why Your Business is Failing to Save Money: The Harsh Truth About Entrepreneurial Finances

IgniteSpot

As a business owner, its easy to focus on growth and the hustle. But if youre finding that your businesss cash balance is smaller than youd like, it might not just be the economyit could be your spending habits. Lets dive into why your business is struggling to save money and, more importantly, what you can do about it right now.

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Senate panel approves nomination of TIGTA head

Accounting Today

The Senate Finance Committee voted along party lines to approve the nomination of David Samuel Johnson as the next Treasury Inspector General for Tax Administration.

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Why CFO Support Services Are Essential for SMBs in 2025

AccountingDepartment

In 2025, small and medium-sized businesses (SMBs) face a rapidly changing economic landscape. From navigating inflation and supply chain disruptions to adopting new technologies and meeting rising customer expectations, business owners have a lot on their plates.

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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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PCAOB finds audit firm culture impacts quality

Accounting Today

The Public Company Accounting Oversight Board is also offering insights on improving audit committee communications and a video on the new confirmation standard.

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Dean Dorton Picks Up Shilts CPA in Florida

CPA Practice

Top 100 accounting firm Dean Dorton is expanding its specialized forensic accounting and valuation services for clients after bringing aboard Shilts CPA, a forensic accounting and valuation firm based in Jacksonville, FL, on Dec. 1. Financial terms of the deal weren’t disclosed. Josh Shilts, founder and CEO of Shilts CPA, is now a director in Dean Dorton’s Valuation and Forensic Services practice.

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6 strategies to help clients improve cash flow in 2025

Accounting Today

It's in your best interest to help your clients receive their payments faster and reevaluate spending.

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Top Remote Accountants of the Week | December 5, 2024

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.

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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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IRS calls for new ETAAC members

Accounting Today

The Electronic Tax Administration Advisory Committee is a forum for issues in electronic tax administration, such as ID theft and refund fraud.

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How to improve your tax research process

ThomsonReuters

As a tax and accounting professional, you understand tax research and staying current with new developments can be time-consuming, especially in todays ever-changing legislative and regulatory environment. In fact, state legislatures have found that keeping pace with the changes and complexity of tax laws continues to be a top concern for most CPA firms.

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Tax Fraud Blotter: 'Ship em out

Accounting Today

Brace yourself; more Ultimate crimes; good enough; and other highlights of recent tax cases.

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The Use of Digital Forensics in Fraud Investigations

Withum

Today, most financial data and records exist in electronic form, and while this digital transformation offers benefits for businesses in terms of efficiency and productivity, it also creates another layer of evidence that must be properly examined when performing any type of forensic investigation. At Withum, our Digital Forensics/eDiscovery and Forensic and Valuation Services teams blend their talents to provide a unique service to clients.

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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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Pathways to Growth: Complexity, speed, constant pivots

Accounting Today

As you plan for 2025 and beyond, attack your strategic plan in a more open, creative way than in the past.

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Understanding the Differences: Provisional Billing Rates, Forward Pricing Rates, and Predetermined Rates

Withum

In government contracting, understanding the various types of indirect cost rates used for pricing and billing is crucial. Why? By establishing indirect rates, contractors are equipped to calculate the total cost of contract performance. Additionally, federal contractors are also able to determine how much of their indirect costs (G&A, overhead, etc.) can be recovered.

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Payroll Integrations Automates SECURE 2.0 Compliance in Minutes

CPA Practice

Payroll Integrations , the technology company that’s reimagining how employers support employees’ financial well-being through benefit automation, has announced its work with U.S. employers to expedite their compliance with the SECURE 2.0 Act. The company’s platform prepares companies for compliance with the new 2025 requirements under SECURE 2.0, including auto-enrollment in new retirement plans.

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Copilot Agents: Create the Perfect Agent for You

Withum

Microsoft has pushed Copilot Agents to the Business Chat areas of Copilot (e.g., Teams Chat and Office.com). This feature enables every Copilot license holder to create personalized agents, making Copilot even more adaptable to individual requirements. These agents can be shared within an organization, fostering collaboration and enhancing productivity.

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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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Combating Loneliness in Modern Tax Practices

Insightful Accountant

The challenge of workplace loneliness hits particularly hard in tax practices, where remote work and intense seasonal pressures can strain team connections.

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Fraud in a Family Business

FraudFiles

Trust is inherent in any good business. We continuously place trust in our employees and in those with whom we do business. But that trust which is so necessary to the operation of a business is also the impetus for thieves to profit. It is unfortunate that fraud occurs when and where you least expect [.

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The Many Essential Ways in Which An M&A Tax Practitioner Contributes to a Successful Transaction

Withum

There are various types of tax professionals who practice in the M&A space. An obvious one is a tax lawyer who can weave both tax and non-tax issues together to produce a tax-efficient transaction. That skill, no doubt, is invaluable, in as much as weaving together even a couple provisions, let alone scores, of the Code, is daunting, and incurring a large tax bill can dampen the appeal of selling a business.

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Strengthening tax solutions: The power of Thomson Reuters Partnerships & Alliances

ThomsonReuters

← Blog home At Thomson Reuters, we’re known for our trusted AI, advanced technology, and deep expertise across legal, tax, and compliance. But we don’t stop there. Through our Partnerships & Alliances Program , we have built a thriving ecosystem of world-class partnerships, offering professionals like you a unique opportunity to harness our mutual strengths, capabilities, and resources to better navigate today’s complex landscape.

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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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Estate planning for the Land Back Movement is here — it's complicated

Accounting Today

Bequests returning territorial assets to indigenous nations pose thorny questions for financial advisors and their clients, two experts tell FP.

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Pre-packed administrations: How to protect against a second loss

Menzies

Menzies LLP - A leading chartered accountancy firm. It can be concerning when a company that owes you money is placed into Administration. But receiving a proposal explaining that a pre-packaged sale of the customer’s business has taken place raises the question; should they continue trading with the new entity? Trade creditors usually find out that a customer has entered into Administration upon receiving a letter and set of proposals.

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Tipalti Adds Solution for Canadian Businesses

CPA Practice

Tipalti has announced the launch of its localized solution for the Canadian market and registration as a money services business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), marking a significant milestone in its international expansion. Since establishing a presence in Canada with its Vancouver office in 2020 and its Toronto office in 2022to support its US headquarters, Tipalti has grown its Canadian workforce to over 300 employees and serves more than

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Enron is Back, You Guys

Going Concern

On Monday, the 23rd anniversary of Enron filing for chapter 11 bankruptcy, the Houston Chronicle ran a story about every accounting professor’s favorite cautionary tale making a grand return to the American business ecosystem. Hey, Arthur Andersen is still doing tax work (and by all accounts they’re doing quite well), why not. Twenty-three years after Enron declared bankruptcy, the infamous Houston-based energy company appears to be making a return.

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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.