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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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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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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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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More Trending

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Guide: 2025 Benefit Plan Limits and Thresholds

Withum

See What’s New For 2025 With 2024 coming to a close, the IRS recently released updated numbers for 2025 benefit plan limits. Download our 2025 Benefit Plan Limits and Thresholds guide for updated information on: 401(K) Plans Defined Benefit Plans Health & Welfare Plans Form 5500, 990, LM-2, W-2, and 1099 Filing Deadlines Download Guide Contact Us Learn how Withum can help.

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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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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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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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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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You Still Have Time To Nominate a ProAdvisor

Insightful Accountant

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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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App Aware: Stratafolio

Insightful Accountant

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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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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.