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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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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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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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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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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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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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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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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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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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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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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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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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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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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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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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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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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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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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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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 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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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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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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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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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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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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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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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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New Software & You: Elevating Your Tech Stack

Speaker: Joe Wroblewski, Senior Sales Engineer

Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!

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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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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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Federal Court Blocks Enforcement of Corporate Transparency Act and BOI

CPA Practice

A new federal law that would require most LLCs, corporations and partnerships to file disclosures with the Treasury Department, including Beneficial Ownership Information, has been halted by a Texas federal judge. The injunction applies nationwide to all businesses. On December 3, the United States District Court for the Eastern District of Texas issued an injunction that temporarily blocks enforcement of the Corporate Transparency Act, and thereby suspending its requirement that LLCs, corporati

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Baseball Hall of Fame Candidate Reflections

Withum

The newest class of candidates for baseball’s hallowed Hall of Fame was recently announced. I have seen them all play and am familiar with some more than others, but four stand out in my memory. Three of them were Yankees, and one was a great adversary of the Yankees. Curtis Granderson He played on several teams, including the Yankees and the Mets, and is the only player to hit 30 home runs while on both teams.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.