Thu.Jan 09, 2025

article thumbnail

Top 5 Trends Impacting Accounting in 2025

Accounting Seed

The accounting landscape continues to evolve at a rapid pace with emerging technologies, shifting workforce dynamics, and new operational demandsall of which impact the way accounting teams operate, and businesses achieve growth goals. Based on the data found in the Office of the CFO reports from Piper Sandler , weve compiled the top trends shaping the future of accounting that organizations must embrace to stay competitive: 1.

article thumbnail

Big 4 Firms Fight Against Metrics That Would Reveal the Workloads Behind the Curtain

Going Concern

While the AICPA and large accounting firms have begged urged the SEC not to approve the PCAOB Firm and Engagement Metrics rule (PCAOB-2024-06) approved by the PCAOB on November 21, 2024, at least one person would like to see the added transparency this rule could provide and he’ll explain why in a comment letter we’ll discuss below. As a refresher, this rule requires reporting of metrics at both the firm and the engagement levels.

audit 125
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Maximizing Profit Opportunities with Strategic Financial Forecasting

AccountingDepartment

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

article thumbnail

The cost of statutory reporting errors and the need for ESG integration

ThomsonReuters

Blog home In the high-stakes world of business, accurate statutory reporting is crucial to avoid potential financial and reputational consequences. Surprisingly, statutory reporting processes are often overlooked or neglected in organizational improvement initiatives, even though they are recognized as a critical business need. As regulatory scrutiny tightens, even minor mistakes can lead to costly pitfalls.

article thumbnail

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 Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty.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.

article thumbnail

FREE Accounting Education Webinars — January 2025

Nancy McClelland, LLC

A few too-good-to-miss free resources have come through my inbox and socials recently, and I wanted to make sure to share the goodness with yall. Velocity 2025 – Virtual Annual Planning Retreat by Justine Lackey Date: Tuesday, January 10th Time: 12:30-4 pm EST Whats the disconnect between dreaming big and actually making it happen? You need a clearly articulated vision.

article thumbnail

BDO USA Adds Blue Beyond Consulting in California

CPA Practice

The top 10 accounting firm said Thursday it will be adding 48 professionals to its management consulting practice from Blue Beyond Consulting, a San Francisco-based firm focused on the people side of business, in a merger that is expected to close on March 1.

More Trending

article thumbnail

Top Remote Accountants of the Week | January 9, 2025

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.

article thumbnail

The best and worst states for sales taxes

Accounting Today

Data from the Tax Foundation's 2025 State Tax Competitiveness Index ranked which states compete on sales and excise taxes, and which don't.

Sales 119
article thumbnail

2025 Tax Refunds: When Can You Get Your Refund? Date Estimate

CPA Practice

Everybody hates the IRS, but many of us love getting a tax refund! Find out when you can expect to get your refund if you file early. Even without a refund loan, you can usually get your refund in 2-3 weeks.

Tax 105
article thumbnail

Tax Fraud Blotter: On the record

Accounting Today

Just a few tweaks; a favorite Uncle; it's taken care of; and other highlights of recent tax cases.

Tax 111
article thumbnail

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

article thumbnail

EisnerAmper Combines with HDA Accounting Group in Colorado

CPA Practice

The top 20 accounting firm is merging in HDA Accounting Group, a Greenwood Village, CO-based firm that specializes in services exclusively to dental practices, in a deal expected to close in early 2025.

Colorado 105
article thumbnail

IRS Free File starts Jan. 10

Accounting Today

The program will start accepting individual returns to be held for filing once tax season kicks off.

Tax 98
article thumbnail

New Cryptocurrency Reporting Requirements Impact Tax Season 2025

Insightful Accountant

Starting January 1, 2025, the implementation of Form 1099-DA and finalized crypto reporting regulations will significantly impact your tax preparation practice.

Tax 98
article thumbnail

Nation Pauses for Day of Mourning for Jimmy Carter

CPA Practice

The tradition has been held for presidents since the assassination of Abraham Lincoln, but has also been observed for other nationally respected leaders, such as Dr. Martin Luther King, Jr.

81
article thumbnail

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.

article thumbnail

Learning from your failures

Accounting Today

Here are some life lessons I've learned from dusting myself off in sports, academics and my accounting career.

article thumbnail

Murph's 2025 Cybersecurity Software Survey Part 1

Insightful Accountant

Murph is back with his survey of various Cybersecurity software and hardware, ranking them into a composite five point score. In this edition (part 1) he reveals his Top 20 Anti-virus applications.

52
article thumbnail

M&A roundup: Big firms get bigger

Accounting Today

EisnerAmper merges in HDA Accounting; BDO USA adds Blue Beyond Consulting; and Brady Martz welcomes Green & Miller.

article thumbnail

How Much is a ProAdvisor Worth?

Insightful Accountant

It's been several years since an "Average Billing Rate Survey" was conducted for the ProAdvisor community. We are asking for your participation in this (non-scientific) survey of billing rates and methods.

52
article thumbnail

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?

article thumbnail

IRS, Treasury finalize rules for clean energy investments in low-income communities

Accounting Today

The Treasury Department and the Internal Revenue Service have released final rules and procedural guidance for the Section 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program.

Tax 52
article thumbnail

Embracing AI and Advisory Roles: Profit First with Debra Angilletta

Insightful Accountant

Join host Gary DeHart in an insightful conversation with business advisor Debra Angilletta, renowned for implementing the Profit First system in over 300 companies.

52
article thumbnail

AAM opens marketing award nominations, launches business development award

Accounting Today

The Association for Accounting Marketing is accepting nominations for the 2025 Marketer of the Year Award and launched the Business Developer of the Year award.

article thumbnail

Ramp Rolls Out Integration with Workday Financial Management

CPA Practice

The integration, announced on Jan. 9, streamlines and automates accounting processes to help shared customers close the books more quickly and accurately.

article thumbnail

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.

article thumbnail

Net at Work buys Sage and Acumatica practices from e2b

Accounting Today

Business and tech consultancy Net at Work has acquired the Sage and Acumatica practices of accounting and ERP product reseller and developer e2b teknologies.

article thumbnail

FAF Looks to Fill Key Leadership, Advisory Roles

CPA Practice

The open positions include chair and members of the Financial Accounting Foundation board of trustees, FAF executive director, aFinancial Accounting Standards Board member, and chair of theFinancial Accounting Standards Advisory Council.

article thumbnail

Extra filing time granted for Carter remembrance

Accounting Today

Any returns or payments due on Jan. 9 can be sent in on Jan. 10.

Tax 52
article thumbnail

IRS Reminder: Final 2024 Quarterly Estimated Tax Payment Due Jan. 15

Insightful Accountant

The Internal Revenue Service today encouraged taxpayers who paid too little tax in 2024 to make a fourth quarter estimated tax payment on or before Jan. 15, 2025.

Tax 52
article thumbnail

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!

article thumbnail

Accounting Firm Business Plan (Free Template + Instructions)

Ryan Lazanis

Use this accounting firm business plan template to get clear on where you want your firm to go and how you'll get there. The post Accounting Firm Business Plan (Free Template + Instructions) appeared first on Future Firm.

article thumbnail

UBS set to settle Credit Suisse US tax evasion case, WSJ reports

Accounting Today

UBS Group is close to making a settlement of at least hundreds of millions of dollars over violations by Credit Suisse of a decade-old agreement with the DOJ.

Tax 52
article thumbnail

4 Legal Elements of Fraud

FraudFiles

Tracy talks about the definition of fraud, and the four legal elements that are generally required. Laws vary from state to state, so you can see some variation here, but this is the textbook definition. The elements of fraud include: intentional misrepresentation, knowledge of the falsehood, reliance on the fact, and damage as a result. [.

Legal 52
article thumbnail

Review of Intuit Enterprise Suite – The Accounting Technology Lab Podcast – Jan. 2025

CPA Practice

Randy Johnston and Brian Tankersley, CPA, review Intuit Enterprise Suite, designed for businesses focused on growth, providing one scalable, integrated solution that decreases manual, repetitive tasks with streamlined processes, boosts productivity through powerful automation, and unlocks actionable insights for faster decision making.

article thumbnail

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.