Tue.Jan 07, 2025

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Five trends that will redefine finance and accounting in 2025

Accounting Today

F&A has evolved from a number-crunching function to a strategic and consultative one, safeguarding assets, streamlining operations and influencing future growth.

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Refunds and sales tax

TaxConnex

Many shoppers went online this season to find the perfect gift. Its a safe bet that few of them hit the target, which leads to returns, which leads to refunds from sellers, to which leads to the nagging question: Does sales tax get refunded along with the purchase price? The simple answer is yes. The more accurate answer, particularly when something as complex as sales tax gets involved, is: Probably, but watch the details.

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Why CFO Support Services Are Essential for Business Success in 2025

AccountingDepartment

The role of financial strategy in business success has never been more apparent. With increasing financial complexities, regulatory challenges, and an unpredictable economic environment, small and medium-sized businesses (SMBs) are discovering the critical value of CFO support services.

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The Big Boys in Investing Are Getting Into Accounting Now

Going Concern

Well it’s official, we’re in the “sell” part of the private equity cycle. We’re also in the part of the cycle where you may have actually heard of the company investing in the accounting firm. And, because of that, also in the part of the cycle where things heat up significantly now that the big boys are jumping into the accounting space.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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Key Q1 2025 Tax Deadlines for Startups

BurklandAssociates

The first quarter of 2025 is packed with critical tax deadlines for startups. Missing these dates can result in penalties, compliance issues, and lost opportunities for valuable tax credits. To Read More The post Key Q1 2025 Tax Deadlines for Startups appeared first on Burkland.

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IRIS Software Group deepens its commitment to customer service

Accounting Insight

Chief Customer Officer, Dave Burns, will lead a new, unified, and global Customer Success function to create greater value for IRIS customers. IRIS Software Group (IRIS), a leading global provider of accountancy, education management, HR and payroll solutions, is adding enhanced value for its customers with the appointment of Dave Burns as Chief Customer Officer and the launch of a new, centralised Customer Success function.

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More Trending

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Moneypenny launches new call tracking service to help accountancy businesses drive growth and unlock marketing ROI

Accounting Insight

Moneypenny has launched a newcall-trackingservice to help accountancy businesses identify which marketing campaigns, ads, web pages, and specific keywords drive phone calls. The innovative solution is the first to be created in partnership with Ruler Analytics, a specialist marketing measurement platform. In todays competitive landscape, phone calls are still one of the most valuable forms of customer engagement, and understanding how they are generated is crucial to maximising marketing return

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The best and worst states for property taxes in 2025

Accounting Today

Every state levies property taxes, but some states have high or complex property tax structures, making them less competitive.

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PCAOB Doled Out a Record $37.4 Million in Fines in 2024

CPA Practice

The blockbuster fine of 2024 was the $25 million penalty the PCAOB gave KPMG in the Netherlands last April for systemic internal exam cheating over a five-year period. It's the largest fine the PCAOB has ever doled out.

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Deadlines coming for taxpayers hit by disasters

Accounting Today

The IRS is reminding those who received filing relief that they likely have to file by Feb. 3 or May 1.

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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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CPE Webcast – Jan. 29, 2025: New Year, New Legal Entity

CPA Practice

Clients just starting out need insight on which legal structure to select for their business. Seasoned entrepreneurs may need insight as their company grows and the entity once selected may not be as advantageous as it once was. The New Year is an ideal time to get a refresh on business entity options for your clients.

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IRS, Treasury finalize rules for clean electricity tax credits

Accounting Today

The Treasury Department and the Internal Revenue Service released final rules for the Clean Electricity Investment and Production Tax Credits in Sections 45Y and 48E of the Tax Code.

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A Look Into Gen Z’s Unique Money Mindset and Approach to Financial Wellness

CPA Practice

Heres a breakdown of how members of Gen Z approach money, what factors influence their approach and what advice others have for those of this generation.

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Adopt, Test, Monitor: Simplifying AI for CPAs

Accounting Today

When it comes to AI, where do we start? What's relevant? How do we determine what's worth our time and investment? Consider the AI Adopt, Test, Monitor Framework.

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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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Nominations Open for 2025 “Most Powerful Women in Accounting” Awards

CPA Practice

The Most Powerful Women in Accounting Awards, now in their 12th year, were created byCPA Practice Advisorto promote and support the success of women leaders as part of its broader mission of sustaining the profession.

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Caseware to acquire lease software company

Accounting Today

Caseware announced it is acquiring LeaseJava, an Atlanta-based provider of lease accounting support solutions.

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Should You Actively Trade in a Roth IRA?

CPA Practice

Day trading in a Roth IRA is perfectly legal, but it may not be financially wise.

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Citrin gets new PE owner as Blackstone buys stake

Accounting Today

The Top 25 Firm's private equity ownership will transfer from New Mountain Capital to Blackstone, marking the first 'turn' in the U.S. accounting space.

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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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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.

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Kacee Johnson departs CPA.com

Accounting Today

CPA.com's vice president of strategy and innovation, Kacee Johnson, has announced she is stepping away from her position after six-and-a-half years.

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Citrin Cooperman’s PE-Backed Ownership Flips From New Mountain Capital to Blackstone in ‘Monumental’ Deal

CPA Practice

The deal marks the first time in the accounting profession that private equity ownership of a CPA firm has transferred, or flipped, from one investment group to another.

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M&A roundup: HBK and SD Mayer expand

Accounting Today

Top 50 Firm HBK acquired Acuity Human Resources; and SD Mayer merged in Bogdan & Frasco.

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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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Here’s What Comes Next for California Fire Victims Who Won Federal Tax Relief

CPA Practice

Tens of thousands ofNorthern Californiafire victims stand to recover millions of dollars in reimbursements for federal taxes paid on wildfire settlements now that the Federal Disaster Tax Relief Act finally passedCongresslast month and was signed by PresidentJoe BidenonDec. 12.

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2025 Payroll Tax and Withholdings Update

Anders CPA

In 2025, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k) elective deferrals. For employees, the minimum wage is increasing in Missouri and Illinois. Below, we highlight any payroll tax and withholding updates or consistencies for 2025 that employers and employees should be aware of. Social Security Tax Withholding For 2025, the Social Security tax wage base for employees will increase to $176,100.

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Navigating 2025’s Complex Landscape for Boards and Audit Committees

CPA Practice

Maintaining the focus on financial reporting and internal control risks remains job number one for audit committees.

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QuickBooks Payments Changes Coming to QuickBooks

Insightful Accountant

Not later than the end of January, some QuickBooks users may see changes in the form of access to QuickBooks Payments.

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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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The Tax Blotter – January 2025

CPA Practice

The Tax Blotter is a round-up of recent tax news, briefs, and court rulings.

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ProAdvisor 'Inventory/Manufacturing' App Survey Request

Insightful Accountant

Insightful Accountant is still seeking to update ProAdvisor preference information concerning Inventory/Manufacturing Apps that work with QuickBooks. Please assist us with a short survey telling us your favorite apps in this category.

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Caseware Acquires SaaS Solutions Provider LeaseJava

CPA Practice

This is Casewares eighth acquisition since Hg Capital acquired majority ownership of the Toronto-based company in late 2020.

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How to Actually Start Tax Season Feeling Refreshed

Insightful Accountant

For tax professionals, January marks the beginning of the most demanding period of the year. While others are setting New Year's resolutions, you're preparing for four months of long hours, complex calculations, and deadline pressures.

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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!