Thu.Feb 06, 2025

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Tax Relief for California Wildfire Victims

Withum

The California wildfires that broke out on January 7, 2025, have caused tremendous devastation to individuals and businesses alike. More than 29 people have died, and the wildfires have damaged more than 40,000 acres of land in and around Los Angeles. The fires have destroyed more than 12,000 homes and businesses and more than 180,000 people were under evacuation orders during the worst of it.

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Fyle Announces QuickBooks Desktop Integration

CPA Practice

The expense management platform has integrated with QuickBooks Desktop, allowing businesses to manage and sync expenses with QuickBooks, which eliminates manual data entry and reconciliation.

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State income tax rate changes for 2025

Accounting Today

Nine states are cutting their individual income tax rates in 2025.

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5 time management tips for accountants and CPAs

ThomsonReuters

In the fast-paced world of accounting and tax preparation, every minute counts. As an accountant or CPA, youre often juggling multiple clients, deadlines, and tasks, which can lead to overwhelming stress and burnout. According to the 2024 State of Tax Professionals Report , time management, meeting deadlines, and timely filing were the second highest set of challenges for survey respondents.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

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The AICPA Gets Around to Looking Into If This Whole Private Equity Thing Requires New Independence Rules

Going Concern

Two years ago, two years after the first major private equity investment in a top 20 firm kicked off a flood of similar investments in some of the largest non-Big 4 firms in the country, the AICPA formed a task force to “look into issues raised by private equity investors in accounting.” And now the task force is about to solicit public comment on their preliminary conclusions.

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FICPA Advocates for Effective, Efficient Licensure During CPA Day at the Capitol

CPA Practice

This year, the FICPA is supporting legislation that offers innovative pathways to CPA licensure in Florida while maintaining strong standards and protecting the public trust.

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More Trending

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AICPA Requests Changes to Tax Forms to Show Disaster-Impacted Returns

CPA Practice

The American Institute of CPAs requested that the IRS incorporate a checkbox and Federal Emergency Management Agency (FEMA) disaster number space into various tax returns.

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Cash Vs accruals

Accounting for Good

When managing your NFP organsiations finances, one of the most important decisions youll make is how to track income and expenses.

Finance 52
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NetSuite Launches New Anything-as-a-Service Solution

Insightful Accountant

New NetSuite SuiteSuccess Edition helps organizations with product and service offerings increase efficiency, expand insights, and enhance the customer experience.

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Tax Fraud Blotter: Dirty laundry

Accounting Today

Startup shut down; healthy, wealthy and crooked; won't ever stand the strain; and other highlights of recent tax cases.

Tax 52
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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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Xero Data Shows US Small Businesses See Improved Performance

Insightful Accountant

A new report from Xero highlights optimistic improvements for small business performance while noting both challenges and opportunities posed by proposed policy changes.

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DeFi companies win reprieve on tax reporting

Accounting Today

Decentralized finance companies are breathing a sigh of relief after the Treasury and the Internal Revenue Service gave them a two-year delay on reporting.

Tax 52
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Intuit Connect Continues to Inspire with Learning on Firm of the Future

CPA Practice

Firm of the Future recently featured a year-end wrap-up of QuickBooks features to complement Main Stage presentations on the new Intuit Enterprise Suite and new features in QuickBooks Online.

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GreenGrowth acquires retiring firm CGC

Accounting Today

GreenGrowth CPAs acquired retiring firm CGC Accountants & Advisors in a move to expand its new service niche.

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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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U.S. Initial Jobless Claims Pick Up, Data Shows

CPA Practice

The level of initial claims remain generally in line with pre-COVID-19 levels, and private employment data fromADP Researchshowed a healthy pace of hiring in January.

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NetSuite rolls out AI agents, promises more to come

Accounting Today

NetSuite, during its SuiteConnect event in Manhattan, announced agentic AI enhancements to its solutions, and plans to roll out more in the future.

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Cap on State and Local Tax Deductions Resulted in Higher Taxes, Says Survey of CPAs

CPA Practice

The survey was created to gauge the impact of the $10,000 cap on SALT deductions imposed by the Tax Cuts and Jobs Act (TCJA) in 2017. The cap is due to expire this year.

Tax 52
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NetSuite migrates to AI self-maintaining database

Accounting Today

NetSuite said it has moved its suite with all its data into an AI-driven self-maintaining database, part of parent company Oracle's cloud infrastructure.

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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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Valentine’s Day Spending Forecast to Hit Record $27.5 Billion

CPA Practice

The most popular gift categories this year include candy (56%), flowers (40%), greeting cards (40%), an evening out (35%) and jewelry (22%).

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NetSuite launches solution for managing "Anything-as-a-Service"

Accounting Today

NetSuite, during its SuiteConnect event in Manahttan, announced the launch of NetSuite SuiteSuccess Anything-as-a-Service (XaaS) Edition, aimed at businesses with both product and service components.

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New NetSuite Solution Helps Businesses Manage and Grow Diverse Revenue Streams

CPA Practice

NetSuite SuiteSuccess Anything-as-a-Service (XaaS) Edition enables businesses with diverse product and service offerings reduce software costs and complexity, expand business insights, enhance the customer experience, and drive revenue growth.

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Florida CPAs push state for licensing changes

Accounting Today

The Florida Institute of CPAs gathered over 100 CPAs in Tallahassee to advocate for legislative priorities like innovative pathways to CPA licensure.

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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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Embracing 5 Generations in the Workplace

CPA Practice

Modern accounting firms are more age-diverse than ever, with most workplaces hosting five generations. While every person is an individual, each generation tends to be shaped by distinct historical events, cultural shifts and technological advancements.

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Re-electing S corp status after revocation

Accounting Today

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed.

Tax 52
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"Live from New York, it's 'SuiteConnect.'"

Insightful Accountant

During their one-day 'SuiteConnect' event in New York City, Oracle NetSuite has announced innovations to help businesses increase efficiency and drive success including new embedded AI functionality, product offerings and integrations.

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Damages in Securities Fraud Cases

FraudFiles

Tracy talks about the types of damages that an expert may be asked to calculate in securities fraud cases, such as realized/unrealized gains on investments, margin interest, and more.

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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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NetSuite Extends AI Capabilities

Insightful Accountant

New generative AI capabilities and AI agents in NetSuite expand customization capabilities, improve AI-assisted workflows, and help customers maximize the value of the suite.

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Aprio Acquires Mangold Anker Phillips in Texas

CPA Practice

The private equity-backed top 30 firm is growing its presence in Texas after acquiringMangold Anker Phillips, a tax, accounting, and business advisory services firm based inAustin.

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Third Group of Yearly Stock Market Performance and Inflation Charts

Withum

Following are my third and final group of 2024 market performance and related charts. These eight charts bring my total to 20. Each chart tells its own story, and when combined, they present the big picture of where we have been and an inkling of what could be expected in the future. I will also include all 20 charts in a booklet to illustrate my virtual presentation on February 20, 2025 for the East Brunswick Public Library.

Tax 52
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Cash Vs accruals

Accounting for Good

When managing your NFP organsiations finances, one of the most important decisions youll make is how to track income and expenses.

Finance 40
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The Future Of Finance: How To Manage Spend The Right Way

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