TaxConnex
JANUARY 30, 2025
AI and automation are all the rage, but does it have a place in your sales tax compliance process? If so, where? For many businesses, software and automation can serve an important purpose in the compliance process. Businesses need a way to calculate the correct sales tax to charge in states where they have a sales tax obligation, and for this, automation can be a great solution.
Withum
JANUARY 30, 2025
Preparing for an audit is a critical step for businesses navigating regulatory compliance, pursuing mergers and acquisitions or completing significant business transactions. Understanding the financial statement audit process and planning ahead can save time, reduce stress and ensure accurate results. In this guide, well walk through the key financial audit preparation steps, explain key differences between AICPA and PCAOB audits and provide actionable tips to streamline the external audit proce
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ThomsonReuters
JANUARY 30, 2025
Blog home The New York Fashion Workers Act , set to take effect on June 19, 2025 , introduces significant changes to the fashion industry, particularly for Model Management Companies (MMCs) and their clients. This legislation aims to enhance protections for models and ensure greater transparency and fairness in their working conditions. Miguel Lopez, a shareholder at Littler Mendelson and an expert in employment law, shared his insights on the Act with Thomson Reuters’ Checkpoint Payroll
Withum
JANUARY 30, 2025
The federal funding freeze frenzy that just took place over the last 48 hours was eye-opening for many of us. The not-for-profit industry as a whole and many government-funded organizations went on a two-day roller coaster that started with “you will not be funded– all payments are frozen” to “OMB order rescinded.” This short-term chaos has pointed out the fragility of the industry, where the dependence on government funding, and the chaos that ensues when cash flow
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?
Dent Moses
JANUARY 30, 2025
Employee embezzlement, the act of an employee misappropriating company funds or assets for personal gain, is a pervasive risk that businesses cannot afford to ignore. While organizations often implement internal controls and monitoring mechanisms to mitigate this risk, no system is foolproof. Fidelity coverage, a specialized type of insurance that protects businesses against losses caused by employee dishonesty, is often ignored or has inadequate coverage.
Going Concern
JANUARY 30, 2025
Yesterday NASBA released scores for Core CPA exam sections taken from October 1 – December 26, 2024, the last group of scores for sections taken last year. Let’s check out the numbers: On January 29, NASBA received and processed the following scores from the AICPA: pic.twitter.com/6kbvbwtP62 — NASBA (@NASBA) January 29, 2025 CPA exam scores processed for October 1 – December 26, 2024: AUD: 8,766 FAR: 11,461 REG: 7,694 Total Core exam sections taken: 27,921 There were four
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
SchoolofBookkeeping
JANUARY 30, 2025
Intuit claims to have been tuning into their customers' woes, particularly those grappling with the cumbersome task of managing accounts payable. Users have long been exasperated with the tedious manual entry of bills, a process that demands painstakingly typing each one into the system. Yes, QuickBooks did offer a receipt capture feature, but let's be honest—it was missing key functionalities and often failed to populate the necessary fields accurately.
Accounting Today
JANUARY 30, 2025
Senate Finance Committee chairman Mike Crapo. R-Idaho, and ranking member Ron Wyden, D-Oregon, issued a discussion draft of bipartisan legislation.
Going Concern
JANUARY 30, 2025
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.
Accounting Today
JANUARY 30, 2025
FASB regulations requiring companies to record digital assets at fair value go into effect this year, but earlier adoption is permitted.
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!
CPA Practice
JANUARY 30, 2025
A discussion draft, released Thursday by Sens. Mike Crapo (R-ID) and Ron Wyden (D-OR), that proposes several ways to fix IRS procedures and administration has strong support from National Taxpayer Advocate Erin Collins and the AICPA.
Accounting Today
JANUARY 30, 2025
The Internal Revenue Service made progress on its customer service and systems last year, but it's still facing challenges with processing tax returns on time.
AccountingDepartment
JANUARY 30, 2025
Effective accounting data management isn't just about tidy spreadsheets and balancing your books. It's about safeguarding your business's financial health while ensuring seamless operations.
Accounting Today
JANUARY 30, 2025
Table disservice; down on the farm; a barebones job; and other highlights of recent tax cases.
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.
Canopy Accounting
JANUARY 30, 2025
Onboarding your new accounting client is more than just a processits your chance to make a strong first impression and lay the groundwork for a lasting partnership. By using this new accounting client checklist, you can set your client at ease, build trust from day one, and show them theyve made the right choice in partnering with you.
Accounting Today
JANUARY 30, 2025
TIGTA report suggests the IRS needs to do more to enable whistleblowers to report on fraud, waste and abuse, even if they've signed nondisclosure agreements.
Insightful Accountant
JANUARY 30, 2025
Vertex has released their 2024 Year-End Sales Tax Rates and Rules report, highlighting significant shifts in local tax structures and the growing complexity of tax compliance across the United States.
Accounting Today
JANUARY 30, 2025
Cloud ERP solutions provider Acumatica announced several updates and enhancements for 2025 that align with the company's new AI-first product strategy.
Speaker: Yohan Lobo
In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.
Insightful Accountant
JANUARY 30, 2025
Ignition has names their Global President Greg Strickland as their new CEO, and Amy Food as their new CFO.
Accounting Today
JANUARY 30, 2025
Future accountants should be as proficient in performing variance analyses and using data visualization software as they are with general ledgers.
Insightful Accountant
JANUARY 30, 2025
Contributing author Katie Thomas gives you five strategies you can use to ensure steady revenue all year long.
CPA Practice
JANUARY 30, 2025
South Carolina Treasurer Curtis Loftisvowed to complete his term despite two other state financial officers involved in the yearslong state accounting issues having left their jobs.
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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.
Insightful Accountant
JANUARY 30, 2025
In many industries, businesses must navigate complex regulatory landscapes to avoid costly penalties and ensure their operations are running smoothly. High-regulation industries are subject to strict compliance standards.
CPA Practice
JANUARY 30, 2025
The audit firms risk assessment process is the basis for a risk-based approach to the design, implementation, and operation of the firms quality control system, the PCAOB said.
Ryan Lazanis
JANUARY 30, 2025
Want to pull in new tax clients for your firm? Do these 13 actionable strategies that I've tried and tested over the years. The post How to Get Tax Clients: 13 Practical Tips appeared first on Future Firm.
CPA Practice
JANUARY 30, 2025
Baker Tilly International said Jan. 30 that its global network of accounting firms hauled in a record $5.62 billion in revenue for the year ending Dec. 31, 2024, a 9% increase from 2023 or 9.5% at constant exchange rates.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Accounting Today
JANUARY 30, 2025
A draft report from auditing firm Deloitte raised questions about more than 80 million of financial transactions by Pro-Gest and its owners, members of the Zago family, involving payments for a yacht and cash used to fund a prosecco winery.
Insightful Accountant
JANUARY 30, 2025
Groundhog day anyone? While the Supreme Court recently granted a stay against one injunction, a separate nationwide pause remains in effect, creating a nuanced compliance environment that demands careful navigation.
Accounting Today
JANUARY 30, 2025
AP-focused financial automation platform Stampli announced the release of an AI-driven procure-to-pay solution that works through dynamic conversations with the system itself.
CPA Practice
JANUARY 30, 2025
The New York City-based top 60 firm has expanded its presence in Massachusetts by combining with Anstiss, a CPA firm located in Chelmsford.
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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