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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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.
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
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.
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.
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
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
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
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
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
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.
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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.
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.
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.
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
Table disservice; down on the farm; a barebones job; and other highlights of recent tax cases.
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.
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
For those living on a fixed income such asSocial Security, a key part of financial planning may include keeping tabs on next years cost of living adjustment, and right now theyre looking pretty low.
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
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.
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.
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
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.
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.
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.
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.
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.
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.
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
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.
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
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.
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
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.
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Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.
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