Insightful Accountant
NOVEMBER 1, 2024
Small and midsize businesses (SMBs) are turning to cloud accounting platforms for automation and streamlined accounting. But many find them insufficient for advanced reporting and data analysis.
MyIRSRelief
NOVEMBER 1, 2024
S Corporations: Tax Preparation, Tax Planning, and the Benefits of Professional Tax Help S Corporations , often referred to as S Corps, are a popular business structure in the United States, particularly among small to medium-sized businesses. They offer a unique blend of benefits, including pass-through taxation and limited liability protection. However, navigating the tax landscape for S Corps can be complex.
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CPA Practice
NOVEMBER 1, 2024
The contribution limit for 401(k) retirement plans is going up in 2025 — but not for individual retirement accounts, the IRS announced on Nov. 1. The amount individuals can contribute to their 401(k) plan in 2025 will increase to $23,500, up from $23,000 in 2024 , according to the tax agency. The increase covers those who participate in 403(b) and most 457 plans, as well as the federal government’s Thrift Savings Plan.
Accounting Today
NOVEMBER 1, 2024
The amount individuals can contribute to their 401(k) plans in 2025 has increased by $500 to $23,500, up from $23,000 for 2024, but the IRA limit remains $7,000.
Speaker: David Warren and Kevin O’Neill Stoll
Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng
Inform Accounting
NOVEMBER 1, 2024
We have been made aware of the start of criminal activity using both text messages and emails to try and steal bank details by playing on older people's concerns about the Winter Fuel Payment.
CPA Practice
NOVEMBER 1, 2024
Forvis Mazars, ranked among the largest public accounting and consulting firms in the United States, is expanding its presence in Florida with the addition of MSL, effective November 1. MSL has a 50-year legacy of building deep relationships with its clients across Florida. This strategic acquisition significantly bolsters Forvis Mazars’ growing presence in the state by adding approximately 120 professionals, including 14 partners, and three new office locations in Orlando, Fort Lauderdale, and
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
NOVEMBER 1, 2024
Hosts Brian Tankersley, CPA, and Randy Johnston review Syft Analytics , which lets professionals generate everything from reports through integrated forecasts and consolidations, to make better business decisions with their financial data. Watch the video, or listen to the audio podcast below (transcript below): Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.
Accounting Today
NOVEMBER 1, 2024
The accounting profession is grappling with both a shortage of talent and a generational shift in workplace expectations.
Ronika Khanna CPA,CA
NOVEMBER 1, 2024
Having a dynamic, regularly updated sales forecast can be essential to the success of a small business. By forecasting your sales revenue you are helping to control for its unpredictability, an inherent risk in any business venture, and prepare for the decisions that are essential to your business profitability. Whether your sales are increasing, decreasing or static, it is always better when decisions are made proactively rather than reactively.
Accounting Today
NOVEMBER 1, 2024
UHY launches global rebrand; IRS selects first associate chief counsel for the newly created passthroughs, trusts and estates office; and more news from across the profession.
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
CPA Practice
NOVEMBER 1, 2024
SafeSend, the leading provider of automation technology for tax and accounting professionals, announced Client Portal, a new feature within its flagship product, SafeSend One. Client Portal provides taxpayers with a dashboard to seamlessly manage all tasks and documents throughout the tax lifecycle, addressing key challenges for both firms and their clients.
Accounting Today
NOVEMBER 1, 2024
Forvis Mazars acquires MSL; Blue & Co. merges in Mellen, Smith, and Pivoz; LGA adds Comolli; RBSK Partners acquires Hash CPA Group.
CPA Practice
NOVEMBER 1, 2024
While employers are taking steps to support employees’ physical and mental well-being, there is a disparity between the focus of employer well-being programs and what employees need the most. This is according to the latest Well-being Diagnostic Survey by WTW, a leading global advisory, broking and solutions company. The survey found U.S. employers are prioritizing support for mental (73%) and physical (50%) well-being.
Cherry Bekaert
NOVEMBER 1, 2024
View Full Report The Regulatory Compliance Digest’s October issue provides a summary of the latest updates from FinCEN, CFPB, FDIC, OFAC and federal bank regulatory agencies. This issue also includes hot topics in the regulatory compliance space and guidance on how financial institutions can prepare for 2025 compliance challenges. The Regulatory Compliance Digest is intended to keep you informed of regulatory changes in advance of their effective date, so your institution can evaluate changes or
Speaker: Mark Stovel
When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.
Going Concern
NOVEMBER 1, 2024
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
CPA Practice
NOVEMBER 1, 2024
This webinar will be held on Monday, November 18, 2024 at 1:00pm ET Sponsor: Drake Software Duration: 1 Hour Register Now Upon completion of this session, you will be able to: Discuss strategies for confidently setting fair prices that reflect the value you provide. Summarize the ways in which identifying and concentrating on a niche market can drive business growth and improve the client experience.
Insightful Accountant
NOVEMBER 1, 2024
Recently, Intuit’s ProAdvisor program was reimagined to deliver additional value to accountant partners through refreshed points and benefits. Intuit is now taking the transformation a step further by reimagining the ProAdvisor certification journey.
Summit CPA
NOVEMBER 1, 2024
One of the most frequent questions I receive as a virtual CFO is “How is what you do any different than my CPA ?” Or maybe a bit more generally “What is the difference between a CFO and a CPA ?” “Do I need both?
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
Cherry Bekaert
NOVEMBER 1, 2024
Watch our webinar on Opportunity Zone (OZ) exit planning, where we discuss how to prepare for the endgame in OZ investing. We cover key considerations for selling an Opportunity Zone business or property, including maximizing your return on investment and reinvesting your capital into new projects. Our advisors provide valuable insights and strategies to help you navigate the complex world of Opportunity Zone investing and ensure a successful exit strategy.
Inform Accounting
NOVEMBER 1, 2024
After a damning verdict on the inheritance of the public finances from the previous conservative government, the Chancellor, Rachel Reeves, has delivered the first Labour budget in over 14 years.
Accounting Today
NOVEMBER 1, 2024
EY unveils GenAI insights platform 'EY Competitive Edge'; Withum rolls out cloud-based audit platform; SafeSend's new Client Portal uses PIN instead of password; and other accounting tech news and updates.
ThomsonReuters
NOVEMBER 1, 2024
← Blog home Global indirect tax and e-invoicing compliance is more critical than ever, with corporations needing to navigate a complex web of regulations and mandates. For global companies, the stakes are high: non-compliance can result in substantial financial penalties, increased audit risk, and reputational damage. Given these potential pitfalls, ensuring a robust and adaptable tax compliance strategy is essential for maintaining a competitive edge.
Speaker: Genevieve Hancock, CPA
Cash flow isn’t just about balancing numbers - it's about ensuring your organization is positioned for both immediate stability and long-term success. Understanding that cash flow management fuels every decision, every opportunity, and every growth phase is critical. But how can you shift from simply managing cash to strategically optimizing it for resilience?
FraudFiles
NOVEMBER 1, 2024
When a closely-held business is part of a divorce, the income of the business must be examined. It is not unusual for a business like this to suddenly see a decline in revenue, and increase in expenses, or both shortly after divorce is filed. It is often not a coincidence that the financial health of [.
Cherry Bekaert
NOVEMBER 1, 2024
In early 2020, the International Association of Fire Chiefs (IAFC) realized its financial reporting needed to be timelier and more accurate. The not-for-profit membership association partnered with Cherry Bekaert for a comprehensive diagnostic assessment of its people and technology, which led to outsourced accounting services and the implementation of Sage Intacct accounting system, along with bill pay, expense reporting and budget systems.
Accounting Insight
NOVEMBER 1, 2024
New research released today, by UK accounting software provider iplicit, has revealed that the fear of losing historical financial data is the major barrier to upgrading from legacy accounting systems. iplicit has surveyed the views and opinions of 1000 UK finance decision-makers, with 42% admitting they are reluctant to change their accounting system because they fear they will lose critical historical data – a rise from 26% in 2023.
Accounting Today
NOVEMBER 1, 2024
As private equity floods in, accounting is at the beginning of a great experiment around money and control.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
Randal DeHart
NOVEMBER 1, 2024
Procrastination can be a formidable foe for small business owners. With endless responsibilities, it's easy to fall into the trap of putting off important tasks for later. The fast-paced construction world can lead to missed deadlines, increased costs, and frustrated clients. Delayed decisions and unfinished tasks not only affect timelines but can also impact budgets and client satisfaction.
Accounting Today
NOVEMBER 1, 2024
The megadeal creates a combined firm with approximately $2.8 billion in annual revenue.
Accounting Insight
NOVEMBER 1, 2024
Partnership Gives Syrinx Users A Cloud-Based Accounting Solution Point of Rental announced a new integration between Syrinx and AccountsIQ , providing hire businesses with a powerful, cloud-based financial management solution. Designed for companies outgrowing their entry-level systems, AccountsIQ offers advanced financial capabilities without the complexity or cost of a full ERP.
ThomsonReuters
NOVEMBER 1, 2024
During a bipartisan media roundtable event held by law firm K&L Gates on October 30, 2024, a question was posed to the panelists regarding some overlapping tax proposals floated by both presidential candidates along the campaign trail, such as the idea of exempting tips from taxation, and whether there might be the potential for bipartisan agreement on any of these promises in Congress regardless of the outcome of the election on November 5.
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Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.
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