Tue.Nov 12, 2024

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When Is the Right Time to Prepare Your Business for a Sale

Summit CPA

Mergers and acquisitions (commonly known as M&A) is on a lot of people's minds. Post-Covid, money dried up and EBITDA shrank, but today the market for agencies feels stronger than in 2023. Owners who had been sitting on the sidelines are now more likely to put themselves back in the M&A game.

Sales 104
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Nominations Open for 2025 “Most Powerful Women in Accounting” Awards

CPA Practice

CPA Practice Advisor has opened the nomination period for one of its most prestigious awards. The Most Powerful Women in Accounting Awards , now in their 12th year, were created by CPA Practice Advisor to promote and support the success of women leaders as part of its broader mission of sustaining the profession. There are no costs associated with nominations or award recognition.

Account 135
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Smart Strategies Fractional CFOs Use to Stretch a Startup’s Cash

BurklandAssociates

From cash flow hacks to cost-saving insights, learn how Fractional CFOs keep startups resilient. The post Smart Strategies Fractional CFOs Use to Stretch a Startup’s Cash appeared first on Burkland.

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New marginal tax rates for 2025

Accounting Today

The highest marginal tax rate for 2025 is 37% and the lowest is 10%.

Tax 138
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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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CPE Webcast Dec. 12 – Transforming Sales Tax Compliance to Fuel Business Growth

CPA Practice

This webinar will be held on Thursday, December 12, 2024 at 12:00pm ET Sponsor: Avalara Duration: 1 Hour Register Now This webinar is designed for accountants using QuickBooks, Xero, or similar accounting software. Learn how Avalara integrates seamlessly with your existing tech stack, saving time, reducing costly errors, and hear firsthand from a firm that has supported clients through their tax compliance journey.

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Understanding When a Retirement Plan Audit Is Required

Withum

Understanding when audited financial statements of a retirement plan are required to be attached to a Form 5500 is an important part of demonstrating fiduciary responsibility over the plan and preventing unnecessary fines for an invalid filing of the 5500. A plan is required to have an audit attached to the Form 5500 when they are a “large plan”. For plan years beginning on or after January 1, 2023, the plan has an audit requirement if they have 100 participants with account balances as of the f

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Optimizing Business Operations With Automated Inventory Management

Withum

Warehouse and inventory management is at the heart of business operations across industries like distribution, manufacturing, retail and healthcare. Yet, many businesses still rely on manual processes that are prone to errors, inefficiencies and operational delays. Automated inventory management solutions can help address these issues, as inaccurate stock counts and shipping delays can directly impact a company’s bottom line and customer satisfaction.

NetSuite 105
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IASB proposes to tweak requirements for provisions

Accounting Today

The International Accounting Standards Board wants feedback on targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on corporate balance sheets.

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Why the ProAdvisor Academy is the Educational Shift We’ve Needed

IgniteSpot

I’ve been working in accounting long enough to know that the way we learn and grow in this profession has needed an update for a while. When I first got involved with the ProAdvisor Academy , I saw an opportunity to help shape a program that could fill a gap I’ve noticed for years: the need for education that truly integrates accounting principles with real-life, hands-on experiences using software.

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Overworked vs. overlived

Accounting Today

When it comes to your career, know the cost of choosing to be on a championship team.

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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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What’re Your Business’s State Tax Obligations?

Patriot Software

As a business owner, you’re responsible for a number of taxes. Some may be federal or local, while others are state taxes. So, what are the types of state tax obligations you need to keep on your radar?

Tax 84
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Rho offers portal for client management, onboarding

Accounting Today

Finance platform Rho launched the Rho Partner Portal for Accountants, a version of Rho designed specifically for partners with Rho who are accountants.

Finance 64
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Navan Launches Travel and Expense Management System for Accounting Firms

CPA Practice

Navan, a major provider of travel and expense management reporting, has launched the Navan Accountant Console, a centralized dashboard that streamlines spend management for accounting firms supporting multiple clients, users, and products. The console allows accounting firms to standardize client spend processes, regardless of clients’ existing bank and credit card brands.

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When Is the Right Time to Prepare Your AGENCY for a Sale

Summit CPA

Mergers and acquisitions (commonly known as M&A) is on a lot of people's minds. Post-Covid, money dried up and EBITDA shrank, but today the market for agencies feels stronger than in 2023. Owners who had been sitting on the sidelines are now more likely to put themselves back in the M&A game.

Sales 52
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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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EY Acquires HR Tech Consulting Firm Jubilant

CPA Practice

Big Four accounting firm EY said on Nov. 11 that it has acquired Jubilant, an Ann Arbor, MI-based HR technology consultancy focused on implementing and supporting human capital management, payroll, and workforce management systems. Financial terms of the deal weren’t disclosed. With more than 50 professionals focused on HR technology services, Jubilant has differentiated itself in the market by designing and building accelerators that automate testing for payroll and workforce management, and by

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How to NetSuite - Step-by-step Fixed Asset Management

Insightful Accountant

Murph takes you through six summary steps to record, configure, manage and report on fixed assets when using NetSuite's Fixed Asset Management 'Suite App.

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KSM Adds Valuation Firm ValueKnowledge in Illinois

CPA Practice

Top 60 accounting firm KSM (Katz, Sapper & Miller) said on Tuesday it has acquired ValueKnowledge, a Chicago-area valuation and advisory firm, effective Oct. 21. Financial terms of the deal weren’t disclosed. Indianapolis-based KSM said the transaction augments its growing business valuation practice, adding an experienced team led by ValueKnowledge founder Jim Krillenberger and vice president Andy Stebbins, who join KSM as managing director and director, respectively.

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From Line-Item Extraction to Custom Approvals: MakersHub’s AP Solution Explained

Insightful Accountant

MakersHub’s innovative AP system revolutionizes how firms manage and streamline accounts payable with its advanced computer vision technology.

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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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Small Business Hiring Continued to Be Weak in October, CBIZ Index Shows

CPA Practice

The Small Business Employment Index (SBEI) from top 15 accounting firm CBIZ reported a seasonally adjusted decrease of 0.58% in October , marking the second straight month of hiring declines and the fourth negative month out of the past six. The CBIZ SBEI tracks payroll and hiring data for more than 2,800 companies with 300 or fewer employees across the U.S.

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From Tax Calculation to Exemption Management: How Avalara Eases Compliance

Insightful Accountant

Avalara simplifies the complex and ever-changing world of sales tax compliance, providing businesses with automated solutions that remove the burden of managing thousands of tax jurisdictions.

Tax 52
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ISSB sees progress on climate standards adoption

Accounting Today

Some 30 jurisdictions are making progress on introducing international sustainability standards in their legal or regulatory frameworks.

Legal 52
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Transform Your Tax Workflow: Stanford Tax’s Automated Solution for Accountants

Insightful Accountant

Stanford Tax offers a game-changing approach to gathering tax information for accounting firms, streamlining the collection process and improving accuracy. This innovative tool transforms tax preparation.

Tax 52
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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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KSM merges in ValueKnowledge

Accounting Today

Katz, Sapper & Miller has added a valuation and advisory firm in the Chicago area to its business valuation practice.

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Discover the Power of AP Automation with Yooz: Key Takeaways from the Post Intuit Connect App Academy

Insightful Accountant

Discover how Yooz’s AP automation empowers QuickBooks users. As highlighted at the recent post Intuit Connect App Academy, Yooz brings innovative, powerful tools to streamline and enhance accounts payable workflows.

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Navan releases travel and expense solution for accounting firms

Accounting Today

Travel and expense solutions provider Navan released Navan Accountant Console, a dedicated solution made specifically for accounting firms.

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Modern Security Requirements for Tax Professionals: Beyond Basic Authentication

Insightful Accountant

As cybersecurity threats evolve, tax professionals must adapt their security practices to protect sensitive client data. Recent IRS discussions highlight that traditional security measures are no longer sufficient on their own.

Tax 52
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Profit in the Details: Rethinking Spend for Monumental Impact

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

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CBIC Clarified the concept of “as is/ as is, where is basis”- A phrase used in GST Circulars

VJM Global

In various GST circulars issued recently concerning clarification on the applicability of GST rates, and clarification on the classification of goods and services, the phrase “as is” or “as is, where is basis” has been used extensively to regularize the matters before the effective date of clarification. The GST Council in its 54th Meeting has recommended issuance of clarification to clarify the intent behind the regularization done in the past meetings.

Tax 52
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Stambaugh Ness Forms Strategic Relationship With Stonebridge Financial Group

CPA Practice

Top 200 accounting firm Stambaugh Ness announced on Nov. 12 a strategic partnership with Wormleysburg, PA-based Stonebridge Financial Group to introduce personal wealth management and retirement plan services to their clients nationwide. Through this alliance, Stambaugh Ness clients can benefit from personalized wealth management designed to address their unique goals and challenges.

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CBIC Issued Corrigendum to clarify that RCM on Renting Service is Applicable Only with Respect to Immovable Property

VJM Global

With effect from 10.10.2024, GST has been made applicable on renting commercial property under the Reverse Charge Mechanism by an unregistered person to the registered person. For this purpose, the following entry has been inserted in RCM Notification vide Notification No. Notification No. 09/2024 – Integrated Tax (Rate) dated 8th October 2024. (1) (2) (3) (4) 6AB Service by way of renting of any property other than residential dwelling.

Tax 52
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Schellman Compliance Expands Sustainability Reporting Services with Acquisition of Sustas, LLC Practice and ISO 14001 Accreditation

CPA Practice

Schellman Compliance , a provider of compliance services, has announced the successful acquisition of Sustas, LLC practice, a firm specializing in sustainability reporting services. As part of the transaction, Sustas’s clients and personnel will join Schellman, further strengthening the firm’s ability to deliver tailored, industry-leading sustainability compliance, consulting, and assurance solutions.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

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.