GrowthForceBlog
DECEMBER 12, 2024
8 min read December 12th, 2024 Every new year brings new challenges and opportunities in business. It's up to business owners to ensure they are prepared for what lies ahead in the coming year. The best business leaders keep a continuous eye on the future. Key Takeaways Types of Financial Forecasts: Business leaders can generate forecasts for just about any aspect of their business.
TaxConnex
DECEMBER 12, 2024
Holiday shopping season offers probably the years best chance for your online business to score big, not only through sales on your own website but also through household-name marketplace facilitators like Amazon. Black Friday this year saw a record $10.8 billion in U.S. online sales up 10.2% over last year. Cyber Monday wasnt far behind, as consumers looked to spend $13.2 billion, up more than 6% over 2023.
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Accounting Today
DECEMBER 12, 2024
The Internal Revenue Service is adding more features to the Tax Pro Account, Business Tax Account and Individual Online Account, and starting a new enforcement campaign.
Going Concern
DECEMBER 12, 2024
The PCAOB released a Spotlight the other day [ PDF ] and it seems large firms are just now recognizing that increased offshoring might have a negative effect on the foundational skills early-career auditors. By “negative effect” we mean a loud sucking sound as these tasks get pumped to distant corners of the world where offshore staff work for pennies on the dollar.
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
DECEMBER 12, 2024
From those with no corporate tax at all, to those that tax everything they can a guide to most and least competitive states when it comes to taxing businesses.
CPA Practice
DECEMBER 12, 2024
Its been months in the works, and today we are excited to share our new site with you! Please click around, enjoy the new features, explore the site, and by all means please share your feedback with us in the Comment section below!
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
DECEMBER 12, 2024
According to SCORE, 82% of small businesses fail due to issues managing cash flow. If money has not been set aside for taxes, an unexpected rise in expenses can cause their business to fail. As a result, personal savings can be wiped out, and those with small business loans can go into debt.
Accounting Today
DECEMBER 12, 2024
Dutch treat; for the record; last Resort; and other highlights of recent tax cases.
CPA Practice
DECEMBER 12, 2024
While 70% of hiring managers believe employees should feel comfortable discussing personal issues with their manager if they impact their work, nearly 39% find it challenging to help employees navigate these issues (e.g., health, relationships, finances) to improve productivity.
Patriot Software
DECEMBER 12, 2024
Before you can begin looking into your businesss profit, you need to understand and know how to calculate cost of goods sold (COGS). So, where do you begin? Start here by learning all about COGS, including how to get cost of goods sold using the cost of goods sold equation.
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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.
CPA Practice
DECEMBER 12, 2024
82% of employees over the age of 45 wish they had sought advice or guidance on retirement savings when they were younger.
Summit CPA
DECEMBER 12, 2024
It takes a lot of hard work, time and skill to keep a small business running smoothly, day to day. There are so many tedious tasks that take time away from the important work that needs to be done. Even if you have all the brains and brawn to wear all those different hats, trying to take care of everything yourself could soon become very overwhelming.
CPA Practice
DECEMBER 12, 2024
Two of their top eight stressors include finances. Cost of living is the second-most common stressor (35%), followed by paying for college/student loan debt (29%).
AccountingDepartment
DECEMBER 12, 2024
In today's rapidly evolving business landscape, the ability to turn raw data into actionable insights is paramount for sustainable growth and success. For many organizations, especially those without the resources to maintain a full-scale finance department, CFO support services offer a critical link between data and decision-making. These services transform complex financial information into strategic plans that drive business excellence.
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.
CPA Practice
DECEMBER 12, 2024
The report concluded that Generative AI has the potential to reduce the burden of human interaction for many types of tasks, freeing up a workforce for higher productivity and space for more ambitious strategies.
inDinero Tax Tips
DECEMBER 12, 2024
It finally happened investors saw your vision, you raised a Series A, and now you have the green light to grow as quickly as possible. Now what? Or perhaps youre building an MVP and scrapping for revenue. Your idea has potential, but you have to diligently manage resources until you can raise seed funding. Regardless of where you are in your journey, cash flow management for your startup will be crucial.
FraudFiles
DECEMBER 12, 2024
Tracy Coenen talks about the prevalence of fraud allegations related to construction projects and the work a forensic accountant can do in construction claims. She goes through the basics of the financial analysis performed on the numbers and documents related to the construction project. The construction analysis includes a comparison of the following numbers: Total [.
Anders CPA
DECEMBER 12, 2024
Navigating the complexities of Regulation C as it applies to HMDA reporting can be daunting, but understanding key definitions and reporting requirements can ensure your financial institution remains in compliance. Brad Stumpe, CPA, CRCM , partner and compliance and loan review practice leader, hosted a webinar, HMDA Refresher Including What Reporters Must Know Prior to Section 1071 Implementation , to inform financial institutions of their obligations under HMDA reporting requirements.
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.
Insightful Accountant
DECEMBER 12, 2024
Even though 3rd-party nominations of ProAdvisors for the 2025 Awards have closed, ProAdvisors can still Apply (or complete their applications) until February 11, 2025.
Withum
DECEMBER 12, 2024
Are you struggling to keep your chemical manufacturing operations efficient while driving sales? In this fast-paced industry, staying competitive is essential. The current sales process is complex and challenging to systematize. Lets explore how to rethink your sales process and offer simple CRM strategies that can enhance sales, minimize inefficiencies and optimize regulatory compliance.
Insightful Accountant
DECEMBER 12, 2024
Withum is driving talent recruitment and retention using technology and innovation.
Going Concern
DECEMBER 12, 2024
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.
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.
Insightful Accountant
DECEMBER 12, 2024
Rhonda Rosand of New Business Directions in North Conway, New Hampshire, is our ProAdvisor Profile focus this week.
Accounting Today
DECEMBER 12, 2024
The Committee of Sponsoring Organizations of the Treadway Commission published a framework for imposing internal controls over robotic process automation.
Accounting Insight
DECEMBER 12, 2024
63%* of people admit they find filing tax returns stressful Over a fifth (22%) admit losing sleep as the deadline looms The crunch is also affecting family time, with over a quarter (27%) of people saying they spent less time with friends and family due to the demands of filing their tax returns Incredibly, more than 25,000 people filed tax returns on Christmas Eve, Christmas Day and Boxing Day last year Executive Coach, Jessica Rogers offers top tips for staying financially and mentally healthy
Accounting Today
DECEMBER 12, 2024
Payment solutions provider Bill released a tool that lets users manage their AP needs and 1099-NEC and 1099-MISC forms together from a single platform.
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
CPA Practice
DECEMBER 12, 2024
This month, a new record-high share of consumers indicated that they expect mortgage rates to decline over the next 12 months, while fewer respondents said they expect home prices to rise.
Accounting Today
DECEMBER 12, 2024
Accountants' skill sets can help them navigate leadership, foster innovation and drive successful financial operations in any organization.
Menzies
DECEMBER 12, 2024
Menzies LLP - A leading chartered accountancy firm. Join Giuseppe Parla , Bethan Evans , and Alexandra Davies for an insightful discussion on the fundamentals of administrations, the concept of pre-packed administrations, and how the profession has worked to enhance perceptions of these arrangements. If you’re a creditor, discover the key factors to watch for when a company enters administration.
Accounting Today
DECEMBER 12, 2024
Stumped on gifts for friends, family or even coworkers? How about some tech?
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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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