AccountingDepartment

DECEMBER 26, 2024

For many medium-sized businesses, the decision to maintain an in-house accounting team seems like a straightforward choice. After all, having an on-site dedicated team can seem beneficial for managing financial operations closely. However, beneath the surface lies a myriad of hidden costs that can significantly impact your bottom line. This blog post explores these hidden costs and examines whether outsourcing accounting functions might be a smarter, more efficient alternative.

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CPA Practice

DECEMBER 26, 2024

As the end of the year approaches, nows the time to start preparing for filing your 2024 tax return in 2025. Here are tips and strategies to prepare now for the 2025 tax-filing deadline.

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Tax tax return 119

Accounting Today

DECEMBER 26, 2024

Private collection agencies have recovered only about $2.4 billion in tax debt payments since April 2017 out of the $64.9 billion assigned to them by the IRS.

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Tax 84

CPA Practice

DECEMBER 26, 2024

With a thorough understanding of their unique circumstances and the latest tax regulations, you can transform complex tax challenges into clear, actionable solutionssetting the stage for your clients financial success in 2025 and beyond.

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tax planning Tax 116

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.

Finance

Accounting Today

DECEMBER 26, 2024

Experts share a handful of new and emerging threats that CPA firms should keep an eye out for.

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cpa firm Account accounted accountant 72

CPA Practice

DECEMBER 26, 2024

34% plan to staff vacated positions, while 63% will increase the number of contract professionals on their teams. Robert Half is a talent solutions and business consulting firm.

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payroll 115

CPA Practice

DECEMBER 26, 2024

Brian Tankersley, CPA, and Randy Johnston discuss the technologies and processes they see having the greatest impact on the accounting profession in the coming year.

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Technology Account accounted accountant 92

Going Concern

DECEMBER 26, 2024

Stop normalizing overwork. Related: Your Suffering Is Not Noble So Let That Sh*t Go Merry Christmas, everyone. Log off. The post Dunno Who Needs to Read This Today, It’s Probably You appeared first on Going Concern.

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CPA Practice

DECEMBER 26, 2024

Existing-home sales grew in November, according to the National Association of Realtors. Sales advanced in three major U.S. regions and remained steady in the West. Year-over-year, sales climbed in all four regions.

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Sales 89

Accounting Today

DECEMBER 26, 2024

The Internal Revenue Service's program for destroying sensitive paper documents needs to be improved after inspectors found many documents easily accessible.

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Tax 64

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.

Account

CPA Practice

DECEMBER 26, 2024

In a Dec. 19 comment letter to the SEC, the AICPA says the new requirements adopted by the PCAOB last month would particularly burden small and midsized firms, as well as unintentionally hurt capital markets and the investing public.

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audit 85

Accounting Today

DECEMBER 26, 2024

Here's the right way to help them lean into risk.

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Insightful Accountant

DECEMBER 26, 2024

In this edition of App Aware we look at the Clear Path to Cash App that empowers Advisors to find hidden cash and maximize Business value.

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Accounting Today

DECEMBER 26, 2024

Opinions vary on whether the profession is declining or thriving or both. This is your chance to weigh in.

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Account accounted accountant 56

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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.

accounting and finance

Ryan Lazanis

DECEMBER 26, 2024

What trait sets successful firm owners apart? In this episode, I share the key quality for achieving your ideal work-life balance. The post The Hardest Firm Owner Trait to Master appeared first on Future Firm.

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Account accountant accounted 52

Accounting Today

DECEMBER 26, 2024

The market for professional malpractice liability insurance is evolving even as the profession evolves.

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FraudFiles

DECEMBER 26, 2024

A little tongue-in-cheek take on committing fraud at work. No, I dont really want you to commit fraud against your employer. Im just trying to illustrate some of the red flags of fraud. If a fraud is worth committing, its worth committing right. A little extra effort in the commission of a fraud can go [.

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Accounting Today

DECEMBER 26, 2024

Accounting's influencers predict the biggest changes over the next 10 years.

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Advertisement

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.

Technology

Insightful Accountant

DECEMBER 26, 2024

In a significant development affecting fiscal policy and tax planning, Congress has passed a temporary government funding measure through March 14, 2025, with President Biden signing it into law.

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Government Tax tax planning 52

Accounting Today

DECEMBER 26, 2024

A new IRS revenue procedure is applicable for some research or experimental expenses.

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Account accounted accountant Tax 52

Dent Moses

DECEMBER 26, 2024

The Fifth Circuit Court of Appeals reinstated the December 31, 2025 filing deadline on December 23, then later in the day, FINCEN announced a delay until January 13, 2025. Additional Details: For Companies Created or Registered Prior to January 1, 2024 : These companies now have until January 13, 2025 , to file their initial BOI reports with FinCEN (extended from the original January 1, 2025, deadline).

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Construction Account accountant accounted 52

Accounting Today

DECEMBER 26, 2024

The ride-hailing company said its hometown calculated its taxes from 2019 to 2023 based on the total amount of money that passengers paid drivers for rides.

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Tax corporation tax 52

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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Accounting Today

DECEMBER 26, 2024

Companies that work with auditors who have more industry experience but charge more than competitors offering "lowball" fees tend to save more money in the end.

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audit auditor Account accountant 45

Accounting Today

DECEMBER 26, 2024

Prime numbers; Power play; Great White sharks; and other highlights of recent tax cases.

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Tax tax preparation 40

Accounting Today

DECEMBER 26, 2024

As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What do you think will be the biggest change in accounting in the next 10 years?

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