Fri.Feb 07, 2025

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Top Features of Accounting Client Management Software

Canopy Accounting

Managing client relationships and ensuring efficient workflows is essential for success. Accounting client management software is designed to meet these demands, offering tools that simplify communication, task management, and data organization. But with so many options available, how do you choose the best solution for your accounting firm? Here are the top features to look for when selecting client management software.

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Cybersecurity best practices during tax season

Accounting Today

CPAs handle an influx of sensitive financial information and personal information during tax season, making them an attractive target for cybercriminals.

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Maryland Considers Adding Retail Delivery Fee

CPA Practice

The fee would apply once per transaction even if the items are delivered in multiple shipments, so long as the purchase contains one item of tangible personal property subject to Maryland sales tax.

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Job growth slowed in January, with just 600 jobs in accounting

Accounting Today

Employers added 143,000 jobs in January, including 600 in accounting, tax preparation and payroll services, the U.S. Bureau of Labor Statistics reported.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

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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Super Charge Business Development with Proposal Software

CPA Practice

It can automate repetitive tasks, such as inserting standard service descriptions, pricing, and contract terms.

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The Accountant's Roadmap To Surviving Tax Season

Insightful Accountant

As a CPA and Certified Coach, Chris Panek knows firsthand how overwhelming tax season can be. The long hours, endless client demands, and pressure to meet deadlines can make it feel like theres no time for anything else.

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On the move: FICPA hosts annual CPA Day

Accounting Today

EisnerAmper appoints international tax services leader; Meaden & Moore promotes six to VP principal; and more news from across the profession.

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2025 Business Outlook Report Outlines Top Business Trends, Growth Opportunities, Economic Challenges

CPA Practice

The publication explores critical themes such as the adoption of generative artificial intelligence (AI), the impact of hybrid and return to work models, heightened cybersecurity demands, and changing buyer behaviors.

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Tech news: FinQuery announces CPE Hub

Accounting Today

Plus, Insightsoftware announces Jet Reports Online; InterVal updates business customization features; and other updates from the accounting tech world.

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Key Trends, Challenges and Opportunities in Integrated Assurance

CPA Practice

The report highlights the need for sustainable approaches to breaking down silos within risk management and assurance functions, which can result in inefficiencies, duplicative efforts, and incomplete reporting.

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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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GBQ acquires Talentcrowd

Accounting Today

The Top 100 Firm acquired Columbus, Ohio-based hiring platform Talentcrowd to expand its business technology offerings.

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Tax Court Sides with IRS: Businesses Need to Prove Their Expense Deductions

CPA Practice

If youre a self-employed individual, you can deduct your ordinary and necessary business expenses, just like the corporate giants do. However, youre also held to the same strict substantiation rules.

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How will you respond when AI agents reshape your firm's business model?

Accounting Today

While AI agents are not quite ready for prime time, they are here and slowly but surely changing the accounting profession.

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Professionals on the Move – Feb. 7, 2025

CPA Practice

Professionals on the Move is a round-up of recent hiring and promotion announcements from around the profession.

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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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Bessent says Musk's DOGE isn't altering Treasury systems

Accounting Today

Bessent said the Internal Revenue Service would be largely spared from DOGE's cost-cutting at least until after the April 15 filing deadline.

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State CPA Society News & Updates – Feb. 2025

CPA Practice

State CPA Society News & Updates is a selection of recent announcements and initiatives by CPA associations in the United States and its territories.

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Bessent projects normalcy while 'completely aligned' with Musk

Accounting Today

In just two weeks as Treasury chief, Scott Bessent has seen plenty of turbulence.

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AICPA News – February 2025

CPA Practice

AICPA News is a collection of recent announcements from the American Institute of CPAs and the Chartered Institute of Management Accountants.

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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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Update on BOI Reporting from FinCEN 02-06-25 Alert

RogerRossmeisl

In a significant development for businesses across the United States, the legal landscape surrounding the Corporate Transparency Act (CTA) has taken a pivotal turn with the case of Smith et al. v. U.S. Department of the Treasury. Heres what you need to know about the current state of affairs and what might lie ahead: The Legal Background On January 7, 2025, the U.S.

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U.S. Hiring Cools in January with 143,000 Jobs Added

CPA Practice

U.S.job growth slowed at the start of the year, the government said Friday, as business services, manufacturing and other major industries held back on adding new jobs amid increased uncertainty around the economy.

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Frequently Asked Questions: Resolving IRS and State Tax Problems with Mike Habib EA

MyIRSRelief

Tax problems can feel overwhelming, whether youre dealing with the IRS, the California Franchise Tax Board (FTB), or another state tax agency such as EDD or CDTFA. From audits and back taxes to penalties and liens, the stakes are high, and the process can be incredibly complex. Thats where Mike Habib EA comes in. As a Los Angeles-based tax representation firm, Mike Habib EA specializes in resolving IRS and state tax problems, helping clients regain control of their financial lives.

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Interpreter Who Stole Millions From Shohei Ohtani Gets 57 Months in Prison

CPA Practice

Ippei Mizuhara, who stole nearly $17 million from the Los Angeles Dodgers superstar to cover debts, was ordered to pay nearly that sum in restitution to Ohtani and a little more than $1 million to the IRS.

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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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Social Media Marketing Basics For Construction Contractors

Randal DeHart

Social media can feel overwhelming. With so much noise and so many platforms, where do you start? The truth is that a great social media strategy can transform how you connect with customers and help you grow your contracting business. Social media platforms' reach and accessibility are unprecedented. They connect businesses with a vast audience in real-time.

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2025 IRS Income Tax Refund Schedule – Estimate When You’ll Get Your Refund

CPA Practice

If you found this article, you're probably expecting a refund and are starting to think about doing your taxes or going to a tax pro, or perhaps you just filed, and are curious how long you need to wait for that $$$.

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I-9 Documents: Passports, Licenses, Birth Certificates, Oh My!

Patriot Software

So youve hired an employee. Congratulations! Now what? One of the new employee forms your team member must complete is Form I-9, Employment Eligibility Verification. And to complete the required form and prove their eligibility, your new hire must bring in I-9 documents. What are I-9 documents?

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Luka Dončić Trade to LA: Facing Steep Tax Consequences

Withum

In a blockbuster three-team trade, the Los Angeles Lakers landed Luka Doni from the Mavericks, while Anthony Davis headlined the package going to Dallas, with several other players and picks also involved in the deal. This trade has sparked significant debate, as the Mavericks part ways with one of the leagues premier talents. At just twenty-five, Doni has already built an impressive rsum, including an NBA Rookie of the Year award, multiple All-Star and All-NBA First Team selections, and the 202

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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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Unlocking strategic benefits for tax during ERP cloud migrations: Part 3

ThomsonReuters

Blog home How far can tax transformation take you? For most businesses, the need is clear: tax modernization efforts must accelerate. Rapidly evolving economic and political events , increasingly aggressive regulators, and rising compliance requirements are straining legacy tax systems and the teams that manage them. Moving to the cloud is an important yet insufficient first step.

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Wendy Heiss Joins Withum’s National Cannabis Practice as Partner

Withum

Withum welcomes Wendy Heiss as a partner in its Cannabis Practice to expand cannabis accounting and business advisory services for the firm. Im thrilled to have the opportunity to bring my knowledge in the cannabis marketplace to a recognized player in this space. Wendy Heiss , Partner of Withum’s Cannabis Services Team Heiss brings 20 years of public accounting and auditing experience, eight primarily focused on servicing the cannabis sector, to the Withum team.

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Three new franchisees join TaxAssist Accountants

Accounting Insight

The TaxAssist network now has more than 250 franchises in operation across the UK operating from over 400 shops and offices. Khandakar Rahman (Wanstead & South Woodford), Peaches Raja (Melksham & Trowbridge) and Meghna Doshi (Park Royal & North Kensington) have all recently completed their initial training and are now launching their TaxAssist Accountants practices.

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Joel Susco Named to The Washingtonian’s Best Financial Advisers List

Withum

Withum is proud to share that The Washingtonian selected Joel Susco for their DCs Best Financial Advisers list. Joel, Partner, in Withums Washington DC office was chosen for the directory because of his industry expertise, community involvement and trustworthy reputations in the DC business world. As a tax accountant, his specialties include Business Tax Services , Private Client Services , and Estate and Trusts Services.

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The Future Of Finance: How To Manage Spend The Right Way

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