BurklandAssociates
JANUARY 14, 2025
AI aids tasks like bookkeeping and tax prep but can't replace expert accountants for oversight, data review, and decision-making. The post Areas to Address in Using AI in Accounting appeared first on Burkland.
Basis 365
JANUARY 14, 2025
Running a successful business requires more than just a great idea and hard work. It demands a sound financial business model and reliable information to guide decision-making. At Basis 365, we provide outsourced accounting and bookkeeping services, acting as the accounting department for our customers. But building a strong business requires a broader network of strategic partners to address every aspect of your operations.
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Going Concern
JANUARY 14, 2025
“We do think theres a huge opportunity to roll up accounting firms and automate a lot of the workflow and let the same accounting firms take twice as many clients, says Marc Bhargava, Managing Director at VC firm General Catalyst to Wall Street Journal for their recent piece ‘ AI Has Venture Investors Excited About (Yes) Accounting Firms.’ “The idea is not to cut people with AI, the idea is to enable them to do two to three times the work.” According to their Linked
Accounting Today
JANUARY 14, 2025
A Federal Trade Commission order requires the tax prep giant to make it easier for customers to use cheaper options.
Speaker: David Worrell, CFO, Author & Speaker
Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.
CPA Practice
JANUARY 14, 2025
"These pain points emphasize AI's potential to enhance efficiency, accuracy, and insight generation in finance by addressing time-consuming and error-prone tasks," accounting automation platform Trullion says in a new report.
Accounting Today
JANUARY 14, 2025
Every state levies unemployment insurance taxes, but rates vary depending upon such factors as the health of the state's UI trust fund.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
JANUARY 14, 2025
Ohio Governor Mike DeWine signed into law a bill that provides more flexibility for obtaining a CPA license, effectively eliminating the 150-hour requirement.
CPA Practice
JANUARY 14, 2025
From niche targeting to leveraging local SEO and creating engaging content, these hacks can help you attract and retain clients without stretching your resources thin.
Accounting Today
JANUARY 14, 2025
The Public Company Accounting Oversight Board found specific deficiencies in the testing of internal controls and accounting estimates, and in engagement quality reviews.
CPA Practice
JANUARY 14, 2025
In December, more than two dozen accounting profession thought leaders participated in the latest Accounting Meta Influencers roundtable event focused on advisory services, compliance and firm specialization.
Speaker: Dave Sackett
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
Accounting Today
JANUARY 14, 2025
Experts weigh in on the seesawing judicial fate of the Corporate Transparency Act and its beneficial ownership information reporting mandate.
CPA Practice
JANUARY 14, 2025
Small businesses grew more slowly after the spike in interest rates if they had less access to credit. Those that were hit the hardest had up to 30% lower revenue and 4% lower employment growth compared to other small businesses.
Accounting Today
JANUARY 14, 2025
The Internal Revenue Service is making some changes this tax season in an effort to combat tax scams in areas like the Fuel Tax Credit.
CPA Practice
JANUARY 14, 2025
From automating processes to analyzing massive datasets, AI is reshaping the accounting landscape while lawyers and judges scramble to decide whos responsible when it all goes wrong. From intellectual property spats to bias allegations, AI is breaking down courtroom doors, and the legal system isnt ready.
Speaker: Erroll Amacker
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Accounting Today
JANUARY 14, 2025
Xero announced it now has a new tagline: "Your business supercharged.
Patriot Software
JANUARY 14, 2025
Just starting your entrepreneurial journey? Been in business for over 10 years? Regardless of if youre a veteran business owner or just starting out, you may need to get a business loan. So, where do you start? Let us walk you through how to apply for a business loan.
CPA Practice
JANUARY 14, 2025
The proposed regulations address several SECURE 2.0 Act provisions, including ones aimed at the new Roth IRA catch-up rule and the new automatic enrollment requirement for 401(k) and 403(b) plans.
Xero
JANUARY 14, 2025
Remember when the world shifted from paper to computers? Or from desktops to mobile devices? We’re on the cusp of a similar revolution with AI. What once felt like a futuristic, magical tool is quietly weaving itself into our daily lives. In the same way we now wonder how we ever lived without the internet, soon we’ll wonder the same about AI.
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Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
LSLCPAs
JANUARY 14, 2025
Nonprofits and government agencies can now tap into a game-changing financial incentive: the Clean Vehicle Credit. Thanks to Section 6417 of the Inflation Reduction Act of 2022, tax-exempt entities can benefit from a groundbreaking provision called the Direct Pay (or Elective Pay) option. This allows eligible organizations to receive direct payments equivalent to certain tax.
CPA Practice
JANUARY 14, 2025
Led by AI adoption, digital transformation, and a shift toward advisory services, firms are positioning themselves for sustainable growth.
Accounting Today
JANUARY 14, 2025
More firms are creating alternative paths for employees who want to excel, but who don't want to "sell their soul to the firm" in order to make partner.
CPA Practice
JANUARY 14, 2025
The practice aid offers a new definition for digital assets, new and amended accounting questions, and the introduction of new terms.
Speaker: Anna Tiomina, MBA
AI is reshaping industries, yet finance remains one of the slowest adopters. Concerns over compliance, legacy systems, and data silos have made finance teams hesitant to embrace AI-driven transformation. But delaying adoption isn’t just about efficiency—it’s about staying competitive in a rapidly evolving landscape. How can finance leaders overcome these challenges and start leveraging AI effectively?
Accounting Today
JANUARY 14, 2025
Flat tax; doubts about 'automatic' IRS calculations; when to shred; and other highlights from our favorite tax bloggers.
CPA Practice
JANUARY 14, 2025
The Clean Electricity Investment and Production Tax Creditsalso known as the "technology-neutral credits"are intended to encourage more investments in clean energy systems over the next few years.
Accounting Today
JANUARY 14, 2025
Springline Advisory, a financial and business advisory firm backed by the private equity firm Trinity Hunt Partners, has partnered with Fiske Advisory LLC.
VJM Global
JANUARY 14, 2025
In pursuance of the recommendation of the 55th GST Council meeting , the CBIC has issued circular No. 240/34/2024- GST dated 31st December 2024 to clarify whether the ITC is required to be reversed by the e-commerce operators to the extent of the supply made under Section 9(5) of CGST Act, 2017. 1. Issue under Consideration Circular No. 167/23/2021 GST dated 17.12.2021 clarified that electronic commerce operators (ECOs), required to pay tax under section 9(5) of CGST Act, are not required to re
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Accounting Today
JANUARY 14, 2025
Insero Advisors LLC, a firm based in Rochester, New York, has received a strategic investment from Rallyday Partners, to accelerate the firm's growth.
Insightful Accountant
JANUARY 14, 2025
The Internal Revenue Service and partners in the Coalition of Scam and Scheme Threats (CASST) today released changes for the 2025 filing season designed to help protect taxpayers from becoming victims of a scam or scheme.
CPA Practice
JANUARY 14, 2025
The regulator has been probing Musks investment in Twitter since 2022, pressing him to him to explain why he hadnt disclosed his stake in Twitter within the correct timeline.
Insightful Accountant
JANUARY 14, 2025
Murph and guest co-host Kim Noh will discuss ProAdvisor, Accountant, Bookkeeper and Tax Preparer training opportunities at TODAY's QB Talks.
Speaker: Joe Wroblewski, Senior Sales Engineer
Is your tech stack working for you—or are you working for it ? 🤖 In today’s world of automation and AI, technology should simplify workflows—not add complexity. Seamless integration and interconnectivity are key to maximizing productivity, optimizing workflows, and improving collaboration. Join expert Joe Wroblewski for a practical and insightful session on how you can build a smarter, more connected tech stack that drives efficiency and long-term success!
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