CTP

JANUARY 15, 2025

When that IRS audit notice shows up in the mail, many taxpayers’ first reaction is to panic. For well-trained tax planners, however, this can be our moment to shineand to demonstrate to our clients the immense value that we bring to the table. Many taxpayers dont realize that a number of tax returns are chosen randomly for an audit, which means that anyone could win the audit lottery in any given year.

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Accounting Today

JANUARY 15, 2025

Whether you should hang out your shingle as an accountant depends on the answers to a number of questions.

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CPA Practice

JANUARY 15, 2025

The Treasury Department and the IRS on Monday released proposed regulations for corporate separations and reorganizations, as well asreporting requirementsfor multiyear corporate separations and a draft version of new Form 7216.

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Accounting Today

JANUARY 15, 2025

The Securities and Exchange Commission's chief accountant, Paul Munter, plans to retire from federal service this month.

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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.

Technology

CPA Practice

JANUARY 15, 2025

The Treasury Department and the IRS on Jan. 15 published the firstAnnual Tablethat provides greenhouse gas emissions rates for certain types or categories of facilities that are eligible for the Clean Electricity Production Tax Credit and the Clean Electricity Investment Tax Credit.

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Tax 110

Going Concern

JANUARY 15, 2025

Can you imagine why people at RSM US would think jobs are going to India when they see their colleagues laid off ? It’s a mystery. Anyway, tip we received this PM: RSM US cut a bunch of teams within their risk management function. Impacted teams were conflicts, independence, and enterprise risk management. Chief Risk Officer gave a 5 minute call with no question or answer period.

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audit 69

Accounting Today

JANUARY 15, 2025

The IRS and the Treasury Department issued proposed regs and reporting requirements for multi-year corporate separations and a draft form.

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corporation tax Tax 59

CPA Practice

JANUARY 15, 2025

Employees should also be provided with their copies by this date, so they can make preparations for filing taxes by April 15.

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Tax income tax 102

Accounting Today

JANUARY 15, 2025

KLR, a Top 100 Firm based in Boston, has added Sullivan Bille P.C., based in Andover, Massachusetts.

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Massachusetts 59

CPA Practice

JANUARY 15, 2025

In the Beverly Grove neighborhood of Los Angeles, the asking rent for a two-bedroom condo jumped from $5,000 to $8,000 in the wake ofthe fires.

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California 96

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.

payroll

Accounting Today

JANUARY 15, 2025

1-800Accountant and LegalZoom teamed up, accounts payable's AI-empowered glow-up, and other tech developments from the past month.

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Technology accounts payable Account accountant 59

Menzies

JANUARY 15, 2025

Menzies LLP - A leading chartered accountancy firm. Retention of Title (ROT) iswhere the seller of physical goods attempts to protect itself against non-payment by retaining ownership of those goods until payment is received, even after the goods have been delivered. There are two types of ROT clause: Simple clause The goods supplied under a specific invoice remain the property of the seller until all such goods on the invoice have been paid for.

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AccountingDepartment

JANUARY 15, 2025

When an accounting service provider unexpectedly closes, businesses may find themselves in a rush to retrieve their financial data and maintain operations. The recent closure of a major accounting platform highlights the essential need for businesses to protect their financial information proactively.

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CTP

JANUARY 15, 2025

Just the mention of the word audit can strike fear into a taxpayers heartbut with enough preparation, an audit does not have to be a reason for anxiety. Each year, a number of audits are randomly chosen by the IRS, so the possibility of being audited is unavoidable even if your tax return has been filled out perfectly. So how can taxpayers prepare for this eventuality?

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audit auditor Legal tax return 52

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.

Finance

Shay CPA

JANUARY 15, 2025

As the year comes to a close, you might be thinking about ways to minimize your 2024 tax bill. At any tech company, that means exploring how to maximize your R&D tax credit. Technically called the Credit for Increasing Research Activities , this tax savings opportunity can help companies get as much as $500,000 back. This is an area you dont want to miss out on.

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Menzies

JANUARY 15, 2025

Menzies LLP - A leading chartered accountancy firm. Budget Reforms Fuel Farming Controversy Following the new Labour Governments first budget, Business Property Relief (BPR) and Agricultural Property Relief (APR)reforms to Agricultural Property Relief (APR) and Business Property Relief (BPR) has sparked controversy within the Welsh farming community, fuelling further uncertainty for businesses already navigating uncertain economic conditions.

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Insightful Accountant

JANUARY 15, 2025

North American mineral development company "Atlas Salt" has taken their project, information management and financial efficiency to the next level with Oracle Primavera Cloud, Aconex, and NetSuite.

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NetSuite 52

Ryan Lazanis

JANUARY 15, 2025

Learn how to delegate the right way so you can hand off tasks you dont enjoy, free up your time, and focus on what matters most. The post 5 Steps to Delegate More at Your Firm appeared first on Future Firm.

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Account accountant accounted 52

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.

CPA

Insightful Accountant

JANUARY 15, 2025

Insightful Accountant needs your help updating ProAdvisor preferences for Inventory/Manufacturing Apps working with QuickBooks. Please answer this short survey.

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Manufacturing quickbooks Account accountant 52

CPA Practice

JANUARY 15, 2025

Workwize, a platform for global IT hardware asset management, has closed $13 million in Series A funding led by Klass Capital, with continued support from early-stage investors Peak and Graduate Entrepreneur Fund.

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Insightful Accountant

JANUARY 15, 2025

Murph takes you through the steps to 'Dimensionalize' your accounting using Intuit Enterprise Suite.

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Account accountant accounted 52

Accounting Today

JANUARY 15, 2025

The International Ethics Standards Board for Accountants plans a standard-setting project on accounting firm culture and governance in response to a new report.

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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

Spend Management

Insightful Accountant

JANUARY 15, 2025

The Treasury Department and IRS are proposing significant amendments to Circular 230, marking the most substantial changes since 2014. Here's what you need to know.

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tax preparation Tax 52

CPA Practice

JANUARY 15, 2025

The demand for EPM platforms is surging as organizations seek integrated, cloud-native solutions to address budgeting, forecasting, and consolidation challenges with real-time accuracy.

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Ryan Lazanis

JANUARY 15, 2025

Discover the top project management tools for accountants and what makes each one stand out. We also included project management pro tips. The post Project Management for Accountants: The Complete Guide appeared first on Future Firm.

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Account accounted accountant 52

Accounting Today

JANUARY 15, 2025

A survey from Wolters Kluwer found that accounting firms are planning major tech investments in 2025.

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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.

CPA Practice

JANUARY 15, 2025

Section 45Z of the tax code provides a tax credit for the production of transportation fuels with lifecycle greenhouse gas emissions below certain levels. The credit is in effect in 2025 and is for sustainable aviation fuel and non-SAF transportation fuels.

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Accounting Today

JANUARY 15, 2025

The American Institute of CPAs updated its aid on accounting for and auditing digital assets in response to changes in accounting standards.

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CPA Practice

JANUARY 15, 2025

Under Section 45W of the tax code, the credit may be claimed by purchasing and placing in service qualified commercial clean vehicles, including certain battery electric vehicles, plug-in hybrid EVs, fuel cell EVs, and plug-in hybrid fuel cell EVs.

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Tax 52

Accounting Today

JANUARY 15, 2025

A recent survey from Wolters Kluwer found that implementation of AI search and productivity tools at firms went from 1% in 2023 to 35% in 2024.

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Technology 52

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

Finance