Tue.Feb 04, 2025

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Rethinking the billable hour, once and for all

Accounting Today

As artificial intelligence streamlines many accounting tasks, clinging to hourly billing will become increasingly unsustainable.

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8 Series A Fundraising Mistakes to Avoid

BurklandAssociates

By avoiding these common Series A mistakes, youll improve your odds of securing funding and position your startup for long-term success. The post 8 Series A Fundraising Mistakes to Avoid appeared first on Burkland.

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Avalara Report Shows States Trying to Simplify Sales Taxes, Amping Up Audit Teams, and Increased E-Invoicing

CPA Practice

Key findings in the 2025 Avalara Tax Changes report point to nascent state-by-state efforts to alleviate the burden of tax compliance related to economic nexus laws.

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The 2025 Top New Products

Accounting Today

Audit tools take center stage, even as artificial intelligence remains a priority across accounting technology.

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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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Bipartisan State House Bill Would Create Additional Pathways to CPA Licensure in Illinois

CPA Practice

House Bill 2459, introduced on Feb. 3 by state Reps. Natalie Manley (D) and Amy Elik (R), who are both CPAs, would amend the Illinois Public Accounting Act to create two additional pathways to CPA licensure in the state and enhance CPA practice privilege mobility.

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New ways to CPA

Accounting Today

As the profession struggles with its pipeline problem, groups across accounting are targeting one particular hurdle: requirements for licensure.

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More Trending

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Agentic AI: small steps, big aspirations at accounting firms

Accounting Today

Agentic AI is already gathering momentum at accounting firms as leaders anticipate great potential for semi-autonomous bots.

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How large tax and accounting firms can use AI

ThomsonReuters

Jump to Key areas where AI enhances tax services in large firms Barriers to AI adoption in large firms and overcoming them Embrace AI in your large firm for a competitive edge The tax and accounting industry is on the brink of a significant transformation, driven by the integration of artificial intelligence (AI) and generative AI (GenAI). The 2024 Tax Firm Technology Report highlights that 93% of large tax and accounting firms are either actively using, exploring, or considering AI technologie

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Crowe announces firmwide collaboration with OpenAI

Accounting Today

Under the agreement, Crowe will "deeply adopt" ChatGPT Enterprise.

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Thousands of 1099-G Tax Forms Sent to Incorrect Addresses in Maryland

CPA Practice

A printing malfunction caused about 6,000 1099-G forms to end up at the wrong addresses,a notice posted Feb. 4 by the Maryland comptrollers office warned.

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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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Tax rates help drive state-to-state migration

Accounting Today

Americans are moving to states with lower taxes to save money.

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UDA ConstructionOnline Announces New Financial Dashboards

Insightful Accountant

UDA Technologies' ConstructionOnline software is providing powerful new financial dashboards for enhanced business intelligence.

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PCAOB warns audit firms about using 'specialists'

Accounting Today

The Public Company Accounting Oversight Board cautioned about relying on the work of specialists who help with fair value measurements and accounting estimates.

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More than QuickBooks Offers

Insightful Accountant

At QB Talks this month, Murph and Charles Nagel, the founder and chief technology officer of Qvinci, will explore the power of Qvinci to overcome the limitations of QuickBooks.

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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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Student-athletes need an assist with NIL taxes

Accounting Today

Young athletes are raking in as much as several millions of dollars a year, but the nascent legalized pay for student-athletes needs reforms, a new study said.

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Join Me for Today's Webinar on Backup Alternatives

Insightful Accountant

I've researched for Backup Solutions that can be used to keep your QuickBooks Online data safe. Intuit backups are for catastrophic events impacting their entire platform, not customer data issues. You need a backup you can control.

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Wage growth slows at small biz

Accounting Today

Job growth also slowed at small businesses in January, according to payroll company Paychex.

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IRS Urges Taxpayers to Choose Tax Preparers Carefully

Insightful Accountant

The Internal Revenue Service today reminded taxpayers that choosing the right tax professional is essential to helping them avoid tax-related identity theft and financial harm.

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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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RSM Reached $10 Billion Global Revenue Milestone in 2024

CPA Practice

RSM is the sixth global accounting network to reach or exceed revenue of $10 billion in 2024, joining Deloitte, PwC, EY, KPMG, and BDO.

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Outsourced Accounting Services for Marketing Agencies

Summit CPA

Digital marketing agencies can refer to different kinds of businesses, including design-dev agencies, advertising agencies , SEO -ppc agencies, as well as product-only.

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New Hampshire fights out-of-state sales tax

Accounting Today

The Granite State's attempts to protect its retailers may not come to much, though.

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IRS Says No Tax Deduction for IVF Expenses of Surrogate

CPA Practice

In a new private letter ruling, the IRS said that in vitro fertilization (IVF) expenses for a surrogate on behalf of a married couple are not deductible by the couple as a medical expense under the tax code.

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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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RSM grows global revenue to $10B

Accounting Today

RSM International announced its 2024 financial results, reporting 15% growth in global fee income and 11% growth in tax revenues.

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Survey: One in Five Americans Would Rather Renew Driver’s License at a DMV Than Work on Their Taxes

CPA Practice

A new survey from Invoice Home sought to uncover the current state of consumer tax filing for Americans in 2025 and the hurdles people are willing to put themselves through when it comes to filing annually.

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In the blogs: A-changin'

Accounting Today

Future of the IRS; the VAT obstacle; awaiting results; and other highlights from our favorite tax bloggers.

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Will Trump’s Tariffs Impact How Americans Shop? Here’s What a New Poll Found

CPA Practice

Most Americans believe tariffs will lead to higher pricesand, as a result, many have already changed how they shop, new polling from YouGov reveals.

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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

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Trump signs executive action to create sovereign wealth fund

Accounting Today

There are 20 states that have sovereign wealth funds, generally funded by commodities or land, that might serve as models.

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BPM Creates Global Network of Firms

CPA Practice

San Francisco-based top 35 accounting firm BPM launched a new international network, BPM Global Ltd., on Feb. 3 made up of independent member firms, with Australia-based Enspira Financial as its first.

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Sales tax registration: The latest and what’s involved

TaxConnex

Its been almost seven years since the Supreme Courts South Dakota vs. Wayfair decision opened the door for remote sellers sales tax obligations in almost every state. In that time, online businesses need to get sales and use tax registration right has only intensified. Many businesses can now feel overwhelmed with managing sales tax obligations and by the number of applications they must file in every state where they have an economic or physical nexus.

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IRS Income Tax Refund Schedule for 2025

CPA Practice

This chart can help you estimate when you should get your 2025 income tax return, based on when you file and a few other easy factors.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

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.