Sat.Jan 25, 2025 - Fri.Jan 31, 2025

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How to Get Tax Clients: 13 Practical Tips

Ryan Lazanis

Want to pull in new tax clients for your firm? Do these 13 actionable strategies that I've tried and tested over the years. The post How to Get Tax Clients: 13 Practical Tips appeared first on Future Firm.

Tax 52
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Best Practices in Accounting Data Management for Entrepreneurs

AccountingDepartment

Effective accounting data management isn't just about tidy spreadsheets and balancing your books. It's about safeguarding your business's financial health while ensuring seamless operations.

Account 59
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Automation's place in sales tax compliance

TaxConnex

AI and automation are all the rage, but does it have a place in your sales tax compliance process? If so, where? For many businesses, software and automation can serve an important purpose in the compliance process. Businesses need a way to calculate the correct sales tax to charge in states where they have a sales tax obligation, and for this, automation can be a great solution.

Sales 147
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Financial Modeling: A Comprehensive Step-by-Step Guide

Acterys

Financial modeling is an essential tool in corporate finance and business decision-making. By creating structured representations of a companys financial data, financial modeling enables stakeholders to forecast future cash flows, evaluate investment opportunities, and strategize for revenue growth. In this guide, we’ll explore what financial modeling is, the types of financial models, the benefits they provide, and how to create effective financial models.

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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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Financial guide for NFP organisations under 750k

Accounting for Good

NFP organisations with a turnover under 750K will find high-level accounting services cost-prohibitive.

Account 52
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Common accounting terms for not for profit organisations

Accounting for Good

Are you a Not For Profit organisation? We know the terms and acronyms in accounting can be overwhelming at times.

More Trending

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What Should You Do If You Suspect Your Tax Preparer Is Being Investigated by the IRS?

CPA Practice

The following is a detailed look at why your preparer's legal troubles place you at risk, what signs might indicate they are under scrutiny, and which immediate steps you can take to protect yourself from civil and criminal tax exposure.

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Utilizing FP&A for More Effective Financial Planning

AccountingDepartment

For any business owner, prioritizing the companys future is essential. Financial planning plays a crucial role in this, enabling business owners to drive growth and broaden their operations. If a business owner hasnt focused on this aspect, they need to understand what it is, what it does, and how it differs from regular accounting. What Is FP&A?

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Tax season kicks off with non-tax issues center stage

Accounting Today

With relatively fewer tax changes to worry about, BOI and tariffs are top of mind for some experts.

Tax 110
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R&D Tax Credit Misconceptions Could Cost Your Startup Six Figures

BurklandAssociates

Think your startup doesnt qualify for R&D tax credits? Think again. You could unlock $500,000 or more in annual savings. The post R&D Tax Credit Misconceptions Could Cost Your Startup Six Figures appeared first on Burkland.

Tax 147
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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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TIGTA Alerts Taxpayers of New Tax Season Text Message Scam

CPA Practice

Scammers impersonating the IRS are texting taxpayers leading them to believe they're going to receive an economic impact payment, also known as a recovery rebate credit, but it's a scheme to steal their personal data, TIGTA said on Jan. 28.

Tax 103
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Fashion forward: New York’s Fashion Workers Act threads new standards

ThomsonReuters

Blog home The New York Fashion Workers Act , set to take effect on June 19, 2025 , introduces significant changes to the fashion industry, particularly for Model Management Companies (MMCs) and their clients. This legislation aims to enhance protections for models and ensure greater transparency and fairness in their working conditions. Miguel Lopez, a shareholder at Littler Mendelson and an expert in employment law, shared his insights on the Act with Thomson Reuters’ Checkpoint Payroll

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Senators propose fixes to IRS administration

Accounting Today

Senate Finance Committee chairman Mike Crapo. R-Idaho, and ranking member Ron Wyden, D-Oregon, issued a discussion draft of bipartisan legislation.

Idaho 114
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Federal Funding Freeze: Crisis Averted… for Now

Withum

The federal funding freeze frenzy that just took place over the last 48 hours was eye-opening for many of us. The not-for-profit industry as a whole and many government-funded organizations went on a two-day roller coaster that started with “you will not be funded– all payments are frozen” to “OMB order rescinded.” This short-term chaos has pointed out the fragility of the industry, where the dependence on government funding, and the chaos that ensues when cash flow

Legal 52
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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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Edge Marketing Launches Future-Ready Strategy that Integrates AI

CPA Practice

The new systems and protocols will ensure that AI is used not just effectively, but responsibly, enhancing creativity and optimizing performance all while

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Why Businesses Should Review Fidelity Coverage

Dent Moses

Employee embezzlement, the act of an employee misappropriating company funds or assets for personal gain, is a pervasive risk that businesses cannot afford to ignore. While organizations often implement internal controls and monitoring mechanisms to mitigate this risk, no system is foolproof. Fidelity coverage, a specialized type of insurance that protects businesses against losses caused by employee dishonesty, is often ignored or has inadequate coverage.

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Gig workers unaware of lower 1099-K threshold

Accounting Today

Millions more taxpayers will be receiving the Form 1099-K in the mail this year for the first time if they were paid $5,000 or more last year.

Tax 110
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Crunching the Numbers on How Many Core CPA Exam Sections Were Taken in 2024

Going Concern

Yesterday NASBA released scores for Core CPA exam sections taken from October 1 – December 26, 2024, the last group of scores for sections taken last year. Let’s check out the numbers: On January 29, NASBA received and processed the following scores from the AICPA: pic.twitter.com/6kbvbwtP62 — NASBA (@NASBA) January 29, 2025 CPA exam scores processed for October 1 – December 26, 2024: AUD: 8,766 FAR: 11,461 REG: 7,694 Total Core exam sections taken: 27,921 There were four

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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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Deloitte Acquires SaaS Technology Company SimplrOps

CPA Practice

The Big Four firm said Jan. 27 that it has acquired SimplrOps, a San Jose, CA-based boutique enterprise software-as-a-service technology company known for streamlining and automating Workday, SAP, and Oracle operations and implementations.

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2025 Tax Filing Season Starts As IRS Begins Accepting Tax Returns Today

Insightful Accountant

The Internal Revenue Service opened the 2025 tax filing season today and is accepting and processing federal individual tax year 2024 returns.

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Rupert Murdoch tests how irrevocable a trust can be

Accounting Today

The media mogul is in court to allow him to change the terms of a trust but it's not that easy.

Legal 112
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Fraud by Top Executives

FraudFiles

Its easy to assume that upper-level executives in companies with fraud scandals were always bad people. By assuming that they were inherently bad people, we dont have to confront the issues related to trusting people who seemed trustworthy. We dont have to explore the idea that people can turn bad or choose a bad path [.

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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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Acumatica to Debut AI Studio, Acumatica Labs in 2025

CPA Practice

Cloud enterprise resource planning provider Acumatica announced this week several updates and enhancements it will release in 2025 for small and midsized businesses.

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Clarification on Applicability of GST Provisions on Vouchers | Circular No. 243/37/2024-GST Dated 31st December 2024

VJM Global

The applicability of GST Provisions on vouchers has always been a matter of litigation wherein GST officials take different opinions creating ambiguity and litigations. Several questions are prevailing in the Industry to the taxability of vouchers such as: whether transactions in vouchers are considered a supply of goods or services; whether GST is leviable on the trading of vouchers by distributors or sub-distributors; Is GST applicable to unredeemed vouchers (breakage)?

Account 52
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Archeologists uncover tax fraud in ancient Rome

Accounting Today

Court documents from an ancient tax fraud and forgery case show that tax evasion was an issue even 2,000 years ago.

Tax 106
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Vertex releases 2024 Year-End Sales Tax Report

Insightful Accountant

Vertex has released their 2024 Year-End Sales Tax Rates and Rules report, highlighting significant shifts in local tax structures and the growing complexity of tax compliance across the United States.

Sales 52
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Profit in the Details: Rethinking Spend for Monumental Impact

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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Platform Accounting Group Expands in New York City

CPA Practice

Holladay, UT-based Platform Accounting Group has added New York City-based AKM Advisors, formerly known as Adelman Katz & Mond, an accounting firm that has been in practice for more than 35 years and offers a wide range of financial services to clients.

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Updates to Intuit Assist - From Intuit's 'In the Know' (Our Take)

SchoolofBookkeeping

Intuit claims to have been tuning into their customers' woes, particularly those grappling with the cumbersome task of managing accounts payable. Users have long been exasperated with the tedious manual entry of bills, a process that demands painstakingly typing each one into the system. Yes, QuickBooks did offer a receipt capture feature, but let's be honest—it was missing key functionalities and often failed to populate the necessary fields accurately.

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Ethical wills can be a crucial tool for estate planning

Accounting Today

They give advisors an opening into deeper conversations with clients, while their clients can express the larger vision behind their hopes for the future.

Tax 107
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A New CEO and CFO at Ignition

Insightful Accountant

Ignition has names their Global President Greg Strickland as their new CEO, and Amy Food as their new CFO.

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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.