Summit CPA
NOVEMBER 12, 2024
Mergers and acquisitions (commonly known as M&A) is on a lot of people's minds. Post-Covid, money dried up and EBITDA shrank, but today the market for agencies feels stronger than in 2023. Owners who had been sitting on the sidelines are now more likely to put themselves back in the M&A game.
GrowthForceBlog
NOVEMBER 13, 2024
9 min read November 6th, 2024 Looking at nonprofit financial management from a for-profit perspective makes the unique needs of a nonprofit's back office seem exceedingly complex. Key Takeaways Why Fund Accounting Is Crucial for Nonprofit Organizations: In nonprofit organizations, the goal and rules of accounting differ from the for-profit world. Nonprofit organizations aim to use almost all of their resources to further their mission in the.
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Ryan Lazanis
NOVEMBER 13, 2024
Tax season often leads to overtime for firm owners, but it doesn’t have to. Discover a series of simple strategies to break the cycle. The post Your First Step To No Overtime This Tax Season appeared first on Future Firm.
CPA Practice
NOVEMBER 11, 2024
A Top Technology Initiative Article by Randy Johnston. Many of you are anticipating the year ahead. The outlook couldn’t be brighter with new opportunities, technologies, challenges, and clients looking to take advantage of your service offerings. In this column, I will illustrate portal and AI support with some new platforms that are examples of improved automation and AI.
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.
AccountingDepartment
NOVEMBER 13, 2024
Opting for outsourced client accounting services can significantly conserve time and resources for your business. Nevertheless, locating a reliable outsourcing partner can be difficult. But how can you be sure you’re choosing an outsourced accounting service you can trust? A few characteristics of trustworthy, competent, and reliable accounting services will help you know the provider you chose is the right one.
TaxConnex
NOVEMBER 12, 2024
Fear frequently motivates all tax compliance. And with sales tax, as with most other kinds of tax, that fear is of an audit. This unwanted (and sometimes seemingly random) scrutiny from tax jurisdictions can terrify small companies. Fact is, reasons for an audit can vary from a jurisdiction’s unique methodology to audits of one’s customers or vendors to simple bad luck.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Randal DeHart
NOVEMBER 15, 2024
Setting financial goals for your construction business may be one of your most important responsibilities as a leader and business owner. Your financial goals serve as far more than wishful projections; they form the backbone of your road map for success, both internal and external. Financial goals are something that every single business should possess regardless of its market, model, or size.
CPA Practice
NOVEMBER 12, 2024
CPA Practice Advisor has opened the nomination period for one of its most prestigious awards. The Most Powerful Women in Accounting Awards , now in their 12th year, were created by CPA Practice Advisor to promote and support the success of women leaders as part of its broader mission of sustaining the profession. There are no costs associated with nominations or award recognition.
Accounting Today
NOVEMBER 11, 2024
Credits or deductions for renovations, repairs or energy-efficient upgrades are available — but clients often need reminders and professional help to get them.
TaxConnex
NOVEMBER 14, 2024
Sales tax comes with a lot of important terms. One is “drop shipment.” Drop shipments are common in ecommerce and often occur when a seller uses a distributor for order fulfillment to a buyer. In such a transaction, a distributor must charge sales tax to the seller. Sounds simple – and in many ways it is, except that a drop shipment can often involve not two but three locations (usually states) where sales tax must be considered.
Advertiser: Paycor
Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!
BurklandAssociates
NOVEMBER 12, 2024
From cash flow hacks to cost-saving insights, learn how Fractional CFOs keep startups resilient. The post Smart Strategies Fractional CFOs Use to Stretch a Startup’s Cash appeared first on Burkland.
MyIRSRelief
NOVEMBER 15, 2024
Essential Bookkeeping Tips to Maximize Tax Deductions for Small Businesses Running a small business comes with a myriad of responsibilities, and one of the most crucial is managing your finances effectively. Proper bookkeeping is not just about keeping your business afloat; its also about maximizing your tax deductions to ensure youre not paying more than necessary.
Accounting Today
NOVEMBER 12, 2024
The highest marginal tax rate for 2025 is 37% and the lowest is 10%.
CPA Practice
NOVEMBER 12, 2024
This webinar will be held on Thursday, December 12, 2024 at 12:00pm ET Sponsor: Avalara Duration: 1 Hour Register Now This webinar is designed for accountants using QuickBooks, Xero, or similar accounting software. Learn how Avalara integrates seamlessly with your existing tech stack, saving time, reducing costly errors, and hear firsthand from a firm that has supported clients through their tax compliance journey.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Withum
NOVEMBER 12, 2024
Understanding when audited financial statements of a retirement plan are required to be attached to a Form 5500 is an important part of demonstrating fiduciary responsibility over the plan and preventing unnecessary fines for an invalid filing of the 5500. A plan is required to have an audit attached to the Form 5500 when they are a “large plan”. For plan years beginning on or after January 1, 2023, the plan has an audit requirement if they have 100 participants with account balances as of the f
Insightful Accountant
NOVEMBER 14, 2024
This week, we are proud and honored to share the profile of Lauretta Finis, Insightful Accountant's 2024 International ProAdvisor of the Year.
Accounting Today
NOVEMBER 15, 2024
Facing a backlash from audit firms about its proposal to toughen the standards for failing to detect noncompliance with laws and regulations, the Public Company Accounting Oversight Board has decided to delay action on the standard this year.
CPA Practice
NOVEMBER 11, 2024
By Steve Saah. Succession planning is a crucial element in the strategic management of any organization, and CPA firms are no exception. As a business built on expertise, relationships and trust, your firm can face unique challenges when it comes to transitioning leadership — especially if you don’t have a plan and the employees you’d like to promote aren’t prepared to ascend.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Withum
NOVEMBER 12, 2024
Warehouse and inventory management is at the heart of business operations across industries like distribution, manufacturing, retail and healthcare. Yet, many businesses still rely on manual processes that are prone to errors, inefficiencies and operational delays. Automated inventory management solutions can help address these issues, as inaccurate stock counts and shipping delays can directly impact a company’s bottom line and customer satisfaction.
AccountingDepartment
NOVEMBER 14, 2024
Last week, AccountingDepartment.com Co-Founder, Bill Gerber, and Business Development Representative, Shawn Marcum hit the road and attended the Genius Network Annual Event in Scottsdale, AZ.
Accounting Today
NOVEMBER 14, 2024
The rule change addresses situations in which a firm has ceased to exist, is nonoperational or no longer wishes to remain registered.
CPA Practice
NOVEMBER 15, 2024
By Alex Smith. No one said running a successful accounting practice was easy. Even in the smoothest and most uneventful of times, there are a variety of factors that need to be taken into consideration and successfully managed to ensure profitable operations. Throw a disruptive new technology like generative AI into the mix, and this balancing act becomes even more difficult to pull off.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
IgniteSpot
NOVEMBER 12, 2024
I’ve been working in accounting long enough to know that the way we learn and grow in this profession has needed an update for a while. When I first got involved with the ProAdvisor Academy , I saw an opportunity to help shape a program that could fill a gap I’ve noticed for years: the need for education that truly integrates accounting principles with real-life, hands-on experiences using software.
Accounting Seed
NOVEMBER 15, 2024
How to trust your numbers and know your business is providing a reliable picture of performance You stare at last month’s recurring revenue numbers and wonder if you can justify a major investment in new product development. But the rows and rows of data aren’t giving you what you need. For one, the report came in late, which leaves you little time for analysis.
Accounting Today
NOVEMBER 14, 2024
The invitation to comment requests input on financial key performance indicators such as EBITDA and free cash flow and how they should be treated.
CPA Practice
NOVEMBER 13, 2024
RSM, a major provider of assurance, tax and consulting services for the middle market, has announced a strategic business relationship with Additive to enhance tax service capabilities with the Additive generative AI platform. This collaboration positions RSM as a pioneer in integrating advanced AI technology into K-1, K-3, State K-1 and related document processing, enabling rapid and reliable tax solutions for clients and RSM engagement teams.
Speaker: David Warren and Kevin O'Neill Stoll
Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng
Canopy Accounting
NOVEMBER 13, 2024
In this episode of Canopy’s Practice Success Podcast , guest host Davis Bell, CEO of Canopy, sits down with Enrico Palmerino, the CEO of Botkeeper. They explore the intersection of accounting, AI, and technology. Enrico shares his journey from a young entrepreneur managing accounting challenges to founding Botkeeper, a platform dedicated to automating bookkeeping processes.
Basis 365
NOVEMBER 14, 2024
One of the biggest financial challenges facing creative agencies and professional services firms is managing cash flow, especially when dealing with high labor costs and project-based work. For these types of businesses, employees are not only the biggest asset but also the largest expense. Yet, even with talent that delivers exceptional value to clients, many firms struggle with a simple yet critical task: getting paid quickly.
Accounting Today
NOVEMBER 13, 2024
The Financial Accounting Standards Board issued a proposed accounting standards update that aims to improve the navigability of the disclosures that need to be provided for interim reporting periods.
CPA Practice
NOVEMBER 11, 2024
The Public Company Accounting Oversight Board (PCAOB) revoked the registration of a Chinese audit firm on Nov. 8 for repeated violations of U.S. auditing rules and for failing to cooperate with an investigation into those violations. Over a period of several years, JTC Fair Song CPA Firm, a public accounting firm located in Shenzhen, the People’s Republic of China, repeatedly failed to make required filings in accordance with PCAOB rules, the audit regulator said.
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The first Market Momentum Index: AI and Unstructured Data Management, conducted by Deep Analysis with support from AIIM and M-Files, surveyed 500 enterprises across various industries to assess their readiness to employ AI. The results reveal that AI is already far more embedded into organizations' operations than previously realized. These findings and more insights have been brought to you in the "Market Momentum Index: AI and Unstructured Data Management.
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