Going Concern

JANUARY 1, 2025

At the start of last year we ran a little survey asking readers what they thought would be the biggest issues impacting the profession in 2024. And at that time, the talent shortage won out as the biggest of the big issues. By a large margin at that. What will be the biggest issue affecting the profession in 2024? With 2024 now behind us it’s safe to say that the talent shortage, which we’ve come to regard as a b t talking point at this point since firms don’t seem interested i

accounted 100

accounted Account accountant cpas 100

RogerRossmeisl

DECEMBER 28, 2024

Job applicants must work hard to stand out in a crowded marketplace. For some, that means bending the truth or outright lying about their experience, skills and education. According to a survey performed by resum-writing service StandOut CV, a staggering 64.2% of Americans have lied on their resum at least once. Bad hires can generate direct and indirect costs, including lost productivity, customer dissatisfaction and wasted training time.

Education 208

Education Legal CPA 208

AccountingDepartment

JANUARY 2, 2025

In today's fast-paced business environment, numbers alone won't cut it. It's about transforming those numbers into meaningful insights that can guide strategic decisions and drive growth. Financial analytics offers medium-sized businesses a powerful tool to convert raw data into actionable strategies, giving them a competitive edge. Let's explore how leveraging financial analytics can revolutionize business operations , improve decision-making, and enhance overall efficiency.

accounted 85

accounted Account accountant 85

RogerRossmeisl

DECEMBER 29, 2024

Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will still increase for 2025. The IRS recently announced next years inflation-adjusted amounts for several provisions. Here are the highlights. Standard deduction. What does an increased standard deduction mean for you?

Tax 205

Tax income tax CPA 205

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

Accounting Today

DECEMBER 31, 2024

The proposed instructions relate to filing for the research credit.

Tax 105

Tax 105

Accounting Today

DECEMBER 30, 2024

Evaluate your accomplishments this year and see how to build on them.

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accounted Account accountant 40

inDinero Tax Tips

JANUARY 1, 2025

When youre building a tech startup, accounting probably doesnt feel very exciting. Who wants to think about spreadsheets when youre busy building or scaling? But, as a Y Combinator funded company and referral partner, weve noticed a pattern: promising startups regularly fail because of poor financial management. In this article, well explore the essentials of tech startup accounting, including best practices, common mistakes, and the accounting software we think will make your life easier.

accrual accounting 52

accrual accounting accounted Account accountant 52

ThomsonReuters

DECEMBER 30, 2024

With the Republican win in the U.S. presidential election , the tax and accounting profession is bracing for the potential tax law changes that now lie ahead as President-elect Donald Trump returns to the White House. Meanwhile, the IRS has outlined several of its planned adjustments for 2025. Jump to IRS adjustments for 2025 401(k) and Roth changes Future of the TCJA Elimination of taxes on Social Security benefits Stay aware of upcoming tax law changes On the campaign trail, Trump floated a w

Tax 104

Tax income tax tax planning accounting and finance 104

Accounting Today

DECEMBER 30, 2024

Accounting Today is looking for firms that belong in its prestigious annual rankings of the biggest practices in the field.

accounted 116

accounted Account accountant 116

RogerRossmeisl

DECEMBER 29, 2024

If youve reached age 70, you can make cash donations directly from your IRA to IRS-approved charities. These qualified charitable distributions (QCDs) may help you gain tax advantages. QCD basics QCDs can be made from your traditional IRA(s) free of federal income tax. In contrast, other traditional IRA distributions are wholly or partially taxable, depending on whether youve made nondeductible contributions over the years.

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Tax income tax CPA 234

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

TaxConnex

JANUARY 2, 2025

Every new year brings a ton of developments in all varieties of tax. Sales tax driven by burgeoning eCommerce, dynamic kinds of nexus and a steam of new tech and products that jurisdictions see as lush sources of revenue again has more than its share of trends on tap for 2025. Heres a look at a few. More tax in more states. New sales taxes scored some wins but hardly ran the table on last election day: Voters in plenty of communities said no to new or increased sales taxes in 2025.

Sales 147

Sales Tax South Dakota North Dakota 147

BurklandAssociates

DECEMBER 30, 2024

From inspiring founder stories to valuable insights from investors, these 2024 Startup Success episodes are must-listens. The post Burklands Top Startup Podcast Episodes of 2024 appeared first on Burkland.

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accounted Account accountant 147

CPA Practice

JANUARY 3, 2025

Biden announced his formal decision on Friday after the case was referred to him by a U.S. security review panel, ahead of a deadline early next week.

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accounted Account accountant 111

RogerRossmeisl

DECEMBER 29, 2024

Youre not alone if youre confused about the federal tax treatment of business-related meal and entertainment expenses. The rules have changed in recent years. Lets take a look at what you can deduct in 2024. Current law The Tax Cuts and Jobs Act eliminated deductions for most business-related entertainment expenses. That means, for example, that you cant deduct any part of the cost of taking clients out for a round of golf or to a football game.

Entertainment 200

Entertainment Gaming CPA Tax 200

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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.

Accounting Today

DECEMBER 30, 2024

Canadian accounting firm Bench, which abruptly shut down last week, has been acquired by payroll and onboarding solutions firm Employer.com.

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payroll accounting firms accounted Account 122

Going Concern

JANUARY 3, 2025

Psst, take our 2025 Predictions for the Accounting Profession survey. To see 2024 survey results, check out this post. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday.

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auditor audit Rhode Island cpa firm 98

CPA Practice

DECEMBER 31, 2024

Accurate projections arent just about staying compliant with the law. Theyre about giving clients the confidence to make smarter decisions.

Tax 115

Tax 115

RogerRossmeisl

DECEMBER 29, 2024

There are three commonly accepted techniques for valuing a closely held business: the cost (or asset-based) approach, the market approach and the income approach. Valuation professionals routinely consider all three approaches before deciding which is most appropriate for the circumstances or choosing to use a blend of approaches. Some people mistakenly assume that the cost approach will always undervalue a business or business interest.

CPA 200

CPA 200

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!

payroll

Accounting Today

JANUARY 2, 2025

The worsening talent shortage and new policies from the Internal Revenue Service top the list of the stories our readers flocked to.

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accounted Account accountant Tax 111

Insightful Accountant

JANUARY 2, 2025

The enforcement status of the CTA continues to shift following recent Fifth Circuit decisions. After initially granting the emergency motion to stay a nationwide injunction on December 23, the Fifth Circuit's merits panel reversed course.

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CPA Practice

DECEMBER 30, 2024

The move comes days after Bench left thousands of its customers scrambling before year end and with the 2025 tax season right around the corner by announcing Dec. 27 it was shutting down.

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accounted Account accountant Tax 117

RogerRossmeisl

DECEMBER 29, 2024

If your business is particularly busy, you may temporarily outsource some of its work to third-party contractors. Hiring contractors can be a cost-effective way to manage seasonal or even ordinary customer demands without hiring new employees or making other long-term investments. However, third parties can introduce some financial, legal and reputational risks.

Transportation 208

Transportation Legal CPA 208

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.

Account

Accounting Today

DECEMBER 31, 2024

Experts expect 'scattershot, unhelpful reporting' of crypto assets and transactions for the first few years with the 1099-DA.

Tax 116

Tax 116

GrowthForceBlog

JANUARY 2, 2025

8 min read December 31st, 2024 Every nonprofit leader knows that year-end giving is often the biggest fundraising event of the year. Throughout the holiday season, the spirit of giving is strong, and businesses are also looking for last-minute opportunities to increase their tax write-offs for the year. Key Takeaways Demonstrate Impact: In addition to thanking your donors and including the compliance-required information in your year-end donor acknowledgment, you should also demonstrate the impa

Tax 85

Tax accounted Account accountant 85

CPA Practice

DECEMBER 30, 2024

For many people, retirement is a major goal and represents a life milestone. Unfortunately, 35% of American workers feel significantly behind when it comes to their retirement savings, according to Bankrates 2024 Retirement Savings Survey.

payroll 115

payroll 115

RogerRossmeisl

DECEMBER 29, 2024

If you own a growing, unincorporated small business, you may be concerned about high self-employment (SE) tax bills. The SE tax is how Social Security and Medicare taxes are collected from self-employed individuals like you. SE tax basics The maximum 15.3% SE tax rate hits the first $168,600 of your 2024 net SE income. The 15.3% rate is comprised of the 12.4% rate for the Social Security tax component plus the 2.9% rate for the Medicare tax component.

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Tax CPA business tax 194

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

Accounting Today

DECEMBER 31, 2024

The Internal Revenue Service issued final regulations for sales and exchanges of digital assets on the new Form 1099-DA for decentralized finance brokers, along with transition relief.

Tax 115

Tax Finance Sales 115

AccountingDepartment

DECEMBER 31, 2024

In an ever-evolving business landscape, anticipating and adapting to future challenges and opportunities is crucial for achieving long-term success. As companies strive to stay ahead, CFO support services have emerged as a vital component in future-proofing business operations. Providing expert financial guidance, strategic planning, and technological integration, these services play a pivotal role in ensuring stability and growth.

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bookkeeping services bookkeeping accounted Account 82

CPA Practice

DECEMBER 30, 2024

Decembers fall in confidence was led by consumers over 35 years old; consumers under 35 became more confident.

payroll 111

payroll 111

RogerRossmeisl

DECEMBER 29, 2024

As a small business owner, managing health care costs for yourself and your employees can be challenging. One effective tool to consider adding is a Health Savings Account (HSA). HSAs offer a range of benefits that can help you save on health care expenses while providing valuable tax advantages. You may already have an HSA. Its a good time to review how these accounts work because the IRS has announced the relevant inflation-adjusted amounts for 2025.

Tax 147

Tax tax return CPA Account 147

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.

Account