CPA Practice

DECEMBER 9, 2024

A new report reveals a dramatic shift in the expectations that businesses and individuals who use accountants have of those professionals, with findings that highlight the need for seamless technology, proactive communication, and personalized service. The 2024 Client Satisfaction Report , commissioned by accounting technology maker TaxDome , provides invaluable data to help firms adapt to the evolving needs of their clients.

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Accounting Today

DECEMBER 9, 2024

Barry's presentation at the Accountants Club of America included his thoughts about the future of small practices, which make up about 43,000 of the estimated 44,000 accounting practices in America.

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Accounting Insight

DECEMBER 10, 2024

Accountancy practices of all sizes must adapt to profound changes affecting the industry. As we approach 2025, maintaining the status quo is no longer a viable option. Success in the year ahead requires careful preparation across multiple fronts: from embracing artificial intelligence and enhancing professional capabilities, to addressing talent acquisition, managing heightened security pressures, and providing strategic counsel on sustainability matters.

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Canopy Accounting

DECEMBER 9, 2024

Canopy's updated guide breaks down every change, update, and addition you will need to know for the 2025 tax season. Download our latest eBook to be the best-equipped tax accountant to help clients this upcoming tax season!

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Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

Finance

ThomsonReuters

DECEMBER 10, 2024

Jump to The transformative potential of AI in advisory Breaking through traditional pricing models Empowering teams through technology Challenges and considerations when adopting tech and AI Embracing technology to unlock advisory services Today, many forward-thinking accounting firms are driving business growth through advisory services. This transition, however, requires a shift in both mindset and business model, as well as a stronger role for technology.

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Technology CPA Tax tax preparation 52

Canopy Accounting

DECEMBER 10, 2024

What's new: Practitioners can now send an invoice to many clients at the same time. As previously announced, they can also invoice one client representing a group of related clients.

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ThomsonReuters

DECEMBER 10, 2024

Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. This type of AI advances from basic automation or content generation to developing systems capable of autonomously performing complex tasks and making decisions. For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself.

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Accounting Today

DECEMBER 12, 2024

Accountants' skill sets can help them navigate leadership, foster innovation and drive successful financial operations in any organization.

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Canopy Accounting

DECEMBER 10, 2024

The key to success in any business is building lasting relationships with clients. However, managing relationships is complicated due to numerous human factors. People are still people even in business.

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TaxConnex

DECEMBER 10, 2024

TaxConnex is paving the way for a new category of sales tax management services UPSOURCING. Building on our strong foundation of sales tax advisory services and managed sales and use tax filing and remittance services, we are introducing two powerful new solutions into our portfolio: Sales Tax Calculation Software: Designed to simplify the process of calculating the proper sales tax, this software integrates seamlessly with a variety of business systems and shopping carts to provide precise, re

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Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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BurklandAssociates

DECEMBER 10, 2024

By setting up clear, fair compensation ranges from the start, youll put your startup on a path to success where your business and your employees can thrive. The post Why Building a Compensation Model is Critical for Startups appeared first on Burkland.

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MyIRSRelief

DECEMBER 13, 2024

How CPAs and Lawyers Can Collaborate with Mike Habib, EA for Tax Representation Referrals Mike Habib, EA, is a trusted tax resolution expert with extensive experience helping individuals and businesses resolve complicated tax issues. His expertise includes representing clients before the IRS and state agencies such as the FTB, EDD, and CDTFA. Mike partners with CPAs and lawyers to address clients facing tax audits, levies, liens, employment 941 payroll tax controversies, non-filers and unpaid ba

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Accounting Today

DECEMBER 11, 2024

Accounting's most influential outline the profession's biggest challenges.

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TaxConnex

DECEMBER 12, 2024

Holiday shopping season offers probably the years best chance for your online business to score big, not only through sales on your own website but also through household-name marketplace facilitators like Amazon. Black Friday this year saw a record $10.8 billion in U.S. online sales up 10.2% over last year. Cyber Monday wasnt far behind, as consumers looked to spend $13.2 billion, up more than 6% over 2023.

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Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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CPA Practice

DECEMBER 10, 2024

Client advisory services (CAS) is poised to continue its impressive trajectory as the fastest growing service area in public accounting, according to the newly released 2024 CPA.com & AICPA PCPS Client Advisory Services Benchmark Survey report. The survey polled more than 200 U.S. firms with CAS offerings and collected data from the 2023 calendar year.

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ThomsonReuters

DECEMBER 10, 2024

Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. This type of AI advances from basic automation or content generation to developing systems capable of autonomously performing complex tasks and making decisions. For tax and accounting firms, agentic AI has the potential to dramatically transform workflows, client services, and the nature of professional work itself.

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Accounting Today

DECEMBER 10, 2024

An injunction from a federal court has paused CTA enforcement, but not eliminated the possibility of it in the future.

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Going Concern

DECEMBER 12, 2024

The PCAOB released a Spotlight the other day [ PDF ] and it seems large firms are just now recognizing that increased offshoring might have a negative effect on the foundational skills early-career auditors. By “negative effect” we mean a loud sucking sound as these tasks get pumped to distant corners of the world where offshore staff work for pennies on the dollar.

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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

Technology

CPA Practice

DECEMBER 9, 2024

The Department of the Treasury and the Internal Revenue Service have issued Revenue Procedure 2024-31 PDF and proposed regulations to provide guidance for the Energy Efficient Home Improvement Credit. The revenue procedure provides procedures and requirements that a manufacturer of specified property must follow to be treated as a qualified manufacturer.

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ThomsonReuters

DECEMBER 10, 2024

Jump to Overview of the recent halting Implications for tax and accounting professionals What’s next? Staying prepared amidst regulatory uncertainty Catch up with the Corporate Transparency Act below More on the Corporate Transparency Act Are you ready? The Corporate Transparency Act became effective Jan 1, 2024 Navigating the Corporate Transparency Act: Key implications and considerations Corporate Transparency Act FAQs The Corporate Transparency Act (CTA) has been a pivotal piece of le

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Accounting Today

DECEMBER 12, 2024

The Internal Revenue Service is adding more features to the Tax Pro Account, Business Tax Account and Individual Online Account, and starting a new enforcement campaign.

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Withum

DECEMBER 13, 2024

Withum is proud to announce that Wendy Terry , Partner and Practice Leader of the Firms Professional Services Industry Team , has been appointed to serve on the City of Orlando Finance Committee. The appointment by Orlando Mayor Buddy Dyer reflects Wendys extensive experience in the accounting profession and commitment to serving the local Central Florida community.

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Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Account

CPA Practice

DECEMBER 12, 2024

Its been months in the works, and today we are excited to share our new site with you! Please click around, enjoy the new features, explore the site, and by all means please share your feedback with us in the Comment section below!

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Wellers Accounting

DECEMBER 10, 2024

UK statutory maternity pay explained for employers. How much leave employees are entitled to, how much to pay them, and claiming the money back from HMRC.

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Accounting Today

DECEMBER 9, 2024

The Treasury Inspector General for Tax Administration completed thousand investigations over the past six months that contributed to more than $6.1 billion in tax savings.

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Withum

DECEMBER 10, 2024

Related Insights Guide to 1099 Preparation: What You Need to Know for 2024 Read More Understanding Cash vs. Accrual Accounting Read More Financial Forecasting: How 3-Way Forecasts Help Predict Future Business Performance Read More Sign up to get the latest OASyS updates by email. Subscribe The post The CFO Spotlight: Stories of Growth and Strategy appeared first on Withum.

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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 technology to drive productivity and cost savings. So, how do you make the case for automation within your organization?

AP Automation

CPA Practice

DECEMBER 7, 2024

There will soon be a new professional tax preparation system available, with options for e-filing returns for forms 1040, 1041, 1120, 1120S and 1065s. These are the most common annual tax returns, representing individuals, estates, corporations, and partnerships. Andrew Argue, a CPA and the founder of Corvee , announced that the IRS has been approved by the Internal Revenue Service to offer e-filing tax preparation software for each of the entities above, and is nearing completion of the corresp

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Patriot Software

DECEMBER 12, 2024

Before you can begin looking into your businesss profit, you need to understand and know how to calculate cost of goods sold (COGS). So, where do you begin? Start here by learning all about COGS, including how to get cost of goods sold using the cost of goods sold equation.

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Accounting Today

DECEMBER 9, 2024

The nominee for head of the Securities and Exchange Commission, Paul Atkins, will pursue a more deregulatory and crypto-friendly approach than Gary Gensler.

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Xero

DECEMBER 9, 2024

Welcome to our monthly roundup of what’s new in Xero. This month, we’ve introduced updates designed to help you to get paid faster, streamline tax rules and regulations compliance, and manage your sales tax with ease. With enhancements from the ability to send invoices via SMS to improvements in Xero Tax and sales tax reporting, we continue to make Xero even better.

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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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