Going Concern
FEBRUARY 24, 2025
On average 56 minutes a day, or 18 hours a month , according to the 2025 State of AI in Accounting Report by Karbon. Who’s working just 18 days a month? Good for them. Karbon said: On average, accounting professionals save 56 minutes a day (a potential of 18 hours a month) with AI, with over a third (38%) of this time spent on communication tasks like drafting emails and managing correspondence.
CTP
FEBRUARY 24, 2025
The rise of remote work has impacted the majority of industries across the U.S. The Bureau of Labor Statistics found that between 2019 and 2021 the percentage of remote workers rose from less than 17% to over 39% among professional, scientific, and technical servicesincluding tax professionals. Adopting remote working practices comes with both advantages and disadvantages: how can you communicate well across geographies and time zones and make sure the client gets the best product?
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Patriot Software
FEBRUARY 26, 2025
Picture this: You own a small restaurant. One day, you receive an IRS noticeyoure being audited. Do you A) Panic or B) Calmly review your business records? If you know how long to keep business records (and which ones to keep), youll have the supporting documents needed to back up your tax return claims.
Accounting Today
FEBRUARY 26, 2025
Agentic AI represents more than mere automation. It's a paradigm shift that elevates the role of accountants from transactional operators to strategic advisors.
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.
Insightful Accountant
FEBRUARY 23, 2025
In this week's QuickBooks Monday Minute, Murph gives you a few simple steps to run multi-period 'packaged' payroll reports from QBO.
CPA Practice
FEBRUARY 24, 2025
If you get paid through Venmo, PayPal, Cash App or another payment app, you may receive an IRS Form 1099-K this year. Here's what you need to know.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
RogerRossmeisl
FEBRUARY 23, 2025
Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a 401(k) or Roth 401(k), contributing as much as possible to the plan in 2025 is a smart way to build a considerable nest egg. If youre not already contributing the maximum allowed, consider increasing your contribution in 2025.
Patriot Software
FEBRUARY 27, 2025
One of your first choices as a business owner is your accounting method. Before making a decision, take some time to compare the cash-basis vs. accrual basis methods of accounting. Having to switch from cash-basis to accrual-basis after the fact can be difficult.
Accounting Today
FEBRUARY 27, 2025
Even though things are busy, tax pros can't afford to let their guards down on engagement letters, scope creep, data security and much more.
BurklandAssociates
FEBRUARY 25, 2025
Building a scalable Chart of Accounts for your AI startup means aligning standard accounting practices with the unique challenges of a fast-evolving sector. The post Creating a Scalable Chart of Accounts for an AI Startup appeared first on Burkland.
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.
RogerRossmeisl
FEBRUARY 23, 2025
According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging from 4.0% to 4.3% from May to November of 2024. With todays hiring challenges, business owners should be aware that the Work Opportunity Tax Credit (WOTC) is available to employers that hire workers from targeted groups who face significant barriers to employment.
CPA Practice
FEBRUARY 28, 2025
Most farmers and fishers who chose to forgo making estimated tax payments by January that they must generally file their 2024 federal income tax return and pay all taxes due by March 3, 2025.
Accounting Today
FEBRUARY 26, 2025
The Public Company Accounting Oversight Board increased its enforcement activity in 2024 to its highest level since 2017, according to a new report.
Withum
FEBRUARY 24, 2025
In this episode of Cryptonomix, Mark Eckerle sits down with Chris Groshong, President at CoinStructive.
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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.
RogerRossmeisl
FEBRUARY 23, 2025
Global merger and acquisition (M&A) volume is expected to surpass $4 trillion in 2025, the highest in four years, according to Reuters. Reasons for the anticipated surge include recent interest rate cuts by the Federal Reserve and GOP promises of fewer regulations and lower taxes for U.S. businesses and their owners. Tariffs if enacted also could spur consolidation in certain industries.
CPA Practice
FEBRUARY 24, 2025
A total of 200,000 postage stamps worth $146,000 from Hong Kong were seized after an inspection determined the stamps were fake, according to a Feb. 21 CBP news release.
Accounting Today
FEBRUARY 28, 2025
KPMG Law US, based in Arizona, will deliver legal services powered by artificial intelligence and KPMG Digital Gateway.
Patriot Software
FEBRUARY 27, 2025
Getting funding for your business is no walk in the park, especially if youre just starting up. But in order to keep your business dream alive, you need capital. Depending on what stage your business is in, you might seek funding from a venture capitalist (VC) or angel investor.
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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.
RogerRossmeisl
FEBRUARY 23, 2025
According to the Association of Certified Fraud Examiners, when one occupational fraud perpetrator pulls off a scam, the employer suffers a median loss of $75,000. When crooked individuals team up, that median loss rises to $135,000. And when three or more crooks work together to defraud an organization? $329,000. Thats the power of collusion. If such financial consequences werent bad enough, collusion can also destroy a companys reputation.
CPA Practice
FEBRUARY 26, 2025
Beyond malt, hops, yeast and water, aluminum is a key ingredient in the manufacturing process, used to make the cans for most of the craft beer sold at retail.
Accounting Today
FEBRUARY 27, 2025
Taxpayers in Wyoming are expected to procrastinate the most on taxes this year, while taxpayers in Wisconsin are likely to procrastinate the least.
Ryan Lazanis
FEBRUARY 26, 2025
There's always room to improve your client experience. In this episode, I share how this question by Jeff Bezos can help your firm. The post If the System Was Magic, What Would It Do? appeared first on Future Firm.
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.
RogerRossmeisl
FEBRUARY 23, 2025
When selling business assets, understanding the tax implications is crucial. One area to focus on is Section 1231 of the Internal Revenue Code, which governs the treatment of gains and losses from the sale or exchange of certain business property. Business gain and loss tax basics The federal income tax character of gains and losses from selling business assets can fall into three categories: Capital gains and losses.
CPA Practice
FEBRUARY 24, 2025
The AICPA cites the need for these updates to ease the confusion created by disaster relief due to the multiple deadlines for various actions necessary to be eligible for the qualified disaster loss.
Accounting Today
FEBRUARY 26, 2025
The Top 25 Firm is the latest accounting firm to receive a private equity investment, in this case from funds advised by Apax Partners.
Insightful Accountant
FEBRUARY 28, 2025
Voting for both the U.S. and International ProAdvisor Awards begins at 12:01 AM Eastern time Tonight, Saturday, March 1, 2025.
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?
ThomsonReuters
FEBRUARY 28, 2025
As discussed in my previous post, tax reform is a complex jigsaw puzzle where various groups compete to be heard. As these voices cross paths, the legislative process becomes more convoluted. Nowhere is this seen more than in the constant tug of war between Congress and special interest groups. The influence of special interest groups on tax reform As you can imagine, special interest groups play a significant role in shaping tax reform.
CPA Practice
FEBRUARY 28, 2025
The March 21 BOI reporting deadline is no longer in effect, and no fines, penalties, and enforcement actions will be taken until a forthcoming interim final rule from FinCEN becomes effective and sets a new BOI filing due date.
Accounting Today
FEBRUARY 27, 2025
Helping business owners understand the flood of accounting and financial data they face is a major opportunity for accountants.
Patriot Software
FEBRUARY 27, 2025
Calculating your business profits shows you how much money your company brings in. But, not all profit data is the same. There are two types of profit you should understand and use to measure your financial health: gross profit and net profit. What’s the difference between gross profit vs. net profit?
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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