Sat.Nov 23, 2024 - Fri.Nov 29, 2024

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End-Of-Year Planning Essentials for Finance Teams

Acterys

Year-end planning can be overwhelming, but it doesn’t have to be. For finance teams, the end of the year is not just about celebrations — it’s about reviewing financial performance, setting new goals, and developing a strategic plan to ensure future success. However, without the right tools, this period can be full of last-minute scrambles, inaccuracies, and high levels of stress.

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How to Choose the Right Outsourced Accounting Services

Basis 365

Whether you’re a startup or an established company, outsourced accounting can provide the financial expertise you need to grow your business. Many businesses of all sizes have been turning to outsourced accounting services as an essential part of their competitive strategy. However, making sure you have the right accounting service provider is essential.

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How can your small size firm use GenAI?

ThomsonReuters

Jump to ↓ How GenAI empowers small accounting firms Practical steps for integrating GenAI into small firm operations Are you ready to integrate GenAI into your small accounting firm? No matter the size of your accounting firm, GenAI offers a transformative opportunity for operational efficiencies and sustainable growth. From automating routine tasks to enhancing tax research, AI-powered tax technology can provide significant strategic advantages, particularly for small accounting firms.

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Financial Cents Adds New Billing Feature For Accounting Firms

CPA Practice

Practice management software provider Financial Cents has introduced a new billing feature, which enables accounting firms to bill their clients on time, follow up on invoices automatically, get paid faster, and improve their accounts receivable turnover. Key features of the billing feature include: Ability to create one-off and recurring invoices: The billing feature lets you create invoices for your one-off projects, but that’s only one aspect.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

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!

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Driving Year-End Efficiency in Tax Practices: A Manager's Guide

Insightful Accountant

As tax season approaches, tax practices face increasing pressure to optimize operations while maintaining service quality. Forward-thinking managers and owners should focus on key efficiency drivers.

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How to keep clients loyal and happy: CARE to make a difference?

Mark Lee

Accountants have a distinct advantage over many other professionals. Your clients need your help regularly, at least annually—often more. This repeat engagement gives you a natural opportunity to build strong, long-lasting relationships. However, it can also lead to complacency. Unlike solicitors or financial advisers, accountants often assume their clients will stick around as long as there’s no grumbling.

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Generative AI will upgrade you, not replace you: KPMG

Accounting Today

KPMG research has found gen AI has a 3-17% EBITDA impact, but this is no reason to replace human accountants.

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What auditors should keep in mind when taxes and laws change

ThomsonReuters

← Blog home As a new presidential administration takes shape, the potential for substantial shifts in tax laws and other financial regulations is top of mind for auditors. Audit professionals at all levels must be prepared to assess, evaluate, and respond to these changes, all while keeping clients’ needs at the forefront. Let’s take a look at some key considerations to keep in mind as your work to ensure your audit process is both compliant and resilient in an evolving regulatory landscape.

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IRS ‘Get Ready’ Campaign Helps Taxpayers Prepare for Filing Season

CPA Practice

As the nation’s tax season approaches, the Internal Revenue Service is offering a variety of simple steps taxpayers can take now to prepare to file their 2024 federal tax returns. This is part of the IRS’s “Get Ready” campaign to help everyone prepare for the upcoming filing season in early 2025. “Our focus at the IRS continues to be on making tax filing easier and more accessible for everyone,” said IRS Commissioner Danny Werfel.

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Pay Equity Analysis: Compliance Obligation or Business Opportunity?

Acterys

Pay equity represents a strategic opportunity to drive tangible business benefits — if approached with the right framework and tools. But, although many business leaders report seeing the value in pay equity, many still haven’t elevated it to a priority level. For 71% of business leaders , implementing pay equity initiatives is a reactionary compliance exercise rather than a strategic initiative.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

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.

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Thanksgiving: Weird sales tax rules

TaxConnex

Hard to believe Turkey Day is here again. Harder still to believe some of the strange sales tax laws that come with it. Those laws depend on where you’re eating. So as you plan to arrive at your family’s early, marvel that the Detroit Lions are actually good and get ready to send the stuffing around again, chew on these sales tax considerations associated with the feast.

Sales 130
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Patents as Strategic Leverage for Startups: Insights from Jeff Schox

BurklandAssociates

Patents aren’t just paperwork—they’re power moves. Learn how to leverage them for your startup’s success. The post Patents as Strategic Leverage for Startups: Insights from Jeff Schox appeared first on Burkland.

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IRS Will Phase in $600 Form 1099-K Reporting Threshold in 2026

CPA Practice

Tax reporting requirements for online marketplace sellers and gig workers who receive payments via apps like PayPal and Venmo will change dramatically in 2026 when the new $600 Form 1099-K reporting threshold kicks in. The IRS announced on Nov. 26 that payment apps and e-commerce marketplaces like Amazon, eBay, and Etsy—referred to by the agency as “third-party settlement organizations” (TPSOs)—will be required to report transactions when the amount of total payments for those transactions is mo

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Pay Equity Analysis Templates and Tools to Jumpstart Your Project

Acterys

Pay equity analysis refers to the systematic evaluation of compensation across an organization to ensure that employees receive fair pay for work of equal value. It’s not just about ensuring equal pay for identical roles — it also involves assessing the value of different jobs that require similar levels of skill, effort, and responsibility, ensuring comparable worth is accounted for.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

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.

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Notable 401(k) and IRA plan changes for 2025

Accounting Today

The IRS introduced changes to certain contribution limits to 401(k) and retirement plans for 2025, while some limits will remain the same.

Tax 126
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Navigating the Sunset of the Tax Cuts and Jobs Act: Strategies & Impact for Individual Taxpayers

Withum

The impending expiration of the Tax Cuts and Jobs Act (TCJA) on December 31, 2025, marks a significant turning point for individual taxpayers. Enacted in 2017, the TCJA introduced lower tax rates and broader tax brackets, providing substantial relief to many. However, as the sunset date approaches, these provisions are set to revert to their pre-TCJA levels, leading to higher tax rates and compressed brackets.

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Elevating Customer Experience with Effective Tax Solutions

CPA Practice

By Mindy Cunningham. Customer experience (CX) has emerged as a pivotal driver of success across industries, with studies revealing its profound impact on brand loyalty and revenue growth. Research has shown that 32% of consumers will abandon a brand after one bad experience and 86% are willing to pay more for a good experience. These statistics highlight an undeniable reality: delivering outstanding CX is not optional—it is a strategic imperative, even in specialized sectors like tax technology.

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Happy Thanksgiving From AccountingDepartment.com!

AccountingDepartment

This year we're especially thankful for our clients and our team - it is their collective energy, positivity, and dedication to success that has made this such a great year.

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Back to Basics with Reconciliations

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.

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Voluntary sales tax disclosure: A potential boon for states and retailers

Accounting Today

A pending proposal from the Streamlined Tax Governing Board would let businesses that haven't been remitting sales tax come in from the cold.

Sales 121
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Enhancing e-invoicing compliance and efficiency: A new ERP integration for corporate tax professionals

ThomsonReuters

← Blog home In today’s fast-paced global market, the shift towards digital solutions is not just a trend but a necessity. E-invoicing has emerged as a critical component in this digital transformation, offering businesses a streamlined approach to manage e-invoicing processes with increased accuracy and compliance. Recognizing the growing importance of e-invoicing, Thomson Reuters has expanded its partnership with Oracle to deliver a robust solution tailored for corporate tax professionals

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CPE Sessions Announced for Ensuring Success

CPA Practice

On December 18-19, 2024, CPA Practice Advisor is hosting its annual Ensuring Success conference, an online CPE event where professionals can earn up to 14 hours of free CPE credit, with 7 one-hour sessions each day. There is no cost to users to register, attend, and earn CPE credit, and they can choose the ones they want, or can stay for all of the sessions.

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Stop Chasing Payments: How To Streamline Your Construction Receivables

Randal DeHart

Running a small business is a constant juggle, and managing your receivables is one of the more frustrating tasks. How often have you been waiting on overdue invoices? Do you have enough cash flow to cover next month's expenses? If this sounds familiar, you're not alone. Many small business owners need help keeping their accounts receivable in check, which can ultimately impact their business's health and sustainability.

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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

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

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IRS phases in Form 1099-K threshold at $2,500 in 2025

Accounting Today

The Internal Revenue Service extended its transition relief Tuesday for the new Form 1099-K information reporting threshold.

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How to Conduct a Financial SWOT Analysis

GrowthForceBlog

7 min read October 26th, 2024 We all understand the importance of wellness checkups for maintaining the health of our bodies. We visit the doctor regularly to ensure our ongoing well-being by checking in on our vital signs and laboratory test results to make sure our physical systems are functioning properly. We also use these appointments to check in on ongoing health challenges like chronic illnesses in addition to setting goals like losing weight, exercising more, or eating a more nutritional

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Understanding Employees’ Preferences: The Key to CPA Firms Attracting Top Talent in 2025

CPA Practice

By Steve Saah. The field of public accounting is undergoing significant change, from rapid advancements in technology to evolving client expectations, including increasing demand for strategic advisory services. However, in 2025, many CPA firms will be dealing with a challenge that is far from new: attracting skilled talent. Research for the 2025 Salary Guide From Robert Half found that 85% of finance and accounting managers in the U.S. are finding it difficult to locate skilled professionals av

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Leverage FP&A for Smarter Financial Planning

AccountingDepartment

For any business owner, prioritizing the company’s 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 hasn’t 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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Harness the Potential of Your Enterprise Knowledge

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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IRS faces steep budget cuts without congressional action

Accounting Today

The Treasury Department is warning Congress that it needs lawmakers to unlock $20 billion in funding for the Internal Revenue Service that could be rescinded due to duplicative legislative language.

Tax 96
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EY’s New Global Chief Innovation Officer Says the Thing

Going Concern

This week, EY announced the appointment of Joe Depa (literally who?) as Global Chief Innovation Officer. If you were hoping the press release would give you his resume, you’ll be disappointed to find out it drops no names. Throughout the last decade, Depa has worked closely with C-suite leaders and boards to bring innovative products and services to market, improve client and employee experiences, and help enhance operational efficiencies through technology.

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Review of HubSync – The Accounting Technology Lab Podcast – Nov. 2024

CPA Practice

Brian Tankersley, CPA, and Randy Johnston review HubSync , an all-in-one, modern client platform which automates the tax return and other key processes and provides a single gateway to drive “Best-in-Class” collaboration between professionals and their clients. Watch the video, or listen to the audio podcast below (transcript below): – Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.

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Three ways to build a stand-out customer experience

Xero

Customer experience (CX) is more than a buzzword – it’s pivotal to building solid relationships with your customers and gaining a competitive edge. It’s often discussed in the context of large businesses like airlines or banks, but CX is equally important for small businesses, where things like recommendations and positive reviews can make a huge difference.

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Solve Your Firms Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.