CPA Practice

JANUARY 20, 2025

The pace of change in the accounting industry will never slow down, and technology will continue to be a primary driver of that change.

accountant 122

accountant accounted Account 122

Insightful Accountant

JANUARY 20, 2025

The current landscape presents a prime opportunity for launching your own tax practice, with retiring baby boomer CPAs creating market gaps and technology reducing startup costs.

cpas 101

cpas Tax 101

RogerRossmeisl

JANUARY 21, 2025

Business valuation experts often rely on prospective financial statements when applying the discounted cash flow (DCF) method to value a private business interest. However, when management prepares financial projections for another purpose such as a loan application repurposing them to estimate fair market value for litigation purposes may raise a red flag.

New York 235

New York financial statements CPA 235

AccountingDepartment

JANUARY 21, 2025

Financial reporting has always been a critical pillar of effective business management. It's the roadmap that guides decisions, uncovers opportunities, and highlights risks. However, in a fast-evolving economic landscape, relying solely on monthly reports or quarterly financial statements is slowly becoming obsolete.

Gaming 82

Gaming financial statements quickbooks Account 82

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 automation to drive productivity and cost savings. Join Wayne Richards and Danny Gassaway from AvidXchange for a practical guide on bringing accounts payable (AP) automation to your organization.

Finance

Accounting Today

JANUARY 21, 2025

Affected taxpayers now have until Oct. 15 to file and pay their taxes, matching the federal relief from the IRS.

California 105

California Tax 105

BurklandAssociates

JANUARY 21, 2025

Accurate accounting for R&D expenses is critical for compliance and can have significant tax benefits as well as financial reporting and operational implications. The post Accounting for R&D Costs in a Biotech Startup: Why Its Important to Get it Right appeared first on Burkland.

Account 147

Account accountant accounted Tax 147

Accounting Today

JANUARY 22, 2025

Charles Hoffman believes the accounting industry is poised for a major shift toward machine-understandable artifacts and semantic knowledge graphs.

Account 69

Account accountant accounted accounting software 69

Reckon

JANUARY 22, 2025

Its a new year for businesses across Australia, and you may be looking to jump-start the engine that once ran smoothly in 2024. With 12 months ahead of you, the best way to get underway is through proper planning with a roadmap. For any roadmap, it is important to have clear and achievable goals for your business, with key dates and goals that will motivate you for the year ahead.

payroll 52

payroll income tax bookkeeping Sales 52

Accounting Today

JANUARY 22, 2025

More states are expected to simplify their sales tax laws and leverage artificial intelligence for doing tax audits, according to a new report from Avalara.

Tax 116

Tax audit Sales 116

RogerRossmeisl

JANUARY 21, 2025

Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely incur various local transportation expenses each year, and they have tax implications. Lets start by defining local transportation. It refers to travel when you arent away from your tax home long enough to require sleep or rest.

Transportation 187

Transportation business tax Tax Maine 187

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Technology

TaxConnex

JANUARY 21, 2025

An exemption certificate is one of the most useful tools that your online company has for sales tax. This little piece of paper is used to exempt an otherwise taxable transaction from sales tax. The overall concept is that the end user incurs sales tax and that all sales of tangible personal property are taxable unless specifically enumerated, usually in legislation.

Non-Profits 147

Non-Profits auditor Hospitality Tax 147

CPA Practice

JANUARY 24, 2025

For now, business information ownership reporting requirements under the Corporate Transparency Act remain voluntary despite the U.S. Supreme Court on Thursday overturning an order from a Texas federal appeals court in December that had halted mandated BOI report filing with FinCEN.

Texas 119

Texas 119

Accounting Today

JANUARY 21, 2025

KPMG US has set up a subsidiary that has filed an application in Arizona to establish a law firm in the state, with hopes of going national.

Arizona 130

Arizona accounting firms Account accountant 130

RogerRossmeisl

JANUARY 21, 2025

Medicare health insurance premiums can add up to big bucks especially if youre upper-income, married, and you and your spouse both pay premiums. Read on to understand how taxes fit in. Premiums for Part B coverage Medicare Part B coverage is commonly called Medicare medical insurance. Part B mainly covers doctors visits and outpatient services. Eligible individuals must pay monthly premiums for this benefit.

Tax 188

Tax Maine CPA 188

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.

payroll

TaxConnex

JANUARY 23, 2025

A new construction project, a renovation or expansion of a property, ongoing management of a property: All these and more can come with a ton of sales tax nuances. Particularly for those construction companies with projects beyond the borders of their home state, where they may have done well with sales tax compliance for many years. For sales tax purposes, a contractor is generally an entity or person engaged in the construction, alteration or improvement of real property.

Sales 147

Sales North Carolina Tax Construction 147

CPA Practice

JANUARY 18, 2025

Clients just starting out need insight on which legal structure to select for their business. Seasoned entrepreneurs may need insight as their company grows and the entity once selected may not be as advantageous as it once was. The New Year is an ideal time to get a refresh on business entity options for your clients.

Legal 123

Legal 123

Accounting Today

JANUARY 24, 2025

Plus, FloQuast achieves ISO 42001 certification on AI systems; and other accounting tech news and updates.

Technology 114

Technology accountant accounted Account 114

GrowthForceBlog

JANUARY 22, 2025

8 min read January 21st, 2024 Every nonprofit leader has a duty to be a responsible, honest, and trustworthy steward of their financial resources. Key Takeaways Foster Financial Transparency: The need for financial transparency in a nonprofit is paramount. Not only does financial transparency support and strengthen donor trust, but it also creates accountability.

accounting and finance 83

accounting and finance Finance Account accountant 83

Speaker: Sierre Lindgren

Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.

Finance

Withum

JANUARY 20, 2025

Employment taxes are always scrutinized by the IRS and state taxing authorities, particularly in the healthcare industry. Audit issues include reclassification of workers from independent contractor to employee; an individual receiving both a Form W-2 and Form 1099 in the same calendar year; incorrect employment tax forms preparation; the failure to issue Forms 1099; and general non-compliance with Form W-9 record-keeping.

Healthcare 78

Healthcare Tax accounts payable audit 78

CPA Practice

JANUARY 21, 2025

The IRS updated frequently asked questions about the Energy Efficient Home Improvement Credit and the Residential Clean Energy Property Credit inFact Sheet 2025-01 on Jan. 17.

Tax 115

Tax 115

Accounting Today

JANUARY 24, 2025

KPMG appoints new global head of audit; Weaver launches health care advisory practice; and more news from across the profession.

CPA 105

CPA audit 105

AccountingDepartment

JANUARY 23, 2025

For entrepreneurs and SMB owners, accounting is the backbone of a healthy business. Without accurate and reliable accounting practices, even the most successful companies can find themselves in turmoil.

Account 71

Account accountant accounted bookkeeping services 71

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

Going Concern

JANUARY 23, 2025

Last year the Institute of Chartered Accountants in England and Wales (ICAEW) put together a report on the state of mid-tier firms across the pond based on a survey of managing partners that we covered in two parts: Heres How Mid-Tier Accounting Firms Are Feeling About Private Equity and M&A Heres How Mid-Tier Accounting Firms Are Feeling About the Talent Crisis and Remote Work The excerpt below is from the first one that covered private equity and mergers/acquisitions : [M]any firms in the

accounting firms 64

accounting firms institute of chartered accountants Account accountant 64

CPA Practice

JANUARY 18, 2025

Users in the U.S. have reported that the popular social media site TikTok has gone offline as of Saturday evening (Jan. 18, 2025). The app was at the center of a recent U.S. Supreme Court case that involved a law passed by Congress last year.

payroll 119

payroll 119

Accounting Today

JANUARY 23, 2025

These institutions serve as examples of how academic structure, focused preparation and student support can help graduates successfully navigate the CPA exam.

CPA 105

CPA Account accountant accounted 105

IgniteSpot

JANUARY 22, 2025

Whether youre considering an in-house hire or an outsourced firm like Ignite Spot, these 10 questions will help you find the best fit for your business.

Account 64

Account accountant accounted bookkeeping 64

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

Going Concern

JANUARY 21, 2025

We knew it was only a matter of time before someone filed a class action lawsuit against BDO USA for all that ESOP stuff. Pretty much ever since the secret partner meeting happened back in 2023 we’ve heard from countless current and former partners saying “Gee I wish someone would sue the s**t out of BDO” (paraphrasing) for everything related to BDO’s deal with Apollo and the ESOP.

Massachusetts 59

Massachusetts accounting and finance Government Finance 59

CPA Practice

JANUARY 20, 2025

The order requires Equifax to comply with federal law, and Equifax must pay a $15 million civil money penalty, which will be deposited into the CFPBs victims relief fund.

Account 111

Account accountant accounted 111

Accounting Today

JANUARY 23, 2025

The Securities and Exchange Commission has rescinded a Staff Accounting Bulletin on safeguarding cryptocurrency assets that had been criticized by the industry and even by some of its own commissioners.

Account 102

Account accountant accounted 102

Withum

JANUARY 21, 2025

Let’s examine the withholding requirements for 401(k) plan distributions. Distribution Withholding Requirements A participant may receive a distribution from their vested account balance when one of the following below occurs: Participant reaches the age of 59 The participant dies, becomes disabled, or terminates employment The Plan terminates and no successor defined contribution plan is established or is maintained by the Plan Sponsor The participant has a financial hardship and the Plan

income tax 52

income tax Tax Account accountant 52

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