Basis 365

DECEMBER 23, 2024

The holiday season is a time for businesses to capitalize on increased consumer spending, yet despite the cheery holiday decoration, this period can be rife with accounting challenges for businesses. From managing cash flow to preparing for year-end reporting, the pressure on your accounting needs can quickly escalate during the holidays. Lets take a look into why businesses struggle with their accounting during the holidays, the common mistakes they make, and how outsourced bookkeeping and outs

bookkeeping 52

bookkeeping accountant accounted Account 52

AccountingDepartment

DECEMBER 24, 2024

In the dynamic world of medium-sized businesses, growth isn't just a goalit's a necessity for survival and success. Yet, achieving sustainable growth requires more than just ambition; it demands a strategic approach powered by accurate financial insights. This is where precise financial reporting becomes a game-changer, offering a roadmap to navigate the complexities of business expansion.

Gaming 79

Gaming quickbooks 79

Accounting Today

DECEMBER 24, 2024

The SECURE 2.0 Act contained changes to traditional and Roth individual retirement accounts and 401(k) plans that are being phased in over several years.

accountant 105

accountant accounted Account Tax 105

AccountingDepartment

DECEMBER 26, 2024

For many medium-sized businesses, the decision to maintain an in-house accounting team seems like a straightforward choice. After all, having an on-site dedicated team can seem beneficial for managing financial operations closely. However, beneath the surface lies a myriad of hidden costs that can significantly impact your bottom line. This blog post explores these hidden costs and examines whether outsourcing accounting functions might be a smarter, more efficient alternative.

accountant 87

accountant accounted Account bookkeeping services 87

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

CPA Practice

DECEMBER 23, 2024

Data is at the core of incorporating AI and automation into your firms workflows. Without a deliberate data strategy, these initiatives can fall short.

Technology 64

Technology 64

Accounting Today

DECEMBER 23, 2024

If enacted, the regs would require practitioners to maintain a certain level of technological competence, among other things.

Tax 116

Tax tax preparation 116

CPA Practice

DECEMBER 22, 2024

The Internal Revenue Service has announced plans to issue automatic payments later this month to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns.

tax return 104

tax return Tax income tax 104

RogerRossmeisl

DECEMBER 24, 2024

Following a significant federal Court of Appeals decision on December 23, 2024, the Financial Crimes Enforcement Network (FinCEN) has once again mandated that reporting companies file Beneficial Ownership Information (BOI). However, recognizing the confusion and delay caused by a recent preliminary injunction, FinCEN has graciously extended the deadline for compliance.

CPA 218

CPA cpa firm business tax Tax 218

CPA Practice

DECEMBER 23, 2024

If youve settled into a hybrid environment, you may hear some backlash, but you may also have some excited staff members who enjoy being in the office.

accounting firms 89

accounting firms accountant accounted Account 89

BurklandAssociates

DECEMBER 22, 2024

From best practices for board reporting to election year insights, explore Burklands most popular startup blog articles of 2024. The post Burklands Top Startup Blog Articles of 2024 appeared first on Burkland.

Tax 147

Tax accounted accountant Account 147

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Accounting Today

DECEMBER 23, 2024

From those with no individual income tax at all, to those with complex tax structures a guide to most and least competitive states when it comes to individual income taxes.

income tax 126

income tax Tax 126

RogerRossmeisl

DECEMBER 27, 2024

In a surprising turn of events, the Fifth Circuit Court of Appeals has reinstated a nationwide injunction that halts the enforcement of beneficial ownership information (BOI) reporting requirements. This decision, made on Thursday, reverses an earlier order from the same court issued just days prior. The court’s latest action aims “to preserve the constitutional status quo while the merits panel considers the parties’ weighty substantive arguments,” according to the court

Texas 225

Texas CPA Legal cpa firm 225

CPA Practice

DECEMBER 27, 2024

The roller coaster continues, as the 5th U.S. Circuit Court's decision on Dec. 26 suspends the deadline once again for most reporting companies to file BOI reports with the Financial Crimes Enforcement Network.

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119

Acterys

DECEMBER 21, 2024

Financial reporting plays a crucial role in enabling organizations to make informed decisions. Yet for many businesses, this process is fraught with challenges such as disjointed systems, lack of real-time updates, and inefficient workflows. Microsoft Power BI addresses these challenges with its robust tools for data integration, modeling, and visualization, transforming financial data into valuable insights.

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financial statements quickbooks NetSuite accounted 130

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

DECEMBER 27, 2024

A federal appeals court has reversed itself, reinstating an injunction on beneficial ownership information reporting by businesses only days after lifting it.

accounted 116

accounted accountant Account 116

Nancy McClelland, LLC

DECEMBER 24, 2024

My feelings regarding how FinCEN has handled Beneficial Ownership information (BOI) under the Corporate Transparency Act (CTA) are best left unexpressed. With all the insanity about Beneficial Ownership Information (BOI) reporting these past few weeks — first the nationwide injunction preventing FinCEN from enforcing the Corporate Transparency Act (CTA)… then the House passing a Continuing Resolution (CR) that would give us all a year-long delay while the various court challenges mad

Education 98

Education tax planning CPA Tax 98

CPA Practice

DECEMBER 24, 2024

FinCEN has extended the Jan. 1, 2025, deadline for most reporting companies to file beneficial ownership information reports with the Treasury Department until Jan. 13, 2025, after a federal court of appeals lifted an injunction on Dec. 23 that had halted the new law.

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Going Concern

DECEMBER 24, 2024

As reported by Journal of Accountancy last week , the AICPA has asked the SEC not to approve the PCAOB’s new Firm and Engagement Metrics rules approved by the audit regulator in November. The rule requires reporting of metrics at both the firm and the engagement levels. Those metrics are (text taken directly from the PCAOB ): Partner and Manager Involvement.

audit 105

audit auditor accounting firms financial statements 105

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 24, 2024

The agency will send out checks for up to $1,400 to taxpayers who didn't claim the Recovery Rebate Credit.

Tax 122

Tax 122

Randal DeHart

DECEMBER 27, 2024

As the year draws to a close, construction business owners find themselves in a critical period of reflection and preparation. The year's end is a time to celebrate past successes and an opportunity to assess financial health and strategize for the coming year. A thorough year-end financial checklist can help ensure your business is on solid footing as you move forward.

Construction 90

Construction bookkeeping accountant accounted 90

CPA Practice

DECEMBER 26, 2024

With a thorough understanding of their unique circumstances and the latest tax regulations, you can transform complex tax challenges into clear, actionable solutionssetting the stage for your clients financial success in 2025 and beyond.

tax planning 107

tax planning Tax 107

Patriot Software

DECEMBER 27, 2024

When you hire a new employee, you must collect a completed Form W-4, Employees Withholding Certificate. This is how you determine federal income tax withholding. At some point in the onboarding process, an employee may ask you how to fill out Form W-4. Do you know the answer?

income tax 70

income tax Tax payroll tax payroll 70

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

Accounting Today

DECEMBER 23, 2024

The money will help it expand from payments and collections to a broader practice management platform, and to develop a tax solution.

Tax 119

Tax 119

Anders CPA

DECEMBER 24, 2024

Entities that are considered reporting companies, with some exceptions, are once again required to file beneficial ownership information (BOI) with FinCEN , a federal Court of Appeals ruled on December 23, 2024. Reporting companies have new deadlines to file based on their creation or registration date. Originally, the first wave of reporting companies was expected to file their reports by January 1, 2025, but the Department of the Treasury has granted additional time to comply.

Legal 94

Legal CPA Tax 94

CPA Practice

DECEMBER 26, 2024

34% plan to staff vacated positions, while 63% will increase the number of contract professionals on their teams. Robert Half is a talent solutions and business consulting firm.

payroll 93

payroll 93

Randal DeHart

DECEMBER 27, 2024

As the year draws to a close, construction business owners find themselves in a critical period of reflection and preparation. The year's end is a time to celebrate past successes and an opportunity to assess financial health and strategize for the coming year. A thorough year-end financial checklist can help ensure your business is on solid footing as you move forward.

Construction 78

Construction bookkeeping accountant accounted 78

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 24, 2024

The extra year of education is turning away potential CPAs, especially when they can pursue alternative careers with just a four-year degree.

CPA 115

CPA cpas Education accounted 115

Basis 365

DECEMBER 26, 2024

In the world of accounting and financial analysis, the traditional approach to expenses usually revolves around grouping them according to categories like cost of goods sold (COGS), operating expenses (OpEx), selling, general and administrative expenses (SG&A). While this structure is unquestionably valuable for standard financial reporting, it can often obscure a critical piece of information for those who are trying to project future performance or control their margins: whether each expen

Sales 59

Sales Technology Manufacturing financial statements 59

CPA Practice

DECEMBER 21, 2024

The Senate cleared a stopgap funding extension early Saturday shortly after a midnight deadline, staving off a partial government shutdown and ending days of gridlock over a package whose contents seemed to change by the hour.

Government 99

Government business tax Tax 99

Going Concern

DECEMBER 26, 2024

Stop normalizing overwork. Related: Your Suffering Is Not Noble So Let That Sh*t Go Merry Christmas, everyone. Log off. The post Dunno Who Needs to Read This Today, It’s Probably You appeared first on Going Concern.

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64

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

Sales