Sat.Jan 11, 2025 - Fri.Jan 17, 2025

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Areas to Address in Using AI in Accounting

BurklandAssociates

AI aids tasks like bookkeeping and tax prep but can't replace expert accountants for oversight, data review, and decision-making. The post Areas to Address in Using AI in Accounting appeared first on Burkland.

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FTC mandates changes at H&R Block

Accounting Today

A Federal Trade Commission order requires the tax prep giant to make it easier for customers to use cheaper options.

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FTC Requires H&R Block to Pay $7 Million and Change Advertising and Service Practices

CPA Practice

The FTC charged that H&R Block unfairly required consumers seeking to downgrade to a cheaper H&R Block product to contact customer service, unfairly deleted users previously entered data and made deceptive claims about free tax filing.

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How to Apply for a Business Loan in 7 Simple Steps

Patriot Software

Just starting your entrepreneurial journey? Been in business for over 10 years? Regardless of if youre a veteran business owner or just starting out, you may need to get a business loan. So, where do you start? Let us walk you through how to apply for a business loan.

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Fall In Love With the Month-End Close

It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.

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Strong Businesses, Strong Strategic Partnerships

Basis 365

Running a successful business requires more than just a great idea and hard work. It demands a sound financial business model and reliable information to guide decision-making. At Basis 365, we provide outsourced accounting and bookkeeping services, acting as the accounting department for our customers. But building a strong business requires a broader network of strategic partners to address every aspect of your operations.

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The best and worst states for unemployment insurance taxes

Accounting Today

Every state levies unemployment insurance taxes, but rates vary depending upon such factors as the health of the state's UI trust fund.

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Vulture, Er, *Venture Capitalists Are Here

Going Concern

“We do think theres a huge opportunity to roll up accounting firms and automate a lot of the workflow and let the same accounting firms take twice as many clients, says Marc Bhargava, Managing Director at VC firm General Catalyst to Wall Street Journal for their recent piece ‘ AI Has Venture Investors Excited About (Yes) Accounting Firms.’ “The idea is not to cut people with AI, the idea is to enable them to do two to three times the work.” According to their Linked

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Managing transformational change in corporate tax departments: Key strategies and approaches

ThomsonReuters

Blog home In corporate tax departments, change comes in many forms. There is incremental changesmall adjustments to everyday activities that may be important, but dont necessarily affect the organizations overall direction or culture. And then, there is transformational changebig, bold initiatives that deeply influence a companys operations, processes, and culture.

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Xero announces new tagline, "Your business supercharged"

Accounting Today

Xero announced it now has a new tagline: "Your business supercharged.

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SMB Jobs and Revenue Dropped in 2024 But Show Signs of Recovery, Says Intuit Report

CPA Practice

Small businesses grew more slowly after the spike in interest rates if they had less access to credit. Those that were hit the hardest had up to 30% lower revenue and 4% lower employment growth compared to other small businesses.

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Navigating Payroll Compliance: Future-Proofing Payroll in an Evolving Regulatory Landscape

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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How to Track Business Expenses Without the Stress

inDinero Tax Tips

Running an LLC or startup means wearing many hats, and learning how to track business expenses may not be the most exciting one. But with a bit of forethought, you can create a system that saves you time, money, and headaches. In this article, well teach you how to track business expenses in a way thats simple to learn and easily fits into your routine.

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Wolters Kluwer releases inaugural report, the Future Ready Accountant, highlighting key trends in the global tax & accounting industry

Accounting Insight

The comprehensive, global study offers in-depth insights into the global tax and accounting industry and the trends that are shaping the profession. Wolters Kluwer Tax and Accounting (TAA) is pleased to announce its inaugural global study, the Future Ready Accountant, is now available. This comprehensive study provides an in-depth analysis of the global tax and accounting industry landscape, with an exclusive focus on consequential topics shaping the profession, such as technology advancement, A

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Ohio eases CPA licensure

Accounting Today

Ohio Governor Mike DeWine signed into law a bill that provides more flexibility for obtaining a CPA license, effectively eliminating the 150-hour requirement.

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China Considers Sale of TikTok to Elon Musk to Avoid U.S. Ban

CPA Practice

Chinese officials are evaluating a potential option that involves Elon Musk acquiring the U.S. operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter.

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Next-Level Fraud Prevention: Strategies for Today’s Threat Landscape

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.

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How To Download Your IRS Account Transcript to Look Up Your Estimated Tax Payments (Updated Jan 2025)

Nancy McClelland, LLC

It’s tax time, you’re digging through your records… and your preparer or tax software asks about tax payments you’ve already made. Um, was I supposed to track those? Lots of small business owners pay what are known as “quarterly estimated taxes” to the IRS and their state department of revenue throughout the year — as a replacement or in addition to W-2 withholding, in order to pay tax on their self-employed or pass-through company’s profit.

Tax 52
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3 Minutes With Arun Mehra

Accounting Insight

The first edition of 3 Minutes With of 2025 is with none other than Arun Mehra, founder, owner and CEO of Samera, a leading global provider of accountancy, tax, offshoring, and financing solutions for businesses and other accountancy firms. Arun has been running Samera for over 21 years, with a diverse and experienced team across the UK and India. 1.

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PCAOB fines Baker Tilly $500K over quality control

Accounting Today

The Public Company Accounting Oversight Board found specific deficiencies in the testing of internal controls and accounting estimates, and in engagement quality reviews.

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The Top 10 IRS Criminal Cases of 2024

CPA Practice

The IRS says the defendants in these cases committed millions of dollars in fraudulent activity, duped investors into believing they were going to strike it rich and tried to funnel money to terrorist organizations.

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Cash Flow Secrets Every Upskilled CPA Should Know

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.

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From App Overload to Efficiency with Brittany Malidore

Canopy Accounting

In a recent conversation between Brittany Malidore , co-founder and managing partner of Ledgerly Consulting , and Accounting Technology, Liz Scott, Brittany shared her firms journey in adopting Canopy to tackle workflow challenges and improve efficiency. Their discussion revealed the key reasons why Brittany chose Canopy as the practice management solution for her growing firm.

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Introducing ‘Your business supercharged’

Xero

Were excited to unveil our new tagline: Your business supercharged. This is more than just a statement. Its about helping you achieve your business goals. But its also about the journey, the passion and freedom to do what you love. Ultimately, its about helping you unlock your full potential. Time for change Your business supercharged is a reflection of our unwavering commitment to you and the value we hope to provide every day.

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LA fire victims get tax relief

Accounting Today

The IRS has pushed back filing and payment deadlines for those affected by the wildfires to Oct. 15.

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WWE Founder Vince McMahon Settles SEC Charges of Undisclosed Payments

CPA Practice

McMahon did not admit to or deny theSEC's findings, but he agreed to pay a $400,000 civil penalty and reimburse WWE for about $1.33 million, according toSECofficials.

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Profit in the Details: Rethinking Spend for Monumental Impact

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

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IRS, CASST Announce 2025 Filing Season Changes Aimed at Preventing Spread of Scams

Insightful Accountant

The Internal Revenue Service and partners in the Coalition of Scam and Scheme Threats (CASST) today released changes for the 2025 filing season designed to help protect taxpayers from becoming victims of a scam or scheme.

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How to turn your New Year’s resolutions into solutions with apps

Xero

Got aspirations for your small business in 2025? The most important part of making New Years resolutions is creating a plan on how you will achieve them and then taking action. Whether you want to grow your business or take a step back and spend less time at work, apps might just be the secret weapon to reaching your goals. This year, turning your business resolutions into solutions might be as simple as connecting a new app to Xero.

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IRS works to deter tax season scams

Accounting Today

The Internal Revenue Service is making some changes this tax season in an effort to combat tax scams in areas like the Fuel Tax Credit.

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California Joins IRS By Moving Tax Filing Deadline to Oct. 15 for Los Angeles County Residents

CPA Practice

The tax deadline change, permitted under presidential disaster declarations, is similarto those in previous yearswhen flooding or wildfireshindered residents and business owners suffering from property loss or damages.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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Today's QB Talks: ProAdvisor Training Opportunities

Insightful Accountant

Murph and guest co-host Kim Noh will discuss ProAdvisor, Accountant, Bookkeeper and Tax Preparer training opportunities at TODAY's QB Talks.

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AccountsIQ acquires ExpenseIn to solidify its finance software offering for ambitious, mid-market businesses

Accounting Insight

ExpenseIn joins the AccountsIQ Group, integrating ExpenseIns comprehensive expense management capabilities with AccountsIQs leading accounting software AccountsIQ , a leading provider of fully cloud-based accounting software, has today announced its acquisition of ExpenseIn , the expense management software that empowers businesses to take control of their expense and invoice management process.

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Franchise model offers alternative to partnership route

Accounting Today

More firms are creating alternative paths for employees who want to excel, but who don't want to "sell their soul to the firm" in order to make partner.

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SEC Sues Elon Musk Over Stock Ownership Disclosures

CPA Practice

The regulator has been probing Musks investment in Twitter since 2022, pressing him to him to explain why he hadnt disclosed his stake in Twitter within the correct timeline.

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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!