Mon.Jan 20, 2025

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Employment Tax Reporting: 2025 Due Dates and Best Practices for Healthcare Entities

Withum

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.

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NRF Says Holiday Season Was a Notable Success as ‘Consumers Came Out to Spend’

CPA Practice

Data from the U.S. Census Bureau shows that core retail sales during the 2024 holiday season grew an unexpectedly high 4% over 2023 to a record $994.1 billion, coming in ahead of the National Retail Federations forecast.

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Art of Accounting: Accountants Club's new president

Accounting Today

Natasha Kosnac, chief audit officer of Unite Here, recently succeeded Peter Frank as president of the Accountants Club of America and she has plans for expanding the longtime club.

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Senate Finance Dems Seek Assurances From Treasury Secretary Nominee on Taxes Ahead of Vote

CPA Practice

Senate Finance ranking memberRon Wydenand other committeeDemocrats are pressingScott Bessent to submit to anIRSaudit and release his tax filings ahead of the panels vote on his nomination Tuesday.

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Building a Business Case for Finance Automation

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.

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Financial Statement Fraud Red Flags

FraudFiles

Tracy Coenen teaches a group about some of the most common red flags of financial statement fraud. More information on corporate fraud is available in Tracy's book, Essentials of Corporate Fraud.

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CFPB Orders Equifax to Pay $15 Million Fine for Improper Investigations of Credit Errors

CPA Practice

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.

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Ensuring Your Firm’s Future with Smart Technology Choices

CPA Practice

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

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A Definitive Beginning and End Period of Time for Your Engagements

Canopy Accounting

In this installment on making our client agreements stronger, we want to discuss why we begin and end our agreements on specific dates. Many firm owners dont even worry about starting a contract with a client on a certain date, and many forget about an end date. Contracts that never end are called evergreen contracts and they are not good for business.

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Withum’s 2025 State of the Firm Echoes Power in Connection

Withum

Withum held its annual State of the Firm event on Tuesday, January 14, at the New Jersey Performing Arts Center (NJPAC), Newark, NJ. Nearly 1,500 team members gathered with another 1,000 online to hear the latest updates on the firm’s growth in advisory, tax and audit services and the vision for the future. Withum’s CEO and Managing Partner, Pat Walsh , led the afternoon program, welcoming various guests to the stage.

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‘Help U.S. Retire’ Advocacy Campaign Mobilizes 120 Million Americans to Protect Retirement Savings

CPA Practice

The promotions are designed to drive investors, policymakers, and industry professionals to the campaign website,HelpUSRetire.org, where they can find research about.

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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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Microsoft 365 Copilot and Agents: What You Need to Know About Copilot Security and Governance 

Withum

On May 8, 1793, during the French Revolution, the French National Convention, in a collection of decrees, wrote: With great power comes great responsibility. Years later, in 2002, Stan Lee featured this quote in the first Spiderman movie, where Uncle Ben imparted these wise words to his young nephew, Peter Parker, just before Peter gained his superpowers.

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Groundhog Day 2025: Punxsutawney Phil or Staten Island Chuck — Who is the Better Forecaster?

CPA Practice

There are several famous groundhog prognosticators, but only two have records worth talking about. And, as the stats point out, both have made drastically different decisions over the years.

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Data Breach Exposes 61,000 Texans After State Employees Improperly Access Info

CPA Practice

The Texas Health and Human Services Commission announced Friday morning that a privacy breach at the agency has exposed the personal information of at least 61,000 Texans, opening them up to potential fraud.

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New Meeting Tech at CES 2025- The Accounting Technology Lab Podcast – Jan. 2025

CPA Practice

Randy Johnston and Brian Tankersley, CPA, explored CES 2025 in Las Vegas in January. In this second CES podcast, they highlight some of the most useful meeting technologies they saw at the conference.

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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.