ThomsonReuters

DECEMBER 27, 2024

Blog home With the introduction of Accounting Standards Update 2023-08, Subtopic 350-60, the landscape for accounting, audit, and assurance of cryptocurrency is evolving. This update provides guidance for financial statement reporting, effective for fiscal years beginning after December 15, 2024, requiring crypto assets to be measured at fair value, with changes recognized in net income each reporting period.

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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

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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.

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ThomsonReuters

DECEMBER 27, 2024

Blog home With digital assets gaining ground in financial markets, the IRS has implemented new regulations to ensure proper reporting of these transactions. This marks a pivotal shift for tax and accounting professionals, fundamentally altering how digital asset transactions, including cryptocurrency , are tracked and reported for tax purposes. For accountants, the new digital asset reporting regulations will likely generate a surge in client inquiries, making it critical for firms to be fully

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Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

Tax

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 98

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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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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.

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CPA Practice

DECEMBER 27, 2024

2024 saw major news events and ongoing trends that are significantly shaping the profession, including how professionals practice, how firms operate, and your business and individual clients.

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Accounting Today

DECEMBER 27, 2024

Is most CPE content not good because nobody cares enough to make investing in it worthwhile, or does nobody care about CPE?

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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?

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Accounting Today

DECEMBER 27, 2024

The tax preparer known as 'the Magician' will pay $145 million in restitution.

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CPA Practice

DECEMBER 27, 2024

Marketing automation offers you a dynamic approach to streamline lead nurturing, making the client acquisition process more efficient and personalized.

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Accounting Today

DECEMBER 27, 2024

In 2024, private equity money flooded the accounting M&A market, but next year will bring other changes.

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Analytix Finance & Accounting

DECEMBER 27, 2024

Tax season. Just hearing the word is enough to send a shiver down a CPA’s spine. The endless paperwork, the complex regulations, and the looming tight deadlinesits a challenging time for every accounting firm. But what if there was a smarter, more efficient way to handle the rush? Turns out, there is! By outsourcing your tax preparation. Outsourcing can help your CPA firm not just meet deadlines; it can completely transform how you approach tax season.

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Accounting Today

DECEMBER 27, 2024

In this second of three parts of our annual AI Thought Leaders Survey, our pool of experts offer their take on AI regulation, and their predictions for 2025.

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Technology 53

Going Concern

DECEMBER 27, 2024

Friday Footnotes will return on January 3, 2025. That’s next Friday, just by the way. Instead of a wrap up of the week’s accounting news (there is none), here are a few items for your consideration. Comments are open if you’d like to share your opinion on anything here, or any other relevant happenings in and around the accounting profession.

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Accounting Today

DECEMBER 27, 2024

The Financial Accounting Standards Board has posted the 2025 GAAP Financial Reporting Taxonomy, SEC Reporting Taxonomy and GAAP Employee Benefit Plan Taxonomy.

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Withum

DECEMBER 27, 2024

Not more than four days (December 23, 2024) from when the Fifth Circuit Court of Appeals in Texas Top Cop Shop v. Garland lifted the district courts December 3 rd preliminary nationwide injunction on beneficial ownership reporting (BOI) , a Fifth Circuit panel has now reinstated a nationwide injunction blocking enforcement of BOI reporting. What It Means The nationwide scope of the injunction means that the BOI reporting is temporarily blocked for all of the approximately 32.6 million existing r

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Texas tax services Tax 105

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

Account

Ronika Khanna CPA,CA

DECEMBER 27, 2024

As we approach the new year, it is time to start thinking about a subject near and dear to everyones heart i.e. taxes (insert appropriate emoji). Below are the deadlines that all small businesses/sole proprietors need to know for 2025. Coming Soon: Download your free Canada unincorporated business tax deadline calendar for 2025 (both Federal and Quebec).

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