Tue.Jan 28, 2025

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Tax season kicks off with non-tax issues center stage

Accounting Today

With relatively fewer tax changes to worry about, BOI and tariffs are top of mind for some experts.

Tax 114
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Financial Modeling: A Comprehensive Step-by-Step Guide

Acterys

Financial modeling is an essential tool in corporate finance and business decision-making. By creating structured representations of a companys financial data, financial modeling enables stakeholders to forecast future cash flows, evaluate investment opportunities, and strategize for revenue growth. In this guide, we’ll explore what financial modeling is, the types of financial models, the benefits they provide, and how to create effective financial models.

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R&D Tax Credit Misconceptions Could Cost Your Startup Six Figures

BurklandAssociates

Think your startup doesnt qualify for R&D tax credits? Think again. You could unlock $500,000 or more in annual savings. The post R&D Tax Credit Misconceptions Could Cost Your Startup Six Figures appeared first on Burkland.

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TIGTA Alerts Taxpayers of New Tax Season Text Message Scam

CPA Practice

Scammers impersonating the IRS are texting taxpayers leading them to believe they're going to receive an economic impact payment, also known as a recovery rebate credit, but it's a scheme to steal their personal data, TIGTA said on Jan. 28.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

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

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Beyond the hype: Real-world applications of GenAI in auditing

ThomsonReuters

Blog home The buzz around generative AI (GenAI) is hard to ignore. But with headlines declaring it has the potential to revolutionize industries, what does the use of GenAI mean for the audit profession ? Amidst the noise, lets separate the hype from reality and explore how GenAI can genuinely enhance an auditors daily life and work. Jump to What is GenAI and what is its potential impact for audit professionals?

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TaxDome reports data breach, says no sensitive data exposed

Accounting Today

Tax solutions provider TaxDome said it experienced a data breach last week, though said no sensitive personal information was revealed.

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More Trending

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Financial execs navigate uncertainty in 2025

Accounting Today

Financial executives are eyeing economic uncertainty and market volatility as they look ahead this year, according to a new report.

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Good Riddance – SAB 121 Is No Longer

Withum

In this episode of Cryptonomix, Mark Eckerle reviews the SEC's decision to rescind SAB 121, its main components, and its impact on financial institutions.

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PCAOB launches resource page for smaller firms

Accounting Today

The Public Company Accounting Oversight Board launched an online resource page with content tailored for smaller firms.

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Murph's App Compare: Backup Apps for QuickBooks Online

Insightful Accountant

You asked for it, it was the 3rd most popular request from ProAdvisors. compare backup apps for QuickBooks Online. good thing too, while there is only one listed in the QBO App store, there really are six, plus a brand new one for MSPs.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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Turning accountants into producers of technology capabilities

Accounting Today

How do you redesign traditional finance roles as digital finance roles?

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Intuit Rolls Out Limited Access to New QuickBooks Platform

Insightful Accountant

New platform creates a combined QuickBooks and Mailchimp platform experience to help businesses accelerate productivity and profitability.

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M&A roundup: Avantax and Marsico Financial expand

Accounting Today

Avantax acquired Sweeney Kovar, and Marsico Financial Group bought Care Accounting.

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2025 ProAdvisor Award Application Back Working - Finish Your Application by February 11.

Insightful Accountant

The 2025 ProAdvisor Award Application Form is back to working, so get your application completed by February 11, 2025.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Employee Engagement is at its Lowest in a Decade, Report Finds

CPA Practice

Employee engagement in the U.S. fell to its lowest level since 2014, with only 31% of employees reporting being engaged at work in 2024, Gallup says. And the percentage of actively disengaged employees, at 17%, also reflects 2014 levels.

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Financial guide for NFP organisations under 750k

Accounting for Good

NFP organisations with a turnover under 750K will find high-level accounting services cost-prohibitive.

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Accelerate & Streamline Engagement Creation with Templates

Canopy Accounting

Practitioners with permission can create engagement templates and then use them to quickly and repeatedly create new engagements for any clients. Like any engagement, a template contains services, pricing, acceptance tasks, terms, and more.

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In the blogs: Keeping It Straight

Accounting Today

The limits of DOGE; big pharma and the TCJA; soda tax misaimed; and other highlights from our favorite tax bloggers.

Tax 52
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Your Accounting Expertise Will Only Get You So Far: What Really Matters

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.

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UHY Announces Strategic Partnership with Prophix to Enhance Office of the CFO Services

CPA Practice

As an official partner within the Prophix network, UHY can offer clients advisory and implementation services that leverage Prophix One, a financial performance platform for finance and accounting professionals.

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Ignition appoints new CEO, CFO

Accounting Today

Ignition, a practice management solutions company, appointed Greg Strickland as CEO and Amy Foo as CEO, with former CEO and co-founder Guy Pearson taking the role of executive chairman.

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PCAOB Fines Texas Firm $65,000 for Auditing Failures

CPA Practice

Plano, TX-based accounting firm SS Accounting and Auditing Inc.and partner Saima Sayani were disciplined for committing several failures on the audits of China Green Agriculture Inc. and for violating PCAOB quality control standards.

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Acumatica Summit 2025 Day 2

Insightful Accountant

Live from Las Vegas its Day Two of the Acumatica Summit and they introduce Acumatica Labs, AI Studio and Industry-Specific Functionality.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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PCAOB Debuts New Resource Page for Smaller Audit Firms

CPA Practice

The new online resource page,Information for Smaller Firms, features PCAOB content tailored for smaller audit firms, including publications, videos, and other resources.

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Preventing Fraud in a Law Practice

FraudFiles

One of the last places youd expect to find fraud is in a law practice. Like accounting, the practice of law is a profession in which ethics are of utmost importance. Accountants and lawyers are often too trusting of their fellow professionals, and therefore leave themselves open to the risks of fraud. The issue of [.

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Rightworks Added to Wolters Kluwer’s CCH Marketplace

CPA Practice

The collaboration enables accounting firms to safely access all their Wolters Kluwer apps remotely and securely in Rightworks OneSpace.

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Sales tax and real property improvement services (part 2)

TaxConnex

In our first blog, we looked at how complicated sales tax can be for construction professionals, including how the form of the contract and location of the work can make even the simplest job complex for compliance. In short, what works for sales tax in one state in this industry often doesnt work in another. Here are a few more key points from our recent webinar on construction and sales tax.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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Preparing for your audit engagement: Are you ready?

ThomsonReuters

Blog home Auditors know theres never been a more challenging time to monitor and meet evolving regulatory and professional standards changes. How their jobs are performed now requires more than accounting and audit knowledge and skills. In fact, the accounting and audit professions have gradually been drawn into the world of automation and automated technology.

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Accurate Numbers Help Strengthen Businesses

Basis 365

Have you ever tried to analyze data only to realize it was inaccurate and your efforts were a complete waste of time? Building a strong business starts with a solid accounting foundation. Just like a sturdy building needs a well-constructed base to withstand external forces, a thriving business requires an accurate and reliable accounting foundation to support growth and stability.

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CFPB rescinds 2020 advisory opinion on earned wage access products

ThomsonReuters

Blog home The Consumer Financial Protection Bureau (CFPB) issued a new advisory opinion rescinding its November 2020 guidance on earned wage access (EWA) products. This previous guidance had exempted certain EWA products from being classified as “credit” under the Truth in Lending Act (TILA) and Regulation Z. Jump to EWA products and 2020 advisory opinion Rescinding the opinion and industry response New rule proposal continues debate More comments express concerns EWA products and

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Trump tells House Republicans he wants funds to finish wall, tax cuts

Accounting Today

The ambitious agenda includes extending Trump's signature tax cuts and enabling more oil and gas production.

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8 Pillars of Leadership Development

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.