Wed.Feb 05, 2025

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5 Steps to Protect Your Business from Unexpected Accounting Disruptions

AccountingDepartment

Managing finances effectively is the backbone of any successful business. Even minor accounting disruptions can snowball into significant financial issues for small to medium-sized business (SMB) owners and entrepreneurs.

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Real Estate Accounting Best Practices: Ensuring Tax Readiness and Financial Success

Withum

Appropriate accounting practices are crucial for real estate entities not only to manage daily operations, but also to ensure tax readiness and compliance. The foundation of effective real estate accounting lies in properly setting up accounting records which can significantly influence tax filings and optimize the financial management of your entities. 3 Best Practices for Real Estate Accounting Heres an in-depth look at best practices for setting up accounting records for real estate entities

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AICPA Ponders Updating Independence Rules After Swell of Private Equity Activity in Accounting

CPA Practice

A task force of the AICPA's Professional Ethics Executive Committee is seeking public comments on its preliminary conclusions about revising independence rules related to alternative practice structures, which public accounting firms typically form after receiving private equity backing.

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AICPA to update independence rules as PE pours in

Accounting Today

The American Institute of CPAs is planning to revise its independence rules amid the wave of private equity investments in accounting firms.

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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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Undergraduate Accounting Enrollment Rose 12% in Fall 2024

CPA Practice

New data from theNational Student Clearinghouse Research Centershows a12% increase in fall 2024 accounting enrollment compared to fall 2023. The increase amounted to an additional 28,672 students.

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Undergraduate accounting enrollment rose 12%

Accounting Today

Total undergraduate accounting enrollment for fall 2024 was 257,278 students, the highest reported since fall 2020 and just shy of the pre-pandemic fall 2019 enrollment.

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IIA sets cybersecurity requirement

Accounting Today

The Institute of Internal Auditors released the first in a series of topical requirements planned for this year, starting with cybersecurity.

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So, You Received a 1099-K. Now What?

CPA Practice

The IRS initially planned to lower the reporting threshold to $600, but implementation has been delayed.

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Ascend adds MHP

Accounting Today

The private equity-backed accounting firm added McGee, Hearn & Paiz in Cheyenne, Wyoming, to expand its Western geographic footprint.

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Armanino Adds Tech Consulting Firm Complete Business Solutions

CPA Practice

The deal bolsters the top 20 accounting firm's ability to meet growing client demand for advanced ERP tools and AI-driven solutions while expanding its presence in Florida.

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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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IRS Reform Bill Promises Major Changes

Insightful Accountant

Senate Finance Committee leaders have introduced the Taxpayer Assistance and Service Act, a bipartisan bill that could significantly impact how tax practitioners interact with the IRS and serve their clients.

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Financial Organizations Optimistic About Growth But Are Stunted By Poor Software Investments

CPA Practice

The insights from this survey will help financial organizations avoid the same fate as the alarming 70% of financial organizations that say they regret a recent software purchase in the past 18 months.

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Black Entrepreneurs Leverage Tech more than Non-Black Entrepreneurs

Insightful Accountant

Recent Intuit QuickBooks survey shows Black Entrepreneurs are leveraging technology more than their non-Black Entrepreneur counterparts.

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CFOs Show Signs of Optimism in Latest Grant Thornton Survey

CPA Practice

Respondents reported 13-quarter highs in their confidence in meeting growth projections (65%), increased demand (64%), cost control goals (62%) and labor needs (60%).

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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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Finale Inventory Adds Transaction 'Attachments'

Insightful Accountant

Responding to their inventory users, Finale has added attachments for their 'Gold' (and above) level subscribers.

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FinQuery Sets Up Free CPE Hub for Accountants

CPA Practice

The accounting automation solutions provider launched its CPE Hub, a new resource center where accounting and finance professionals can earn CPE credits for free.

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Why is PE Interested in Buying Your Firm?

Ryan Lazanis

Private equity is targeting the accounting industry. In this episode, I dive into the reasons why and what it means for your firm. The post Why is PE Interested in Buying Your Firm? appeared first on Future Firm.

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Schneider Downs Achieves C3PAO Authorization to Conduct CMMC Certifications

CPA Practice

The firm is one of only 54 CMMC C3PAOs nationwide to be authorized to conduct CMMC certification assessments for the Department of Defense's (DoD) program.

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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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Carson Group launches tax program led by veteran planner

Accounting Today

Debra Taylor is spearheading a new program entailing education for financial advisors, guides for clients and technology integrations.

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Remember This When You Decide to Turn Your Hobby Into a Businesss

IgniteSpot

The day you start making money from your hobby is the day you should start tracking every penny.

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Bulk Invoice Printing Streamlines Time & Billing & Helps You Work Efficiently

Canopy Accounting

Save time with Canopy's new Bulk Invoice Printing feature for Time & Billing users. Print multiple client invoices at once.

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Private sector added 183K jobs in January

Accounting Today

Annual pay rose 4.7% year over year for people who stayed in their jobs, according to ADP.

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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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Brown Plus Recognized for Firm’s Remote and Hybrid Structure

CPA Practice

The Best Remote and Hybrid Workplaces in America award showcases the outstanding achievements and best practices of employers with the highest rated remote and hybrid work programs across the country.

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Armanino buys Florida-based ERP specialist Complete Business Solutions

Accounting Today

Armanino announced the acquisition of Florida-based ERP implementation and support specialist Complete Business Solutions.

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Accountants Are Unlikely to Get Some on the Side, Says This Divorce Attorney

Going Concern

According to Kate Simonds, a divorce lawyer in Arizona, accountants are a safe bet if you’re looking for a mate who won’t cheat. @simondslaw original sound – AZ Divorce Attorney “If you’re in a relationship with one of these type of men, you’re safe,” she said in a TikTok video filled with comments about why she’s wrong on two of the three professions in her list (hint: it’s not accountants).

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Touchdowns and penalties: How partners score wins

Accounting Today

Just like your favorite NFL or college football team, your firm has opponents, and you need to manage all aspects of a successful firm to stay competitive.

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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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The End of the Massachusetts Angel Investor Tax Credit

Withum

In a significant policy shift, the Massachusetts Life Sciences Center (MLSC) announced the end of its Angel Investor Tax Credit program, which had been repealed by Chapter 238 of the Acts of 2024 on November 20, 2024, effective for the tax year beginning on or after January 1, 2024. The Angel Investor Tax Credit program ran from 2020 through 2023 tax years to incentivize investors looking to fund early-stage companies in Massachusetts.

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3 minutes with Ami Copeland

Accounting Insight

Introducing Ami Copeland, CEO of ICB. Learn more about Ami, from how she got into the industry to her advice to bookkeepers on how to have a successful year… How did you get into the profession? I became CEO of ICB after many years championing bookkeepers as our Director of Communications. My career has its roots in branding and storytelling before ICB I worked in film and online broadcasting for brands like the BBC, Channel 4.com, and LiveNation.

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Unlocking Value in Mergers & Acquisitions: Identifying & Classifying Synergies

Withum

In mergers and acquisitions (M&A), the promise of synergies additional value generated by combining two companies is often the driving force behind deals. Synergies can manifest as cost savings, revenue enhancements, or strategic advantages, and can seem obvious but realizing them is far from automatic. In part one of this series, well explore the process of how to identify synergies as well as classifying the types of synergies with practical examples.

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Annual Budgeting & Forecasting Checklist

Shay CPA

Whether youre a startup working with a fractional CFO or a well-established tech company with a fully built finance function, this is a particularly important time of year. As we get into 2025, some steps you take now can set you up for financial success. That said, any tech company has a lot of moving parts. And that makes it relatively easy for things to fall through the cracks.

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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.