Mon.Jan 27, 2025

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2025 Tax Filing Season Starts As IRS Begins Accepting Tax Returns Today

Insightful Accountant

The Internal Revenue Service opened the 2025 tax filing season today and is accepting and processing federal individual tax year 2024 returns.

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SEC Issues SAB 122, Officially Rescinding SAB 121

Withum

On January 23, 2025, the U.S. Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin (SAB) 122 officially rescinding SAB 121. SAB 121 was issued by the SEC on March 31, 2022. The purpose, per the SEC, was to provide guidance on the accounting for obligations to safeguard crypto-assets that an entity holds for its platform users. Some of the key points from SAB 121: Safeguarding Obligations and Measurement : Entities that hold crypto-assets for their users would have been requi

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Ethical wills can be a crucial tool for estate planning

Accounting Today

They give advisors an opening into deeper conversations with clients, while their clients can express the larger vision behind their hopes for the future.

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What Should You Do If You Suspect Your Tax Preparer Is Being Investigated by the IRS?

CPA Practice

The following is a detailed look at why your preparer's legal troubles place you at risk, what signs might indicate they are under scrutiny, and which immediate steps you can take to protect yourself from civil and criminal tax exposure.

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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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Deloitte acquires cloud ERP/HCM platform

Accounting Today

Big Four firm Deloitte announced that it has acquired substantially all the assets from cloud ERP/HCM automation platform SimplrOps.

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Edge Marketing Launches Future-Ready Strategy that Integrates AI

CPA Practice

The new systems and protocols will ensure that AI is used not just effectively, but responsibly, enhancing creativity and optimizing performance all while

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Deloitte Acquires SaaS Technology Company SimplrOps

CPA Practice

The Big Four firm said Jan. 27 that it has acquired SimplrOps, a San Jose, CA-based boutique enterprise software-as-a-service technology company known for streamlining and automating Workday, SAP, and Oracle operations and implementations.

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CFOs plan smaller pay raises this year

Accounting Today

Fewer CFOs expect to give out pay increases to employees in 2025 and the raises are likely to be smaller, according to a new survey from Gartner.

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Common accounting terms for not for profit organisations

Accounting for Good

Are you a Not For Profit organisation? We know the terms and acronyms in accounting can be overwhelming at times.

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Art of Accounting: How to be a great employee, manager, partner, advisor and team member

Accounting Today

Whether you are the lowest-level employee or highest-level CPA firm owner or partner, your job is to provide services for the person hiring or engaging you.

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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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Accounting services not for profit

Accounting for Good

For many not for profit organisations having an internal finance department is costly. Outsourcing this function to professionals makes economic sense.

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IAASB and IESBA debut sustainability assurance, ethics standards

Accounting Today

The International Auditing and Assurance Standards Board and the International Ethics Standards Board for Accountants launched their sustainability standards.

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Sales Tax Trip Tuesday Time - January 2025

Insightful Accountant

That's right, Sales Tax Tuesday is back, but with a few changes. We are taking one four state trip per month and paying sales and other taxes in every state along the way. So join us for this first adventure. departing Wichita, Kansas.

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Intuit tests new interface combining QBO and Mailchimp

Accounting Today

Intuit is testing a new user interface that will combine features from QuickBooks Online and Mailchimp, both Intuit properties.

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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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Tax Deferral Opportunities Through New ETF Conversions: Section 351 Application

Insightful Accountant

Recent innovations in ETF structures are expanding tax-advantaged portfolio restructuring options for clients with concentrated positions in appreciated securities leveraging Section 351 of the IRS Code.

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Intuit Rolls Out Test of New Interface Combining QBO and Mailchimp

CPA Practice

Intuit said on Monday that it has begun testing a new QuickBooks interfacethat creates a combined QuickBooks and Mailchimp platform experience, which the Mountain View, CA-based company said will help businesses accelerate productivity and profitability.

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Acumatica Summit 2025 Day 1

Insightful Accountant

Live from Las Vegas, Murph brings you the latest news from the Acumatica Summit 2025.

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Donor-Advised Funds Are Growing, But If You Have One, You Should Shrink It

CPA Practice

The point of a donor-advised fund is to put money in the hands of charities, not grow it like another investment account.

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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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Why the Human Element is Your Biggest Asset as a Business Advisor

Canopy Accounting

Looking for a way to give your firm a competitive advantage over the hundreds of thousands of licensed CPAs, experienced EAs, and talented business advisors in the U.S.?

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Cutting Services or Raising Taxes: State Lawmakers Weigh How to Fill Big Budget Gaps

CPA Practice

Leaders of several states are proposing cutting social programs such as child care, victim services and Medicaid, or raising taxes on cigarettes, spirits or households with the highest incomes, to balance state budgets.

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How to Stay Compliant with Treasury Circular 230 for Ethical Tax Practices

Ace Cloud Hosting

If you ever feel overwhelmed trying to navigate tax regulations, know youre not alone. As a tax professional, you are expected not only to crunch numbers but also to uphold.

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DeepSeek's overnight fame strains its systems, draws attacks

Accounting Today

The fallout from the seemingly overnight surge in interest around the Chinese AI upstart was swift, and severe.

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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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SD Mayer Merges in Ronald Ruttenberg & Co. CPAs in California

CPA Practice

Weeks after merging in San Francisco-based accounting firm Bogdan & Frasco, top 400 firm SD Mayer & Associates announced another deal on Monday, this time joining forces with Burlingame, CA-based Ronald Ruttenberg & Co. CPAs.

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TaxWise Virtual Tax Office vs TaxWise Hosting: Which One To Choose?

Ace Cloud Hosting

Tax professionals rely heavily on robust software solutions to streamline workflows and ensure compliance. TaxWise by Wolters Kluwer can be used as a solution accessible from any location at any.

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Scott Bessent Easily Confirmed as Trump’s Treasury Secretary

CPA Practice

The hedge fund manager is poised to be a key player asCongressfaces down more than $4 trillion in expiring tax cuts at the end of this year, which he warned during his confirmation hearing would have devastating consequences if allowed to lapse.

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Turning the Tide: How Mike Habib EA’s Los Angeles-Based Firm Appeals Negative Tax Outcomes

MyIRSRelief

Tax disputes can feel like an uphill battle. Whether youre facing an unexpected audit result, a denied tax claim, or a hefty penalty from the IRS, the emotional and financial toll can be overwhelming. For many taxpayers, the idea of challenging the IRS seems daunting, if not impossible. However, with the right representation, appealing negative tax outcomes is not only possible but can lead to significant victories.

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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.

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Anders Selects the Cystic Fibrosis Foundation – Gateway Chapter as 2025 Charity of Choice

Anders CPA

Anders has named the Cystic Fibrosis Foundation Gateway Chapter as its 2025 Charity of Choice, coinciding with the 20th anniversary of the firms Charity of Choice program. Dedicated to funding research and providing support for those impacted by cystic fibrosis (CF), the foundation aligns with Anders ongoing commitment to community impact. Since 2005, the Anders Charity of Choice program has raised over $400,000 to support causes such as Missouri Veterans Endeavor, Lydias House, The Child Advoc

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Why is customer retention so important?

Accounting Insight

Many businesses overlook the value of repeat customers when growing their client base. Given that an average of 65% of a businesss revenue comes from repeat customers, customer retention has become critical to business success. It is one of the top priorities for business leaders across all sectors. Understanding the customer levels of loyalty There are several different customer types and various levels of customer loyalty.

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Clarification on Applicability of GST Provisions on Vouchers | Circular No. 243/37/2024-GST Dated 31st December 2024

VJM Global

The applicability of GST Provisions on vouchers has always been a matter of litigation wherein GST officials take different opinions creating ambiguity and litigations. Several questions are prevailing in the Industry to the taxability of vouchers such as: whether transactions in vouchers are considered a supply of goods or services; whether GST is leviable on the trading of vouchers by distributors or sub-distributors; Is GST applicable to unredeemed vouchers (breakage)?

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iplicit Secures £25 Million Investment from One Peak to Scale its Next- Generation Accounting Software Platform

Accounting Insight

New investment to fuel continued expansion and product innovation for UK cloud accounting software leader iplicit, the leading cloud accounting software platform purpose-built for the UK mid-market, has announced a 25 million investment from leading technology growth investor One Peak. This new investment marks iplicits first external institutional funding round and will be used to significantly accelerate iplicits product development and fuel its exponential growth.

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Protect What Matters: Rethinking Finance Ops In A Digital World

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.