Ryan Lazanis
APRIL 25, 2025
Tired of chasing down client documents? Here are 13 document management tools built to save time, reduce errors, and secure your firms data. The post 13 Best Document Management Software for Accounting Firms appeared first on Future Firm.
RogerRossmeisl
APRIL 25, 2025
Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense. The TCJA created 163(j), which generally limits deductions of business interest, with certain exceptions. If your business has significant interest expense, its important to understand the impact of the deduction limit on your tax bill.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Withum
APRIL 25, 2025
The traditional entertainment industry of studio-based film, television, and music greatly shaped our society and economy over the last century. However, in just the past decade, social media has disrupted that studio-based tradition and shaped a new sector of the entertainment industryinfluencing. This shift from studios to individuals has transformed the industry, allowing people living their everyday lives to become sought-after voices in the business.
RogerRossmeisl
APRIL 25, 2025
Business valuation professionals often rely on client-prepared financial projections to calculate lost profits and diminution in value. However, courts may exclude expert testimony thats based on speculative or unreliable projections. To withstand scrutiny, valuators must support their conclusions with market-based evidence and a rigorous analysis of case-specific facts.
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
CPA Practice
APRIL 25, 2025
An unknown number of employees who work in those two offices within the IRS received notice Friday afternoon that they are being laid off as part of the agency's reduction to its workforce.
RogerRossmeisl
APRIL 25, 2025
You may wonder if you can claim itemized deductions on your tax return. Perhaps you made charitable contributions and were told in the past they couldnt be claimed because you didnt have enough deductions to itemize. How much do you need? You can itemize deductions if the total of your allowable itemized write-offs for the year exceeds your standard deduction allowance for the year.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
RogerRossmeisl
APRIL 25, 2025
If you made significant gifts to your children, grandchildren or other heirs last year, its important to determine whether youre required to file a 2024 gift tax return. And in some cases, even if its not required to file one, you may want to do so anyway. Requirements to file The annual gift tax exclusion was $18,000 in 2024 (increased to $19,000 in 2025).
Accounting Today
APRIL 25, 2025
Accountants can transform renewable energy incentives from the Inflation Reduction Act into a strategic financial opportunity for their clients.
CPA Practice
APRIL 25, 2025
In this video and podcast, Randy Johnston and Brian Tankersley, CPA, speak with Elizabeth Beastrom, Thomson Reuters president of it’s Tax and Accounting Professionals unit. The discussion focuses on current issues and how Thomson Reuters is working to help professionals. Watch the video, listen to the audio podcast below, or read the transcript.
Accounting Today
APRIL 25, 2025
The survey window for our annual ranking of the top CPA financial planners by assets under management is now open.
Advertisement
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
Ronika Khanna CPA,CA
APRIL 25, 2025
There are essentially two types of tax returns for small businesses and the self employed. If you are an unincorporated sole proprietor or a partnership, you are required to fill out the statement of business activities (T2125) on your personal tax return also referred to as the T1. If you have set up a Canadian corporation, then you are required to complete a corporate income tax return referred to as a T2.
Accounting Today
APRIL 25, 2025
NJCPA awards $190K in scholarships; Iowa Society of CPAs names next CEO; and more news from across the profession.
Summit CPA
APRIL 25, 2025
Jamie Nau and Jody Grunden pull back the curtain on how small business owners can move from just getting by to truly thriving with a maturity model.
Accounting Today
APRIL 25, 2025
The Top 100 Firm is shedding staff in AI-dominated spaces, while adding people in others.
Advertiser: Paycor
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.
Going Concern
APRIL 25, 2025
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
Accounting Today
APRIL 25, 2025
The International Auditing and Assurance Standards Board is proposing to tailor its standards to align with recent additions to the IESBA's Ethics Code.
RogerRossmeisl
APRIL 25, 2025
As a business owner, you may be eligible to claim home office tax deductions that will reduce your taxable income. However, its crucial to understand the IRS rules to ensure compliance and avoid potential IRS audit risks. There are two methods for claiming this tax break: the actual expense method and the simplified method. Here are answers to frequently asked questions about the tax break.
Accounting Today
APRIL 25, 2025
Plus, Emburse launches new mobile app with AI; Bill announce new procurement capabilities; and other accounting tech news.
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.
RogerRossmeisl
APRIL 25, 2025
In a significant update for taxpayers and auto dealers, the IRS has announced a critical change to its process for claiming clean vehicle credits for the 2024 tax year. This development, spurred by advocacy from the National Automobile Dealers Association (NADA), addresses widespread issues that prevented many from accessing the New Clean Vehicle Credit and the Previously-Owned Clean Vehicle Credit.
Accounting Today
APRIL 25, 2025
The Iowa Society of CPAs announced Carrie Steffen as its next CEO, effective May 19.
RogerRossmeisl
APRIL 25, 2025
Driven by an increased interest in cryptocurrency, little regulatory oversight and the constant introduction of new coins, cryptocurrency fraud could reach unprecedented levels in 2025. Fraud perpetrators no longer need to rely only on phishing attacks or counterfeit coins theyre now using artificial intelligence to scam crypto investors. Unfortunately, many law enforcement agencies dont have the resources to keep up with the latest fraud schemes. its up to crypto investors to be on the lookout
Accounting Today
APRIL 25, 2025
Accounting Today is looking for the top 100 value-added resellers in the accounting space. The deadline this year is end of day, Friday, May 23, 2025.
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.
CPA Practice
APRIL 25, 2025
Consumer sentiment fell to one of the lowest readings on record and long-term inflation expectations climbed to the highest since 1991 on fears of the economic fallout from tariffs.
Accounting Today
APRIL 25, 2025
The Financial Accounting Standards Board published a rule in 2023 requiring companies that hold crypto to report their tokens at fair value.
Randal DeHart
APRIL 25, 2025
When hiring a construction contractor, clients often have a clear set of expectations that significantly influence their decisions. These expectations encompass many factors, including the quality of artistry, communication skills, adherence to timelines, and budget management. Picture a homeowner named Sarah. Excited and anxious, she embarked on renovating her old farmhouse.
Going Concern
APRIL 25, 2025
Financial Times had a story about a couple Big 4 alumni across the pond starting their own consulting thing with the hope that they’ll compete with their former firms. At first one might be compelled to laugh heartily at the idea of a boutique consulting firm competing for business against the Big 4 when mid-tier firms with billions in revenue can’t even pull such a thing off but they could be onto something.
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.
ThomsonReuters
APRIL 25, 2025
This is the third in a series of blog posts examining product solutions that can help specialists and strategists master tariff compliance. In the previous posts, we explored how ONESOURCE Free Trade Agreements and ONESOURCE F oreign Trade Zones can minimize the impact of tariffs. Highlights: Compliance specialists now have strategic importance Manual compliance processes are no longer viable ONESOURCE Global Duty Optimization provides critical automation Strategic insights create tangible busi
CPA Practice
APRIL 25, 2025
Kastle Systems sees an uptick in the numbers of people entering secure office buildings and parking structures with their electronic badges since President Donald Trump's inauguration.
Accounting Today
APRIL 25, 2025
Semple, Marchal & Cooper LLP has filed suit against the BDO Alliance and its chairman after it was ejected from the alliance following an angry phone call.
CPA Practice
APRIL 25, 2025
A new rule proposed by the Office of Personnel Management, named Schedule Policy/Career, would reclassify certain workers as at-will employees and strip them of prior civil service regulations meaning they would be easier to fire.
Advertiser: Paycor
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.
Expert insights. Personalized for you.
52 
Let's personalize your content