Accounting Today
JANUARY 3, 2025
Carvana was accused by short-seller Hindenburg Research of impropriety in a report alleging the auto retailer's subprime loan portfolio carries substantial risk.
Going Concern
JANUARY 3, 2025
Psst, take our 2025 Predictions for the Accounting Profession survey. To see 2024 survey results, check out this post. 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.
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MyIRSRelief
JANUARY 3, 2025
Understanding and managing payroll taxes, particularly through Form 941, is a critical but often misunderstood part of running a business. This form, which employers must file quarterly, reports withheld income taxes, as well as Social Security and Medicare taxes for employees. Yet, even a minor error in this process can lead to significant financial and legal consequences.
CPA Practice
JANUARY 3, 2025
Biden announced his formal decision on Friday after the case was referred to him by a U.S. security review panel, ahead of a deadline early next week.
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
Accounting Today
JANUARY 3, 2025
Grant Thornton Advisors LLC in the U.S. and Grant Thornton Ireland have combined, bringing together two members of the Grant Thornton International network.
CPA Practice
JANUARY 3, 2025
The Financial Accounting Standards Board published aninvitation to comment on Jan. 3 that gives stakeholders the opportunity to provide feedback on the board's future standard-setting agenda.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
CPA Practice
JANUARY 3, 2025
The trend of southern states netting larger numbers of one-way U-Haul customers continued during 2024, with South Carolina topping the U-Haul Growth Index for the first time. Texas, North Carolina, Florida and Tennessee round out the five leading growth states.
Accounting Today
JANUARY 3, 2025
RSM welcomes 2025 class of partners and principals; CPAacademy.org honors 2024 Top Presenters; and more from across the profession.
CPA Practice
JANUARY 3, 2025
The top 30 accounting firm has expanded into the Chicago market after acquiring CPA firm KRD Ltd., which has offices in Chicago and Schaumburg, IL, as well as Burkett & Beattie, a CPA firm based in Libertyville, IL.
Patriot Software
JANUARY 3, 2025
When you own a small business, its important to have extra cash on hand to use for investing or paying your liabilities. But with money constantly coming in and going out, it can be difficult to monitor how much is leftover. Use a retained earnings formula to track how much your business has accumulated.
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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
CPA Practice
JANUARY 3, 2025
Jan. 2 was a big day at top five accounting firm RSM US, as its new partner and principal class of 2025 was officially announced.
Accounting Today
JANUARY 3, 2025
The former U.S. Army sergeant shared strange similarities with a suspect in the Las Vegas terror attack, but the FBI says there is no link between them.
CPA Practice
JANUARY 3, 2025
Xeros U.S. small business customers will be able to pay their teams seamlesslywithin the Xero platform, giving them greater visibility into their finances and operations.
Accounting Today
JANUARY 3, 2025
The CFO role is becoming an increasingly vital position within corporations, with many now seeing it as a stepping stone to the CEO position.
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.
CPA Practice
JANUARY 3, 2025
The company said this gives companies a secure, near-instant alternative to compensate contract talent in the way that suits them best while Remote maintains compliance at home and abroad.
FraudFiles
JANUARY 3, 2025
With the challenging economy were experiencing, people are constantly asking me how business is going. The assumption is that people and companies dont have money for litigation, and so my business is probably suffering. Add to that the long-term shutdown of various courts, and youd think that business would be slow. But Ive been doing [.
CPA Practice
JANUARY 3, 2025
The new platform of roughly 12,000 professionals will include a united Trans-Atlantic advisory and tax practice, as well as independent audit practices.
Accounting Today
JANUARY 3, 2025
The traditionally static field of auditing is on the edge of an industry-changing transformation, thanks to artificial intelligence.
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.
CPA Practice
JANUARY 3, 2025
Under the new rules, the PCAOB can address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to remain registered, as demonstrated by its failures to file annual reports viaPCAOB Form 2 and pay annual fees for at least two consecutive reporting years.
Randal DeHart
JANUARY 3, 2025
We are witnessing a remarkable transformation driven by Artificial Intelligence (AI) and automation. While these advancements promise to enhance efficiency and speed, business owners must recognize the enduring importance of soft skills in their teams for long-term success and competitiveness. The construction industry has also experienced a significant transformation in recent years, driven by technological advancements.
CPA Practice
JANUARY 3, 2025
Shamsud-Din Jabbar joined the Big Four firm in 2021, according to a statement from Deloitte, and was working as a senior solution specialist. He also had previously worked at EY after his service in the U.S. Army concluded.
Accounting Today
JANUARY 3, 2025
President-elect Donald Trump has announced members of his senior leadership team at the Treasury Department, who'll work alongside Scott Bessent, his pick for secretary.
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
JANUARY 3, 2025
Kies, a longtime Republican lobbyist, will be assistant secretary for tax policy, placing him as a point person at Treasury working on tax cuts Trump has touted as a signature policy issue for 2025.
Accounting Today
JANUARY 3, 2025
President-elect Donald Trump's threat to eliminate tax credits for electric vehicles likely gave plug-in cars a much-needed boost after a disappointing year.
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