CPA Practice
DECEMBER 19, 2024
The festivity of December is replaced all too quickly by the due dates of January, when the bills from holiday spending and travel arrive. This kind of financial hangover can make the start of the year a little less joyful, but there are ways to prevent it.
Acterys
DECEMBER 19, 2024
Without a clear understanding of what your workforce is capable of today, planning for tomorrow becomes a guessing game. This is where workforce analysis becomes a game-changer transforming vague assumptions into informed decisions. Yet Gartner research reveals that only 8% of organizations have reliable data on the skills their workforce currently possesses and those that drive business success.
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GrowthForceBlog
DECEMBER 19, 2024
7 min read December 18th, 2024 The process of closing out financial records is complex, and there are lots of places where nonprofit financial mistakes can occur. However, your final financial reports and records must be accurate and compliant. Key Takeaways 5 Common Year-End Financial Reporting Mistakes Nonprofits Should Avoid: In addition to recognizing pledged contributions at the correct time, nonprofits must also separate the revenue they receive into distinct categories.
Going Concern
DECEMBER 19, 2024
It’s official, revenue season for global Big 4 firms has come to a close. And it wasn’t a particularly great year for any of them as they continued to struggle with low demand for consulting services and low attrition keeping their salary costs higher than they’d like. Alright, KPMG, let’s see what you got. KPMG International announces annual globally aggregated revenues for KPMG firms of US$38.4 billion for the year ended 30 September 2024 (FY24) an increase of 5.1% in
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
Withum
DECEMBER 19, 2024
Many changes in technology over the past 30 years have affected how background investigations are conducted. Numerous types of documents, including, but not limited to, court records, bankruptcy filings, real estate records, employment histories, corporate filings, and professional licenses, are now available online or through proprietary databases.
ThomsonReuters
DECEMBER 19, 2024
Jump to Automating digital asset compliance workflows What can cryptocurrency tax software do? Strategic digital asset reporting implementation for tax professionals Act now and gain a competitive edge The tax landscape is evolving rapidly, especially with the emergence of digital assets like cryptocurrencies. As part of this evolution, the IRS has introduced new digital asset reporting regulations.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
ThomsonReuters
DECEMBER 19, 2024
Jump to The impact (and opportunity) for tax professionals Discover the advantages of AI-powered solutions Tackle digital asset regulations with confidence As digital assets continue to gain momentum, the IRS is taking significant steps to ensure that these types of transactions including cryptocurrencies , NFTs, stablecoins, and tokenized securities are properly tracked and reported for tax purposes.
Accounting Today
DECEMBER 19, 2024
The optional standard mileage rate for automobiles driven for business will increase 3 cents next year.
Withum
DECEMBER 19, 2024
The manufacturing world is buzzing with artificial intelligence success stories, at least if vendors are to be believed. Industry publications overflow with tales of AI-powered predictive maintenance saving millions, computer vision systems achieving substantial quality control improvements, and smart AIs optimizing entire factory floors. Yet beneath this enthusiastic narrative lies a more sobering reality: many manufacturers are struggling with the basics of digital transformation.
Accounting Today
DECEMBER 19, 2024
The IRS and its partners shared a half-dozen ways to safeguard your firm and your clients during National Tax Security Awareness Week.
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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
DECEMBER 19, 2024
The event is free for professionals, thanks to the sponsorship of several leading accounting and tax technology providers. All sessions are NASBA certified for CPE credit, and some sessions are IRS certified for CE credit.
Accounting Today
DECEMBER 19, 2024
The IRS declined to commit to expanding its Direct File free tax preparation program nationwide in response to a report from the GAO amid GOP opposition.
ThomsonReuters
DECEMBER 19, 2024
Blog home As audit firms prepare for the upcoming season, peer review challenges remain at the forefront. Changes in standards, increased regulatory scrutiny, and advancements in audit technologies are shaping the landscape and leaving firms wondering how they can stay ahead. To address these concerns, weve compiled insight on the new peer review standards alongside actionable strategies so your firm can approach the year ahead with confidence.
Accounting Today
DECEMBER 19, 2024
Next year is set to become one of the most significant in modern history when it comes to shaping the tax and financial planning environment.
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CPA Practice
DECEMBER 19, 2024
The optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024.
Accounting Today
DECEMBER 19, 2024
Tax pros don't expect big changes for the coming filing season but they're already worrying about the one after that
Insightful Accountant
DECEMBER 19, 2024
InsureTax, is a Lloyd's agent, offering the first-ever Tax Audit Insurance solution tailored for small businesses (SMBs). This solution is very different than other solutions you think can protect you in the event of a tax return audit.
Accounting Today
DECEMBER 19, 2024
Expatriate advocacy groups are applauding legislation introduced this week that would implement a residence-based taxation system for U.S. citizens living overseas.
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.
Insightful Accountant
DECEMBER 19, 2024
With the 2025 filing season quickly approaching, the Internal Revenue Service encouraged taxpayers to take key steps now to prepare for filing their 2024 federal income tax returns next year.
Accounting Today
DECEMBER 19, 2024
The Financial Accounting Foundation report found the Private Company Council has been performing its duties effectively and should continue to operate.
Ace Cloud Hosting
DECEMBER 19, 2024
Just like any other field, productivity is also considered essential for accountants. They have to handle a bunch of documents, invoices, financial statements, and many more. Manually extracting and entering.
Accounting Today
DECEMBER 19, 2024
The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.
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.
Canopy Accounting
DECEMBER 19, 2024
Client relationship management (CRM) software helps businesses across all industries manage client communications throughout the service lifecycle. Small-to-medium-sized businesses (SMBs), especially, will seek out free options to get the basic necessities from a well-regarded platform.
Accounting Today
DECEMBER 19, 2024
The asset sales carry complexity requiring careful thought and expert advice, but they could prove beneficial to some wirehouse breakaways or RIA succession plans.
CPA Practice
DECEMBER 19, 2024
Thursday's free CPE session topics begin at 9am ET, and include Secure Act 2.0 effects on retirement, CAS, business license management, firm strategies, tax resolution, firm staffing, and marketing. Day two sessions start at 9am ET.
Accounting Today
DECEMBER 19, 2024
Chicago's Sikich announced the launch of a new virtual chief AI officer service, giving organizations executive level oversight of AI initiatives without committing to a full time hire.
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.
Menzies
DECEMBER 19, 2024
Menzies LLP - A leading chartered accountancy firm. Digital transformation is changing how hospitality and leisure businesses operate. By adopting new technologies, digital transformation can help businesses with the following: Streamlining operational processes and systems Enhancing operational efficiency Reduce risk Improving data security Deliver inaccurate and timely reporting Maximising engagement with customers and improve the overall customer experience This article explores the key chall
Accounting Today
DECEMBER 19, 2024
The spending plan comes after contentious talks between the administration and aldermen over how to close a nearly $1 billion deficit with higher taxes or cuts.
RogerRossmeisl
DECEMBER 19, 2024
Good news for small businesses: The deadline for filing Beneficial Ownership Information (BOI) reports might be extended by a year. The House of Representatives has proposed a continuing resolution that includes this extension, pushing the deadline from January 1, 2025, to January 1, 2026, for companies formed or registered before January 1, 2024. This 1,500-page funding bill, aimed at preventing a government shutdown by extending funding through to March 14, 2025, is up for a vote soon.
SkagitCountyTaxServices
DECEMBER 19, 2024
Raise your hand if you feel like youre living through a sales tax nightmare as were in the post-Black Friday and pre-Christmas window of chaos. (While I cant see your raised hand, I can certainly feel it.) Which only makes sense: You have to pay attention to a lot of details, all while handling an atypical volume of sales. Stress and mistakes are inevitable.
Advertiser: Paycor
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