Wed.Dec 18, 2024

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Accountants Guide to Integrating a CRM

Canopy Accounting

Client relationship management (CRM) software helps companies across different industries manage their client connections and communication, enabling businesses to provide the best user experience.

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All I Want for the Holidays Is…. A Tax Provision Specialist

Withum

The end of the year is a busy time for many of us. Preparing for the upcoming holidays, spending time with family and friends, and planning for the New Year take a lot of time and commitment. Countless to-do lists and responsibilities at home and work make the most wonderful time of the year more stressful than it needs to be. Finance teams planning for their year-end financial statement audit have an even longer list of things to think about at the end of the year, including income statements,

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Data Confidence: The Key to Unlocking Strategic Growth in Finance

Accounting Insight

Why accurate, connected financial data drives business success The growing importance of data confidence in finance Accurate, real-time financial data has become essential to making sound decisions and driving strategic growth in the economic landscape of 2024. Yet, many finance leaders face significant challenges in achieving data confidence, due to outdated processes and fragmented systems.

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Navigating IRS Form 8275: Key Takeaways from Fact Sheet 2024-32 on IRC Section 280E Disclosure Standards

Withum

On Thursday, December 12, 2024, the Internal Revenue Service (IRS) released a fact sheet addressing Form 8275 and the disclosure of tax positions related to IRC section 280E. Form 8275 is used by taxpayers to disclose positions taken on tax returns for which substantial authority does not exist. Substantial authority is defined as a tax return position that has more than a 40% chance of success based upon its merits.

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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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Connecting Microsoft Planner and Power BI

Acterys

Imagine having a clear, visual overview of all your teams projectsevery task, deadline, and priority right at your fingertips. And then turning that overview into actionable insights, transforming the way your team works together in Office 365. You can, by connecting Microsoft Planner and Power BI. This integration isn’t just about organizing tasks; it’s about elevating your planning process to drive strategic outcomes.

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Is Your Income Statement Misleading You? LTM Delivers Deeper Insights

Basis 365

Why the Income Statement Should Be Viewed Using the Latest Twelve Months (LTM) In the world of financial reporting, convention often guides the format and frequency of the statements presented to management, investors, and other stakeholders. One such convention is presenting the income statement on a year-to-date (YTD) basis often using the calendar or fiscal year as the primary frame of reference.

More Trending

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Mr. Sikich Goes to Washington (Again)

Going Concern

PE-backed Sikich (IPA #28 with $363,765,824 in revenue) has made another big move that will bolster their growing federal practice, acquiring the federal contracts of Cherry Bekaert Advisory LLC supporting the US Patent and Trademark Office. The transaction will see six people from Cherry Bekaert’s team heading to Sikich. Separately, Cherry Managing Director Aurpon Bhattacharya will be joining Sikich as a principal.

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QBO Tags Will No Longer Be Supported — And The Change Hits During Tax Season

Nancy McClelland, LLC

Did everyone get the memo? QuickBooks Online will no longer support tags, and they’re making the change one week before the S-Corp and Partnership tax deadline. While I appreciate the need for this kind of decision, I encourage Intuit to reconsider the timing of big changes so that they come between May and November. It’s not just tax pros that struggle with “busy season”… it’s also bookkeepers and CAS practices that have to tie out the annual financial statem

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The 2024 Top 100 People: Work-life balance — myth or reality?

Accounting Today

The profession's most influential ponder whether personal and professional commitments can exist in harmony.

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IRS Urges Many Retirees to Make Required Withdrawals from Retirement Plans

Insightful Accountant

The Internal Revenue Service today reminded those aged 73 and older of the deadline to take required minimum distributions from individual retirement arrangements (IRAs) and other retirement plans.

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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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SEC approves PCAOB's 2025 budget

Accounting Today

The Public Company Accounting Oversight Board's 2025 budget totals $399.7 million, and the accounting support fee totals $374.9 million.

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AccountingDepartment.com Gears Up for its 11th Vistage ChairWorld

AccountingDepartment

We're happy to announce that AccountingDepartment.com is gearing up for its 11th Vistage ChairWorld event in January! As a proud National Sponsor for the last 11 years, this event holds a special place in our hearts, and we can't wait to reconnect with familiar faces and forge new connections in 2025.

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Is Overtime Taxed Differently Than Regular Wages?

Patriot Software

If you have nonexempt employees, you have to pay them overtime wages whenever they work overtime hours. In each pay period, you need to track employee time worked. Then, at the end of the pay period, you will calculate employee compensation. You will also have to withhold employment taxes.

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California Securities Attorney Charged with Tax Crimes

CPA Practice

A grand jury in San Diego has returned an indictment unsealed charging a California attorney with tax evasion, filing a false tax return and failing to file tax returns with the IRS.

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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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2024 Top 100 People extra: Striking a balance

Accounting Today

As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "Do you feel you have work-life balance? If so, how have you achieved it?

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At a Glance: The Average American Household Budget

CPA Practice

The average U.S. household spends more than $70,000 on housing, meals, transportation, health care and more. How does your household compare?

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It's never too late for year-end tax planning

Accounting Today

Consider this host of strategies to help clients keep more of what they earn.

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Crowe Launches Cyber Risk Management Solution

CPA Practice

The top 15 accounting firm and X-Analytics, a cyber risk decisioning application, announced Dec. 17 the launch of Crowe Cyber Economic Risk Analyzer.

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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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Major AI players back Basis with $34 million

Accounting Today

AI accounting platform Basis received $34 million in Series A funding in a round led by Khosla Ventures which included former US Treasury Secretary Larry Summers plus officials from Google, OpenAI.

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Largest Online CPE Conference for Accountants Underway Wednesday and Thursday

CPA Practice

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.

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Top New Products 2025: Call for nominations

Accounting Today

Accounting Today is asking for submissions for its annual Top New Products list.

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SEC OKs PCAOB Budget for 2025

CPA Practice

The 2025 PCAOB budget totals $399.7 million, and the accounting support fee totals $374.9 million, of which $346.1 million will be assessed on public company issuers and $28.8 million will be assessed on registered broker-dealers.

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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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Shopify to 'depreciate' AvaTax for Shopify Plus April 30, 2025

Insightful Accountant

Shopify store users who have relied on Avalara for their sales tax calculations will need to switch to a new "Avalara for Shopify" integration prior to April 30, 2025.

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How to Work With a Virtual Assistant

Ryan Lazanis

Offshoring virtual assistants came with challenges. Learn how I tackled them and found success, even with no prior experience! The post How to Work With a Virtual Assistant appeared first on Future Firm.

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How To Acumatica - Amazon Returns, Exchanges and Refunds

Insightful Accountant

Enhancements to Acumatica have streamlined the import of returns, exchanges and refunds from a user's Amazon Store(s). A summary of the steps involves is outlined in this "How to" feature.

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M&A roundup: From Minnesota to Memphis

Accounting Today

Two Minnesota firms combine; Smith + Howard expands to Richmond; and more recent accounting mergers.

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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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Sikich Introduces Virtual Chief AI Officer Service

CPA Practice

The Chicago-based professional services firm has launched its vCAIO service, a strategic solution providing organizations executive-level AI guidance without the overhead of a full-time hire.

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Platform Accounting Group adds Illinois and Indiana firms

Accounting Today

The additions bring the total firms that have joined the Utah-based company this year to 12.

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Breaking News: QBO to stop supporting 'Tags'

Insightful Accountant

As of March 8, 2025, QuickBooks Online will stop supporting the use of 'tags'. An option to migrate existing tags to custom fields will be made available in February of 2025.

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Jen Hamilton on the 6 Pillars of Success in an Accounting Firm

Canopy Accounting

In this episode of the Canopy Practice Success Podcast , host KC Brothers talks with Jen Hamilton, a former CPA turned Fractional COO. She shares her journey from traditional accounting to operational consulting, emphasizing the power of modern tools to boost productivity and elevate client service.

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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.