Thu.Nov 21, 2024

article thumbnail

How to Choose the Best Nonprofit Accounting Software

Accounting Seed

Nonprofit organizations strive to create meaningful change in their communities. To achieve their goals effectively, they require organized data, streamlined workflows, and affordable tools. Accounting software is one of the most valuable tools a nonprofit can have, as it allows team members to shift their focus from tedious data management to what truly matters: serving people and making an impact.

article thumbnail

The pre-Black Friday outlook on ecommerce

TaxConnex

Black Friday for retail, the kickoff day for holiday shopping, started almost half-century ago with long lines outside brick-and-mortar stores and the dawn unlocking of doors (and the occasional injury of a shopper in the stampede). Then came Cyber Monday after Thanksgiving, as ecommerce – initially with such tactics as flash sales, mostly possible only online – began claiming a bigger slice of the retail sales.

Sales 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Secret Weapon for SMBs Thriving with CFO Support Services

AccountingDepartment

In the dynamic business world, financial strategy plays a pivotal role in determining success. But what if your small or medium-sized business (SMB) can't afford a full-time financial executive? Enter CFO Support Services —a game-changer for SMBs and startups alike. This blog uncovers the essence of a CFO support service provider, the immense value they bring, and why your business might need one.

Gaming 103
article thumbnail

An Expert’s Guide to the Year-End Close Process

Withum

As the year winds down, it’s essential for businesses to take a proactive approach to their year-end accounting and financial reporting processes. A well-executed year-end close process ensures that accounting records present the most accurate picture for the end user, whether it be internal management, investors or your accounting firm. Closing the books in a timely and systematic way will allow a business to wrap up the previous year and set a strong foundation for the upcoming year.

article thumbnail

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

article thumbnail

The Powers That Be Are Getting Desperate For People to Do This Experience and Learn Thing

Going Concern

The AICPA’s Experience, Learn & Earn (ELE) Program — controversial among some educators for reasons explained in depth here — required accounting employers to sign up for the program when first launched last year but has now opened the program up to “non-affiliated” graduates as long as the graduate is employed full time.

CPA 59
article thumbnail

BlackLine Launches Studio360 Platform

CPA Practice

Accounting and finance automation solutions provider BlackLine has unveiled the BlackLine Studio360 Platform, which unifies financial operations at scale, streamlines processes, and delivers actionable insights across all financial functions. Designed for accounting and finance professionals, the Studio360 Platform includes five key components—Integrate, Orchestrate, Visualize, Blueprint, and Control—each built to address the complexities facing the office of the CFO, BlackLine said in a media r

More Trending

article thumbnail

Jackson Hewitt looks to hire thousands for tax season

Accounting Today

The tax prep giant is once again looking to bring on close to 20,000 seasonal workers.

Tax 119
article thumbnail

Intuit Offering new 'Level 1' Certification Prep V-con

Insightful Accountant

Intuit will provide a free virtual conference with live training for the new 'Level 1' QuickBooks Online ProAdvisor Certification.

article thumbnail

Tough choices ahead in the federal, state and local tax landscape

Accounting Today

Who controls how many branches of government is having repercussions at every level.

Tax 116
article thumbnail

Murph's Payroll Solutions Comparison

Insightful Accountant

December 12 is the upcoming date for our next 'Be Insightful' Premium Content App Comparison covering twelve Payroll Solutions.

payroll 52
article thumbnail

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.

article thumbnail

PCAOB adopts far-reaching metrics and reporting standards

Accounting Today

The Public Company Accounting Oversight Board voted to adopt new requirements to report on various metrics for the firm and its engagements.

Account 115
article thumbnail

IRS 1099 NEC Form: Definition, Purpose, and How to Fill it Correctly

Ace Cloud Hosting

The IRS 1099-NEC form is a key document for reporting non-employee compensation. Whether you’re a freelancer, contractor, or business owner, this form helps you report payments made to independent workers.

Tax 40
article thumbnail

Private equity isn't a silver bullet

Accounting Today

PE brings a lot to accounting, but it's not for everyone, say experts at Accounting Today's PE Summit.

Account 111
article thumbnail

PCAOB Rule Change Creates Procedure to Revoke Delinquent Firms’ Registrations

CPA Practice

Registered audit firms that don’t file annual reports with the Public Company Accounting Oversight Board (PCAOB) and have neglected to pay their required annual fees for two consecutive years could be stripped of their registrations under a new rule amendment approved by the U.S. audit regulator on Nov. 14. The amendment establishes a new procedural mechanism that will enable the board to address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to

audit 52
article thumbnail

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.

article thumbnail

IRS to accept duplicate dependent returns with an IP PIN

Accounting Today

The Internal Revenue Service will begin accepting e-filed tax returns that contain dependents who have already been claimed on another taxpayer's return.

article thumbnail

Starting in 2025, the IRS Will Accept Duplicate Dependent Returns With an IP PIN

CPA Practice

Beginning with the 2025 tax filing season, the IRS will accept e-filed Forms 1040, 1040-NR, and 1040-SS even if a dependent has already been claimed on a previously filed return as long as the primary taxpayer on the second return includes a valid Identity Protection Personal Identification Number (IP PIN), the tax agency said on Nov. 21. This move will help prevent tax refund delays next filing season, the IRS said.

article thumbnail

Gary Gensler plans to step down from SEC in January

Accounting Today

The SEC chair's ambitious agenda drew fierce resistance from Wall Street and the crypto industry.

article thumbnail

Bipartisan Bill Would Boost Monthly Social Security Benefits for 2.5M Americans

CPA Practice

By Erik Bascome Staten Island Advance, N.Y. (TNS) Nov. 20—Millions of Americans could soon receive higher monthly Social Security benefits courtesy of new federal legislation. Last week, the U.S. House of Representatives overwhelmingly passed the Social Security Fairness Act, a bipartisan piece of legislation that would increase benefits for roughly 2.5 million Americans who are currently penalized for their pensions.

article thumbnail

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.

article thumbnail

TIGTA assesses IRS efforts to respond to Oct. 7 attack in Israel

Accounting Today

The Treasury Inspector General for Tax Administration issued a report Thursday on the Internal Revenue Service's response to the Oct. 7, 2023 attack on Israel by Hamas.

Tax 64
article thumbnail

Warranties as a Win-Win Solution: 3 Ways that Warranties Help Tax Planners and Their Clients

CTP

A proactive tax plan can be a major money-saver for taxpayers. But for new or prospective clients, your first tax plan can feel like a leap of faith—and a costly one at that. Taxpayers who have not yet experienced the benefits of working with a Certified Tax Planner might be wondering if the time and money they are investing will actually pay off. One way to lower the stress level and earn the trust of new tax clients is by using warranties.

article thumbnail

Can a multistate business entity dissolve in one state but continue operations in others?

Accounting Today

There are ways the business owners can continue to operate in the other states.

Tax 59
article thumbnail

New Form for Section 83(b) Elections

Withum

The IRS released new Form 15620 to simplify and standardize elections under section 83(b) on November 7, 2024. This new form makes the process more accessible for taxpayers who previously had to send a letter to the IRS in accordance with Rev. Proc. 2012-29. While this new form does not change any of the requirements from Rev. Proc. 2012-29, it incorporates and standardizes the information required by it.

article thumbnail

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.

article thumbnail

Investigation collaborator stands trial over €428M tax scheme

Accounting Today

Kai-Uwe Steck, one of the main collaborators with German prosecutors in their vast Cum-Ex probe, appeared in a Bonn court.

Maine 52
article thumbnail

HubSync Ranked 212th Fastest-Growing Company in North America on 2024 Deloitte Technology Fast 500

CPA Practice

HubSync has been ranked 212th on the Deloitte Technology Fast 500 , a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. HubSync grew 550% during this period. HubSync’s CEO John McGowan credits innovation and partnering with his clients with the company’s 550% revenue growth.

article thumbnail

The impact of the 'racial will gap' on wealth

Accounting Today

A new study shows how the estate planning work of financial advisors carries a direct connection to reducing disparities over time.

Tax 45
article thumbnail

CohnReznick Expands Footprint in Philippines

CPA Practice

CohnReznick LLP , one of the leading advisory, assurance, and tax firms in the United States, today announced that, in support of its global workforce strategy, it has substantially increased its operations in the Philippines, through its wholly owned affiliate, CohnReznick Philippines, Inc. This includes growing the CohnReznick team there and securing larger office space in anticipation of future growth.

article thumbnail

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.

article thumbnail

Key Figures 2024 & 2025

LSLCPAs

As we approach the end of the year, we want to provide you with essential tax planning figures for 2024 and a preview for 2025. If you need any further assistance or clarification, please do not hesitate to contact us. We are always happy to help you with your tax needs. Download PDF: 2024 – 2025. The post Key Figures 2024 & 2025 appeared first on LSL CPAs.

cpas 52
article thumbnail

The Top Toys and Gifts for the 2025 Christmas and Holiday Season

CPA Practice

As a record number of people (183.4 million) are expected to shop during the Thanksgiving holiday weekend , a new survey from the National Retail Federation and Prosper Insights & Analytics reveals the most popular toys and gifts consumers plan to purchase this holiday season. “The holiday season is in full swing and while many consumers have made progress on their shopping lists, most shoppers will make the majority of their purchases over the coming weeks,” NRF Vice President of Industry a

Gaming 52
article thumbnail

Treasury Releases Final Regulations for Certain Repatriations of Intangible Property

Withum

The U.S. Treasury released final regulations for Section 367(d) on October 9, 2024, providing guidance on the treatment of previously expatriated intangible property where the transfer was subject to Section 367(d) and subsequently repatriated back to the United States. The final regulations apply to IP repatriations occurring on or after October 10, 2024.

article thumbnail

Retailers Tell Senate Credit Card ‘Swipe’ Fees are ‘Adding Inflationary Pressure to the U.S. Economy’

CPA Practice

Growing credit card swipe fees are driving up costs for retailers and prices for consumers but could be reined in by passage of the Credit Card Competition Act, the National Retail Federation recently told the Senate Judiciary Committee. “Arbitrarily high swipe fees are adding inflationary pressure to the U.S. economy and prevent retailers and other merchants from growing their businesses,” NRF Senior Vice President for Government Relations David French said.

Retail 52
article thumbnail

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.