Thu.Jan 09, 2025

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Top 5 Trends Impacting Accounting in 2025

Accounting Seed

The accounting landscape continues to evolve at a rapid pace with emerging technologies, shifting workforce dynamics, and new operational demandsall of which impact the way accounting teams operate, and businesses achieve growth goals. Based on the data found in the Office of the CFO reports from Piper Sandler , weve compiled the top trends shaping the future of accounting that organizations must embrace to stay competitive: 1.

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Big 4 Firms Fight Against Metrics That Would Reveal the Workloads Behind the Curtain

Going Concern

While the AICPA and large accounting firms have begged urged the SEC not to approve the PCAOB Firm and Engagement Metrics rule (PCAOB-2024-06) approved by the PCAOB on November 21, 2024, at least one person would like to see the added transparency this rule could provide and he’ll explain why in a comment letter we’ll discuss below. As a refresher, this rule requires reporting of metrics at both the firm and the engagement levels.

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Update to sales tax requirements of selling into Canada

TaxConnex

A huge draw of eCommerce is that a sellers potential market might include many nations. And U.S. sellers looking to go international might naturally first look north. Canada is now the 11th largest market for eCommerce in the world, with a predicted revenue of more than 63 million (in U.S. dollars) by last year. Leading eCommerce market segments into Canada have included fashion, hobby/leisure, electronics, furniture/homeware and groceries, according to latest statistics.

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Maximizing Profit Opportunities with Strategic Financial Forecasting

AccountingDepartment

In the current competitive environment, small and medium-sized businesses (SMBs) must leverage every possible advantage to succeed and expand. Forecasting is a powerful tool that can greatly influence a company's financial success.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

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

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The cost of statutory reporting errors and the need for ESG integration

ThomsonReuters

Blog home In the high-stakes world of business, accurate statutory reporting is crucial to avoid potential financial and reputational consequences. Surprisingly, statutory reporting processes are often overlooked or neglected in organizational improvement initiatives, even though they are recognized as a critical business need. As regulatory scrutiny tightens, even minor mistakes can lead to costly pitfalls.

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FREE Accounting Education Webinars — January 2025

Nancy McClelland, LLC

A few too-good-to-miss free resources have come through my inbox and socials recently, and I wanted to make sure to share the goodness with yall. Velocity 2025 – Virtual Annual Planning Retreat by Justine Lackey Date: Tuesday, January 10th Time: 12:30-4 pm EST Whats the disconnect between dreaming big and actually making it happen? You need a clearly articulated vision.

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How Bad Accounting Can Impact Your Business Tax Return

LSLCPAs

Accounting is more than just number-crunchingit’s the foundation of your financial stability and success. Yet, for many individuals and businesses, poor accounting practices lead to unnecessary stress, missed opportunities, and even costly tax consequences. If youve ever felt overwhelmed by your financial records or rushed to prepare your tax return at the last minute, this.

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Top Remote Accountants of the Week | January 9, 2025

Going Concern

Are you having trouble finding remote accountants, CAS experts, auditors, or tax professionals for your firm or internal team? Accountingfly can assist you! With our Always-On Recruiting service, you can access a pool of top remote accounting candidates without any upfront costs. Sign up now to view the complete candidate list and connect with potential hires.

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The best and worst states for sales taxes

Accounting Today

Data from the Tax Foundation's 2025 State Tax Competitiveness Index ranked which states compete on sales and excise taxes, and which don't.

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Per Employee and Multi Company Pricing Model for QuickBooks Enterprise Remains a Mystery

SchoolofBookkeeping

Intuit, in their infinite wisdom, has announced a new pricing model for QuickBooks Enterprise, their flagship desktop product. Because, of course, it wasn't complicated enough already. This article aims to unravel the mysteries of the upcoming changes, although—surprise!—specific details remain as elusive as ever. The article goes to great lengths to discuss changes to the pricing structure, but let's not get too excited.

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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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Tax Fraud Blotter: On the record

Accounting Today

Just a few tweaks; a favorite Uncle; it's taken care of; and other highlights of recent tax cases.

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2025 Tax Refunds: When Can You Get Your Refund? Date Estimate

CPA Practice

Everybody hates the IRS, but many of us love getting a tax refund! Find out when you can expect to get your refund if you file early. Even without a refund loan, you can usually get your refund in 2-3 weeks.

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IRS Free File starts Jan. 10

Accounting Today

The program will start accepting individual returns to be held for filing once tax season kicks off.

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EisnerAmper Combines with HDA Accounting Group in Colorado

CPA Practice

The top 20 accounting firm is merging in HDA Accounting Group, a Greenwood Village, CO-based firm that specializes in services exclusively to dental practices, in a deal expected to close in early 2025.

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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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New Cryptocurrency Reporting Requirements Impact Tax Season 2025

Insightful Accountant

Starting January 1, 2025, the implementation of Form 1099-DA and finalized crypto reporting regulations will significantly impact your tax preparation practice.

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Nation Pauses for Day of Mourning for Jimmy Carter

CPA Practice

The tradition has been held for presidents since the assassination of Abraham Lincoln, but has also been observed for other nationally respected leaders, such as Dr. Martin Luther King, Jr.

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Learning from your failures

Accounting Today

Here are some life lessons I've learned from dusting myself off in sports, academics and my accounting career.

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Murph's 2025 Cybersecurity Software Survey Part 1

Insightful Accountant

Murph is back with his survey of various Cybersecurity software and hardware, ranking them into a composite five point score. In this edition (part 1) he reveals his Top 20 Anti-virus applications.

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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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M&A roundup: Big firms get bigger

Accounting Today

EisnerAmper merges in HDA Accounting; BDO USA adds Blue Beyond Consulting; and Brady Martz welcomes Green & Miller.

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How Much is a ProAdvisor Worth?

Insightful Accountant

It's been several years since an "Average Billing Rate Survey" was conducted for the ProAdvisor community. We are asking for your participation in this (non-scientific) survey of billing rates and methods.

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IRS, Treasury finalize rules for clean energy investments in low-income communities

Accounting Today

The Treasury Department and the Internal Revenue Service have released final rules and procedural guidance for the Section 48E(h) Clean Electricity Low-Income Communities Bonus Credit Amount Program.

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Embracing AI and Advisory Roles: Profit First with Debra Angilletta

Insightful Accountant

Join host Gary DeHart in an insightful conversation with business advisor Debra Angilletta, renowned for implementing the Profit First system in over 300 companies.

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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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AAM opens marketing award nominations, launches business development award

Accounting Today

The Association for Accounting Marketing is accepting nominations for the 2025 Marketer of the Year Award and launched the Business Developer of the Year award.

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Ramp Rolls Out Integration with Workday Financial Management

CPA Practice

The integration, announced on Jan. 9, streamlines and automates accounting processes to help shared customers close the books more quickly and accurately.

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Net at Work buys Sage and Acumatica practices from e2b

Accounting Today

Business and tech consultancy Net at Work has acquired the Sage and Acumatica practices of accounting and ERP product reseller and developer e2b teknologies.

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FAF Looks to Fill Key Leadership, Advisory Roles

CPA Practice

The open positions include chair and members of the Financial Accounting Foundation board of trustees, FAF executive director, aFinancial Accounting Standards Board member, and chair of theFinancial Accounting Standards Advisory Council.

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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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Extra filing time granted for Carter remembrance

Accounting Today

Any returns or payments due on Jan. 9 can be sent in on Jan. 10.

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IRS Reminder: Final 2024 Quarterly Estimated Tax Payment Due Jan. 15

Insightful Accountant

The Internal Revenue Service today encouraged taxpayers who paid too little tax in 2024 to make a fourth quarter estimated tax payment on or before Jan. 15, 2025.

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Accounting Firm Business Plan (Free Template + Instructions)

Ryan Lazanis

Use this accounting firm business plan template to get clear on where you want your firm to go and how you'll get there. The post Accounting Firm Business Plan (Free Template + Instructions) appeared first on Future Firm.

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UBS set to settle Credit Suisse US tax evasion case, WSJ reports

Accounting Today

UBS Group is close to making a settlement of at least hundreds of millions of dollars over violations by Credit Suisse of a decade-old agreement with the DOJ.

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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.