Tue.Jan 07, 2025

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Five trends that will redefine finance and accounting in 2025

Accounting Today

F&A has evolved from a number-crunching function to a strategic and consultative one, safeguarding assets, streamlining operations and influencing future growth.

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Refunds and sales tax

TaxConnex

Many shoppers went online this season to find the perfect gift. Its a safe bet that few of them hit the target, which leads to returns, which leads to refunds from sellers, to which leads to the nagging question: Does sales tax get refunded along with the purchase price? The simple answer is yes. The more accurate answer, particularly when something as complex as sales tax gets involved, is: Probably, but watch the details.

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Why CFO Support Services Are Essential for Business Success in 2025

AccountingDepartment

The role of financial strategy in business success has never been more apparent. With increasing financial complexities, regulatory challenges, and an unpredictable economic environment, small and medium-sized businesses (SMBs) are discovering the critical value of CFO support services.

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The Big Boys in Investing Are Getting Into Accounting Now

Going Concern

Well it’s official, we’re in the “sell” part of the private equity cycle. We’re also in the part of the cycle where you may have actually heard of the company investing in the accounting firm. And, because of that, also in the part of the cycle where things heat up significantly now that the big boys are jumping into the accounting space.

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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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Is it time to upgrade? Tips for changing accounting systems in 2025

Accounting Seed

Changing accounting systems can feel intimidating. Even if the legacy accounting system you currently use doesnt have the features, speed, or power you need, at least its familiar. Sometimes though, the benefits of switching to new software begins to outweigh the cost of learning a new system. If your outdated accounting system cant keep up with your growth, you want a more robust accounting system, or your vendor no longer supports your needs, it may be time to switch.

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Key Q1 2025 Tax Deadlines for Startups

BurklandAssociates

The first quarter of 2025 is packed with critical tax deadlines for startups. Missing these dates can result in penalties, compliance issues, and lost opportunities for valuable tax credits. To Read More The post Key Q1 2025 Tax Deadlines for Startups appeared first on Burkland.

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IRS proposes banning contingency fees

Accounting Today

The change would come as part of the first big amendments to Circular 230 since 2014.

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Moneypenny launches new call tracking service to help accountancy businesses drive growth and unlock marketing ROI

Accounting Insight

Moneypenny has launched a newcall-trackingservice to help accountancy businesses identify which marketing campaigns, ads, web pages, and specific keywords drive phone calls. The innovative solution is the first to be created in partnership with Ruler Analytics, a specialist marketing measurement platform. In todays competitive landscape, phone calls are still one of the most valuable forms of customer engagement, and understanding how they are generated is crucial to maximising marketing return

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The End of the Universal Cost Basis Method for Digital Assets and Its Impact on You

Withum

The Universal Cost Basis Method for Digital Assets is over, but a safe harbor option exists. Do you need to act now? The IRS released final regulations on broker reporting for digital assets in (T.D. 10000). Per these regulations, Form 1099DA will be used to report digital asset sales to the IRS and to assist taxpayers with reporting on their income tax returns.

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The best and worst states for property taxes in 2025

Accounting Today

Every state levies property taxes, but some states have high or complex property tax structures, making them less competitive.

Tax 119
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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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PCAOB Doled Out a Record $37.4 Million in Fines in 2024

CPA Practice

The blockbuster fine of 2024 was the $25 million penalty the PCAOB gave KPMG in the Netherlands last April for systemic internal exam cheating over a five-year period. It's the largest fine the PCAOB has ever doled out.

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Caseware announces acquisition of LeaseJava

Accounting Insight

SaaS solution enables automation of complex lease accounting calculations, ensuring precision and simplification Caseware, a global leader in cloud-enabled audit, financial reporting and data analytics solutions, today announced the acquisition of LeaseJava, a software-as-a-service (SaaS) solution designed and developed by leasing standards experts.

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CPE Webcast – Jan. 29, 2025: New Year, New Legal Entity

CPA Practice

Clients just starting out need insight on which legal structure to select for their business. Seasoned entrepreneurs may need insight as their company grows and the entity once selected may not be as advantageous as it once was. The New Year is an ideal time to get a refresh on business entity options for your clients.

Legal 114
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Deadlines coming for taxpayers hit by disasters

Accounting Today

The IRS is reminding those who received filing relief that they likely have to file by Feb. 3 or May 1.

Tax 111
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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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A Look Into Gen Z’s Unique Money Mindset and Approach to Financial Wellness

CPA Practice

Heres a breakdown of how members of Gen Z approach money, what factors influence their approach and what advice others have for those of this generation.

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IRS, Treasury finalize rules for clean electricity tax credits

Accounting Today

The Treasury Department and the Internal Revenue Service released final rules for the Clean Electricity Investment and Production Tax Credits in Sections 45Y and 48E of the Tax Code.

Tax 105
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Nominations Open for 2025 “Most Powerful Women in Accounting” Awards

CPA Practice

The Most Powerful Women in Accounting Awards, now in their 12th year, were created byCPA Practice Advisorto promote and support the success of women leaders as part of its broader mission of sustaining the profession.

Account 101
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Inventory Management in QuickBooks Enterprise – What You Need To Know

Ace Cloud Hosting

QuickBooks Enterprise is one of the most robust tools for managing the accounting processes of every business in any industry.

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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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Should You Actively Trade in a Roth IRA?

CPA Practice

Day trading in a Roth IRA is perfectly legal, but it may not be financially wise.

Legal 98
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Adopt, Test, Monitor: Simplifying AI for CPAs

Accounting Today

When it comes to AI, where do we start? What's relevant? How do we determine what's worth our time and investment? Consider the AI Adopt, Test, Monitor Framework.

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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.

Tax 98
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Caseware to acquire lease software company

Accounting Today

Caseware announced it is acquiring LeaseJava, an Atlanta-based provider of lease accounting support solutions.

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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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Citrin Cooperman’s PE-Backed Ownership Flips From New Mountain Capital to Blackstone in ‘Monumental’ Deal

CPA Practice

The deal marks the first time in the accounting profession that private equity ownership of a CPA firm has transferred, or flipped, from one investment group to another.

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Citrin gets new PE owner as Blackstone buys stake

Accounting Today

The Top 25 Firm's private equity ownership will transfer from New Mountain Capital to Blackstone, marking the first 'turn' in the U.S. accounting space.

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Here’s What Comes Next for California Fire Victims Who Won Federal Tax Relief

CPA Practice

Tens of thousands ofNorthern Californiafire victims stand to recover millions of dollars in reimbursements for federal taxes paid on wildfire settlements now that the Federal Disaster Tax Relief Act finally passedCongresslast month and was signed by PresidentJoe BidenonDec. 12.

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Kacee Johnson departs CPA.com

Accounting Today

CPA.com's vice president of strategy and innovation, Kacee Johnson, has announced she is stepping away from her position after six-and-a-half years.

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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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Navigating 2025’s Complex Landscape for Boards and Audit Committees

CPA Practice

Maintaining the focus on financial reporting and internal control risks remains job number one for audit committees.

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M&A roundup: HBK and SD Mayer expand

Accounting Today

Top 50 Firm HBK acquired Acuity Human Resources; and SD Mayer merged in Bogdan & Frasco.

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The Tax Blotter – January 2025

CPA Practice

The Tax Blotter is a round-up of recent tax news, briefs, and court rulings.

Tax 85
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2025 Payroll Tax and Withholdings Update

Anders CPA

In 2025, there are several updates to various payroll tax withholding limits, including Social Security tax and 401(k) elective deferrals. For employees, the minimum wage is increasing in Missouri and Illinois. Below, we highlight any payroll tax and withholding updates or consistencies for 2025 that employers and employees should be aware of. Social Security Tax Withholding For 2025, the Social Security tax wage base for employees will increase to $176,100.

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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.