Thu.Feb 06, 2025

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Tax Relief for California Wildfire Victims

Withum

The California wildfires that broke out on January 7, 2025, have caused tremendous devastation to individuals and businesses alike. More than 29 people have died, and the wildfires have damaged more than 40,000 acres of land in and around Los Angeles. The fires have destroyed more than 12,000 homes and businesses and more than 180,000 people were under evacuation orders during the worst of it.

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The AICPA Gets Around to Looking Into If This Whole Private Equity Thing Requires New Independence Rules

Going Concern

Two years ago, two years after the first major private equity investment in a top 20 firm kicked off a flood of similar investments in some of the largest non-Big 4 firms in the country, the AICPA formed a task force to “look into issues raised by private equity investors in accounting.” And now the task force is about to solicit public comment on their preliminary conclusions.

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5 time management tips for accountants and CPAs

ThomsonReuters

In the fast-paced world of accounting and tax preparation, every minute counts. As an accountant or CPA, youre often juggling multiple clients, deadlines, and tasks, which can lead to overwhelming stress and burnout. According to the 2024 State of Tax Professionals Report , time management, meeting deadlines, and timely filing were the second highest set of challenges for survey respondents.

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State income tax rate changes for 2025

Accounting Today

Nine states are cutting their individual income tax rates in 2025.

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Your Accounting Expertise Will Only Get You So Far: The New Way To Lead

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. But 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. 🗻 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. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.

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Embracing 5 Generations in the Workplace

CPA Practice

Modern accounting firms are more age-diverse than ever, with most workplaces hosting five generations. While every person is an individual, each generation tends to be shaped by distinct historical events, cultural shifts and technological advancements.

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Third Group of Yearly Stock Market Performance and Inflation Charts

Withum

Following are my third and final group of 2024 market performance and related charts. These eight charts bring my total to 20. Each chart tells its own story, and when combined, they present the big picture of where we have been and an inkling of what could be expected in the future. I will also include all 20 charts in a booklet to illustrate my virtual presentation on February 20, 2025 for the East Brunswick Public Library.

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More Trending

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Re-electing S corp status after revocation

Accounting Today

As clients' businesses evolve, it sometimes makes sense for them to change how their companies are taxed.

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Fyle Announces QuickBooks Desktop Integration

CPA Practice

The expense management platform has integrated with QuickBooks Desktop, allowing businesses to manage and sync expenses with QuickBooks, which eliminates manual data entry and reconciliation.

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Tax Fraud Blotter: Dirty laundry

Accounting Today

Startup shut down; healthy, wealthy and crooked; won't ever stand the strain; and other highlights of recent tax cases.

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Intuit Connect Continues to Inspire with Learning on Firm of the Future

CPA Practice

Firm of the Future recently featured a year-end wrap-up of QuickBooks features to complement Main Stage presentations on the new Intuit Enterprise Suite and new features in QuickBooks Online.

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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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DeFi companies win reprieve on tax reporting

Accounting Today

Decentralized finance companies are breathing a sigh of relief after the Treasury and the Internal Revenue Service gave them a two-year delay on reporting.

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Cap on State and Local Tax Deductions Resulted in Higher Taxes, Says Survey of CPAs

CPA Practice

The survey was created to gauge the impact of the $10,000 cap on SALT deductions imposed by the Tax Cuts and Jobs Act (TCJA) in 2017. The cap is due to expire this year.

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GreenGrowth acquires retiring firm CGC

Accounting Today

GreenGrowth CPAs acquired retiring firm CGC Accountants & Advisors in a move to expand its new service niche.

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New NetSuite Solution Helps Businesses Manage and Grow Diverse Revenue Streams

CPA Practice

NetSuite SuiteSuccess Anything-as-a-Service (XaaS) Edition enables businesses with diverse product and service offerings reduce software costs and complexity, expand business insights, enhance the customer experience, and drive revenue growth.

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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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NetSuite rolls out AI agents, promises more to come

Accounting Today

NetSuite, during its SuiteConnect event in Manhattan, announced agentic AI enhancements to its solutions, and plans to roll out more in the future.

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U.S. Initial Jobless Claims Pick Up, Data Shows

CPA Practice

The level of initial claims remain generally in line with pre-COVID-19 levels, and private employment data fromADP Researchshowed a healthy pace of hiring in January.

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Florida CPAs push state for licensing changes

Accounting Today

The Florida Institute of CPAs gathered over 100 CPAs in Tallahassee to advocate for legislative priorities like innovative pathways to CPA licensure.

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AICPA Requests Changes to Tax Forms to Show Disaster-Impacted Returns

CPA Practice

The American Institute of CPAs requested that the IRS incorporate a checkbox and Federal Emergency Management Agency (FEMA) disaster number space into various tax returns.

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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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Top Remote Accountants of the Week | February 6, 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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Valentine’s Day Spending Forecast to Hit Record $27.5 Billion

CPA Practice

The most popular gift categories this year include candy (56%), flowers (40%), greeting cards (40%), an evening out (35%) and jewelry (22%).

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NetSuite Migrates to Oracle Autonomous Database

Insightful Accountant

NetSuite has announced their migration to the Oracle Autonomous Database to help organizations take advantage of enterprise-grade AI, security, performance, and innovation. It's the same technology as leading AI and Fortune 500 organizations rely on.

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Businesses Face Persistent Risks and Growth Opportunities as Global Economy Undergoes Transformative Shift

CPA Practice

A new study explores how businesses, executives and investors should rethink traditional approaches for navigating todays global macroeconomic environment.

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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.

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Cash Vs accruals

Accounting for Good

When managing your NFP organsiations finances, one of the most important decisions youll make is how to track income and expenses.

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FICPA Advocates for Effective, Efficient Licensure During CPA Day at the Capitol

CPA Practice

This year, the FICPA is supporting legislation that offers innovative pathways to CPA licensure in Florida while maintaining strong standards and protecting the public trust.

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NetSuite Launches New Anything-as-a-Service Solution

Insightful Accountant

New NetSuite SuiteSuccess Edition helps organizations with product and service offerings increase efficiency, expand insights, and enhance the customer experience.

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A Fresh Look at Payroll Providers – The Accounting Technology Lab Podcast – Feb. 2025

CPA Practice

In their latest video and podcast, Randy Johnston and Brian Tankersley, CPA, discuss payroll providers and systems for accounting firms serving multiple clients.

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How to Set Better OKRs and Drive Results

Before you can achieve success, you have to define it. Objectives and Key Results (OKRs) give you the framework to do just that. Paycor’s free guide includes a step-by-step process leaders can use to work toward – and achieve – their loftiest business goals.

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Xero Data Shows US Small Businesses See Improved Performance

Insightful Accountant

A new report from Xero highlights optimistic improvements for small business performance while noting both challenges and opportunities posed by proposed policy changes.

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NetSuite migrates to AI self-maintaining database

Accounting Today

NetSuite said it has moved its suite with all its data into an AI-driven self-maintaining database, part of parent company Oracle's cloud infrastructure.

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Growing an Accounting Firm & Tech Tools for Bookkeepers with Sal Rezai

Insightful Accountant

In this episode of the Accounting Insiders Podcast, host Gary DeHart interviews Sal Rezai, founder of Accounting by Sal, about her journey in building a firm that serves service-based SMBs in the U.S. and Canada.

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NetSuite launches solution for managing "Anything-as-a-Service"

Accounting Today

NetSuite, during its SuiteConnect event in Manahttan, announced the launch of NetSuite SuiteSuccess Anything-as-a-Service (XaaS) Edition, aimed at businesses with both product and service components.

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Automation, Evolved: Your New Playbook for Smarter Knowledge Work

Speaker: Frank Taliano

Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.