Thu.Jan 02, 2025

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Your Guide to the 2025 Tax Filing Season: What’s New For 2025?

Shay CPA

As the year races past us, its nearly time to start preparing to close your books on 2024. And once you do, youll need to hand them over to the IRS fairly shortly. While April 2025 might feel like its a long way off right now, it can approach quickly. Thats particularly true if your company has a busy season that coincides with the holidays or the new year.

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Year-End Donor Follow-Up: How to Engage Your Supporters at the Start of the New Year

GrowthForceBlog

8 min read December 31st, 2024 Every nonprofit leader knows that year-end giving is often the biggest fundraising event of the year. Throughout the holiday season, the spirit of giving is strong, and businesses are also looking for last-minute opportunities to increase their tax write-offs for the year. Key Takeaways Demonstrate Impact: In addition to thanking your donors and including the compliance-required information in your year-end donor acknowledgment, you should also demonstrate the impa

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New Automated 1099 Preparation available in QuickBooks Online

SchoolofBookkeeping

In a recent edition of Intuit's 'In The Know' webinar series, they recapped the latest demonstration on the 1099 enhancements available in QuickBooks Online Payroll. These updates have been designed to significantly streamline the preparation and filing of 1099s, enabling users to complete the process faster and more efficiently. Tiffany Dolan, who authored the recent product update, rejoined the show to walk us through the new enhancements.

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Top Remote Accountants of the Week | January 2, 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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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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Nine States Cut Individual Income Taxes on Jan. 1

CPA Practice

Seven of the states that are lowering their individual income taxes in 2025 have legislatures that are controlled by Republicans, as well as Republican governors.

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The most-read stories of 2024 in accounting

Accounting Today

The worsening talent shortage and new policies from the Internal Revenue Service top the list of the stories our readers flocked to.

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More Trending

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SEC approves PCAOB rule change on deregistering firms

Accounting Today

The PCAOB will be able to address situations in which a registered firm has ceased to exist, is nonoperational, or no longer wishes to remain registered.

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Average Audit Fees Rose 6.4% in 2023, Report Finds

CPA Practice

Average audit fees increased by 6.4% in 2023from $2.83 million in 2022 to $3.01 million the following yearaccording to the 15th Annual Audit Fee Survey and Insights Report from the Financial Education & Research Foundation.

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The 2024 Top 100 People: Building a legacy

Accounting Today

Accounting's top influencers share what they want to be remembered for.

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Thomson Reuters Acquires SafeSend in $600 Million Deal

CPA Practice

"Becoming a part of Thomson Reuters will enable us to accelerate product development efforts and realize our shared vision of an end-to-end tax workflow solution," said Steve Dusablon, who founded SafeSend with Andrew Hatfield in 2008.

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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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Tax Fraud Blotter: Job woes

Accounting Today

Heavy metal; with a side of alimony; Landing in jail; and other highlights of recent tax cases.

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How to NetSuite - Supply Chain Planning

Insightful Accountant

Murph summarizes the advantages of sound supply chain planning and procurement management if your business involves production/manufacturing or wholesale/retail sales. He overviews these capabilities within Oracle NetSuite.

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DOJ takes BOI fight to Supreme Court

Accounting Today

The Justice Department filed an emergency request with the U.S. Supreme Court, asking it to lift the injunction on the beneficial ownership information reporting requirement under the Corporate Transparency Act after a federal appeals court reversed itself on the injunction last week.

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Accountant and His Wife Finish 50 Marathons in 50 States in Their 50s

CPA Practice

Accountant Kelly Hayley and his wife, Shannah, of Plano, TX, lead a run club and started working toward their 50-state goal around five years ago. They finished their accomplishment in Baltimore on Oct. 19, 2024.

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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 Year in Review

Summit CPA

Jody, Brett, Tom, Hannah, and Jamie share favorite moments from the show, podcasting resolutions and holiday gift wishes.

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Thomson Reuters acquires SafeSend

Accounting Today

Thomson Reuters acquired cPaperless, doing business as SafeSend, for $600 million in cash to expand its tax and accounting offerings.

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Tech Stack Series: Discovery and Onboarding, Re-engagement and Dis-engagement Tech

Insightful Accountant

In this Tech Stack series with Kellie Parks CPB, we will cover the essential technology for building a harmonious onboarding experience that sets the stage for respectful, professional client relationships with your firm.

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Yeo & Yeo buys Amy Cell Talent

Accounting Today

The Regional Leader firm has acquired a human resources service provider in Michigan and rebranded it as Yeo & Yeo HR Advisory 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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The Future of Accounting: Zoho Practice

Insightful Accountant

Accounting firms face numerous challenges, from inefficiency to miscommunication and time-consuming manual tasks. Zoho Practice is a comprehensive platform designed to streamline your operations.

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2024 Top 100 People extra: Careers to remember

Accounting Today

As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What would you like your professional legacy to be?

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Allowing Management to Override Internal Controls

FraudFiles

Its clear that there is a time and place for management to occasionally override a control. Everything in business is not routine, and there are times when special situations require special treatment. It would be silly to prohibit management from ever overriding the policies and procedures that are in place. There has to be guidance [.

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How the accounting profession can fend off a talent crisis

Accounting Today

A generation of CPAs is at or near retirement age, and the number of new accounting professionals entering the field won't be enough to keep up with future needs.

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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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AICPA Requests Guidance Related to Partial Exclusion for Gain from Certain Small Business Stock

CPA Practice

Section 1202 was enacted as part of the Omnibus Budget Reconciliation Act of 1993 as an incentive for taxpayers to start and/or invest in certain small businesses.

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Deloitte Confirms That the New Orleans Terror Attack Suspect Was an Employee of the Firm

Going Concern

Well this might be the worst “accountants behaving badly” item we’ve ever written about in the 16 years this website has existed. And believe you me, there have been some bad accountants over all those years. At a little past 3 am on New Year’s Day, a truck barreled into the crowds cruising Bourbon St. in New Orleans and killed 14 people and injured at least 35; the driver died in a shootout with police.

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Review of Apxium – The Accounting Technology Lab Podcast – Jan. 2025

CPA Practice

Brian Tankersley, CPA, and Randy Johnston review Apxium, a system that automates the accounts receivable process and compliance work for accounting firms.

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Future sales tax trends

TaxConnex

Every new year brings a ton of developments in all varieties of tax. Sales tax driven by burgeoning eCommerce, dynamic kinds of nexus and a steam of new tech and products that jurisdictions see as lush sources of revenue again has more than its share of trends on tap for 2025. Heres a look at a few. More tax in more states. New sales taxes scored some wins but hardly ran the table on last election day: Voters in plenty of communities said no to new or increased sales taxes in 2025.

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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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Mastering Action Items for Successful Project Management

Withum

To achieve a successful project delivery, your project team can use various tools and methodologies. Action items, for instance, play a significant role in defining tasks, ensuring accountability and driving progress toward the projects objectives. Whether implementing a new Enterprise Resource Planning (ERP) system or embarking on a high-rise construction project, mastering action item management is essential for achieving favorable outcomes.

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Leveraging Financial Analytics: Turning Data into Actionable Business Strategies

AccountingDepartment

In today's fast-paced business environment, numbers alone won't cut it. It's about transforming those numbers into meaningful insights that can guide strategic decisions and drive growth. Financial analytics offers medium-sized businesses a powerful tool to convert raw data into actionable strategies, giving them a competitive edge. Let's explore how leveraging financial analytics can revolutionize business operations , improve decision-making, and enhance overall efficiency.

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Begin the New Year With Your Holiday Smile

Withum

During the extended Christmas holiday season, which also included Hanukkah and Kwanzaa, I noticed that most people freely wish a Happy Holiday to almost everyone they interact with. It is truly a season of good cheer with continual smiles and cheerfulness. Yet, when the new year starts it is along with a drop in temperature and the smiles usually disappear and we revert back to gloominess and grouchiness.

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Navigating tax complexity in a digital age: A cheat sheet for Chief Transformation Officers

ThomsonReuters

Blog home As Chief Transformation Officer (CTO), you are tasked with steering your organization through digital transformation. A critical piece of this is modernizing your enterprises tax operations. To understand the challenges faced by your tax department and how it can contribute to the overall success of your transformation project, we will examine evolving global tax systems.

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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.