TaxConnex
JANUARY 30, 2025
AI and automation are all the rage, but does it have a place in your sales tax compliance process? If so, where? For many businesses, software and automation can serve an important purpose in the compliance process. Businesses need a way to calculate the correct sales tax to charge in states where they have a sales tax obligation, and for this, automation can be a great solution.
Withum
JANUARY 30, 2025
Preparing for an audit is a critical step for businesses navigating regulatory compliance, pursuing mergers and acquisitions or completing significant business transactions. Understanding the financial statement audit process and planning ahead can save time, reduce stress and ensure accurate results. In this guide, well walk through the key financial audit preparation steps, explain key differences between AICPA and PCAOB audits and provide actionable tips to streamline the external audit proce
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ThomsonReuters
JANUARY 30, 2025
Blog home The New York Fashion Workers Act , set to take effect on June 19, 2025 , introduces significant changes to the fashion industry, particularly for Model Management Companies (MMCs) and their clients. This legislation aims to enhance protections for models and ensure greater transparency and fairness in their working conditions. Miguel Lopez, a shareholder at Littler Mendelson and an expert in employment law, shared his insights on the Act with Thomson Reuters’ Checkpoint Payroll
Withum
JANUARY 30, 2025
The federal funding freeze frenzy that just took place over the last 48 hours was eye-opening for many of us. The not-for-profit industry as a whole and many government-funded organizations went on a two-day roller coaster that started with “you will not be funded– all payments are frozen” to “OMB order rescinded.” This short-term chaos has pointed out the fragility of the industry, where the dependence on government funding, and the chaos that ensues when cash flow
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
Dent Moses
JANUARY 30, 2025
Employee embezzlement, the act of an employee misappropriating company funds or assets for personal gain, is a pervasive risk that businesses cannot afford to ignore. While organizations often implement internal controls and monitoring mechanisms to mitigate this risk, no system is foolproof. Fidelity coverage, a specialized type of insurance that protects businesses against losses caused by employee dishonesty, is often ignored or has inadequate coverage.
Going Concern
JANUARY 30, 2025
Yesterday NASBA released scores for Core CPA exam sections taken from October 1 – December 26, 2024, the last group of scores for sections taken last year. Let’s check out the numbers: On January 29, NASBA received and processed the following scores from the AICPA: pic.twitter.com/6kbvbwtP62 — NASBA (@NASBA) January 29, 2025 CPA exam scores processed for October 1 – December 26, 2024: AUD: 8,766 FAR: 11,461 REG: 7,694 Total Core exam sections taken: 27,921 There were four
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
SchoolofBookkeeping
JANUARY 30, 2025
Intuit claims to have been tuning into their customers' woes, particularly those grappling with the cumbersome task of managing accounts payable. Users have long been exasperated with the tedious manual entry of bills, a process that demands painstakingly typing each one into the system. Yes, QuickBooks did offer a receipt capture feature, but let's be honest—it was missing key functionalities and often failed to populate the necessary fields accurately.
Accounting Today
JANUARY 30, 2025
Senate Finance Committee chairman Mike Crapo. R-Idaho, and ranking member Ron Wyden, D-Oregon, issued a discussion draft of bipartisan legislation.
Going Concern
JANUARY 30, 2025
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.
Accounting Today
JANUARY 30, 2025
FASB regulations requiring companies to record digital assets at fair value go into effect this year, but earlier adoption is permitted.
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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
CPA Practice
JANUARY 30, 2025
A discussion draft, released Thursday by Sens. Mike Crapo (R-ID) and Ron Wyden (D-OR), that proposes several ways to fix IRS procedures and administration has strong support from National Taxpayer Advocate Erin Collins and the AICPA.
Accounting Today
JANUARY 30, 2025
The Internal Revenue Service made progress on its customer service and systems last year, but it's still facing challenges with processing tax returns on time.
AccountingDepartment
JANUARY 30, 2025
Effective accounting data management isn't just about tidy spreadsheets and balancing your books. It's about safeguarding your business's financial health while ensuring seamless operations.
Accounting Today
JANUARY 30, 2025
Table disservice; down on the farm; a barebones job; and other highlights of recent tax cases.
Advertiser: Paycor
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Canopy Accounting
JANUARY 30, 2025
Onboarding your new accounting client is more than just a processits your chance to make a strong first impression and lay the groundwork for a lasting partnership. By using this new accounting client checklist, you can set your client at ease, build trust from day one, and show them theyve made the right choice in partnering with you.
Accounting Today
JANUARY 30, 2025
TIGTA report suggests the IRS needs to do more to enable whistleblowers to report on fraud, waste and abuse, even if they've signed nondisclosure agreements.
Insightful Accountant
JANUARY 30, 2025
Vertex has released their 2024 Year-End Sales Tax Rates and Rules report, highlighting significant shifts in local tax structures and the growing complexity of tax compliance across the United States.
Accounting Today
JANUARY 30, 2025
Cloud ERP solutions provider Acumatica announced several updates and enhancements for 2025 that align with the company's new AI-first product strategy.
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.
Insightful Accountant
JANUARY 30, 2025
Ignition has names their Global President Greg Strickland as their new CEO, and Amy Food as their new CFO.
Accounting Today
JANUARY 30, 2025
Future accountants should be as proficient in performing variance analyses and using data visualization software as they are with general ledgers.
Insightful Accountant
JANUARY 30, 2025
Contributing author Katie Thomas gives you five strategies you can use to ensure steady revenue all year long.
CPA Practice
JANUARY 30, 2025
South Carolina Treasurer Curtis Loftisvowed to complete his term despite two other state financial officers involved in the yearslong state accounting issues having left their jobs.
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.
Insightful Accountant
JANUARY 30, 2025
In many industries, businesses must navigate complex regulatory landscapes to avoid costly penalties and ensure their operations are running smoothly. High-regulation industries are subject to strict compliance standards.
CPA Practice
JANUARY 30, 2025
The audit firms risk assessment process is the basis for a risk-based approach to the design, implementation, and operation of the firms quality control system, the PCAOB said.
Ryan Lazanis
JANUARY 30, 2025
Want to pull in new tax clients for your firm? Do these 13 actionable strategies that I've tried and tested over the years. The post How to Get Tax Clients: 13 Practical Tips appeared first on Future Firm.
CPA Practice
JANUARY 30, 2025
Baker Tilly International said Jan. 30 that its global network of accounting firms hauled in a record $5.62 billion in revenue for the year ending Dec. 31, 2024, a 9% increase from 2023 or 9.5% at constant exchange rates.
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.
Accounting Today
JANUARY 30, 2025
A draft report from auditing firm Deloitte raised questions about more than 80 million of financial transactions by Pro-Gest and its owners, members of the Zago family, involving payments for a yacht and cash used to fund a prosecco winery.
Insightful Accountant
JANUARY 30, 2025
Groundhog day anyone? While the Supreme Court recently granted a stay against one injunction, a separate nationwide pause remains in effect, creating a nuanced compliance environment that demands careful navigation.
Accounting Today
JANUARY 30, 2025
AP-focused financial automation platform Stampli announced the release of an AI-driven procure-to-pay solution that works through dynamic conversations with the system itself.
CPA Practice
JANUARY 30, 2025
The New York City-based top 60 firm has expanded its presence in Massachusetts by combining with Anstiss, a CPA firm located in Chelmsford.
Advertiser: Paycor
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