CTP

JANUARY 24, 2025

Medical expenses can become a financial burden the further along you get in years. AARP estimates that if you are in your fifties today, you can expect to spend around $500,000 in qualified medical expenses out-of-pocket once you retire. Taxpayers have three choices when planning for the future: Set aside cash for a rainy day. As you earn each paycheck, you set money aside for future medical expenses.

Tax 52

Tax income tax tax planning Account 52

CPA Practice

JANUARY 24, 2025

For now, business information ownership reporting requirements under the Corporate Transparency Act remain voluntary despite the U.S. Supreme Court on Thursday overturning an order from a Texas federal appeals court in December that had halted mandated BOI report filing with FinCEN.

Texas 124

Texas 124

Accounting Today

JANUARY 24, 2025

Plus, FloQuast achieves ISO 42001 certification on AI systems; and other accounting tech news and updates.

Technology 121

Technology Account accountant accounted 121

Ronika Khanna CPA,CA

JANUARY 24, 2025

Starting a small business is a fairly simple process. If you are using your own given name, all you really need is a product or service that people want to buy. Maintaining a business that is successful and meets your long term goals can be a little more challenging. Current technology including artificial intelligence, data analytics and cloud computing has resulted in a multitude of tools and apps to help you succeed which some time can be a bit overwhelming.

Non-Profits 52

Non-Profits accounting software accounting and finance Sales 52

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

Accounting Today

JANUARY 24, 2025

KPMG appoints new global head of audit; Weaver launches health care advisory practice; and more news from across the profession.

CPA 115

CPA audit 115

CPA Practice

JANUARY 24, 2025

Continuing claims, a proxy for people who are already receiving benefits and still cant find a job, jumped to 1.9 million in the week endedJan. 11, the highest since November 2021.

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52

CPA Practice

JANUARY 24, 2025

State Auditor George Kennedy III, who has been caught in the middle of the states accounting issues, including over whether a mysterious $1.8 billion existed, resigned from his job Thursday.

South Carolina 40

South Carolina auditor Account accountant 40

Accounting Today

JANUARY 24, 2025

Tax prep giant H&R Block celebrated its 70th anniversary at an event Thursday in New York as it gets ready for the start of tax season on Monday.

Tax 64

Tax New York 64

Randal DeHart

JANUARY 24, 2025

Did you know that 39% of projects fail due to budget issues? For small businesses and entrepreneurs, the stakes couldnt be higher. Managing a project budget is not just about numbers; its about ensuring your business is profitable. By understanding the essential steps of project budgeting, you can turn potential pitfalls into opportunities for success.

Construction 110

Construction bookkeeping 110

Accounting Today

JANUARY 24, 2025

Four years after handling the first conversion of a hedge fund to an ETF, Wes Gray is gearing up to lead a surge of tax-busting deals aimed at investors.

Tax 52

Tax tax planning 52

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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

Account

Withum

JANUARY 24, 2025

The Corporate Sustainability Reporting Directive (CSRD), at its core, is a sustainability reporting framework created by Europe to track and measure companies’ environmental and social impact. While it’s a regulatory requirement, it’s essentially another form of sustainability reporting within a structured framework. The Power of Transparency The CSRD’s primary enforcement mechanism isn’t through fines or penalties it relies on transparency and public accountabilit

cpas 105

cpas public accounting CPA Government 105

Accounting Today

JANUARY 24, 2025

German prosecutors are preparing to bring the first criminal charges against staff who worked at Macquarie Group Ltd. over the Cum-Ex tax scandal.

Tax 40

Tax 40

Withum

JANUARY 24, 2025

In a dramatic and dizzying turn of events, the Supreme Court on January 23, 2025 reinstated the governments power to enforce the Corporate Transparency Act (CTA), overturning a previous block by the Fifth Circuit Court of Appeals. You might think this would allow the federal government to enforce the law while courts consider the matter further, but that is not the case.

Texas 82

Texas Legal Government tax services 82

Basis 365

JANUARY 24, 2025

For small businesses, managing costs effectively can mean the difference between thriving and struggling. Whether your business is facing profitability issues or difficulties in collecting accounts receivable , adopting a strategic approach to cost management is essential for long-term success. Below are actionable steps and proven strategies to help your business regain control of its financial health.

Non-Profits 59

Non-Profits Spend Management Software Spend Management Spend Management Platform 59

Advertiser: Paycor

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.

Going Concern

JANUARY 24, 2025

Another one bites the dust. In October, PE Hub reported that CohnReznick (IPA Top 100 #16 with $1,052,365,413 in revenue) was in talks to sniff out possible private equity opportunities in the next few months. They didn’t have a ton of information beyond that at that time. We’d all but forgotten about it until Wall Street Journal said in an exclusive today that CohnReznick is “in advanced talks” with Apax Partners to sell off a stake in the firm. “It would be the la

accounting firms 59

accounting firms Account accountant accounted 59

Ronika Khanna CPA,CA

JANUARY 24, 2025

If you are thinking about upgrading from your current accounting system or spreadsheet or starting your new business venture with accounting software, QuickBooks Online is a good way to go. It is perhaps the most well known accounting software and, having used both the desktop and online versions for many years, it can be a great tool for anyone who wants to track their self employed/small business finances.

quickbooks 52

quickbooks accounting software accounting and finance accounts payable 52

CTP

JANUARY 24, 2025

Many taxpayers plan for retirement expenses is simply to set aside money in their savings accountif they are doing anything at all. This leaves many retirees unprepared for major costs, such as medical expenses. AARP estimates that taxpayers who are currently in their fifties will spend an average of $500,000 out-of-pocket on qualified medical expenses during retirement.

Tax 52

Tax Maine Account accountant 52

Going Concern

JANUARY 24, 2025

Reminder to take our 2025 Predictions for the Accounting Profession survey , its quick we promise. Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday.

audit 52

audit Minnesota Montana accounting and finance 52

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.

Account

Accounting Today

JANUARY 24, 2025

Following the Republican victory in the 2024 election, tax reform and political changes are at the forefront of every accountant's agenda.

tax planning 118

tax planning Tax Account accountant 118

Going Concern

JANUARY 24, 2025

In July 2023, a nonprofit group called America First Legal — founded by Trump senior advisor Stephen Miller in 2021 — sent a cease and desist to PwC “demanding they stop using racial preferences in hiring and internship programs ” after a long-awaited Supreme Court decision effectively ended affirmative action. This is what they said in a press release at the time: Today, America First Legals (AFL) Center for Legal Equality sent a cease and desist letter to the accounting

North Carolina 64

North Carolina cpas Government Legal 64

Accounting Today

JANUARY 24, 2025

Trump described the European Union's cases against the American tech companies as "a form of taxation," in comments at the World Economic Forum in Davos.

Tax 98

Tax 98