AccountingDepartment

DECEMBER 26, 2024

For many medium-sized businesses, the decision to maintain an in-house accounting team seems like a straightforward choice. After all, having an on-site dedicated team can seem beneficial for managing financial operations closely. However, beneath the surface lies a myriad of hidden costs that can significantly impact your bottom line. This blog post explores these hidden costs and examines whether outsourcing accounting functions might be a smarter, more efficient alternative.

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Account accountant accounted bookkeeping services 105

Basis 365

DECEMBER 26, 2024

In the world of accounting and financial analysis, the traditional approach to expenses usually revolves around grouping them according to categories like cost of goods sold (COGS), operating expenses (OpEx), selling, general and administrative expenses (SG&A). While this structure is unquestionably valuable for standard financial reporting, it can often obscure a critical piece of information for those who are trying to project future performance or control their margins: whether each expen

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Sales Technology Manufacturing financial statements 59

CPA Practice

DECEMBER 26, 2024

As the end of the year approaches, nows the time to start preparing for filing your 2024 tax return in 2025. Here are tips and strategies to prepare now for the 2025 tax-filing deadline.

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Tax tax return 119

Accounting Today

DECEMBER 26, 2024

Private collection agencies have recovered only about $2.4 billion in tax debt payments since April 2017 out of the $64.9 billion assigned to them by the IRS.

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Tax 84

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

Tax

CPA Practice

DECEMBER 26, 2024

With a thorough understanding of their unique circumstances and the latest tax regulations, you can transform complex tax challenges into clear, actionable solutionssetting the stage for your clients financial success in 2025 and beyond.

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tax planning Tax 116

Accounting Today

DECEMBER 26, 2024

Experts share a handful of new and emerging threats that CPA firms should keep an eye out for.

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cpa firm Account accounted accountant 72

Going Concern

DECEMBER 26, 2024

Stop normalizing overwork. Related: Your Suffering Is Not Noble So Let That Sh*t Go Merry Christmas, everyone. Log off. The post Dunno Who Needs to Read This Today, It’s Probably You appeared first on Going Concern.

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CPA Practice

DECEMBER 26, 2024

Brian Tankersley, CPA, and Randy Johnston discuss the technologies and processes they see having the greatest impact on the accounting profession in the coming year.

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Technology Account accountant accounted 92

Accounting Today

DECEMBER 26, 2024

The Internal Revenue Service's program for destroying sensitive paper documents needs to be improved after inspectors found many documents easily accessible.

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Tax 64

CPA Practice

DECEMBER 26, 2024

Existing-home sales grew in November, according to the National Association of Realtors. Sales advanced in three major U.S. regions and remained steady in the West. Year-over-year, sales climbed in all four regions.

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Sales 89

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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

Accounting Today

DECEMBER 26, 2024

Here's the right way to help them lean into risk.

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CPA Practice

DECEMBER 26, 2024

In a Dec. 19 comment letter to the SEC, the AICPA says the new requirements adopted by the PCAOB last month would particularly burden small and midsized firms, as well as unintentionally hurt capital markets and the investing public.

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audit 85

Accounting Today

DECEMBER 26, 2024

Opinions vary on whether the profession is declining or thriving or both. This is your chance to weigh in.

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Account accountant accounted 56

Insightful Accountant

DECEMBER 26, 2024

In this edition of App Aware we look at the Clear Path to Cash App that empowers Advisors to find hidden cash and maximize Business value.

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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.

Accounting Today

DECEMBER 26, 2024

The market for professional malpractice liability insurance is evolving even as the profession evolves.

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Ryan Lazanis

DECEMBER 26, 2024

What trait sets successful firm owners apart? In this episode, I share the key quality for achieving your ideal work-life balance. The post The Hardest Firm Owner Trait to Master appeared first on Future Firm.

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Account accounted accountant 52

Accounting Today

DECEMBER 26, 2024

Accounting's influencers predict the biggest changes over the next 10 years.

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accountant Account accounted management accounting 52

FraudFiles

DECEMBER 26, 2024

A little tongue-in-cheek take on committing fraud at work. No, I dont really want you to commit fraud against your employer. Im just trying to illustrate some of the red flags of fraud. If a fraud is worth committing, its worth committing right. A little extra effort in the commission of a fraud can go [.

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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

DECEMBER 26, 2024

A new IRS revenue procedure is applicable for some research or experimental expenses.

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Account accounted accountant Tax 52

Insightful Accountant

DECEMBER 26, 2024

In a significant development affecting fiscal policy and tax planning, Congress has passed a temporary government funding measure through March 14, 2025, with President Biden signing it into law.

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Government Tax tax planning 52

Accounting Today

DECEMBER 26, 2024

The ride-hailing company said its hometown calculated its taxes from 2019 to 2023 based on the total amount of money that passengers paid drivers for rides.

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Tax corporation tax 52

Dent Moses

DECEMBER 26, 2024

The Fifth Circuit Court of Appeals reinstated the December 31, 2025 filing deadline on December 23, then later in the day, FINCEN announced a delay until January 13, 2025. Additional Details: For Companies Created or Registered Prior to January 1, 2024 : These companies now have until January 13, 2025 , to file their initial BOI reports with FinCEN (extended from the original January 1, 2025, deadline).

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Construction Account accounted accountant 52

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.

Finance

Accounting Today

DECEMBER 26, 2024

Companies that work with auditors who have more industry experience but charge more than competitors offering "lowball" fees tend to save more money in the end.

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audit auditor Account accounted 45

Accounting Today

DECEMBER 26, 2024

Prime numbers; Power play; Great White sharks; and other highlights of recent tax cases.

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Tax tax preparation 40

Accounting Today

DECEMBER 26, 2024

As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What do you think will be the biggest change in accounting in the next 10 years?

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accountant Account accounted 40