Accounting Today

FEBRUARY 13, 2025

As the new year's tax season begins, a look back at lessons from the 2024 filing season.

Tax 141

Tax 141

BurklandAssociates

FEBRUARY 11, 2025

Avoid payroll pitfallslearn the essential taxes every startup must pay and how to stay compliant with IRS and state regulations. The post Payroll Taxes for Startups: What Do I Have to Pay? appeared first on Burkland.

payroll tax 147

payroll tax payroll Tax 147

CPA Practice

FEBRUARY 5, 2025

New data from theNational Student Clearinghouse Research Centershows a12% increase in fall 2024 accounting enrollment compared to fall 2023. The increase amounted to an additional 28,672 students.

Account 120

Account accountant accounted Education 120

CPA Practice

FEBRUARY 3, 2025

Through my experience speaking with accounting students and reflecting on my own journey, Ive identified five key areas where we can bridge the gap between education and practice.

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Account accountant accounted Technology 124

Speaker: Gerald Ratigan

The accounts payable (AP) function is evolving and AI is leading the charge. As finance teams face rising invoice volumes and expectations for speed and accuracy, AI-powered automation has shifted from a futuristic concept to the most practical solution. But for finance leaders, success isn’t just about selecting the right tools, it’s about implementing the right strategy.

Account

AccountingDepartment

FEBRUARY 19, 2025

Accounting disruptions can strike without warning. Whether its a provider suddenly shutting down, platform glitches, or other unforeseen issues, these disruptions can leave your business scrambling. With cases like the sudden closure of Bench, which left businesses without their books, its more apparent than ever that entrepreneurs and business owners need a plan to safeguard their financial processes.

Account 67

Account accountant accounted accounting system 67

Ryan Lazanis

FEBRUARY 20, 2025

Save time and effort with accounts receivable automation - the powerful solution to automate a manual accounting process. Learn more here! The post Accounts Receivable Automation: The Complete Guide appeared first on Future Firm.

Technology 98

Technology Account accountant accounted 98

ThomsonReuters

FEBRUARY 4, 2025

Jump to Key areas where AI enhances tax services in large firms Barriers to AI adoption in large firms and overcoming them Embrace AI in your large firm for a competitive edge The tax and accounting industry is on the brink of a significant transformation, driven by the integration of artificial intelligence (AI) and generative AI (GenAI). The 2024 Tax Firm Technology Report highlights that 93% of large tax and accounting firms are either actively using, exploring, or considering AI technologie

accounting firms 98

accounting firms Tax Account accountant 98

Patriot Software

FEBRUARY 27, 2025

One of your first choices as a business owner is your accounting method. Before making a decision, take some time to compare the cash-basis vs. accrual basis methods of accounting. Having to switch from cash-basis to accrual-basis after the fact can be difficult.

Account 52

Account accountant accounted accounting system 52

GrowthForceBlog

FEBRUARY 21, 2025

8 min read February 21st, 2024 For many small and medium-sized enterprises (SMEs), the end of the fiscal year coincides with the end of the calendar year. This means it is time for financial leaders to begin closing the financial books. Key Takeaways Reconcile Transactions and Accounts: This step in the process can be tedious because you have to look through minute details while paying exceptional attention to detail.

accountant 102

accountant accounted Account accounting software 102

RogerRossmeisl

FEBRUARY 16, 2025

When deciding on the best structure for your business, one option to consider is a Ccorporation. This entity offers several advantages and disadvantages that may significantly affect your business operations and financial health. Heres a detailed look at the pros and cons of operating as a C corporation. Tax implications A C corporation allows the business to be treated and taxed separately from you as the principal owner.

Non-Profits 257

Non-Profits corporation tax CPA Tax 257

Speaker: Sean Yoder

Nonprofits are under more pressure than ever to demonstrate financial accountability while continuing to expand their impact. Traditional budgeting models often fall short, reinforcing silos, limiting flexibility, and stalling growth. Enter collaborative budgeting: a dynamic, team-driven process that enables smarter resource allocation and builds financial resilience at scale.

accounting and finance

TaxConnex

FEBRUARY 13, 2025

Online businesses looking to do business on Native American tribal lands in the U.S. should know that sales tax obligations for these sovereign nations and territories resemble those obligations in other areas of the U.S. but can differ in important ways. Areas such as the Navajo Nation have tribal sovereignty; for tax purposes, this means their sales tax laws are separate from the states within which they reside.

Sales 213

Sales Tax Wisconsin Oklahoma 213

CPA Practice

FEBRUARY 19, 2025

The beneficial ownership reporting roller coaster that has been ongoing for the past two months because of various lawsuits is finally pulling into the station after a federal district court in Texas on Feb. 17 lifted the final nationwide injunctionthat had put the mandatory small business filings on hold since last December.

Texas 132

Texas Account accountant accounted 132

Acterys

FEBRUARY 11, 2025

When it comes to managing and analyzing your data, staying agile and collaborative is essential. One key enabler for this agility is the ability to write back directly to your data models from within Power BI. Acterys takes this functionality to the next level by allowing users to seamlessly input, update, and manage data in real-time all while working directly in their Power BI dashboards.

Approval Workflows 130

Approval Workflows audit Government B2B 130

MyIRSRelief

FEBRUARY 21, 2025

Running a business in Los Angeles comes with its fair share of challenges, and one of the most daunting can be navigating the complexities of Californias Employment Development Department (EDD) payroll tax requirements. For business taxpayers facing EDD employment payroll tax controversies, the stakes are high. Unpaid back taxes, EDD audits, penalties, and unresolved tax issues can lead to financial strain, legal complications, and even the risk of business closure.

payroll tax 130

payroll tax payroll Tax audit 130

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

Xero

FEBRUARY 10, 2025

We’re kicking off the new year with some exciting Xero updates designed to address some of the enhancements youve been asking for, and make things more automated to save you time. Keep reading to learn how these enhancements will benefit you and your business. Global: Enhancements to new invoicing [Product Idea ] You’ll love the time-saving enhancements we have made to new invoicing this month.

Tax 96

Tax Sales Government accountant 96

RogerRossmeisl

FEBRUARY 16, 2025

When considering the advantages of U.S. Treasury savings bonds, you may appreciate their relative safety, simplicity and government backing. However, like all interest-bearing investments, savings bonds come with tax implications that are important to understand. Deferred interest Series EE Bonds dated May 2005 and after earn a fixed rate of interest.

Tax 245

Tax CPA Government 245

Withum

FEBRUARY 3, 2025

Withum is excited to announce that Jonathan Schnatz , CPA, CFF, most recently a Senior Special Agent of the Internal Revenue Service (IRS) Criminal Investigation (CI) Division, has joined the firm as a Principal of Withums Forensics, Investigations, and White-Collar Criminal Defense Team. During his 25 years as a federal agent, Jonathan received multiple awards from the U.S.

CPA 105

CPA Tax Government 105

Going Concern

FEBRUARY 13, 2025

Although we haven’t fully decided whether accountants are knowledge workers or manual laborers so long as accountants’ output is predominantly measured in billable hours, this recent paper as reported in 404 Media seems relevant to the sector nonetheless. Emanuel Maiberg writes : A new paper from researchers at Microsoft and Carnegie Mellon University finds that as humans increasingly rely on generative AI in their work, they use less critical thinking, which can result in the deteri

Education 104

Education Technology public accounting Maine 104

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Account

Acterys

FEBRUARY 19, 2025

At Acterys, we believe in fair competition, and we welcome comparisons that allow potential clients to make informed decisions. However, when competitors resort to spreading misinformation and misleading claims, its essential to address these inaccuracies head-on. Recently, we’ve encountered false narratives about our solution from some competitors.

Technology 100

Technology Government audit quickbooks 100

Randal DeHart

FEBRUARY 21, 2025

If you've been a long-time reader or a contracting company owner, you've probably heard about " Cost of Goods Sold " (COGS). But what does it really mean, and why is it crucial for your construction business's success? Understanding COGS isn't just about accountingit's about making smart decisions for profitability, pricing, and more. 1. What is the Cost of Goods Sold (COGS)?

Construction 98

Construction Manufacturing Sales quickbooks 98

Xero

FEBRUARY 12, 2025

“When my debtor workflow is turned off, people stop paying me almost immediately.” This stark observation from Haley Reyners, founder of My Two Cents Accounting Services , highlights a common challenge facing small businesses. For her accounting and advisory firm, which is based in Northland, New Zealand, having over $60,000 tied up in outstanding invoices wasn’t just a number it was a threat to business sustainability. “I’m the same as any other small business own

bookkeeping 96

bookkeeping accountant accounted Account 96

RogerRossmeisl

FEBRUARY 23, 2025

According to the U.S. Bureau of Labor Statistics, the unemployment rate continues to be historically low, ranging from 4.0% to 4.3% from May to November of 2024. With todays hiring challenges, business owners should be aware that the Work Opportunity Tax Credit (WOTC) is available to employers that hire workers from targeted groups who face significant barriers to employment.

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Tax CPA cpa firm business tax 213

Advertiser: Paycor

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Withum

FEBRUARY 3, 2025

Withum is proud to share that the South Florida Business Journal has honored Russell Goldberg, Partner in Charge of Withums Boca Raton Office , as a 2025 Power Leader in the Professional Services category. The 2025 Power Leaders list celebrates 250 leading executives across the tri-county regions major sectors who have helped grow the regions diverse business market and advance the local economy.

Florida 104

Florida accounting degree Tax accountant 104

Going Concern

FEBRUARY 17, 2025

Announced February 13 , the AICPA and NASBA are giving up the quixotic fight to maintain 150 hours of education as the sole standard across CPA jurisdictions and are now “advancing model legislative language that enables an additional path to CPA licensure.” As has already been made law in Ohio recently , the alternate pathway option doesn’t eliminate 150 hours entirely, rather gives aspiring CPAs another option.

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cpas CPA Minnesota Education 86

CPA Practice

FEBRUARY 15, 2025

The CPA Practice Advisor Weekly Tax News Roundup is a weekly recap of tax-related news from the past week. From IRS news and tax court cases, to state, SALT, legislation and other related areas, the roundup can help you catch-up on recent changes. Let us know if you like this new feature using the.

CPA 110

CPA Tax income tax tax accountant 110

ThomsonReuters

FEBRUARY 28, 2025

As discussed in my previous post, tax reform is a complex jigsaw puzzle where various groups compete to be heard. As these voices cross paths, the legislative process becomes more convoluted. Nowhere is this seen more than in the constant tug of war between Congress and special interest groups. The influence of special interest groups on tax reform As you can imagine, special interest groups play a significant role in shaping tax reform.

Tax 91

Tax Manufacturing Real Estate corporation tax 91

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

Xero

FEBRUARY 3, 2025

I remember watching Back to the Future as a kid and looking forward to the future it predicted. Flying cars! Hoverboards! But here we are, 10 years after the movies timeline, and I still need roads wherever Im going. It turns out that predicting the future is hard. Really hard. Particularly when trying to do so on an accurate timeline. But that doesnt mean we cant spot signals and patterns emerging today that hint at whats to come.

Technology 80

Technology Retail Sales Tax 80

RogerRossmeisl

FEBRUARY 23, 2025

Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a 401(k) or Roth 401(k), contributing as much as possible to the plan in 2025 is a smart way to build a considerable nest egg. If youre not already contributing the maximum allowed, consider increasing your contribution in 2025.

CPA 200

CPA Tax accountant accounted 200

Withum

FEBRUARY 14, 2025

Withum is proud to share that Ryan Kelly , CPA has been recognized by the Florida Institute of CPAs with a prestigious Horizon award. Ryan, an audit manager in our Orlando office , serves privately owned and publicly traded clients in the Professional Services , Manufacturing, Distribution and Logistics industries. A University of Scranton graduate, Ryan is an active member of the AICPA, FICPA and PICPA.

cpas 111

cpas Florida CPA Manufacturing 111

Going Concern

FEBRUARY 6, 2025

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.

audit 90

audit auditor cpa firm CPA 90

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