BurklandAssociates
JANUARY 14, 2025
AI aids tasks like bookkeeping and tax prep but can't replace expert accountants for oversight, data review, and decision-making. The post Areas to Address in Using AI in Accounting appeared first on Burkland.
CPA Practice
JANUARY 13, 2025
The IRS says the defendants in these cases committed millions of dollars in fraudulent activity, duped investors into believing they were going to strike it rich and tried to funnel money to terrorist organizations.
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Accounting Today
JANUARY 15, 2025
Whether you should hang out your shingle as an accountant depends on the answers to a number of questions.
TaxConnex
JANUARY 16, 2025
Finding qualified tax professionals is tough across all industries for a number of reasons. Whats working for and against your company as you work to find the folks to help with your sales tax compliance? First, realize that youre not alone. Even though overall employment is expected to hover around its current 4.2% for most of this year, unemployment among accountants has historically been less than half of that.
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You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes? It’s time for an upgrade. SkyStem's Guide to Month-End Close Software walks you through what today’s best tools can do (and what your team shouldn’t have to deal with anymore). Get smart, fast, and a whole lot less stressed when it’s time to close the books.
AccountingDepartment
JANUARY 16, 2025
In today's ever-changing business environment, having a solid financial strategy is crucial for achieving success. But what if your small or medium-sized business (SMB) can't afford to hire a full-time financial executive? That's where CFO support services come ina revolutionary solution for SMBs and startups. This blog explores what a CFO support service provider is, the significant value they offer, and why your business might benefit from their expertise.
CPA Practice
JANUARY 14, 2025
While Excel's versatility has made it a staple for decades, it's limitationssuch as version control issues, manual data entry errors, and collaboration bottlenecks are becoming increasingly problematic," accounting automation platform Trullion says in a new report.
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Withum
JANUARY 17, 2025
The constant waves of hype about artificial intelligence have left many business leaders asking themselves an increasingly urgent question: “Have we missed our chance?” With headlines trumpeting AI successes and competitors announcing ambitious AI initiatives, it’s easy to feel like you’re falling behind. But before you rush to implement AI solutions out of FOMO (fear of missing out), let’s examine why “too late” is a relative concept and why thoughtful
Patriot Software
JANUARY 17, 2025
Millions of businesses use at least one small business software platform to do everything from running payroll to managing customer relationships. Software can simplify processes, save time, and ensure accuracy. But the more systems you use, the greater your costs. Can you take a software tax deduction to offset your expenses?
Accounting Today
JANUARY 15, 2025
A recent survey from Wolters Kluwer found that implementation of AI search and productivity tools at firms went from 1% in 2023 to 35% in 2024.
ThomsonReuters
JANUARY 13, 2025
Blog home In corporate tax departments, change comes in many forms. There is incremental changesmall adjustments to everyday activities that may be important, but dont necessarily affect the organizations overall direction or culture. And then, there is transformational changebig, bold initiatives that deeply influence a companys operations, processes, and culture.
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.
Accounting Insight
JANUARY 15, 2025
The comprehensive, global study offers in-depth insights into the global tax and accounting industry and the trends that are shaping the profession. Wolters Kluwer Tax and Accounting (TAA) is pleased to announce its inaugural global study, the Future Ready Accountant, is now available. This comprehensive study provides an in-depth analysis of the global tax and accounting industry landscape, with an exclusive focus on consequential topics shaping the profession, such as technology advancement, A
Basis 365
JANUARY 14, 2025
Running a successful business requires more than just a great idea and hard work. It demands a sound financial business model and reliable information to guide decision-making. At Basis 365, we provide outsourced accounting and bookkeeping services, acting as the accounting department for our customers. But building a strong business requires a broader network of strategic partners to address every aspect of your operations.
inDinero Tax Tips
JANUARY 13, 2025
Running an LLC or startup means wearing many hats, and learning how to track business expenses may not be the most exciting one. But with a bit of forethought, you can create a system that saves you time, money, and headaches. In this article, well teach you how to track business expenses in a way thats simple to learn and easily fits into your routine.
Going Concern
JANUARY 14, 2025
“We do think theres a huge opportunity to roll up accounting firms and automate a lot of the workflow and let the same accounting firms take twice as many clients, says Marc Bhargava, Managing Director at VC firm General Catalyst to Wall Street Journal for their recent piece ‘ AI Has Venture Investors Excited About (Yes) Accounting Firms.’ “The idea is not to cut people with AI, the idea is to enable them to do two to three times the work.” According to their Linked
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.
Nancy McClelland, LLC
JANUARY 12, 2025
It’s tax time, you’re digging through your records… and your preparer or tax software asks about tax payments you’ve already made. Um, was I supposed to track those? Lots of small business owners pay what are known as “quarterly estimated taxes” to the IRS and their state department of revenue throughout the year — as a replacement or in addition to W-2 withholding, in order to pay tax on their self-employed or pass-through company’s profit.
Menzies
JANUARY 15, 2025
Menzies LLP - A leading chartered accountancy firm. Retention of Title (ROT) iswhere the seller of physical goods attempts to protect itself against non-payment by retaining ownership of those goods until payment is received, even after the goods have been delivered. There are two types of ROT clause: Simple clause The goods supplied under a specific invoice remain the property of the seller until all such goods on the invoice have been paid for.
Withum
JANUARY 16, 2025
Imagine your organization is engaged in multiple projects each with its own objectives, deadlines and stakeholders. Now, picture this firm without any form of project management. Why project management, you ask? Projects begin with excitement but soon, confusion reigns. Deadlines are missed, budgets spiral out of control and your stakeholders are frustrated.
CTP
JANUARY 15, 2025
Just the mention of the word audit can strike fear into a taxpayers heartbut with enough preparation, an audit does not have to be a reason for anxiety. Each year, a number of audits are randomly chosen by the IRS, so the possibility of being audited is unavoidable even if your tax return has been filled out perfectly. So how can taxpayers prepare for this eventuality?
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
Shay CPA
JANUARY 15, 2025
As the year comes to a close, you might be thinking about ways to minimize your 2024 tax bill. At any tech company, that means exploring how to maximize your R&D tax credit. Technically called the Credit for Increasing Research Activities , this tax savings opportunity can help companies get as much as $500,000 back. This is an area you dont want to miss out on.
Accounting Insight
JANUARY 13, 2025
The first edition of 3 Minutes With of 2025 is with none other than Arun Mehra, founder, owner and CEO of Samera, a leading global provider of accountancy, tax, offshoring, and financing solutions for businesses and other accountancy firms. Arun has been running Samera for over 21 years, with a diverse and experienced team across the UK and India. 1.
Withum
JANUARY 16, 2025
In recent years, Environmental, Social, and Governance (ESG) reporting has gained significant traction globally, but the landscape in the U.S. is not as robust as many other places in the world (we have a lot of catching up to do). However, two pieces of legislation, the European Union’s Corporate Sustainability Reporting Directive (CSRD) and California’s Climate Corporate Data Accountability Act (SB 253), are emerging as game-changers in the ESG landscape in the United States.
Canopy Accounting
JANUARY 13, 2025
In a recent conversation between Brittany Malidore , co-founder and managing partner of Ledgerly Consulting , and Accounting Technology, Liz Scott, Brittany shared her firms journey in adopting Canopy to tackle workflow challenges and improve efficiency. Their discussion revealed the key reasons why Brittany chose Canopy as the practice management solution for her growing firm.
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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
SchoolofBookkeeping
JANUARY 16, 2025
Exploring the Future of QuickBooks Online: A Sneak Peek at the New User Interface Test In the ever-evolving world of business solutions, Intuit is taking a bold step forward by integrating the powerful capabilities of QuickBooks Online and Mailchimp. This integration aims to enhance productivity and profitability for businesses by delivering a seamless platform experience.
ThomsonReuters
JANUARY 16, 2025
Blog home A proactive approach to filing taxes not only streamlines the workflow but also offers benefits that can greatly improve both the accountant’s and client’s experience. By embracing early e-filing, accountants can avoid the stress and potential errors associated with last-minute submissions, ensure better data security, and ultimately provide more time for valuable advisory services that help clients achieve their financial goals.
Accounting Insight
JANUARY 16, 2025
Do you feel ready to do your Self Assessment tax return with a smile this year? If youre worried about missing a deadline, youre not alone! In this guide, we cover the penalties for filing or paying your Self Assessment late , plus easy tips to avoid them. From April 2024, taxpayers voluntarily joining MTD for ITSA has a new set of penalties for missing deadlines.
CapataCPA
JANUARY 13, 2025
IRS Announces Tax Relief for Los Angeles County Wildfire Victims – Tax Updates with CAPATA In response to the devastating wildfires and straight-line winds that began on January 7, 2025, in Southern California, the Internal Revenue Service (IRS) has announced significant tax relief measures for individuals and businesses in affected areas. These measures aim to provide financial and logistical relief to taxpayers navigating the aftermath of these disasters.
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.
Menzies
JANUARY 15, 2025
Menzies LLP - A leading chartered accountancy firm. Budget Reforms Fuel Farming Controversy Following the new Labour Governments first budget, Business Property Relief (BPR) and Agricultural Property Relief (APR)reforms to Agricultural Property Relief (APR) and Business Property Relief (BPR) has sparked controversy within the Welsh farming community, fuelling further uncertainty for businesses already navigating uncertain economic conditions.
TaxConnex
JANUARY 14, 2025
Canadian eCommerce companies used to the simplicity of most nations sales tax systems (including, to a degree, their own) could be in for a shock when they try to sell online to customers in the United States. But the market of Uncle Sam isnt a total brick wall of complexity if a Canadian seller does their homework. Similar but more complicated U.S.
Xero
JANUARY 13, 2025
Got aspirations for your small business in 2025? The most important part of making New Years resolutions is creating a plan on how you will achieve them and then taking action. Whether you want to grow your business or take a step back and spend less time at work, apps might just be the secret weapon to reaching your goals. This year, turning your business resolutions into solutions might be as simple as connecting a new app to Xero.
CTP
JANUARY 17, 2025
One of the many roles we play as tax planners is as the taxpayers audit support system. Just the word audit can cause the typical taxpayer to panic. We can help reduce taxpayer stress by orienting them to audit basics long before that notice comes in the mail. Our clients should know the reasons they might be selected for an audit, how they will find out they are being audited, and what an IRS auditor might ask for.
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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