CPA Practice

JANUARY 20, 2025

The pace of change in the accounting industry will never slow down, and technology will continue to be a primary driver of that change.

Account 122

Account accountant accounted 122

Insightful Accountant

JANUARY 20, 2025

The current landscape presents a prime opportunity for launching your own tax practice, with retiring baby boomer CPAs creating market gaps and technology reducing startup costs.

cpas 101

cpas Tax 101

RogerRossmeisl

JANUARY 21, 2025

Business valuation experts often rely on prospective financial statements when applying the discounted cash flow (DCF) method to value a private business interest. However, when management prepares financial projections for another purpose such as a loan application repurposing them to estimate fair market value for litigation purposes may raise a red flag.

New York 264

New York financial statements CPA 264

AccountingDepartment

JANUARY 21, 2025

Financial reporting has always been a critical pillar of effective business management. It's the roadmap that guides decisions, uncovers opportunities, and highlights risks. However, in a fast-evolving economic landscape, relying solely on monthly reports or quarterly financial statements is slowly becoming obsolete.

Gaming 116

Gaming financial statements quickbooks accounted 116

Advertisement

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

JANUARY 21, 2025

Affected taxpayers now have until Oct. 15 to file and pay their taxes, matching the federal relief from the IRS.

California 105

California Tax 105

BurklandAssociates

JANUARY 21, 2025

Accurate accounting for R&D expenses is critical for compliance and can have significant tax benefits as well as financial reporting and operational implications. The post Accounting for R&D Costs in a Biotech Startup: Why Its Important to Get it Right appeared first on Burkland.

Account 147

Account accountant accounted Tax 147

Accounting Today

JANUARY 22, 2025

Charles Hoffman believes the accounting industry is poised for a major shift toward machine-understandable artifacts and semantic knowledge graphs.

Account 69

Account accounted accountant accounting software 69

Reckon

JANUARY 22, 2025

Its a new year for businesses across Australia, and you may be looking to jump-start the engine that once ran smoothly in 2024. With 12 months ahead of you, the best way to get underway is through proper planning with a roadmap. For any roadmap, it is important to have clear and achievable goals for your business, with key dates and goals that will motivate you for the year ahead.

payroll 52

payroll income tax bookkeeping Sales 52

Accounting Today

JANUARY 22, 2025

More states are expected to simplify their sales tax laws and leverage artificial intelligence for doing tax audits, according to a new report from Avalara.

Tax 122

Tax audit Sales 122

RogerRossmeisl

JANUARY 21, 2025

Understanding how to deduct transportation costs could significantly reduce the tax burden on your small business. You and your employees likely incur various local transportation expenses each year, and they have tax implications. Lets start by defining local transportation. It refers to travel when you arent away from your tax home long enough to require sleep or rest.

Transportation 255

Transportation business tax Tax Maine 255

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.

TaxConnex

JANUARY 21, 2025

An exemption certificate is one of the most useful tools that your online company has for sales tax. This little piece of paper is used to exempt an otherwise taxable transaction from sales tax. The overall concept is that the end user incurs sales tax and that all sales of tangible personal property are taxable unless specifically enumerated, usually in legislation.

Non-Profits 147

Non-Profits auditor Hospitality Sales 147

GrowthForceBlog

JANUARY 22, 2025

8 min read January 21st, 2024 Every nonprofit leader has a duty to be a responsible, honest, and trustworthy steward of their financial resources. Key Takeaways Foster Financial Transparency: The need for financial transparency in a nonprofit is paramount. Not only does financial transparency support and strengthen donor trust, but it also creates accountability.

accounting and finance 111

accounting and finance Finance Account accountant 111

CTP

JANUARY 22, 2025

Saving for retirement is one arena where tax planners can provide value to their clients. Even your financially savvy clients may not be aware of the strategies they can use to increase the amount of money available during retirement and decrease the amount lost to taxes. One underutilized strategy is to leverage health care savings tools. According to the Fidelity Retiree Health Care Cost Estimate, the average 65-year-old will need about $165,000 to cover health care expenses during retirement.

Tax 89

Tax Expense Reimbursements Non-Profits Account 89

RogerRossmeisl

JANUARY 21, 2025

Medicare health insurance premiums can add up to big bucks especially if youre upper-income, married, and you and your spouse both pay premiums. Read on to understand how taxes fit in. Premiums for Part B coverage Medicare Part B coverage is commonly called Medicare medical insurance. Part B mainly covers doctors visits and outpatient services. Eligible individuals must pay monthly premiums for this benefit.

Tax 264

Tax Maine CPA 264

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

TaxConnex

JANUARY 23, 2025

A new construction project, a renovation or expansion of a property, ongoing management of a property: All these and more can come with a ton of sales tax nuances. Particularly for those construction companies with projects beyond the borders of their home state, where they may have done well with sales tax compliance for many years. For sales tax purposes, a contractor is generally an entity or person engaged in the construction, alteration or improvement of real property.

Sales 147

Sales North Carolina Tax Construction 147

Withum

JANUARY 21, 2025

The updated guidance in Chapter 8 of the American Institute of Certified Public Accountants (AICPA) Accounting and Valuation Guide: Valuation of Privately-Held-Company Equity Securities Issued as Compensation, outlines a framework for using primary and secondary transactions in company securities to assess their impact on estimating the fair value of equity for stock-based compensation.

Sales 75

Sales public accounting Account accountant 75

Going Concern

JANUARY 21, 2025

We knew it was only a matter of time before someone filed a class action lawsuit against BDO USA for all that ESOP stuff. Pretty much ever since the secret partner meeting happened back in 2023 we’ve heard from countless current and former partners saying “Gee I wish someone would sue the s**t out of BDO” (paraphrasing) for everything related to BDO’s deal with Apollo and the ESOP.

Massachusetts 72

Massachusetts accounting and finance Government Finance 72

ThomsonReuters

JANUARY 23, 2025

Jump to The benefits of GenAI Barriers to the integration of GenAI in tax and accounting Addressing barriers with AI-powered solutions Secure your firms future with AI integration In the rapidly evolving world of tax and accounting, generative AI (GenAI) is emerging as a powerful tool that can revolutionize the way professionals work. By mimicking human-like intelligence, AI can significantly enhance efficiency and accuracy, streamlining processes and providing deeper insights.

accounting firms 64

accounting firms Tax Account accountant 64

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

Mark Lee

JANUARY 21, 2025

A recent conversation with cybersecurity expert Francis West prompted me to revisit a previous discussion here about the risks of cybercrime affecting accountants in practice. Given the evolving threat landscape, I asked him to highlight the current challenges and solutions we need to keep in mind. Francis has been involved in the technology sector for over thirty years, providing IT and cybersecurity solutions to a range of industries, including finance, recruitment, and legal.

Account 52

Account accountant accounted payroll 52

Withum

JANUARY 20, 2025

Employment taxes are always scrutinized by the IRS and state taxing authorities, particularly in the healthcare industry. Audit issues include reclassification of workers from independent contractor to employee; an individual receiving both a Form W-2 and Form 1099 in the same calendar year; incorrect employment tax forms preparation; the failure to issue Forms 1099; and general non-compliance with Form W-9 record-keeping.

Healthcare 78

Healthcare Tax accounts payable audit 78

Going Concern

JANUARY 23, 2025

Last year the Institute of Chartered Accountants in England and Wales (ICAEW) put together a report on the state of mid-tier firms across the pond based on a survey of managing partners that we covered in two parts: Heres How Mid-Tier Accounting Firms Are Feeling About Private Equity and M&A Heres How Mid-Tier Accounting Firms Are Feeling About the Talent Crisis and Remote Work The excerpt below is from the first one that covered private equity and mergers/acquisitions : [M]any firms in the

accounting firms 64

accounting firms institute of chartered accountants Account accountant 64

Xero

JANUARY 22, 2025

While its often referred to as self assessment season we know in reality most of you spend 10 months of the year preparing for the 31 January deadline. However, theres always that last minute rush of chasing missing data from clients which makes January a stressful time. We recently teamed up with Accounting Web to put together a special report with some helpful tips for making self assessment season less stressful and more efficient.

bookkeeping 56

bookkeeping Tax Account accountant 56

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.

Finance

Accounting Today

JANUARY 21, 2025

KPMG US has set up a subsidiary that has filed an application in Arizona to establish a law firm in the state, with hopes of going national.

Arizona 133

Arizona accounting firms accounted Account 133

Withum

JANUARY 22, 2025

On January 6, 2025, the Pension Benefit Guaranty Corporation issued Technical Update 25-1, lending guidance on the timing of premium payments for all 2025 Plan Years. Per Section 502 of the Bipartisan Budget Act of 2015 , the premium filing due date for all plans is the 15 th day of the ninth calendar month that begins on or after the first day of the plan year.

69

69

Going Concern

JANUARY 22, 2025

The US Attorney’s Office of Middle District of Tennessee put out this press release the other day, just your everyday average fraud accusation. A federal indictment unsealed today charges Jason Alexander Jerkins, 36, of Franklin, Tennessee, with wire fraud, money laundering and tax fraud, announced Acting United States Attorney for the Middle District of Tennessee Robert E.

Tennessee 59

Tennessee CPA bookkeeping payroll 59

CTP

JANUARY 22, 2025

Rising health care costs are becoming a financial obstacle for many retirees. The Fidelity Retiree Health Care Cost Estimate found that the average 65-year-old retiree will need about $165,000 to cover their total health care expenses. What if you could save for these necessary expenses and lower your tax liability at the same time? Many taxpayers may be eligible for savings vessels, such as health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements

Tax 52

Tax Expense Reimbursements Non-Profits corporation tax 52

Advertiser: Paycor

Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.

ThomsonReuters

JANUARY 23, 2025

Jump to 5 ways AI can reduce stress this tax season Understanding the long-term value of AI Implementing AI amidst the hustle and bustle of tax season Tax season is a notoriously stressful period for tax and accounting professionals. The surge in workload, tight deadlines, and client demands create a challenging environment, to say the least. However, the integration of AI-powered tax technology can change all that, offering immediate and transformational benefits that can positively impact you

Tax 52

Tax Technology tax preparation Account 52

Withum

JANUARY 22, 2025

As businesses continue to explore AI integration, it’s crucial to prioritize key business areas that will enhance overall business resilience, improve efficiency and ensure robust data protection. In this post, well explore four critical business strategies that businesses should focus on to navigate these changes effectively. 4 Key Business Strategies 1.

Technology 59

Technology Government 59

Shay CPA

JANUARY 22, 2025

Running any business comes with a small mountain of paperwork. Theres all the documentation you need to file at founding. You need to manage your annual filings with the IRS and applicable state tax authorities. You need to periodically renew registrations, licenses, etc. And now, to top it all off, businesses might have another piece of paperwork to deal with: the beneficial ownership information (BOI) filing.

Texas 52

Texas Legal Alabama CPA 52

CPA Practice

JANUARY 21, 2025

The IRS updated frequently asked questions about the Energy Efficient Home Improvement Credit and the Residential Clean Energy Property Credit inFact Sheet 2025-01 on Jan. 17.

Tax 128

Tax 128

Speaker: Cheryl J. Muldrew-McMurtry

Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.

Finance