Thu.Jan 23, 2025

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SEC withdraws accounting guidance on safeguarding crypto assets

Accounting Today

The Securities and Exchange Commission has rescinded a Staff Accounting Bulletin on safeguarding cryptocurrency assets that had been criticized by the industry and even by some of its own commissioners.

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5 Signs Your Accounting Service is Putting Your Business at Risk

Accounting Department

For entrepreneurs and SMB owners, accounting is the backbone of a healthy business. Without accurate and reliable accounting practices, even the most successful companies can find themselves in turmoil.

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Tax Fraud Blotter: Shipping and mishandling

Accounting Today

Noted once more; a lot of shingles; refund's in the mail; and other highlights of recent tax cases.

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Is This the Most Profitable Accounting Firm? w/ Jesse & Tom from FinOptimal

Jetpack Workflow

Summary In this episode of the Growing Your Firm podcast, host David Cristello welcomes Jesse and Tom from FinOptimal , a company that uniquely combines accounting services with innovative QuickBooks applications designed specifically for accountants. The conversation delves into their dual business model, exploring how they balance service and product development in the competitive accounting landscape.

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

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

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CPA Success Index: Ranking the nation's top collegiate accounting programs

Accounting Today

These institutions serve as examples of how academic structure, focused preparation and student support can help graduates successfully navigate the CPA exam.

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Intuit Payments Reminder - Attention Primary & Company Admins

Insightful Accountant

Intuit is expanding access to QuickBooks Payments for some of QuickBooks users. This change will happen by the end of January. It's therefore important that Admins review roles and permissions related to payment authorization and processing.

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What Do You Use for Workflow Automation?

Insightful Accountant

Short surveys, like this one on "workflow automation" apps give us valuable input on how you enhance your practice, or interests you may have in webinars, app comparisons, in-depth reviews, and "how to" features.

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IRS can't verify LITC grant recipient eligibility

Accounting Today

The IRS doesn't have the authority to independently verify that recipients of Low Income Taxpayer Clinic grants are eligible to receive them.

Tax 148
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Payment Fraud Explained: Risks, Impacts, and Prevention

Tipalti

Learn what payment fraud is, how it happens, the industries most at risk, and effective strategies to detect and prevent it for your business.

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AICPA wants bigger safe harbor for corporate AMT

Accounting Today

The Institute is asking the Treasury and the IRS to increase the safe harbor for companies seeking to avoid determining whether the CAMT would apply to them.

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Live Demo - Supercharge your Month End Close

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

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ProSeries Software – Versions, Features, and How They Differ

Ace Cloud Hosting

Are you in the market for tax software that makes complicated tax computations easier? Completing tax preparation is integral to each financial year, and the right software can significantly ease.

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New 'investor-friendly' ETFs unlock tax deferral on appreciated assets

Accounting Today

Funds that use Section 351 conversions are rolling out in 2025, led by the launch of one with the ticker TAX. Here's what financial advisors and investors should know.

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What are Per Diem Rates? How and When to Use Them

Tipalti

Explore the benefits of per diem rates, how they streamline travel expenses, and why theyre essential for UK businesses and employees on the go.

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Accounts Payable Outsourcing

Black Ink Tax & Accounting

Table of Contents The Pros and Cons of Accounts Payable Outsourcing: What You Need to Know The business environment is […] The post Accounts Payable Outsourcing appeared first on bitaccounting.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

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.

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What Dynamics GP Perpetual Licensing Cut-off Means

Fidesic blog

Since Microsoft officially announced in 2024 that it would be sunsetting Dynamics GP, there have been a few key dates and deadlines released. One kinda big one is quickly approaching. Come April 1, 2025, Microsoft will no longer sell new deployments of GP on Perpetual Licensing. In this post well explain what this means and what your options are.

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Small Business Tax Accountants Near Me

Black Ink Tax & Accounting

Table of Contents Outsourcing Accounting Services for Small Business As competitive as today’s infrastructure is getting, small startups and businesses […] The post Small Business Tax Accountants Near Me appeared first on bitaccounting.

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How to Start a Personal Training Business

Fit Small Business

If you’re a personal trainer, starting your own personal training business can be the route to more freedom, flexibility, and income. Of course, this is only true if you run your business in a way that drives your success. Fortunately, learning how to start a personal training business is simple when you follow a step-by-step. The post How to Start a Personal Training Business appeared first on Fit Small Business.

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Understanding a TIN: What Is It, and How Is It Used?

oAppsNet

A Taxpayer Identification Number, often called a TIN, is a unique number used by government agencies, banks, and other organizations to keep track of individuals and businesses. Providing your TIN when you file your taxes or apply for certain financial services is a convenient way to confirm your identity, view your past filings, and ensure your records are accurate.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

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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What Is a Money Services Business? Types, Regulations & More

Fit Small Business

A money services business (MSB) is a non-bank financial institution, business, or person engaging in money transmission, money conversion, or money exchange. These include selling money orders, cashing checks, and exchanging foreign currency. MSBs are regulated by the Financial Crimes Enforcement Network (FinCEN), must follow all the regulations set by the Bank Secrecy Act (BSA), The post What Is a Money Services Business?

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Top Remote Accounting Candidates for Hire | January 23, 2025

accountingfly

Top Remote Candidates This Week Are you in need of remote accountants? Accountingfly can assist you! Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote accounting candidates without any upfront costs. Here are some of this week’s top remote tax and accounting candidates. Sign up now to receive the full list of available top accounting candidates on a weekly basis!

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How to Build Confidence and Leadership as a Bookkeeper

The Successful Bookkeeper

Confidence and leadership may not seem like typical skills required for running a bookkeeping business, but they are crucial for long-term success. Bookkeepers often face self-doubt, undervalue their contributions, or struggle to position themselves as strategic partners to their clients. This blog explores actionable strategies to build confidence, enhance leadership skills, and take your bookkeeping business to the next level.

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What Is Product Positioning? Examples & Importance

Fit Small Business

Product positioning is how you present your product to your audience to give them a specific impression. It is a strategy that motivates your target market to engage with your brand and eventually purchase your product. Proper product positioning also allows you to stand out from the (increasingly tough) competition. Importance of Product Positioning Product.

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

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.

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SALT talks gain steam with Trump's blessing on tax break

Accounting Today

House Republicans are in talks over raising the cap for state and local tax deductions after winning pledges to include it in a must-pass tax bill this year.

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TikTok & IRS Direct File Saved; Trump Issues Own Currency

Cloud Accounting Podcast

Blake and David jump into the latest news, including the launch of Trump's own cryptocurrency and KPMG's expansion into legal services in Arizona, taking advantage of new rules allowing non-lawyers to own law firms. They also examine the Treasury Department's Chinese hack attack, South Carolina's $1.8 billion accounting error resolution, and Trump's proposed External Revenue Service.

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CFPB Uproar Overshadows State-level Regulations

RevCycle

The healthcare industry is abuzz with the recent finalization of the CFPB rule removing medical bills from credit reports. Rightfully so, as it removes a key piece of leverage in the collection of medical debts. However, ACA International has already filed a lawsuit against the rule, arguing overreach beyond the CFPBs regulatory authority. In light of the delay in implementation this will likely cause, our January blog post will review noteworthy recent regulatory changes in various states acros