Thu.Jan 23, 2025

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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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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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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The Securities and Exchange Commission has rescinded a Staff Accounting Bulletin on safeguarding cryptocurrency assets that had been criticized by the industry and even by some of its own commissioners.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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You upgrade everything else. Why not your close process?

You wouldn’t keep using a 2009 flip phone - so why settle for outdated close processes?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.

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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.

Tax 276
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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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Supreme Court lifts injunction on Corporate Transparency Act

Accounting Today

The Supreme Court lifted an injunction on the Corporate Transparency Act and its beneficial ownership information reporting requirement that had been imposed by a federal appeals court.

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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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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 147
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Precision in Motion: Why Process Optimization Is the Future of Manufacturing

Speaker: Jason Chester, Director, Product Management

In today’s manufacturing landscape, staying competitive means moving beyond reactive quality checks and toward real-time, data-driven process control. But what does true manufacturing process optimization look like—and why is it more urgent now than ever? Join Jason Chester in this new, thought-provoking session on how modern manufacturers are rethinking quality operations from the ground up.

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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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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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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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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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AI In Accounting: A Practical Roadmap For Smarter AP

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.

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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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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.

Tax 100
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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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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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Stop Budget Burnout: A Better Way to Grow Your Nonprofit in 2026

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.

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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.

Tax 52
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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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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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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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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